Birchcreek Wealth Management LLC Invests $202,000 in T-Mobile US, Inc. (NASDAQ:TMUS)

Birchcreek Wealth Management LLC acquired a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,146 shares of the Wireless communications provider’s stock, valued at approximately $202,000.

Several other institutional investors have also added to or reduced their stakes in TMUS. Vanguard Group Inc. raised its stake in shares of T-Mobile US by 3.8% in the 1st quarter. Vanguard Group Inc. now owns 45,042,339 shares of the Wireless communications provider’s stock valued at $7,351,811,000 after purchasing an additional 1,667,778 shares during the period. Norges Bank bought a new position in shares of T-Mobile US during the fourth quarter worth about $3,338,708,000. Wellington Management Group LLP raised its position in T-Mobile US by 200.0% in the 4th quarter. Wellington Management Group LLP now owns 6,362,601 shares of the Wireless communications provider’s stock valued at $1,020,116,000 after buying an additional 4,241,877 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in T-Mobile US by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,258,386 shares of the Wireless communications provider’s stock valued at $682,699,000 after acquiring an additional 23,800 shares in the last quarter. Finally, Putnam Investments LLC boosted its position in T-Mobile US by 74.6% during the 4th quarter. Putnam Investments LLC now owns 3,939,221 shares of the Wireless communications provider’s stock worth $631,575,000 after acquiring an additional 1,682,743 shares during the last quarter. 42.49% of the stock is owned by institutional investors.

Insider Buying and Selling at T-Mobile US

In other news, CEO G Michael Sievert sold 20,000 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $194.57, for a total value of $3,891,400.00. Following the completion of the sale, the chief executive officer now owns 418,124 shares of the company’s stock, valued at $81,354,386.68. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other T-Mobile US news, Director Raul Marcelo Claure sold 2,706 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $200.11, for a total transaction of $541,497.66. Following the transaction, the director now owns 1,826,204 shares in the company, valued at approximately $365,441,682.44. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO G Michael Sievert sold 20,000 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $194.57, for a total value of $3,891,400.00. Following the sale, the chief executive officer now directly owns 418,124 shares in the company, valued at $81,354,386.68. The disclosure for this sale can be found here. Insiders have sold a total of 1,564,554 shares of company stock valued at $280,851,465 in the last ninety days. 0.67% of the stock is currently owned by corporate insiders.

T-Mobile US Trading Down 0.9 %

TMUS stock opened at $198.80 on Thursday. The stock has a market cap of $232.96 billion, a price-to-earnings ratio of 27.05, a price-to-earnings-growth ratio of 0.74 and a beta of 0.51. The company has a fifty day moving average price of $187.41 and a two-hundred day moving average price of $173.54. T-Mobile US, Inc. has a one year low of $132.40 and a one year high of $205.28. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.84 and a quick ratio of 0.78.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.22. The business had revenue of $19.77 billion for the quarter, compared to analyst estimates of $19.61 billion. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. T-Mobile US’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.86 EPS. Equities analysts anticipate that T-Mobile US, Inc. will post 9.18 EPS for the current year.

T-Mobile US Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Friday, August 30th will be paid a $0.65 dividend. The ex-dividend date is Friday, August 30th. This represents a $2.60 annualized dividend and a yield of 1.31%. T-Mobile US’s dividend payout ratio (DPR) is presently 35.37%.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. The Goldman Sachs Group began coverage on shares of 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. Tigress Financial boosted their price target on shares of T-Mobile US from $205.00 to $235.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Scotiabank increased their price objective on shares of T-Mobile US from $194.50 to $197.00 and gave the stock a “sector outperform” rating in a research note on Thursday, August 1st. StockNews.com raised T-Mobile US from a “hold” rating to a “buy” rating in a research report on Tuesday, July 30th. Finally, TD Cowen increased their price target on T-Mobile US from $202.00 to $216.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $198.63.

T-Mobile US 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.