Mather Group LLC. Has $700,000 Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Mather Group LLC. raised its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 11.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,286 shares of the Wireless communications provider’s stock after acquiring an additional 439 shares during the quarter. Mather Group LLC.’s holdings in T-Mobile US were worth $700,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Leibman Financial Services Inc. bought a new stake in shares of T-Mobile US during the 2nd quarter valued at about $2,898,000. Boston Common Asset Management LLC raised its holdings in shares of T-Mobile US by 6.9% in the 2nd quarter. Boston Common Asset Management LLC now owns 120,266 shares of the Wireless communications provider’s stock worth $21,188,000 after purchasing an additional 7,716 shares during the period. Versant Capital Management Inc boosted its position in T-Mobile US by 115.2% during the second quarter. Versant Capital Management Inc now owns 213 shares of the Wireless communications provider’s stock worth $38,000 after purchasing an additional 114 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new position in T-Mobile US in the 2nd quarter worth approximately $36,000. Finally, DNB Asset Management AS grew its holdings in T-Mobile US by 10.4% during the 2nd quarter. DNB Asset Management AS now owns 874,762 shares of the Wireless communications provider’s stock valued at $154,116,000 after buying an additional 82,494 shares in the last quarter. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Price Performance

TMUS stock traded up $2.16 during mid-day trading on Wednesday, hitting $192.02. The company had a trading volume of 1,366,701 shares, compared to its average volume of 4,760,196. The company has a 50-day moving average price of $178.68 and a 200 day moving average price of $168.40. T-Mobile US, Inc. has a 12-month low of $131.47 and a 12-month high of $193.90. The company has a quick ratio of 0.86, a current ratio of 0.84 and a debt-to-equity ratio of 1.22. The company has a market capitalization of $224.05 billion, a price-to-earnings ratio of 26.34, a P/E/G ratio of 0.76 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, beating the consensus estimate of $2.27 by $0.22. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The company had revenue of $19.77 billion for the quarter, compared to the consensus estimate of $19.61 billion. During the same period in the prior year, the firm posted $1.86 EPS. The firm’s revenue was up 3.0% compared to the same quarter last year. On average, research analysts anticipate that T-Mobile US, Inc. will post 9.05 earnings per share for the current year.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Friday, August 30th will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.60 annualized dividend and a yield of 1.35%. T-Mobile US’s dividend payout ratio (DPR) is presently 35.37%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Royal Bank of Canada increased their target price on T-Mobile US from $184.00 to $188.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. The Goldman Sachs Group started coverage on T-Mobile US in a research report on Monday, July 1st. They issued a “buy” rating and a $200.00 price objective on the stock. Sanford C. Bernstein raised T-Mobile US to a “strong-buy” rating in a research note on Wednesday, July 31st. Scotiabank lifted their price target on shares of T-Mobile US from $194.50 to $197.00 and gave the company a “sector outperform” rating in a report on Thursday, August 1st. Finally, Bank of America upped their price objective on shares of T-Mobile US from $175.00 to $195.00 and gave the stock a “buy” rating in a report on Monday, June 10th. One investment analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, T-Mobile US has an average rating of “Buy” and an average target price of $196.75.

Insider Activity

In other T-Mobile US news, Director Telekom Ag Deutsche sold 189,670 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $164.23, for a total transaction of $31,149,504.10. Following the transaction, the director now owns 676,210,341 shares in the company, valued at approximately $111,054,024,302.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Peter Osvaldik sold 10,000 shares of T-Mobile US stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $180.98, for a total value of $1,809,800.00. Following the sale, the chief financial officer now directly owns 81,307 shares of the company’s stock, valued at $14,714,940.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Telekom Ag Deutsche sold 189,670 shares of T-Mobile US stock in a transaction on Friday, May 10th. The stock was sold at an average price of $164.23, for a total transaction of $31,149,504.10. Following the sale, the director now directly owns 676,210,341 shares in the company, valued at approximately $111,054,024,302.43. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,640,448 shares of company stock worth $623,942,587. 0.67% of the stock is currently owned by company insiders.

About T-Mobile US

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.