Commerce Bank Buys 8,547 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Commerce Bank grew its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 1.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 695,177 shares of the Wireless communications provider’s stock after acquiring an additional 8,547 shares during the quarter. T-Mobile US accounts for 0.8% of Commerce Bank’s holdings, making the stock its 25th biggest position. Commerce Bank’s holdings in T-Mobile US were worth $111,458,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Private Wealth Management Group LLC bought a new stake in T-Mobile US in the fourth quarter valued at approximately $27,000. Valley National Advisers Inc. grew its holdings in shares of T-Mobile US by 232.1% in the 4th quarter. Valley National Advisers Inc. now owns 176 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 123 shares during the period. Baker Avenue Asset Management LP increased its position in shares of T-Mobile US by 63.3% in the 3rd quarter. Baker Avenue Asset Management LP now owns 209 shares of the Wireless communications provider’s stock valued at $29,000 after buying an additional 81 shares in the last quarter. Bay Harbor Wealth Management LLC acquired a new stake in T-Mobile US during the 4th quarter worth $34,000. Finally, Raleigh Capital Management Inc. lifted its holdings in T-Mobile US by 54.5% during the third quarter. Raleigh Capital Management Inc. now owns 255 shares of the Wireless communications provider’s stock worth $36,000 after acquiring an additional 90 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Stock Performance

T-Mobile US stock traded down $0.56 during midday trading on Thursday, reaching $164.94. 1,921,485 shares of the company’s stock were exchanged, compared to its average volume of 4,459,095. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.86 and a current ratio of 0.94. The stock’s 50-day simple moving average is $162.48 and its 200 day simple moving average is $159.85. The firm has a market cap of $193.28 billion, a price-to-earnings ratio of 22.41, a P/E/G ratio of 0.64 and a beta of 0.48. T-Mobile US, Inc. has a 52 week low of $124.92 and a 52 week high of $168.64.

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, topping analysts’ consensus estimates of $1.83 by $0.17. The business had revenue of $19.59 billion for the quarter, compared to analyst estimates of $19.81 billion. T-Mobile US had a return on equity of 13.61% and a net margin of 11.15%. The firm’s revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.58 EPS. On average, analysts expect that T-Mobile US, Inc. will post 9.02 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. Shareholders of record on Friday, May 31st will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 1.58%. The ex-dividend date is Friday, May 31st. T-Mobile US’s dividend payout ratio (DPR) is 35.37%.

Insider Buying and Selling

In related news, insider Callie R. Field sold 5,844 shares of the business’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $168.44, for a total value of $984,363.36. Following the completion of the transaction, the insider now owns 102,555 shares of the company’s stock, valued at $17,274,364.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Telekom Ag Deutsche sold 189,670 shares of the business’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $163.98, for a total transaction of $31,102,086.60. Following the sale, the director now owns 675,072,321 shares in the company, valued at approximately $110,698,359,197.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Callie R. Field sold 5,844 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $168.44, for a total value of $984,363.36. Following the completion of the transaction, the insider now directly owns 102,555 shares of the company’s stock, valued at approximately $17,274,364.20. The disclosure for this sale can be found here. Insiders have sold 6,835,010 shares of company stock valued at $1,112,834,913 over the last 90 days. 0.67% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

TMUS has been the topic of a number of research analyst reports. Morgan Stanley raised their price target 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. KeyCorp lifted their price target on T-Mobile US from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. StockNews.com raised T-Mobile US from a “hold” rating to a “buy” rating in a research report on Thursday, May 16th. Royal Bank of Canada lifted their target price on T-Mobile US from $184.00 to $188.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Finally, TD Cowen reduced their price target on T-Mobile US from $204.00 to $202.00 and set a “buy” rating for the company in a research report on Friday, April 26th. Fourteen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $186.33.

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.