Cornerstone Wealth Group LLC Increases Stake in T-Mobile US, Inc. $TMUS

Cornerstone Wealth Group LLC grew its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 5.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,433 shares of the Wireless communications provider’s stock after buying an additional 849 shares during the quarter. Cornerstone Wealth Group LLC’s holdings in T-Mobile US were worth $4,154,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Activest Wealth Management grew its stake in shares of T-Mobile US by 9,400.0% during the 1st quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 94 shares during the period. Missouri Trust & Investment Co grew its stake in shares of T-Mobile US by 807.7% during the 2nd quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 105 shares during the period. Stone House Investment Management LLC acquired a new position in shares of T-Mobile US during the 1st quarter worth $29,000. TCTC Holdings LLC grew its stake in shares of T-Mobile US by 208.1% during the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider’s stock worth $30,000 after purchasing an additional 77 shares during the period. Finally, Tsfg LLC acquired a new position in shares of T-Mobile US during the 1st quarter worth $47,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Benchmark upped their price target on shares of T-Mobile US from $275.00 to $295.00 and gave the stock a “buy” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft upped their price target on shares of T-Mobile US from $280.00 to $300.00 in a research note on Thursday, October 2nd. Raymond James Financial raised shares of T-Mobile US to a “hold” rating in a research note on Wednesday, October 1st. Moffett Nathanson increased their price objective on shares of T-Mobile US from $210.00 to $230.00 and gave the company a “neutral” rating in a research note on Thursday, October 2nd. Finally, Wolfe Research lowered their price objective on shares of T-Mobile US from $300.00 to $290.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 30th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, T-Mobile US currently has a consensus rating of “Moderate Buy” and a consensus target price of $265.13.

Insider Buying and Selling at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $238.61, for a total transaction of $16,664,522.40. Following the transaction, the director directly owned 646,613,244 shares in the company, valued at $154,288,386,150.84. This represents a 0.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In the last 90 days, insiders have sold 2,359,321 shares of company stock worth $570,950,708. Corporate insiders own 0.37% of the company’s stock.

T-Mobile US Price Performance

T-Mobile US stock opened at $225.06 on Tuesday. T-Mobile US, Inc. has a 12-month low of $208.39 and a 12-month high of $276.49. The stock has a market capitalization of $253.29 billion, a P/E ratio of 21.23, a P/E/G ratio of 1.56 and a beta of 0.59. The firm’s 50-day moving average is $243.04 and its two-hundred day moving average is $242.43. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.21 and a quick ratio of 1.13.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.69 by $0.15. The business had revenue of $21.13 billion for the quarter, compared to analyst estimates of $20.99 billion. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The company’s revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the firm posted $2.49 EPS. Equities analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Wednesday, November 26th. This is an increase from T-Mobile US’s previous quarterly dividend of $0.88. T-Mobile US’s payout ratio is currently 33.21%.

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.