RIA Advisory Group LLC acquired a new stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 6,588 shares of the Wireless communications provider's stock, valued at approximately $1,360,000.
Several other hedge funds have also recently bought and sold shares of TMUS. Kingsview Wealth Management LLC lifted its position in T-Mobile US by 5.5% in the 1st quarter. Kingsview Wealth Management LLC now owns 4,454 shares of the Wireless communications provider's stock valued at $727,000 after purchasing an additional 234 shares during the last quarter. Orion Portfolio Solutions LLC raised its position in shares of T-Mobile US by 1.6% during the 1st quarter. Orion Portfolio Solutions LLC now owns 21,079 shares of the Wireless communications provider's stock worth $3,441,000 after buying an additional 334 shares in the last quarter. Tocqueville Asset Management L.P. raised its position in shares of T-Mobile US by 24.9% during the 1st quarter. Tocqueville Asset Management L.P. now owns 1,692 shares of the Wireless communications provider's stock worth $276,000 after buying an additional 337 shares in the last quarter. Vanguard Group Inc. raised its position in shares of T-Mobile US by 3.8% during the 1st quarter. Vanguard Group Inc. now owns 45,042,339 shares of the Wireless communications provider's stock worth $7,351,811,000 after buying an additional 1,667,778 shares in the last quarter. Finally, Edgestream Partners L.P. raised its position in shares of T-Mobile US by 213.2% during the 1st quarter. Edgestream Partners L.P. now owns 19,151 shares of the Wireless communications provider's stock worth $3,126,000 after buying an additional 13,037 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
TMUS has been the topic of several recent research reports. Scotiabank lifted their price objective on shares of T-Mobile US from $236.00 to $237.00 and gave the stock a "sector perform" rating in a research note on Thursday, October 24th. Sanford C. Bernstein raised shares of T-Mobile US to a "strong-buy" rating in a research note on Wednesday, July 31st. Tigress Financial lifted their target price on shares of T-Mobile US from $205.00 to $235.00 and gave the stock a "buy" rating in a research report on Monday, August 12th. TD Cowen lifted their target price on shares of T-Mobile US from $216.00 to $250.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Finally, Royal Bank of Canada boosted their price objective on shares of T-Mobile US from $232.00 to $255.00 and gave the company an "outperform" rating in a research report on Friday, October 25th. Three analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $241.83.
Read Our Latest Report on TMUS
T-Mobile US Stock Performance
Shares of T-Mobile US stock traded down $2.14 on Friday, reaching $235.61. The stock had a trading volume of 3,940,160 shares, compared to its average volume of 4,440,809. The business's 50-day moving average price is $215.88 and its two-hundred day moving average price is $192.44. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.08. T-Mobile US, Inc. has a fifty-two week low of $147.07 and a fifty-two week high of $242.43. The stock has a market cap of $273.42 billion, a P/E ratio of 26.87, a price-to-earnings-growth ratio of 1.23 and a beta of 0.50.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its earnings results 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. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The firm had revenue of $20.16 billion during the quarter, compared to analysts' expectations of $20.01 billion. During the same period in the prior year, the company earned $1.82 EPS. The business's quarterly revenue was up 4.7% compared to the same quarter last year. On average, sell-side analysts forecast that T-Mobile US, Inc. will post 9.36 EPS for the current year.
T-Mobile US Increases Dividend
The business also recently declared 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. The ex-dividend date is Wednesday, November 27th. This is an increase from T-Mobile US's previous quarterly dividend of $0.65. This represents a $3.52 dividend on an annualized basis and a yield of 1.49%. T-Mobile US's dividend payout ratio is 29.65%.
Insider Buying and Selling at T-Mobile US
In other news, CEO G Michael Sievert sold 20,000 shares of the stock in a transaction on 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 transaction, the chief executive officer now owns 378,124 shares in the company, valued at approximately $89,891,418.52. This represents a 5.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Michael J. Katz sold 3,000 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $205.30, for a total transaction of $615,900.00. Following the completion of the transaction, the insider now owns 119,687 shares of the company's stock, valued at approximately $24,571,741.10. This represents a 2.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 464,924 shares of company stock valued at $97,427,925 in the last ninety days. Company insiders own 0.67% of the company's stock.
T-Mobile US Company Profile
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Free Report)
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.
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