Trueblood Wealth Management LLC Grows Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Trueblood Wealth Management LLC grew its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 16.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,429 shares of the Wireless communications provider’s stock after buying an additional 496 shares during the quarter. Trueblood Wealth Management LLC’s holdings in T-Mobile US were worth $757,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Barclays PLC increased its holdings in T-Mobile US by 38.3% in the 3rd quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock worth $653,160,000 after acquiring an additional 876,182 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of T-Mobile US by 21,580.9% in the third quarter. International Assets Investment Management LLC now owns 249,981 shares of the Wireless communications provider’s stock worth $51,586,000 after purchasing an additional 248,828 shares during the period. Swedbank AB raised its position in shares of T-Mobile US by 5.1% during the 3rd quarter. Swedbank AB now owns 255,044 shares of the Wireless communications provider’s stock valued at $52,631,000 after purchasing an additional 12,411 shares during the period. Passumpsic Savings Bank purchased a new position in shares of T-Mobile US during the 3rd quarter valued at $2,634,000. Finally, Granite Bay Wealth Management LLC bought a new position in T-Mobile US in the 4th quarter worth $5,775,000. Institutional investors own 42.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on TMUS shares. Tigress Financial raised their price target on T-Mobile US from $235.00 to $280.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Morgan Stanley started coverage on T-Mobile US in a research note on Monday, December 16th. They set an “overweight” rating and a $280.00 target price on the stock. Citigroup upped their price target on T-Mobile US from $210.00 to $254.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Evercore ISI lifted their price objective on shares of T-Mobile US from $220.00 to $240.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, Royal Bank of Canada downgraded shares of T-Mobile US from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from $255.00 to $240.00 in a report on Monday, January 6th. Seven equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $245.74.

T-Mobile US Stock Up 1.5 %

NASDAQ TMUS opened at $218.97 on Monday. T-Mobile US, Inc. has a 52 week low of $158.84 and a 52 week high of $248.15. The firm has a market capitalization of $254.11 billion, a price-to-earnings ratio of 24.97, a PEG ratio of 1.05 and a beta of 0.56. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. The company has a fifty day moving average of $228.93 and a two-hundred day moving average of $210.47.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, beating the consensus estimate of $2.32 by $0.29. The company had revenue of $20.16 billion for the quarter, compared to the consensus estimate of $20.01 billion. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The firm’s revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.82 EPS. On average, analysts predict that T-Mobile US, Inc. will post 9.31 earnings per share for the current year.

T-Mobile US Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Friday, February 28th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend is Friday, February 28th. T-Mobile US’s payout ratio is currently 40.14%.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $237.73, for a total value of $4,754,600.00. Following the transaction, the chief executive officer now directly owns 378,124 shares in the company, valued at $89,891,418.52. This represents a 5.02 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Raul Marcelo Claure sold 110,000 shares of T-Mobile US stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $224.30, for a total transaction of $24,673,000.00. Following the sale, the director now directly owns 1,441,204 shares of the company’s stock, valued at $323,262,057.20. This represents a 7.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 164,200 shares of company stock valued at $37,407,303 in the last quarter. 0.67% of the stock is owned by insiders.

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.