Confluence Wealth Services Inc. Raises Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Confluence Wealth Services Inc. raised its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 40.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,372 shares of the Wireless communications provider’s stock after purchasing an additional 964 shares during the quarter. Confluence Wealth Services Inc.’s holdings in T-Mobile US were worth $728,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Czech National Bank increased its holdings in T-Mobile US by 1.6% during the third quarter. Czech National Bank now owns 99,828 shares of the Wireless communications provider’s stock worth $20,601,000 after buying an additional 1,572 shares during the last quarter. Mather Group LLC. increased its stake in shares of T-Mobile US by 6.6% during the 3rd quarter. Mather Group LLC. now owns 4,568 shares of the Wireless communications provider’s stock worth $943,000 after purchasing an additional 282 shares during the last quarter. Dynamic Advisor Solutions LLC raised its holdings in shares of T-Mobile US by 4.7% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 4,451 shares of the Wireless communications provider’s stock worth $918,000 after purchasing an additional 199 shares during the period. Atomi Financial Group Inc. lifted its stake in T-Mobile US by 32.9% in the third quarter. Atomi Financial Group Inc. now owns 4,870 shares of the Wireless communications provider’s stock valued at $1,005,000 after purchasing an additional 1,206 shares during the last quarter. Finally, Reliant Investment Management LLC bought a new position in T-Mobile US during the third quarter valued at $4,827,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Srikant M. Datar sold 1,000 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $247.19, for a total value of $247,190.00. Following the completion of the sale, the director now owns 5,021 shares of the company’s stock, valued at approximately $1,241,140.99. This represents a 16.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO G Michael Sievert sold 20,000 shares of T-Mobile US stock in a transaction on Monday, November 11th. The stock was sold at an average price of $237.73, for a total transaction of $4,754,600.00. Following the completion of the transaction, the chief executive officer now owns 378,124 shares in the company, valued at approximately $89,891,418.52. The trade was a 5.02 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,100 shares of company stock worth $5,501,978. 0.67% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Royal Bank of Canada boosted their target price on T-Mobile US from $240.00 to $245.00 and gave the company a “sector perform” rating in a research note on Thursday, January 30th. Sanford C. Bernstein assumed coverage on T-Mobile US in a research note on Tuesday, December 10th. They issued a “market perform” rating and a $265.00 price objective on the stock. Tigress Financial increased their target price on shares of T-Mobile US from $235.00 to $280.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Citigroup boosted their price target on shares of T-Mobile US from $210.00 to $254.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Finally, Barclays upped their price target on shares of T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a research note on Monday. Seven equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $251.26.

T-Mobile US Trading Up 2.2 %

Shares of TMUS opened at $242.43 on Thursday. T-Mobile US, Inc. has a 1-year low of $158.84 and a 1-year high of $248.15. The company has a market capitalization of $281.34 billion, a P/E ratio of 25.07, a P/E/G ratio of 1.38 and a beta of 0.56. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. The firm’s 50 day simple moving average is $226.03 and its 200 day simple moving average is $214.53.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. Sell-side analysts forecast that T-Mobile US, Inc. will post 10.18 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Friday, February 28th will be given a dividend of $0.88 per share. The ex-dividend date is Friday, February 28th. This represents a $3.52 annualized dividend and a dividend yield of 1.45%. T-Mobile US’s dividend payout ratio (DPR) is presently 36.40%.

T-Mobile US Company Profile

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.