Westwood Holdings Group Inc. Has $20.69 Million Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Westwood Holdings Group Inc. boosted its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 1.3% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 117,453 shares of the Wireless communications provider’s stock after purchasing an additional 1,480 shares during the quarter. Westwood Holdings Group Inc.’s holdings in T-Mobile US were worth $20,693,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of TMUS. Aveo Capital Partners LLC increased its holdings in shares of T-Mobile US by 6.5% in the 4th quarter. Aveo Capital Partners LLC now owns 2,250 shares of the Wireless communications provider’s stock valued at $361,000 after purchasing an additional 137 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of T-Mobile US by 26.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 643 shares of the Wireless communications provider’s stock valued at $103,000 after purchasing an additional 135 shares during the period. Cambridge Investment Research Advisors Inc. increased its holdings in shares of T-Mobile US by 91.8% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 43,667 shares of the Wireless communications provider’s stock valued at $7,001,000 after purchasing an additional 20,901 shares during the period. US Bancorp DE increased its holdings in shares of T-Mobile US by 4.3% in the 4th quarter. US Bancorp DE now owns 106,323 shares of the Wireless communications provider’s stock valued at $17,047,000 after purchasing an additional 4,404 shares during the period. Finally, TCW Group Inc. acquired a new position in shares of T-Mobile US in the 4th quarter valued at about $2,817,000. Institutional investors and hedge funds own 42.49% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on TMUS shares. Citigroup upped their target price on T-Mobile US from $184.00 to $210.00 and gave the company a “buy” rating in a report on Friday, July 19th. Deutsche Bank Aktiengesellschaft boosted their price target on T-Mobile US from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. TD Cowen boosted their price target on T-Mobile US from $202.00 to $216.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Tigress Financial boosted their price target on T-Mobile US from $205.00 to $235.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Finally, KeyCorp boosted their price target on T-Mobile US from $190.00 to $230.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Eighteen research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $211.92.

Insider Buying and Selling

In related news, Director Telekom Ag Deutsche sold 133,461 shares of the firm’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $175.86, for a total value of $23,470,451.46. Following the completion of the transaction, the director now directly owns 670,545,206 shares of the company’s stock, valued at $117,922,079,927.16. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Telekom Ag Deutsche sold 133,461 shares of the firm’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $175.86, for a total value of $23,470,451.46. Following the completion of the transaction, the director now directly owns 670,545,206 shares of the company’s stock, valued at $117,922,079,927.16. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Michael J. Katz sold 3,000 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $177.59, for a total value of $532,770.00. Following the completion of the transaction, the insider now directly owns 122,687 shares of the company’s stock, valued at $21,787,984.33. The disclosure for this sale can be found here. Insiders sold a total of 706,875 shares of company stock valued at $130,909,198 over the last ninety days. 0.67% of the stock is owned by company insiders.

T-Mobile US Stock Down 0.1 %

TMUS opened at $199.44 on Friday. T-Mobile US, Inc. has a 1-year low of $135.82 and a 1-year high of $206.30. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 1.22. The stock has a market capitalization of $233.71 billion, a price-to-earnings ratio of 27.13, a P/E/G ratio of 0.74 and a beta of 0.51. The business has a 50 day moving average of $192.29 and a 200-day moving average of $176.53.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.22. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The company had revenue of $19.77 billion during the quarter, compared to analysts’ expectations of $19.61 billion. During the same period in the prior year, the business earned $1.86 earnings per share. T-Mobile US’s revenue for the quarter was up 3.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that T-Mobile US, Inc. will post 9.18 earnings per share for the current year.

T-Mobile US Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be given a $0.88 dividend. This is a boost from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 annualized dividend and a yield of 1.76%. The ex-dividend date is Wednesday, November 27th. T-Mobile US’s dividend payout ratio (DPR) is 35.37%.

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.