OneAscent Wealth Management LLC Makes New Investment in T-Mobile US, Inc. (NASDAQ:TMUS)

OneAscent Wealth Management LLC bought a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,381 shares of the Wireless communications provider's stock, valued at approximately $491,000.

A number of other large investors also recently made changes to their positions in the company. Legal & General Group Plc boosted its position in shares of T-Mobile US by 6.8% during the 2nd quarter. Legal & General Group Plc now owns 4,751,007 shares of the Wireless communications provider's stock worth $837,032,000 after acquiring an additional 303,582 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in T-Mobile US by 4.3% in the second quarter. Dimensional Fund Advisors LP now owns 4,459,130 shares of the Wireless communications provider's stock valued at $785,667,000 after acquiring an additional 184,059 shares during the last quarter. Boston Partners boosted its stake in shares of T-Mobile US by 1.1% in the 1st quarter. Boston Partners now owns 2,597,340 shares of the Wireless communications provider's stock valued at $424,025,000 after purchasing an additional 28,045 shares during the last quarter. TD Asset Management Inc grew its holdings in T-Mobile US by 5.9% during the 2nd quarter. TD Asset Management Inc now owns 2,294,637 shares of the Wireless communications provider's stock worth $404,269,000 after acquiring an additional 128,241 shares during the period. Finally, Principal Financial Group Inc. grew its stake in T-Mobile US by 2.5% during the third quarter. Principal Financial Group Inc. now owns 1,978,567 shares of the Wireless communications provider's stock worth $408,297,000 after purchasing an additional 47,350 shares during the period. Institutional investors own 42.49% of the company's stock.

Insiders Place Their Bets

In other T-Mobile US news, Director Raul Marcelo Claure sold 9,586 shares of the firm's stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $196.96, for a total transaction of $1,888,058.56. Following the completion of the sale, the director now owns 1,940,792 shares of the company's stock, valued at $382,258,392.32. This trade represents a 0.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Peter Osvaldik sold 20,000 shares of T-Mobile US stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $233.55, for a total transaction of $4,671,000.00. Following the completion of the sale, the chief financial officer now owns 61,307 shares of the company's stock, valued at $14,318,249.85. This trade represents a 24.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 464,924 shares of company stock valued at $97,427,925 in the last three months. 0.67% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TMUS. Daiwa America raised T-Mobile US to a "hold" rating in a research note on Friday, October 25th. KeyCorp upped their target price on T-Mobile US from $230.00 to $252.00 and gave the stock an "overweight" rating in a research report on Thursday, October 24th. Wells Fargo & Company lifted their price target on shares of T-Mobile US from $230.00 to $240.00 and gave the company an "overweight" rating in a research report on Thursday, October 24th. Barclays upped their price objective on shares of T-Mobile US from $215.00 to $230.00 and gave the stock an "overweight" rating in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of T-Mobile US from $230.00 to $250.00 and gave the company an "overweight" rating in a report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $241.83.

T-Mobile US Stock Performance

TMUS traded up $1.42 on Monday, reaching $237.03. The stock had a trading volume of 2,442,792 shares, compared to its average volume of 4,431,848. The business's 50-day moving average price is $215.88 and its two-hundred day moving average price is $192.83. The company has a market cap of $275.07 billion, a P/E ratio of 27.23, a price-to-earnings-growth ratio of 1.20 and a beta of 0.50. T-Mobile US, Inc. has a 12-month low of $147.24 and a 12-month high of $242.43. 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 (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, beating the consensus estimate of $2.32 by $0.29. The company had revenue of $20.16 billion for the quarter, compared to analyst estimates of $20.01 billion. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. T-Mobile US's quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the company earned $1.82 earnings per share. Sell-side analysts forecast that T-Mobile US, Inc. will post 9.38 earnings per share for the current year.

T-Mobile US Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be issued 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 1.49%. The ex-dividend date of this dividend is Wednesday, November 27th. T-Mobile US's dividend payout ratio is presently 40.14%.

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.