Crewe Advisors LLC Takes Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Crewe Advisors LLC purchased a new position in T-Mobile US, Inc. (NASDAQ:TMUS) during the first quarter, Holdings Channel.com reports. The fund purchased 715 shares of the Wireless communications provider’s stock, valued at approximately $117,000.

Other institutional investors have also bought and sold shares of the company. Norges Bank purchased a new position in shares of T-Mobile US in the fourth quarter worth about $3,338,708,000. Wellington Management Group LLP boosted its holdings in T-Mobile US by 200.0% in the 4th quarter. Wellington Management Group LLP now owns 6,362,601 shares of the Wireless communications provider’s stock worth $1,020,116,000 after buying an additional 4,241,877 shares during the period. Putnam Investments LLC grew its stake 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 valued at $631,575,000 after buying an additional 1,682,743 shares in the last quarter. Vanguard Group Inc. raised its holdings in T-Mobile US by 3.8% during 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 during the period. Finally, Clearbridge Investments LLC lifted its position in shares of T-Mobile US by 18.8% during the first quarter. Clearbridge Investments LLC now owns 3,652,486 shares of the Wireless communications provider’s stock worth $596,159,000 after acquiring an additional 578,348 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Bank of America increased their price objective on T-Mobile US from $175.00 to $195.00 and gave the stock a “buy” rating in a report on Monday, June 10th. Deutsche Bank Aktiengesellschaft increased their price target on shares of T-Mobile US from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. The Goldman Sachs Group began coverage on shares of T-Mobile US in a research note on Monday, July 1st. They set a “buy” rating and a $200.00 price objective for the company. Citigroup increased their target price on shares of T-Mobile US from $184.00 to $210.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Finally, Benchmark restated a “buy” rating and set a $200.00 price target on shares of T-Mobile US in a research report on Wednesday, May 29th. One analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $194.07.

T-Mobile US Price Performance

Shares of TMUS traded down $1.75 during midday trading on Thursday, reaching $175.14. The stock had a trading volume of 4,166,040 shares, compared to its average volume of 4,752,457. The company has a current ratio of 0.94, a quick ratio of 0.86 and a debt-to-equity ratio of 1.25. The company has a market capitalization of $205.24 billion, a price-to-earnings ratio of 23.83, a price-to-earnings-growth ratio of 0.72 and a beta of 0.51. The company’s 50-day moving average is $175.87 and its 200 day moving average is $167.26. T-Mobile US, Inc. has a 12-month low of $131.47 and a 12-month high of $185.42.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.17. The business had revenue of $19.59 billion during the quarter, compared to analyst estimates of $19.81 billion. T-Mobile US had a return on equity of 13.61% and a net margin of 11.15%. T-Mobile US’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.58 earnings per share. On average, equities analysts predict that T-Mobile US, Inc. will post 8.99 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Friday, August 30th will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend is Friday, August 30th. T-Mobile US’s dividend payout ratio is currently 35.37%.

Insider Buying and Selling

In other news, Director Telekom Ag Deutsche sold 189,670 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $162.43, for a total value of $30,808,098.10. Following the completion of the sale, the director now owns 676,969,021 shares of the company’s stock, valued at approximately $109,960,078,081.03. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Telekom Ag Deutsche sold 189,670 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $162.43, for a total transaction of $30,808,098.10. Following the completion of the sale, the director now directly owns 676,969,021 shares in the company, valued at $109,960,078,081.03. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Peter Osvaldik sold 10,000 shares of the business’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $180.98, for a total transaction of $1,809,800.00. Following the transaction, the chief financial officer now directly owns 81,307 shares in the company, valued at $14,714,940.86. The disclosure for this sale can be found here. Insiders have sold a total of 4,768,468 shares of company stock worth $808,635,881 in the last 90 days. 0.67% of the stock is owned by company insiders.

About T-Mobile US

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.