T-Mobile US, Inc. $TMUS Stock Holdings Boosted by Cornerstone Wealth Group LLC

Cornerstone Wealth Group LLC grew its position in shares of T-Mobile US, Inc. (NASDAQ:TMUSFree Report) by 33.1% during the 1st quarter, Holdings Channel reports. The firm owned 25,450 shares of the Wireless communications provider’s stock after purchasing an additional 6,324 shares during the period. Cornerstone Wealth Group LLC’s holdings in T-Mobile US were worth $4,973,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of TMUS. Price T Rowe Associates Inc. MD boosted its stake in T-Mobile US by 30.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,795,065 shares of the Wireless communications provider’s stock valued at $5,643,511,000 after buying an additional 6,516,968 shares in the last quarter. State Street Corp grew its holdings in T-Mobile US by 4.3% during the fourth quarter. State Street Corp now owns 25,281,709 shares of the Wireless communications provider’s stock worth $5,133,198,000 after acquiring an additional 1,047,624 shares during the period. Capital International Investors raised its position in T-Mobile US by 8.2% in the fourth quarter. Capital International Investors now owns 14,847,697 shares of the Wireless communications provider’s stock worth $3,014,754,000 after acquiring an additional 1,121,409 shares in the last quarter. Wellington Management Group LLP raised its position in T-Mobile US by 47.5% in the third quarter. Wellington Management Group LLP now owns 13,461,669 shares of the Wireless communications provider’s stock worth $3,222,454,000 after acquiring an additional 4,335,368 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in T-Mobile US by 10.5% in the 4th quarter. Invesco Ltd. now owns 8,730,485 shares of the Wireless communications provider’s stock valued at $1,772,638,000 after acquiring an additional 827,381 shares during the last quarter. Institutional investors own 42.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. The Goldman Sachs Group restated a “buy” rating on shares of T-Mobile US in a research report on Wednesday, April 29th. Morgan Stanley initiated coverage on shares of T-Mobile US in a report on Thursday, April 16th. They issued an “overweight” rating and a $260.00 target price on the stock. Freedom Capital raised shares of T-Mobile US from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 17th. Barclays restated a “buy” rating on shares of T-Mobile US in a report on Friday, April 24th. Finally, Moffett Nathanson upgraded shares of T-Mobile US from a “neutral” rating to a “buy” rating and set a $254.00 price target on the stock in a research report on Wednesday, April 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $260.27.

Check Out Our Latest Research Report on TMUS

More T-Mobile US News

Here are the key news stories impacting T-Mobile US this week:

T-Mobile US Trading Up 0.6%

NASDAQ:TMUS opened at $182.68 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.58. T-Mobile US, Inc. has a 1-year low of $174.02 and a 1-year high of $261.56. The firm has a market capitalization of $197.70 billion, a price-to-earnings ratio of 19.43, a price-to-earnings-growth ratio of 1.06 and a beta of 0.31. The stock has a fifty day simple moving average of $188.24 and a 200 day simple moving average of $197.93.

T-Mobile US (NASDAQ:TMUSGet Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.01 by $0.26. T-Mobile US had a return on equity of 19.47% and a net margin of 11.65%.The firm had revenue of $23.11 billion for the quarter, compared to the consensus estimate of $22.98 billion. During the same quarter in the previous year, the company earned $2.58 EPS. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. Sell-side analysts forecast that T-Mobile US, Inc. will post 10.65 earnings per share for the current year.

T-Mobile US Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 28th will be given a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, August 28th. T-Mobile US’s dividend payout ratio (DPR) is 43.40%.

Insider Activity

In other news, COO Jon Freier sold 4,799 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $190.00, for a total transaction of $911,810.00. Following the sale, the chief operating officer owned 217,168 shares in the company, valued at $41,261,920. The trade was a 2.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Andre Almeida purchased 5,097 shares of T-Mobile US stock in a transaction that occurred on Friday, May 1st. The stock was purchased at an average price of $196.18 per share, with a total value of $999,929.46. Following the transaction, the insider owned 44,850 shares in the company, valued at $8,798,673. This represents a 12.82% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.32% of the stock is owned by company insiders.

T-Mobile US Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for T-Mobile US (NASDAQ:TMUS)

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