Keudell Morrison Wealth Management Raises Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Keudell Morrison Wealth Management increased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 10.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,418 shares of the Wireless communications provider’s stock after purchasing an additional 136 shares during the period. Keudell Morrison Wealth Management’s holdings in T-Mobile US were worth $293,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in TMUS. Kornitzer Capital Management Inc. KS grew its position in T-Mobile US by 30.9% in the third quarter. Kornitzer Capital Management Inc. KS now owns 2,404 shares of the Wireless communications provider’s stock valued at $496,000 after acquiring an additional 567 shares in the last quarter. Montecito Bank & Trust boosted its stake in shares of T-Mobile US by 23.3% in the third quarter. Montecito Bank & Trust now owns 3,413 shares of the Wireless communications provider’s stock valued at $704,000 after purchasing an additional 646 shares during the period. Principal Financial Group Inc. grew its holdings in T-Mobile US by 2.5% during the 3rd quarter. Principal Financial Group Inc. now owns 1,978,567 shares of the Wireless communications provider’s stock valued at $408,297,000 after purchasing an additional 47,350 shares in the last quarter. Jackson Square Capital LLC increased its stake in T-Mobile US by 3.0% during the 3rd quarter. Jackson Square Capital LLC now owns 30,666 shares of the Wireless communications provider’s stock worth $6,328,000 after buying an additional 899 shares during the period. Finally, Graypoint LLC lifted its holdings in T-Mobile US by 7.7% in the 3rd quarter. Graypoint LLC now owns 2,800 shares of the Wireless communications provider’s stock worth $578,000 after buying an additional 201 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Stock Performance

TMUS stock traded down $1.81 on Thursday, reaching $230.38. The company’s stock had a trading volume of 292,651 shares, compared to its average volume of 4,448,349. T-Mobile US, Inc. has a 52 week low of $145.77 and a 52 week high of $234.56. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99. The company has a market capitalization of $267.35 billion, a P/E ratio of 26.48, a price-to-earnings-growth ratio of 1.15 and a beta of 0.50. The firm has a fifty day moving average of $210.45 and a two-hundred day moving average of $189.05.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.29. The company had revenue of $20.16 billion during the quarter, compared to analysts’ expectations of $20.01 billion. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.82 earnings per share. As a group, analysts predict that T-Mobile US, Inc. will post 9.36 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be paid a $0.88 dividend. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend is Wednesday, November 27th. T-Mobile US’s dividend payout ratio is currently 29.65%.

Wall Street Analyst Weigh In

TMUS has been the topic of a number of analyst reports. Oppenheimer lifted their target price on T-Mobile US from $215.00 to $250.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Sanford C. Bernstein upgraded T-Mobile US to a “strong-buy” rating in a report on Wednesday, July 31st. Barclays increased their target price on T-Mobile US from $215.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Morgan Stanley lifted their price target on shares of T-Mobile US from $209.00 to $239.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. Finally, Royal Bank of Canada increased their price objective on shares of T-Mobile US from $232.00 to $255.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Three research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $241.83.

Insider Activity

In related news, insider Michael J. Katz sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $205.30, for a total transaction of $615,900.00. Following the sale, the insider now owns 119,687 shares of the company’s stock, valued at $24,571,741.10. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Michael J. Katz sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $205.30, for a total transaction of $615,900.00. Following the completion of the transaction, the insider now owns 119,687 shares of the company’s stock, valued at $24,571,741.10. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO G Michael Sievert sold 20,000 shares of the business’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $194.57, for a total transaction of $3,891,400.00. Following the completion of the sale, the chief executive officer now owns 418,124 shares in the company, valued at approximately $81,354,386.68. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 453,824 shares of company stock worth $94,003,400 over the last three months. Corporate insiders own 0.67% of the company’s stock.

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.