Greystone Financial Group LLC Acquires Shares of 35,763 T-Mobile US, Inc. $TMUS

Greystone Financial Group LLC bought a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 35,763 shares of the Wireless communications provider’s stock, valued at approximately $8,561,000.

A number of other hedge funds also recently modified their holdings of the stock. Howard Hughes Medical Institute bought a new stake in T-Mobile US during the second quarter worth about $25,000. Missouri Trust & Investment Co lifted its holdings in shares of 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 acquiring an additional 105 shares during the period. Elevation Wealth Partners LLC boosted its position in shares of T-Mobile US by 190.0% during the 3rd quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 76 shares in the last quarter. Aspect Partners LLC boosted its position in shares of T-Mobile US by 112.1% during the 2nd quarter. Aspect Partners LLC now owns 123 shares of the Wireless communications provider’s stock worth $29,000 after acquiring an additional 65 shares in the last quarter. Finally, CoreFirst Bank & Trust bought a new position in T-Mobile US in the second quarter valued at approximately $31,000. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Down 1.7%

Shares of NASDAQ TMUS opened at $199.58 on Monday. The company has a 50 day simple moving average of $205.73 and a 200 day simple moving average of $226.72. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.89 and a quick ratio of 0.80. T-Mobile US, Inc. has a 1 year low of $194.01 and a 1 year high of $276.49. The firm has a market cap of $223.23 billion, a PE ratio of 19.19, a price-to-earnings-growth ratio of 1.17 and a beta of 0.45.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.40 by $0.01. The firm had revenue of $21.96 billion during the quarter, compared to analysts’ expectations of $21.61 billion. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. The company’s revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the company posted $2.61 EPS. On average, research analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Investors 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 yield of 2.0%. The ex-dividend date of this dividend is Friday, February 27th. T-Mobile US’s dividend payout ratio (DPR) is currently 39.23%.

Analysts Set New Price Targets

TMUS has been the subject of several recent analyst reports. TD Cowen cut their target price on T-Mobile US from $291.00 to $263.00 and set a “buy” rating for the company in a research note on Friday, October 24th. BNP Paribas Exane raised their price objective on T-Mobile US from $290.00 to $305.00 and gave the company an “outperform” rating in a research note on Monday, October 6th. Citigroup decreased their target price on T-Mobile US from $268.00 to $220.00 and set a “neutral” rating on the stock in a research report on Friday, December 19th. Williams Trading set a $263.00 target price on T-Mobile US in a research note on Friday, October 24th. Finally, Sanford C. Bernstein restated a “neutral” rating on shares of T-Mobile US in a research note on Monday, December 22nd. Three research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat, T-Mobile US presently has a consensus rating of “Moderate Buy” and a consensus price target of $260.17.

Insider Buying and Selling

In other T-Mobile US news, Director Telekom Ag Deutsche sold 64,426 shares of the company’s stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $226.17, for a total value of $14,571,228.42. Following the sale, the director owned 582,220,759 shares in the company, valued at approximately $131,680,869,063.03. The trade was a 0.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Over the last 90 days, insiders sold 657,323 shares of company stock worth $147,921,356. 0.37% of the stock is currently owned by insiders.

T-Mobile US 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.