Wedbush Securities Inc. Has $1.74 Million Stock Holdings in T-Mobile US, Inc. $TMUS

Wedbush Securities Inc. increased its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 14.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 7,319 shares of the Wireless communications provider’s stock after buying an additional 940 shares during the period. Wedbush Securities Inc.’s holdings in T-Mobile US were worth $1,744,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Activest Wealth Management grew its position in shares of T-Mobile US by 9,400.0% in the first quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 94 shares during the last quarter. Missouri Trust & Investment Co lifted its holdings in T-Mobile US by 807.7% during the 2nd quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 105 shares during the last quarter. Stone House Investment Management LLC bought a new stake in T-Mobile US in the 1st quarter valued at $29,000. Aspect Partners LLC boosted its stake in T-Mobile US by 112.1% in the 2nd 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 during the period. Finally, TCTC Holdings LLC grew its holdings in T-Mobile US by 208.1% in the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider’s stock valued at $30,000 after buying an additional 77 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Trading Up 3.0%

TMUS opened at $207.00 on Friday. The stock has a market capitalization of $231.53 billion, a price-to-earnings ratio of 19.90, a P/E/G ratio of 1.51 and a beta of 0.57. The company has a quick ratio of 0.80, a current ratio of 0.89 and a debt-to-equity ratio of 1.37. T-Mobile US, Inc. has a twelve month low of $199.41 and a twelve month high of $276.49. The company has a 50-day simple moving average of $230.49 and a 200 day simple moving average of $237.05.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 EPS for the quarter, beating the consensus estimate of $2.40 by $0.01. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. The firm had revenue of $21.96 billion for the quarter, compared to analyst estimates of $21.61 billion. During the same period last year, the firm earned $2.61 EPS. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. Analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be given a dividend of $1.02 per share. This is an increase from T-Mobile US’s previous quarterly dividend of $0.88. This represents a $4.08 annualized dividend and a yield of 2.0%. The ex-dividend date is Wednesday, November 26th. T-Mobile US’s dividend payout ratio (DPR) is presently 39.23%.

Insiders Place Their Bets

In other T-Mobile US news, Director Telekom Ag Deutsche sold 1,374 shares of the firm’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $220.46, for a total value of $302,912.04. Following the sale, the director owned 582,065,875 shares of the company’s stock, valued at approximately $128,322,242,802.50. This trade represents a 0.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold 2,113,221 shares of company stock worth $506,386,034 in the last three months. 0.37% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

TMUS has been the subject of a number of research reports. Wolfe Research dropped their target price on T-Mobile US from $300.00 to $290.00 and set an “outperform” rating for the company in a report on Tuesday, September 30th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of T-Mobile US in a research report on Friday, October 24th. HSBC upgraded shares of T-Mobile US from a “hold” rating to a “buy” rating and set a $285.00 price objective for the company in a research note on Friday, October 24th. Deutsche Bank Aktiengesellschaft increased their target price on shares of T-Mobile US from $280.00 to $300.00 in a research report on Thursday, October 2nd. Finally, Benchmark raised their target price on shares of T-Mobile US from $275.00 to $295.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, T-Mobile US has an average rating of “Moderate Buy” and a consensus target price of $266.63.

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.