Cooper Financial Group Boosts Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Cooper Financial Group grew its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 16.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,104 shares of the Wireless communications provider’s stock after purchasing an additional 722 shares during the quarter. Cooper Financial Group’s holdings in T-Mobile US were worth $833,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Norges Bank purchased a new position in shares of T-Mobile US in the fourth quarter valued at approximately $3,338,708,000. Morgan Stanley boosted its stake in shares of T-Mobile US by 0.9% in the third quarter. Morgan Stanley now owns 11,255,490 shares of the Wireless communications provider’s stock valued at $1,576,332,000 after purchasing an additional 104,490 shares during the period. Royal Bank of Canada boosted its stake 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 valued at $1,471,269,000 after purchasing an additional 693,443 shares during the period. Wellington Management Group LLP lifted its stake in T-Mobile US by 200.0% in the fourth quarter. Wellington Management Group LLP now owns 6,362,601 shares of the Wireless communications provider’s stock worth $1,020,116,000 after acquiring an additional 4,241,877 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in T-Mobile US by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,258,386 shares of the Wireless communications provider’s stock worth $682,699,000 after acquiring an additional 23,800 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TMUS. Oppenheimer reiterated an “outperform” rating and issued a $190.00 price target on shares of T-Mobile US in a research note on Wednesday, April 3rd. Benchmark reiterated a “buy” rating and issued a $200.00 price target on shares of T-Mobile US in a research note on Wednesday, May 29th. Royal Bank of Canada lifted their price target on shares of T-Mobile US from $184.00 to $188.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Bank of America lifted their price target on shares of T-Mobile US from $175.00 to $195.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. Finally, TD Cowen cut their price objective on shares of T-Mobile US from $204.00 to $202.00 and set a “buy” rating on the stock in a report on Friday, April 26th. Fourteen analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $190.36.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, CAO Dara Bazzano sold 4,300 shares of the business’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $179.78, for a total value of $773,054.00. Following the transaction, the chief accounting officer now directly owns 6,202 shares of the company’s stock, valued at approximately $1,114,995.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other T-Mobile US news, CAO Dara Bazzano sold 4,300 shares of the business’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $179.78, for a total transaction of $773,054.00. Following the sale, the chief accounting officer now directly owns 6,202 shares in the company, valued at approximately $1,114,995.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Telekom Ag Deutsche sold 189,670 shares of the business’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $161.87, for a total transaction of $30,701,882.90. Following the sale, the director now owns 681,995,476 shares in the company, valued at $110,394,607,700.12. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,434,996 shares of company stock valued at $1,069,616,724. 0.67% of the stock is owned by company insiders.

T-Mobile US Stock Performance

Shares of T-Mobile US stock opened at $176.73 on Monday. 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 stock has a market capitalization of $207.10 billion, a price-to-earnings ratio of 24.04, a PEG ratio of 0.69 and a beta of 0.50. The firm’s fifty day simple moving average is $168.19 and its 200-day simple moving average is $163.87. T-Mobile US, Inc. has a 12 month low of $131.47 and a 12 month high of $182.67.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.17. The company had revenue of $19.59 billion for the quarter, compared to analysts’ expectations of $19.81 billion. T-Mobile US had a net margin of 11.15% and a return on equity of 13.61%. T-Mobile US’s revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.58 EPS. As a group, equities analysts forecast that T-Mobile US, Inc. will post 9.02 earnings per share for the current year.

T-Mobile US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Friday, August 30th will be paid a $0.65 dividend. The ex-dividend date is Friday, August 30th. This represents a $2.60 annualized dividend and a yield of 1.47%. T-Mobile US’s dividend payout ratio is currently 35.37%.

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.