Gratus Wealth Advisors LLC Raises Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Gratus Wealth Advisors LLC lifted its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 1.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,061 shares of the Wireless communications provider’s stock after acquiring an additional 80 shares during the period. Gratus Wealth Advisors LLC’s holdings in T-Mobile US were worth $1,471,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of TMUS. WASHINGTON TRUST Co lifted its stake in shares of T-Mobile US by 143.1% in 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. Summit Securities Group LLC purchased a new stake in T-Mobile US during the second quarter worth approximately $27,000. Y.D. More Investments Ltd acquired a new stake in shares of T-Mobile US in the second quarter worth $27,000. Westside Investment Management Inc. raised its stake in shares of T-Mobile US by 75.8% in the 1st quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 75 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of T-Mobile US during the 2nd quarter valued at $30,000. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

T-Mobile US Stock Up 1.4 %

Shares of T-Mobile US stock opened at $211.17 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. The business has a 50-day moving average price of $198.09 and a 200 day moving average price of $179.91. T-Mobile US, Inc. has a fifty-two week low of $136.85 and a fifty-two week high of $212.24. The firm has a market cap of $247.46 billion, a P/E ratio of 28.73, a P/E/G ratio of 1.07 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.22. The business had revenue of $19.77 billion for the quarter, compared to analyst estimates of $19.61 billion. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The business’s revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.86 EPS. On average, sell-side analysts forecast that T-Mobile US, Inc. will post 9.13 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be issued a $0.88 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 annualized dividend and a dividend yield of 1.67%. T-Mobile US’s payout ratio is 47.89%.

Analyst Ratings Changes

TMUS has been the subject of several recent research reports. Morgan Stanley increased their price target on T-Mobile US from $191.00 to $209.00 and gave the company an “overweight” rating in a report on Monday, September 16th. JPMorgan Chase & Co. raised their target price on T-Mobile US from $220.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, September 19th. Oppenheimer upped their price target on T-Mobile US from $200.00 to $215.00 and gave the stock an “outperform” rating in a report on Thursday, September 19th. KeyCorp lifted their price objective on shares of T-Mobile US from $190.00 to $230.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Finally, Sanford C. Bernstein upgraded shares of T-Mobile US to a “strong-buy” rating in a research note on Wednesday, July 31st. Nineteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, T-Mobile US currently has an average rating of “Buy” and an average price target of $216.36.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Raul Marcelo Claure sold 1,572 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $196.00, for a total value of $308,112.00. Following the transaction, the director now owns 1,824,632 shares of the company’s stock, valued at $357,627,872. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO G Michael Sievert sold 20,000 shares of T-Mobile US stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $194.57, for a total value of $3,891,400.00. Following the sale, the chief executive officer now directly owns 418,124 shares in the company, valued at $81,354,386.68. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Raul Marcelo Claure sold 1,572 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $196.00, for a total transaction of $308,112.00. Following the transaction, the director now directly owns 1,824,632 shares of the company’s stock, valued at $357,627,872. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 306,492 shares of company stock valued at $60,161,906 in the last quarter. Insiders own 0.67% of the company’s stock.

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.