1,189 Shares in T-Mobile US, Inc. (NASDAQ:TMUS) Purchased by Balboa Wealth Partners

Balboa Wealth Partners bought a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) during the third quarter, Holdings Channel.com reports. The institutional investor bought 1,189 shares of the Wireless communications provider’s stock, valued at approximately $245,000.

Several other hedge funds also recently bought and sold shares of TMUS. Vanguard Group Inc. grew its position 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 valued at $7,351,811,000 after acquiring an additional 1,667,778 shares in the last quarter. Clearbridge Investments LLC boosted its stake in shares of T-Mobile US by 18.8% in the first quarter. Clearbridge Investments LLC now owns 3,652,486 shares of the Wireless communications provider’s stock valued at $596,159,000 after purchasing an additional 578,348 shares during the period. Legal & General Group Plc grew its holdings in shares of T-Mobile US by 6.8% in the second quarter. Legal & General Group Plc now owns 4,751,007 shares of the Wireless communications provider’s stock valued at $837,032,000 after purchasing an additional 303,582 shares in the last quarter. Blackstone Inc. purchased a new stake in T-Mobile US during the 1st quarter worth approximately $48,966,000. Finally, International Assets Investment Management LLC lifted its holdings in T-Mobile US by 21,580.9% during the 3rd quarter. International Assets Investment Management LLC now owns 249,981 shares of the Wireless communications provider’s stock worth $51,586,000 after buying an additional 248,828 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. TD Cowen boosted their price target on shares of T-Mobile US from $216.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Evercore ISI boosted their target price on T-Mobile US from $220.00 to $240.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Wells Fargo & Company increased their price target on T-Mobile US from $230.00 to $240.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Sanford C. Bernstein raised T-Mobile US to a “strong-buy” rating in a research report on Wednesday, July 31st. Finally, Royal Bank of Canada upped their target price on shares of T-Mobile US from $232.00 to $255.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Three analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, T-Mobile US presently has an average rating of “Moderate Buy” and an average target price of $241.83.

Insider Activity at T-Mobile US

In other news, insider Michael J. Katz sold 3,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $205.30, for a total transaction of $615,900.00. Following the completion of the transaction, the insider now directly owns 119,687 shares of the company’s stock, valued at approximately $24,571,741.10. This represents a 2.45 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Mark Wolfe Nelson sold 42,769 shares of T-Mobile US stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $216.26, for a total value of $9,249,223.94. Following the completion of the sale, the executive vice president now owns 61,871 shares in the company, valued at approximately $13,380,222.46. This trade represents a 40.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 464,924 shares of company stock worth $97,427,925 in the last three months. Insiders own 0.67% of the company’s stock.

T-Mobile US Stock Down 0.9 %

Shares of NASDAQ:TMUS opened at $235.61 on Friday. T-Mobile US, Inc. has a 1-year low of $147.07 and a 1-year high of $242.43. The stock has a market cap of $273.42 billion, a P/E ratio of 26.87, a P/E/G ratio of 1.23 and a beta of 0.50. The firm has a fifty day moving average price of $215.03 and a 200 day moving average price of $191.94. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.32 by $0.29. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The firm had revenue of $20.16 billion for the quarter, compared to analysts’ expectations of $20.01 billion. During the same quarter in the previous year, the firm posted $1.82 EPS. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. Sell-side analysts predict that T-Mobile US, Inc. will post 9.36 EPS for the current year.

T-Mobile US Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be issued a dividend of $0.88 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This is an increase from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 annualized dividend and a dividend yield of 1.49%. T-Mobile US’s dividend payout ratio (DPR) is currently 29.65%.

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.