Chesley Taft & Associates LLC Has $4.37 Million Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Chesley Taft & Associates LLC lifted its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 0.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 26,783 shares of the Wireless communications provider’s stock after buying an additional 115 shares during the quarter. Chesley Taft & Associates LLC’s holdings in T-Mobile US were worth $4,372,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of TMUS. Private Wealth Management Group LLC acquired a new stake in T-Mobile US in the fourth quarter valued at approximately $27,000. Valley National Advisers Inc. grew its position in T-Mobile US by 232.1% in the 4th quarter. Valley National Advisers Inc. now owns 176 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 123 shares during the period. Baker Avenue Asset Management LP increased its stake in T-Mobile US by 63.3% during the 3rd quarter. Baker Avenue Asset Management LP now owns 209 shares of the Wireless communications provider’s stock valued at $29,000 after purchasing an additional 81 shares in the last quarter. Bay Harbor Wealth Management LLC acquired a new position in T-Mobile US during the fourth quarter worth $34,000. Finally, Rise Advisors LLC bought a new position in shares of T-Mobile US in the first quarter valued at $39,000. Institutional investors own 42.49% of the company’s stock.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, insider Michael J. Katz sold 3,000 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $163.22, for a total value of $489,660.00. Following the completion of the transaction, the insider now owns 125,687 shares in the company, valued at approximately $20,514,632.14. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Michael J. Katz sold 3,000 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $163.22, for a total transaction of $489,660.00. Following the completion of the transaction, the insider now directly owns 125,687 shares in the company, valued at approximately $20,514,632.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Telekom Ag Deutsche sold 133,461 shares of the company’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $178.04, for a total value of $23,761,396.44. Following the completion of the transaction, the director now owns 670,812,128 shares in the company, valued at $119,431,391,269.12. The disclosure for this sale can be found here. Insiders have sold 6,512,248 shares of company stock valued at $1,086,228,100 in the last 90 days. 0.67% of the stock is currently owned by company insiders.

T-Mobile US Stock Performance

Shares of TMUS traded up $1.11 during mid-day trading on Thursday, hitting $177.42. The stock had a trading volume of 3,155,699 shares, compared to its average volume of 4,907,631. T-Mobile US, Inc. has a 52 week low of $131.47 and a 52 week high of $182.67. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.94 and a quick ratio of 0.86. The business has a fifty day moving average price of $169.23 and a 200-day moving average price of $164.26. The firm has a market cap of $207.91 billion, a P/E ratio of 24.02, a PEG ratio of 0.69 and a beta of 0.50.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.17. The business had revenue of $19.59 billion for the quarter, compared to analysts’ expectations of $19.81 billion. T-Mobile US had a return on equity of 13.61% and a net margin of 11.15%. The firm’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.58 EPS. On average, equities research analysts expect that T-Mobile US, Inc. will post 9.02 EPS for the current year.

T-Mobile US Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 1.47%. T-Mobile US’s dividend payout ratio is 35.37%.

Analyst Ratings Changes

A number of research firms recently weighed in on TMUS. KeyCorp upped their target price on shares of T-Mobile US from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. Royal Bank of Canada raised their target price on T-Mobile US from $184.00 to $188.00 and gave the company an “outperform” rating in a report on Friday, April 26th. TD Cowen decreased their price target on T-Mobile US from $204.00 to $202.00 and set a “buy” rating for the company in a report on Friday, April 26th. Benchmark restated a “buy” rating and set a $200.00 price objective on shares of T-Mobile US in a research note on Wednesday, May 29th. Finally, StockNews.com upgraded shares of T-Mobile US from a “hold” rating to a “buy” rating in a research note on Thursday, June 13th. Fourteen equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $190.36.

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.