TD Waterhouse Canada Inc. Increases Stock Position in T-Mobile US, Inc. $TMUS

TD Waterhouse Canada Inc. boosted its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 9.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 42,510 shares of the Wireless communications provider’s stock after buying an additional 3,794 shares during the period. TD Waterhouse Canada Inc.’s holdings in T-Mobile US were worth $9,926,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Weaver Capital Management LLC increased its position in shares of T-Mobile US by 0.6% during the 2nd quarter. Weaver Capital Management LLC now owns 6,737 shares of the Wireless communications provider’s stock valued at $1,605,000 after purchasing an additional 42 shares during the last quarter. Haven Private LLC increased its stake in T-Mobile US by 1.3% in the 2nd quarter. Haven Private LLC now owns 3,186 shares of the Wireless communications provider’s stock worth $759,000 after buying an additional 42 shares during the period. Richardson Financial Services Inc. increased its position in shares of T-Mobile US by 0.9% during the second quarter. Richardson Financial Services Inc. now owns 4,899 shares of the Wireless communications provider’s stock worth $1,183,000 after acquiring an additional 45 shares during the period. Cetera Trust Company N.A increased its holdings in T-Mobile US by 0.4% during the 2nd quarter. Cetera Trust Company N.A now owns 12,018 shares of the Wireless communications provider’s stock worth $2,863,000 after purchasing an additional 45 shares during the period. Finally, L2 Asset Management LLC raised its holdings in shares of T-Mobile US by 2.2% in the second quarter. L2 Asset Management LLC now owns 2,082 shares of the Wireless communications provider’s stock valued at $496,000 after acquiring an additional 45 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. TD Cowen restated a “buy” rating on shares of T-Mobile US in a report on Friday, October 24th. Moffett Nathanson upped their price objective on shares of T-Mobile US from $210.00 to $230.00 and gave the company a “neutral” rating in a report on Thursday, October 2nd. Morgan Stanley cut their target price on T-Mobile US from $280.00 to $260.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 10th. Zacks Research upgraded shares of T-Mobile US from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 26th. Finally, Oppenheimer lowered T-Mobile US from an “outperform” rating to a “market perform” rating in a research note on Friday, November 21st. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $256.36.

T-Mobile US Stock Performance

TMUS opened at $189.28 on Friday. The firm has a market capitalization of $211.71 billion, a PE ratio of 18.20, a PEG ratio of 1.03 and a beta of 0.45. The firm’s 50-day moving average price is $198.01 and its 200 day moving average price is $221.27. T-Mobile US, Inc. has a twelve month low of $181.36 and a twelve month high of $276.49. The company has a current ratio of 0.89, a quick ratio of 0.80 and a debt-to-equity ratio of 1.37.

T-Mobile US Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Friday, February 27th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $4.08 annualized dividend and a dividend yield of 2.2%. T-Mobile US’s payout ratio is presently 39.23%.

Insider Activity

In related news, Director G Michael Sievert sold 22,500 shares of the firm’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $216.97, for a total transaction of $4,881,825.00. Following the completion of the sale, the director directly owned 308,696 shares of the company’s stock, valued at approximately $66,977,771.12. This trade represents a 6.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Srini Gopalan purchased 9,800 shares of the company’s stock in a transaction on Thursday, November 6th. The shares were bought at an average price of $201.82 per share, with a total value of $1,977,836.00. Following the completion of the transaction, the chief executive officer owned 90,258 shares of the company’s stock, valued at approximately $18,215,869.56. The trade was a 12.18% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders sold 51,457 shares of company stock worth $11,149,636. Corporate insiders own 0.37% of the company’s stock.

T-Mobile US Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.