T-Mobile US, Inc. (NASDAQ:TMUS) Shares Purchased by Wedbush Securities Inc.

Wedbush Securities Inc. increased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 7.3% in the second quarter, HoldingsChannel.com reports. The firm owned 11,616 shares of the Wireless communications provider’s stock after acquiring an additional 792 shares during the quarter. Wedbush Securities Inc.’s holdings in T-Mobile US were worth $2,047,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. WASHINGTON TRUST Co boosted its stake in T-Mobile US by 143.1% in the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 83 shares in the last quarter. Summit Securities Group LLC acquired a new position in T-Mobile US in the second quarter valued at $27,000. Private Wealth Management Group LLC acquired a new position in T-Mobile US in the fourth quarter valued at $27,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in T-Mobile US in the second quarter valued at $30,000. Finally, Westside Investment Management Inc. boosted its stake in T-Mobile US by 75.8% in the first quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 75 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Trading Up 1.2 %

Shares of TMUS opened at $195.30 on Tuesday. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 1.22. The firm’s 50-day moving average is $188.47 and its two-hundred day moving average is $174.31. T-Mobile US, Inc. has a twelve month low of $135.82 and a twelve month high of $205.28. The firm has a market capitalization of $227.87 billion, a P/E ratio of 26.57, a PEG ratio of 0.72 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $19.77 billion for the quarter, compared to analyst estimates of $19.61 billion. During the same period in the prior year, the business posted $1.86 earnings per share. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. On average, research analysts predict that T-Mobile US, Inc. will post 9.18 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Friday, August 30th will be given a $0.65 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.60 annualized dividend and a dividend yield of 1.33%. T-Mobile US’s dividend payout ratio is presently 35.37%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Evercore ISI upgraded shares of T-Mobile US to a “hold” rating in a research note on Thursday, August 1st. Benchmark upped their target price on shares of T-Mobile US from $200.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Barclays upped their target price on shares of T-Mobile US from $180.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Bank of America upped their target price on shares of T-Mobile US from $175.00 to $195.00 and gave the company a “buy” rating in a report on Monday, June 10th. Finally, Scotiabank upped their target price on shares of T-Mobile US from $194.50 to $197.00 and gave the company a “sector outperform” rating in a report on Thursday, August 1st. One analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, T-Mobile US has a consensus rating of “Buy” and an average target price of $198.63.

Insider Activity

In other news, Director Telekom Ag Deutsche sold 135,969 shares of the stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $175.59, for a total value of $23,874,796.71. Following the sale, the director now directly owns 671,479,433 shares in the company, valued at $117,905,073,640.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Michael J. Katz sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $177.59, for a total transaction of $532,770.00. Following the sale, the insider now owns 122,687 shares in the company, valued at $21,787,984.33. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Telekom Ag Deutsche sold 135,969 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $175.59, for a total transaction of $23,874,796.71. Following the sale, the director now owns 671,479,433 shares in the company, valued at approximately $117,905,073,640.47. The disclosure for this sale can be found here. Insiders have sold 1,109,346 shares of company stock worth $198,743,322 over the last ninety days. 0.67% of the stock is currently owned by insiders.

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.