Westside Investment Management Inc. Acquires 75 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Westside Investment Management Inc. raised its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 75.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 174 shares of the Wireless communications provider’s stock after buying an additional 75 shares during the period. Westside Investment Management Inc.’s holdings in T-Mobile US were worth $28,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of TMUS. Norden Group LLC increased its stake in shares of T-Mobile US by 2,111.9% during the first quarter. Norden Group LLC now owns 55,275 shares of the Wireless communications provider’s stock worth $9,021,000 after purchasing an additional 52,776 shares during the period. Community Bank & Trust Waco Texas increased its stake in shares of T-Mobile US by 11.8% during the first quarter. Community Bank & Trust Waco Texas now owns 5,341 shares of the Wireless communications provider’s stock worth $872,000 after purchasing an additional 565 shares during the period. Arvest Investments Inc. increased its stake in shares of T-Mobile US by 2.6% during the first quarter. Arvest Investments Inc. now owns 4,646 shares of the Wireless communications provider’s stock worth $758,000 after purchasing an additional 116 shares during the period. Plimoth Trust Co. LLC increased its stake in shares of T-Mobile US by 93.4% during the first quarter. Plimoth Trust Co. LLC now owns 8,910 shares of the Wireless communications provider’s stock worth $1,454,000 after purchasing an additional 4,302 shares during the period. Finally, MBM Wealth Consultants LLC increased its stake in shares of T-Mobile US by 3.7% during the first quarter. MBM Wealth Consultants LLC now owns 6,190 shares of the Wireless communications provider’s stock worth $1,010,000 after purchasing an additional 218 shares during the period. Institutional investors own 42.49% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Royal Bank of Canada increased their price target on T-Mobile US from $184.00 to $188.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Oppenheimer reissued an “outperform” rating and set a $190.00 price target on shares of T-Mobile US in a research report on Wednesday, April 3rd. Citigroup increased their price target on T-Mobile US from $176.00 to $184.00 and gave the stock a “buy” rating in a research report on Monday, March 25th. TD Cowen reduced their price target on T-Mobile US from $204.00 to $202.00 and set a “buy” rating on the stock in a research report on Friday, April 26th. Finally, Bank of America increased their price target on T-Mobile US from $175.00 to $195.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. One investment analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, T-Mobile US presently has an average rating of “Buy” and a consensus price target of $190.79.

T-Mobile US Trading Down 0.8 %

NASDAQ TMUS opened at $178.46 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.94 and a debt-to-equity ratio of 1.25. T-Mobile US, Inc. has a twelve month low of $131.47 and a twelve month high of $182.67. The company has a market cap of $209.13 billion, a price-to-earnings ratio of 24.28, a price-to-earnings-growth ratio of 0.70 and a beta of 0.51. The business’s fifty day moving average is $170.80 and its 200 day moving average is $164.95.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data 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 the consensus estimate of $19.81 billion. During the same quarter last year, the business posted $1.58 EPS. T-Mobile US’s revenue for the quarter was down .2% on a year-over-year basis. As a group, sell-side analysts expect that T-Mobile US, Inc. will post 9.01 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Friday, August 30th will be given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 1.46%. The ex-dividend date is Friday, August 30th. T-Mobile US’s dividend payout ratio is currently 35.37%.

Insider Buying and Selling

In related news, Director Telekom Ag Deutsche sold 170,903 shares of the firm’s stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of $159.95, for a total transaction of $27,335,934.85. Following the completion of the transaction, the director now directly owns 680,306,713 shares of the company’s stock, valued at approximately $108,815,058,744.35. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Telekom Ag Deutsche sold 170,903 shares of the firm’s stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of $159.95, for a total transaction of $27,335,934.85. Following the completion of the transaction, the director now directly owns 680,306,713 shares of the company’s stock, valued at approximately $108,815,058,744.35. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO G Michael Sievert sold 20,000 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $163.20, for a total value of $3,264,000.00. Following the transaction, the chief executive officer now directly owns 458,124 shares of the company’s stock, valued at $74,765,836.80. The disclosure for this sale can be found here. Insiders sold a total of 6,210,160 shares of company stock valued at $1,041,105,611 in the last three months. Insiders own 0.67% of the company’s stock.

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.