Allworth Financial LP Purchases 810 Shares of T-Mobile US, Inc. $TMUS

Allworth Financial LP increased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 14.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,530 shares of the Wireless communications provider’s stock after purchasing an additional 810 shares during the quarter. Allworth Financial LP’s holdings in T-Mobile US were worth $1,556,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TMUS. Journey Strategic Wealth LLC increased its holdings in shares of T-Mobile US by 4.2% during the first quarter. Journey Strategic Wealth LLC now owns 1,022 shares of the Wireless communications provider’s stock worth $273,000 after buying an additional 41 shares in the last quarter. Angeles Wealth Management LLC boosted its holdings in shares of T-Mobile US by 1.2% in the 1st quarter. Angeles Wealth Management LLC now owns 3,328 shares of the Wireless communications provider’s stock worth $888,000 after acquiring an additional 41 shares in the last quarter. Weaver Capital Management LLC grew its position in T-Mobile US by 0.6% during the 2nd quarter. Weaver Capital Management LLC now owns 6,737 shares of the Wireless communications provider’s stock worth $1,605,000 after acquiring an additional 42 shares during the last quarter. Haven Private LLC increased its holdings in T-Mobile US by 1.3% during the 2nd quarter. Haven Private LLC now owns 3,186 shares of the Wireless communications provider’s stock valued at $759,000 after purchasing an additional 42 shares in the last quarter. Finally, Bank of Stockton increased its holdings in T-Mobile US by 1.2% during the 2nd quarter. Bank of Stockton now owns 3,802 shares of the Wireless communications provider’s stock valued at $906,000 after purchasing an additional 44 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Stock Performance

TMUS stock opened at $214.57 on Friday. T-Mobile US, Inc. has a twelve month low of $199.41 and a twelve month high of $276.49. The company has a quick ratio of 0.80, a current ratio of 0.89 and a debt-to-equity ratio of 1.37. The company has a market cap of $240.00 billion, a P/E ratio of 20.63, a price-to-earnings-growth ratio of 1.51 and a beta of 0.57. The business’s fifty day moving average is $227.14 and its 200-day moving average is $236.03.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Thursday, October 23rd. The Wireless communications provider reported $2.41 EPS for the quarter, beating analysts’ consensus estimates of $2.40 by $0.01. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The business had revenue of $21.96 billion during the quarter, compared to the consensus estimate of $21.61 billion. During the same quarter in the prior year, the company posted $2.61 earnings per share. The firm’s revenue was up 8.9% on a year-over-year basis. Equities research analysts forecast that T-Mobile US, Inc. will post 10.37 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 11th. Stockholders of record on Wednesday, November 26th will be paid a $1.02 dividend. This is a boost from T-Mobile US’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.9%. T-Mobile US’s dividend payout ratio (DPR) is currently 39.23%.

Insider Buying and Selling

In related news, Director Telekom Ag Deutsche sold 1,374 shares of T-Mobile US stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $220.46, for a total transaction of $302,912.04. Following the transaction, the director owned 582,065,875 shares of the company’s stock, valued at $128,322,242,802.50. This trade represents a 0.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Srini Gopalan acquired 9,800 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The shares were purchased at an average price of $201.82 per share, with a total value of $1,977,836.00. Following the acquisition, the chief executive officer owned 90,258 shares of the company’s stock, valued at approximately $18,215,869.56. This trade represents a 12.18% increase in their position. The SEC filing for this purchase provides additional information. Insiders sold a total of 1,971,041 shares of company stock worth $470,946,486 over the last quarter. 0.37% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on TMUS. BNP Paribas Exane boosted their price objective on T-Mobile US from $290.00 to $305.00 and gave the stock an “outperform” rating in a research note on Monday, October 6th. Cowen reaffirmed a “buy” rating on shares of T-Mobile US in a report on Friday, October 24th. Weiss Ratings reiterated a “buy (b)” rating on shares of T-Mobile US in a research report on Wednesday, October 8th. Williams Trading set a $263.00 price objective on shares of T-Mobile US in a report on Friday, October 24th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of T-Mobile US from $280.00 to $300.00 in a research report on Thursday, October 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $266.83.

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.