Fifth Third Wealth Advisors LLC Purchases 2,454 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Fifth Third Wealth Advisors LLC grew its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 18.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,595 shares of the Wireless communications provider's stock after acquiring an additional 2,454 shares during the quarter. Fifth Third Wealth Advisors LLC's holdings in T-Mobile US were worth $3,218,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. WASHINGTON TRUST Co increased its holdings in shares of T-Mobile US by 143.1% during the 2nd quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider's stock valued at $25,000 after purchasing an additional 83 shares in the last quarter. DT Investment Partners LLC grew its position in T-Mobile US by 65.3% in the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider's stock valued at $25,000 after acquiring an additional 47 shares in the last quarter. Summit Securities Group LLC purchased a new position in shares of T-Mobile US in the 2nd quarter valued at about $27,000. Y.D. More Investments Ltd purchased a new position in T-Mobile US in the second quarter valued at $27,000. Finally, MFA Wealth Advisors LLC grew its position in shares of T-Mobile US by 128.3% in the 3rd quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider's stock valued at $28,000 after buying an additional 77 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company's stock.

Wall Street Analysts Forecast Growth

TMUS has been the subject of a number of research analyst reports. TD Cowen increased their price target on shares of T-Mobile US from $216.00 to $250.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Bank of America upped their price target on T-Mobile US from $220.00 to $240.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. UBS Group upped their price target on shares of T-Mobile US from $210.00 to $255.00 and gave the company a "buy" rating in a report on Thursday, October 24th. The Goldman Sachs Group boosted their price objective on shares of T-Mobile US from $220.00 to $250.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Finally, Scotiabank raised their price target on T-Mobile US from $236.00 to $237.00 and gave the company a "sector perform" rating in a report on Thursday, October 24th. Three analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $241.83.

Insider Transactions at T-Mobile US

In related news, CEO G Michael Sievert sold 20,000 shares of the company's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $237.73, for a total value of $4,754,600.00. Following the completion of the sale, the chief executive officer now owns 378,124 shares of the company's stock, valued at $89,891,418.52. This represents a 5.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Raul Marcelo Claure sold 132,309 shares of the company's stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $196.74, for a total value of $26,030,472.66. Following the completion of the transaction, the director now directly owns 1,551,204 shares in the company, valued at $305,183,874.96. This represents a 7.86 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 455,338 shares of company stock worth $95,539,866 over the last quarter. 0.67% of the stock is currently owned by insiders.

T-Mobile US Trading Down 1.2 %

NASDAQ TMUS traded down $2.73 during trading hours on Tuesday, reaching $234.30. The company had a trading volume of 1,607,804 shares, compared to its average volume of 4,418,792. The stock has a 50-day moving average of $216.71 and a 200 day moving average of $193.34. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23. T-Mobile US, Inc. has a 1-year low of $147.24 and a 1-year high of $242.43. The stock has a market capitalization of $271.90 billion, a P/E ratio of 27.03, a price-to-earnings-growth ratio of 1.20 and a beta of 0.50.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, topping analysts' consensus estimates of $2.32 by $0.29. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The business had revenue of $20.16 billion for the quarter, compared to analysts' expectations of $20.01 billion. During the same quarter in the previous year, the firm earned $1.82 earnings per share. The business's revenue was up 4.7% compared to the same quarter last year. As a group, research analysts anticipate that T-Mobile US, Inc. will post 9.38 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be paid a dividend of $0.88 per share. This is an increase 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 dividend yield of 1.50%. T-Mobile US's dividend payout ratio is presently 29.65%.

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.