Legacy Advisors LLC Purchases 158 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Legacy Advisors LLC increased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 9.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,773 shares of the Wireless communications provider’s stock after purchasing an additional 158 shares during the period. Legacy Advisors LLC’s holdings in T-Mobile US were worth $312,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Norges Bank purchased a new position in shares of T-Mobile US in the fourth quarter valued at about $3,338,708,000. Wellington Management Group LLP raised its stake in T-Mobile US by 200.0% during 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 purchasing an additional 4,241,877 shares during the period. Putnam Investments LLC lifted its holdings in T-Mobile US by 74.6% in the 4th quarter. Putnam Investments LLC now owns 3,939,221 shares of the Wireless communications provider’s stock worth $631,575,000 after purchasing an additional 1,682,743 shares in the last quarter. Vanguard Group Inc. boosted its stake in 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 worth $7,351,811,000 after purchasing an additional 1,667,778 shares during the period. Finally, Clearbridge Investments LLC grew its holdings in T-Mobile US by 18.8% during the 1st quarter. Clearbridge Investments LLC now owns 3,652,486 shares of the Wireless communications provider’s stock valued at $596,159,000 after buying an additional 578,348 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insider Activity at T-Mobile US

In other T-Mobile US news, CAO Dara Bazzano sold 4,300 shares of T-Mobile US stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $179.78, for a total transaction of $773,054.00. Following the completion of the sale, the chief accounting officer now directly owns 6,202 shares of the company’s stock, valued at approximately $1,114,995.56. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Telekom Ag Deutsche sold 227,604 shares of T-Mobile US stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $179.96, for a total value of $40,959,615.84. Following the transaction, the director now directly owns 672,796,281 shares in the company, valued at approximately $121,076,418,728.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Dara Bazzano sold 4,300 shares of the company’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $179.78, for a total value of $773,054.00. Following the sale, the chief accounting officer now owns 6,202 shares of the company’s stock, valued at $1,114,995.56. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,034,062 shares of company stock worth $363,689,766. Company insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

TMUS has been the subject of a number of research reports. Barclays upped their target price on shares of T-Mobile US from $180.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. StockNews.com upgraded T-Mobile US from a “hold” rating to a “buy” rating in a research report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft boosted their target price on T-Mobile US from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Sanford C. Bernstein upgraded T-Mobile US to a “strong-buy” rating in a report on Wednesday, July 31st. Finally, Evercore ISI raised T-Mobile US to a “hold” rating in a 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 assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $198.63.

T-Mobile US Trading Down 0.4 %

Shares of TMUS stock traded down $0.71 on Friday, reaching $198.72. 3,915,152 shares of the company’s stock were exchanged, compared to its average volume of 4,642,973. The company’s fifty day simple moving average is $186.09 and its 200 day simple moving average is $172.66. The stock has a market capitalization of $232.87 billion, a PE ratio of 27.04, a P/E/G ratio of 0.76 and a beta of 0.51. The company has a current ratio of 0.84, a quick ratio of 0.86 and a debt-to-equity ratio of 1.22. T-Mobile US, Inc. has a 52 week low of $132.40 and a 52 week high of $205.28.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $19.77 billion for the quarter, compared to analysts’ expectations of $19.61 billion. During the same period in the prior year, the business posted $1.86 earnings per share. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. As a group, analysts forecast that T-Mobile US, Inc. will post 9.05 EPS for the current year.

T-Mobile US Dividend Announcement

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

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.