Blue Chip Partners LLC Buys Shares of 638 T-Mobile US, Inc. (NASDAQ:TMUS)

Blue Chip Partners LLC purchased a new position in T-Mobile US, Inc. (NASDAQ:TMUS) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 638 shares of the Wireless communications provider’s stock, valued at approximately $102,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Clearbridge Investments LLC raised its position in T-Mobile US by 243.9% in the third quarter. Clearbridge Investments LLC now owns 2,920,668 shares of the Wireless communications provider’s stock worth $409,040,000 after acquiring an additional 2,071,489 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in shares of T-Mobile US by 90.5% in the third quarter. Canada Pension Plan Investment Board now owns 2,506,127 shares of the Wireless communications provider’s stock worth $350,983,000 after buying an additional 1,190,813 shares during the period. Third Point LLC acquired a new stake in shares of T-Mobile US in the third quarter worth $140,050,000. Royal Bank of Canada boosted its position in shares of T-Mobile US by 7.1% in the third quarter. Royal Bank of Canada now owns 10,505,308 shares of the Wireless communications provider’s stock worth $1,471,269,000 after buying an additional 693,443 shares during the period. Finally, Principal Financial Group Inc. boosted its position in shares of T-Mobile US by 67.3% in the third quarter. Principal Financial Group Inc. now owns 1,614,036 shares of the Wireless communications provider’s stock worth $226,046,000 after buying an additional 649,178 shares during the period. 42.49% of the stock is currently owned by institutional investors.

Insider Transactions at T-Mobile US

In other news, insider Michael J. Katz sold 6,655 shares of T-Mobile US stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $161.23, for a total value of $1,072,985.65. Following the transaction, the insider now directly owns 126,616 shares in the company, valued at $20,414,297.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Michael J. Katz sold 6,655 shares of T-Mobile US stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $161.23, for a total value of $1,072,985.65. Following the transaction, the insider now directly owns 126,616 shares in the company, valued at $20,414,297.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Telekom Ag Deutsche sold 189,670 shares of T-Mobile US stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $163.26, for a total value of $30,965,524.20. Following the sale, the director now directly owns 678,107,041 shares in the company, valued at $110,707,755,513.66. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,985,409 shares of company stock worth $971,083,803. Company insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TMUS. Morgan Stanley raised their target price on T-Mobile US from $180.00 to $186.00 and gave the stock an “overweight” rating in a research report on Monday, January 29th. Tigress Financial raised their target price on T-Mobile US from $204.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Raymond James raised their target price on T-Mobile US from $180.00 to $185.00 and gave the stock a “strong-buy” rating in a research report on Friday, January 26th. TD Cowen reduced their price objective on T-Mobile US from $204.00 to $202.00 and set a “buy” rating for the company in a research report on Friday. Finally, Royal Bank of Canada lifted their price objective on T-Mobile US from $184.00 to $188.00 and gave the company an “outperform” rating in a research report on Friday. One equities research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $186.33.

T-Mobile US Price Performance

NASDAQ TMUS opened at $164.25 on Tuesday. T-Mobile US, Inc. has a fifty-two week low of $124.92 and a fifty-two week high of $168.64. The stock’s 50-day moving average is $162.58 and its two-hundred day moving average is $157.34. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.94 and a quick ratio of 0.86. The firm has a market cap of $194.94 billion, a P/E ratio of 22.35, a price-to-earnings-growth ratio of 0.67 and a beta of 0.49.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.17. T-Mobile US had a return on equity of 13.61% and a net margin of 11.15%. The company had revenue of $19.59 billion for the quarter, compared to analyst estimates of $19.81 billion. During the same period last year, the company earned $1.58 earnings per share. The business’s revenue was down .2% compared to the same quarter last year. On average, analysts anticipate that T-Mobile US, Inc. will post 8.97 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Friday, May 31st will be paid a $0.65 dividend. The ex-dividend date is Friday, May 31st. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.58%. T-Mobile US’s payout ratio is presently 35.37%.

T-Mobile US Company 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.