OneAscent Financial Services LLC Takes $908,000 Position in T-Mobile US, Inc. (NASDAQ:TMUS)

OneAscent Financial Services LLC acquired a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,399 shares of the Wireless communications provider's stock, valued at approximately $908,000.

Other institutional investors have also bought and sold shares of the company. Chesapeake Wealth Management raised its position in shares of T-Mobile US by 3.2% during the third quarter. Chesapeake Wealth Management now owns 5,224 shares of the Wireless communications provider's stock worth $1,078,000 after acquiring an additional 162 shares during the last quarter. Pathstone Holdings LLC increased its stake in shares of T-Mobile US by 8.2% during the third quarter. Pathstone Holdings LLC now owns 79,162 shares of the Wireless communications provider's stock worth $16,336,000 after purchasing an additional 5,974 shares during the period. Lindenwold Advisors INC grew its position in T-Mobile US by 1.2% during the third quarter. Lindenwold Advisors INC now owns 7,733 shares of the Wireless communications provider's stock worth $1,596,000 after buying an additional 88 shares in the last quarter. OneAscent Wealth Management LLC acquired a new stake in shares of T-Mobile US in the 3rd quarter valued at $491,000. Finally, Napa Wealth Management acquired a new stake in shares of T-Mobile US during the 3rd quarter valued at $1,179,000. Institutional investors and hedge funds own 42.49% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on TMUS shares. Oppenheimer raised their target price on T-Mobile US from $215.00 to $250.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Tigress Financial upped their price target on shares of T-Mobile US from $205.00 to $235.00 and gave the stock a "buy" rating in a report on Monday, August 12th. KeyCorp upped their target price on shares of T-Mobile US from $230.00 to $252.00 and gave the stock an "overweight" rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. upped their price target on shares of T-Mobile US from $230.00 to $250.00 and gave the company an "overweight" rating in a research report on Thursday, October 24th. Finally, The Goldman Sachs Group upped 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 note on Thursday, October 24th. Three research 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's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $241.83.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of the firm's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $237.73, for a total value of $4,754,600.00. Following the sale, the chief executive officer now directly owns 378,124 shares in the company, valued at approximately $89,891,418.52. This trade represents a 5.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Nestor Cano sold 11,100 shares of the company's stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $230.75, for a total transaction of $2,561,325.00. Following the completion of the sale, the executive vice president now directly owns 4,400 shares of the company's stock, valued at $1,015,300. The trade was a 71.61 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 455,338 shares of company stock worth $95,539,866. Corporate insiders own 0.67% of the company's stock.

T-Mobile US Stock Performance

TMUS stock traded down $3.83 on Tuesday, hitting $233.20. The company's stock had a trading volume of 3,715,570 shares, compared to its average volume of 4,429,164. The stock has a market cap of $270.63 billion, a price-to-earnings ratio of 26.59, a price-to-earnings-growth ratio of 1.20 and a beta of 0.50. 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 firm has a 50 day moving average of $217.45 and a two-hundred day moving average of $193.82.

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

T-Mobile US Increases Dividend

The firm 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 $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.51%. This is a boost from T-Mobile US's previous quarterly dividend of $0.65. The ex-dividend date is Wednesday, November 27th. T-Mobile US's dividend payout ratio is presently 29.65%.

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.