T-Mobile US, Inc. (NASDAQ:TMUS) Shares Purchased by Chesapeake Wealth Management

Chesapeake Wealth Management raised its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 3.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 5,224 shares of the Wireless communications provider’s stock after acquiring an additional 162 shares during the period. Chesapeake Wealth Management’s holdings in T-Mobile US were worth $1,078,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in TMUS. KPP Advisory Services LLC raised its position in shares of T-Mobile US by 2.6% during the 3rd quarter. KPP Advisory Services LLC now owns 1,744 shares of the Wireless communications provider’s stock valued at $360,000 after buying an additional 45 shares during the period. DT Investment Partners LLC increased its stake in T-Mobile US by 65.3% during the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 47 shares during the last quarter. Davis Investment Partners LLC lifted its stake in shares of T-Mobile US by 0.6% in the 3rd quarter. Davis Investment Partners LLC now owns 8,223 shares of the Wireless communications provider’s stock valued at $1,711,000 after purchasing an additional 51 shares during the last quarter. Barden Capital Management Inc. lifted its stake in shares of T-Mobile US by 0.8% in the 3rd quarter. Barden Capital Management Inc. now owns 6,824 shares of the Wireless communications provider’s stock valued at $1,408,000 after purchasing an additional 54 shares during the last quarter. Finally, Compton Wealth Advisory Group LLC grew its holdings in shares of T-Mobile US by 0.4% during the 2nd quarter. Compton Wealth Advisory Group LLC now owns 15,009 shares of the Wireless communications provider’s stock worth $2,644,000 after purchasing an additional 56 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on TMUS shares. Tigress Financial increased their target price on shares of T-Mobile US from $205.00 to $235.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. Daiwa America raised shares of T-Mobile US to a “hold” rating in a research report on Friday, October 25th. Bank of America boosted their target price on T-Mobile US from $220.00 to $240.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Morgan Stanley raised their price target on T-Mobile US from $209.00 to $239.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. Finally, Benchmark lifted their price objective on T-Mobile US from $250.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Three equities research 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.com, the company has an average rating of “Moderate Buy” and a consensus target price of $241.83.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director Raul Marcelo Claure sold 1,572 shares of T-Mobile US stock in a transaction on Monday, September 9th. The shares were sold at an average price of $196.00, for a total value of $308,112.00. Following the transaction, the director now directly owns 1,824,632 shares in the company, valued at approximately $357,627,872. The trade was a 0.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Michael J. Katz sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $205.30, for a total value of $615,900.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 455,338 shares of company stock worth $95,539,866. 0.67% of the stock is owned by insiders.

T-Mobile US Stock Up 0.6 %

TMUS stock opened at $237.03 on Tuesday. The stock has a market cap of $275.07 billion, a P/E ratio of 27.03, a PEG ratio of 1.20 and a beta of 0.50. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23. T-Mobile US, Inc. has a twelve month low of $147.24 and a twelve month high of $242.43. The company’s 50 day moving average is $216.71 and its two-hundred day moving average is $193.34.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data 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 net margin of 12.96% and a return on equity of 16.35%. The company had revenue of $20.16 billion during the quarter, compared to the consensus estimate of $20.01 billion. During the same quarter in the prior year, the firm posted $1.82 earnings per share. T-Mobile US’s revenue for the quarter was up 4.7% on a year-over-year basis. Research analysts expect that T-Mobile US, Inc. will post 9.38 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be given a dividend of $0.88 per share. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $3.52 annualized dividend and a yield of 1.49%. T-Mobile US’s payout ratio is 29.65%.

T-Mobile US 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.