Cerity Partners LLC Acquires 36,374 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Cerity Partners LLC boosted its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 136.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,967 shares of the Wireless communications provider’s stock after purchasing an additional 36,374 shares during the period. Cerity Partners LLC’s holdings in T-Mobile US were worth $10,096,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. BluePath Capital Management LLC acquired a new stake in T-Mobile US in the third quarter valued at $26,000. Valley National Advisers Inc. lifted its stake in T-Mobile US by 232.1% in the fourth quarter. Valley National Advisers Inc. now owns 176 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 123 shares during the last quarter. Baker Avenue Asset Management LP lifted its stake in T-Mobile US by 63.3% in the third quarter. Baker Avenue Asset Management LP now owns 209 shares of the Wireless communications provider’s stock valued at $29,000 after acquiring an additional 81 shares during the last quarter. SkyView Investment Advisors LLC acquired a new stake in T-Mobile US in the first quarter valued at $31,000. Finally, Bay Harbor Wealth Management LLC acquired a new stake in T-Mobile US in the fourth quarter valued at $34,000. Institutional investors own 42.49% of the company’s stock.

Insider Activity at T-Mobile US

In related news, insider Callie R. Field sold 5,844 shares of T-Mobile US stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $168.44, for a total transaction of $984,363.36. Following the sale, the insider now directly owns 102,555 shares of the company’s stock, valued at approximately $17,274,364.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Callie R. Field sold 5,844 shares of T-Mobile US stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $168.44, for a total transaction of $984,363.36. Following the sale, the insider now directly owns 102,555 shares of the company’s stock, valued at approximately $17,274,364.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO G Michael Sievert sold 40,000 shares of T-Mobile US stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $161.05, for a total transaction of $6,442,000.00. Following the sale, the chief executive officer now directly owns 496,036 shares in the company, valued at $79,886,597.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,884,080 shares of company stock valued at $956,514,564. 0.70% of the stock is owned by insiders.

T-Mobile US Price Performance

TMUS stock opened at $160.05 on Monday. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.18. T-Mobile US, Inc. has a 12 month low of $124.92 and a 12 month high of $168.64. The firm has a market cap of $189.96 billion, a P/E ratio of 23.10, a P/E/G ratio of 0.65 and a beta of 0.49. The company’s 50-day moving average price is $162.38 and its two-hundred day moving average price is $155.60.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Thursday, January 25th. The Wireless communications provider reported $1.67 EPS for the quarter, missing the consensus estimate of $1.90 by ($0.23). T-Mobile US had a net margin of 10.59% and a return on equity of 12.69%. The firm had revenue of $20.48 billion during the quarter, compared to the consensus estimate of $19.67 billion. During the same period in the prior year, the business earned $1.18 earnings per share. T-Mobile US’s quarterly revenue was up 1.0% compared to the same quarter last year. On average, analysts anticipate that T-Mobile US, Inc. will post 8.95 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Friday, May 31st will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend is Friday, May 31st. T-Mobile US’s dividend payout ratio (DPR) is presently 37.52%.

Analyst Upgrades and Downgrades

A number of analysts have commented on TMUS shares. Tigress Financial increased their price target on shares of T-Mobile US from $204.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. Benchmark restated a “buy” rating and set a $200.00 target price on shares of T-Mobile US in a research note on Friday, January 26th. Morgan Stanley raised their target price on shares of T-Mobile US from $180.00 to $186.00 and gave the stock an “overweight” rating in a research note on Monday, January 29th. KeyCorp cut their target price on shares of T-Mobile US from $183.00 to $175.00 and set an “overweight” rating for the company in a research note on Friday, January 26th. Finally, Citigroup raised their target price on shares of T-Mobile US from $176.00 to $184.00 and gave the stock a “buy” rating in a research note on Monday, March 25th. One analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, T-Mobile US presently has an average rating of “Buy” and an average target price of $185.93.

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.