Baker Tilly Wealth Management LLC Buys 1,079 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Baker Tilly Wealth Management LLC lifted its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 33.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,315 shares of the Wireless communications provider’s stock after purchasing an additional 1,079 shares during the quarter. Baker Tilly Wealth Management LLC’s holdings in T-Mobile US were worth $890,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Wealthcare Advisory Partners LLC increased its holdings in shares of T-Mobile US by 23.8% during the first quarter. Wealthcare Advisory Partners LLC now owns 2,754 shares of the Wireless communications provider’s stock worth $449,000 after buying an additional 529 shares in the last quarter. Vicus Capital bought a new stake in T-Mobile US during the 1st quarter worth $279,000. Trilogy Capital Inc. acquired a new position in T-Mobile US in the 1st quarter worth about $313,000. Kowal Investment Group LLC bought a new position in T-Mobile US in the first quarter valued at about $200,000. Finally, Hexagon Capital Partners LLC boosted its stake in shares of T-Mobile US by 18.0% during the first quarter. Hexagon Capital Partners LLC now owns 933 shares of the Wireless communications provider’s stock valued at $152,000 after purchasing an additional 142 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Raul Marcelo Claure sold 1,572 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $196.00, for a total value of $308,112.00. Following the transaction, the director now owns 1,824,632 shares in the company, valued at $357,627,872. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Raul Marcelo Claure sold 1,572 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $196.00, for a total value of $308,112.00. Following the completion of the sale, the director now owns 1,824,632 shares in the company, valued at $357,627,872. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Mark Wolfe Nelson sold 42,769 shares of the company’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $216.26, for a total transaction of $9,249,223.94. Following the completion of the sale, the executive vice president now directly owns 61,871 shares of the company’s stock, valued at $13,380,222.46. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 349,261 shares of company stock valued at $69,411,130. Corporate insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on TMUS shares. KeyCorp upped their price objective on T-Mobile US from $230.00 to $252.00 and gave the company an “overweight” rating in a research note on Thursday. Sanford C. Bernstein upgraded shares of T-Mobile US to a “strong-buy” rating in a report on Wednesday, July 31st. TD Cowen increased their price objective on T-Mobile US from $216.00 to $250.00 and gave the company a “buy” rating in a report on Thursday. Morgan Stanley lifted their target price on T-Mobile US from $191.00 to $209.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. Finally, Bank of America upped their price target on T-Mobile US from $220.00 to $240.00 and gave the company a “buy” rating in a research report on Thursday. Two analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $240.17.

T-Mobile US Stock Up 0.1 %

T-Mobile US stock opened at $226.58 on Monday. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 1.22. The company has a market capitalization of $264.37 billion, a PE ratio of 28.37, a PEG ratio of 1.15 and a beta of 0.51. The firm’s fifty day moving average is $206.12 and its 200 day moving average is $185.58. T-Mobile US, Inc. has a 12-month low of $139.47 and a 12-month high of $234.56.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, beating analysts’ consensus estimates of $2.32 by $0.29. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The firm had revenue of $20.16 billion during the quarter, compared to analysts’ expectations of $20.01 billion. During the same quarter last year, the firm posted $1.82 earnings per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, sell-side analysts predict that T-Mobile US, Inc. will post 9.22 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $3.52 annualized dividend and a yield of 1.55%. T-Mobile US’s dividend payout ratio (DPR) is presently 32.58%.

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.