Private Advisor Group LLC Increases Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Private Advisor Group LLC lifted its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 2.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 22,643 shares of the Wireless communications provider’s stock after buying an additional 633 shares during the period. Private Advisor Group LLC’s holdings in T-Mobile US were worth $3,989,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fluent Financial LLC grew its stake in shares of T-Mobile US by 569.2% in the 2nd quarter. Fluent Financial LLC now owns 17,889 shares of the Wireless communications provider’s stock valued at $3,152,000 after purchasing an additional 15,216 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of T-Mobile US by 3.7% during the second quarter. Arizona State Retirement System now owns 154,836 shares of the Wireless communications provider’s stock worth $27,279,000 after purchasing an additional 5,494 shares during the period. VELA Investment Management LLC grew its position in T-Mobile US by 15.1% in the 2nd quarter. VELA Investment Management LLC now owns 6,765 shares of the Wireless communications provider’s stock valued at $1,192,000 after buying an additional 887 shares during the last quarter. MCF Advisors LLC increased its stake in T-Mobile US by 112.4% in the 2nd quarter. MCF Advisors LLC now owns 359 shares of the Wireless communications provider’s stock valued at $63,000 after buying an additional 190 shares during the period. Finally, Waverton Investment Management Ltd lifted its stake in shares of T-Mobile US by 2.7% in the 2nd quarter. Waverton Investment Management Ltd now owns 709,017 shares of the Wireless communications provider’s stock worth $124,904,000 after acquiring an additional 18,899 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insider Buying and Selling

In other T-Mobile US news, Director Telekom Ag Deutsche sold 135,969 shares of the business’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $175.59, for a total value of $23,874,796.71. Following the completion of the transaction, the director now directly owns 671,479,433 shares in the company, valued at approximately $117,905,073,640.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Telekom Ag Deutsche sold 135,969 shares of T-Mobile US stock in a transaction on Friday, June 14th. The stock was sold at an average price of $175.59, for a total value of $23,874,796.71. Following the completion of the sale, the director now owns 671,479,433 shares of the company’s stock, valued at $117,905,073,640.47. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Raul Marcelo Claure sold 2,706 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $200.11, for a total value of $541,497.66. Following the transaction, the director now owns 1,826,204 shares in the company, valued at $365,441,682.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 975,885 shares of company stock worth $175,641,223. 0.67% of the stock is owned by insiders.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $196.50 on Wednesday. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 1.22. T-Mobile US, Inc. has a fifty-two week low of $135.82 and a fifty-two week high of $205.28. The business has a fifty day moving average of $188.80 and a 200-day moving average of $174.54. The stock has a market cap of $229.27 billion, a price-to-earnings ratio of 26.73, a price-to-earnings-growth ratio of 0.72 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.22. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The firm had revenue of $19.77 billion during the quarter, compared to the consensus estimate of $19.61 billion. During the same quarter in the previous year, the company posted $1.86 EPS. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. As a group, analysts predict that T-Mobile US, Inc. will post 9.18 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Friday, August 30th will be paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 1.32%. The ex-dividend date is Friday, August 30th. T-Mobile US’s payout ratio is 35.37%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on TMUS shares. Scotiabank boosted their price target on shares of T-Mobile US from $194.50 to $197.00 and gave the stock a “sector outperform” rating in a research note on Thursday, August 1st. Tigress Financial boosted their target price on T-Mobile US from $205.00 to $235.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Sanford C. Bernstein raised T-Mobile US to a “strong-buy” rating in a report on Wednesday, July 31st. Evercore ISI raised T-Mobile US to a “hold” rating in a report on Thursday, August 1st. Finally, TD Cowen increased their price objective on T-Mobile US from $202.00 to $216.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, T-Mobile US presently has an average rating of “Buy” and an average price target of $198.63.

T-Mobile US 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.