T-Mobile US, Inc. $TMUS Shares Bought by Cumberland Partners Ltd

Cumberland Partners Ltd lifted its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 189.0% during the third quarter, HoldingsChannel.com reports. The fund owned 15,895 shares of the Wireless communications provider’s stock after acquiring an additional 10,395 shares during the period. Cumberland Partners Ltd’s holdings in T-Mobile US were worth $3,805,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Howard Hughes Medical Institute purchased a new stake in T-Mobile US during the 2nd quarter valued at about $25,000. United Community Bank boosted its holdings in shares of T-Mobile US by 131.1% during the 3rd quarter. United Community Bank now owns 104 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 59 shares during the last quarter. Elevation Wealth Partners LLC grew its position in shares of T-Mobile US by 190.0% in the third quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 76 shares in the last quarter. Aspect Partners LLC grew its position in shares of T-Mobile US by 112.1% in the second quarter. Aspect Partners LLC now owns 123 shares of the Wireless communications provider’s stock valued at $29,000 after purchasing an additional 65 shares in the last quarter. Finally, CoreFirst Bank & Trust acquired a new stake in shares of T-Mobile US in the second quarter valued at approximately $31,000. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TMUS has been the topic of several recent research reports. Morgan Stanley lowered their price target on shares of 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. Tigress Financial boosted their target price on shares of T-Mobile US from $305.00 to $310.00 and gave the company a “buy” rating in a report on Tuesday, November 11th. Barclays increased their price target on shares of T-Mobile US from $240.00 to $245.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. Argus reduced their price target on shares of T-Mobile US from $275.00 to $245.00 and set a “buy” rating on the stock in a research report on Tuesday, December 9th. Finally, KeyCorp upgraded T-Mobile US from an “underweight” rating to a “sector weight” rating in a report on Tuesday, December 2nd. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $257.09.

Insider Activity

In related news, insider Mark Wolfe Nelson sold 6,274 shares of the stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $219.69, for a total transaction of $1,378,335.06. Following the transaction, the insider owned 68,006 shares of the company’s stock, valued at approximately $14,940,238.14. This represents a 8.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Raul Marcelo Claure sold 550,000 shares of T-Mobile US stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $217.57, for a total value of $119,663,500.00. Following the completion of the transaction, the director directly owned 891,204 shares of the company’s stock, valued at approximately $193,899,254.28. This represents a 38.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 567,971 shares of company stock valued at $123,609,263. 0.37% of the stock is currently owned by corporate insiders.

T-Mobile US Stock Performance

Shares of TMUS stock opened at $213.25 on Thursday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.90 and a current ratio of 1.00. The firm has a market cap of $234.97 billion, a P/E ratio of 21.96, a P/E/G ratio of 1.40 and a beta of 0.44. The firm’s 50 day moving average price is $197.88 and its 200-day moving average price is $218.35. T-Mobile US, Inc. has a one year low of $181.36 and a one year high of $276.49.

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. This represents a $4.08 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Friday, February 27th. T-Mobile US’s dividend payout ratio (DPR) is currently 42.02%.

T-Mobile US Company 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.