T-Mobile US, Inc. $TMUS Shares Purchased by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. grew its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 8.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,027 shares of the Wireless communications provider’s stock after acquiring an additional 3,188 shares during the quarter. Avantax Advisory Services Inc.’s holdings in T-Mobile US were worth $9,775,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Wellington Management Group LLP increased its position in T-Mobile US by 1.7% during the 1st quarter. Wellington Management Group LLP now owns 12,846,939 shares of the Wireless communications provider’s stock worth $3,426,407,000 after purchasing an additional 214,224 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in T-Mobile US by 14.3% during the first quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider’s stock worth $1,837,399,000 after buying an additional 864,030 shares during the period. Goldman Sachs Group Inc. increased its position in shares of T-Mobile US by 25.4% in the first quarter. Goldman Sachs Group Inc. now owns 4,172,644 shares of the Wireless communications provider’s stock worth $1,112,886,000 after acquiring an additional 844,932 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of T-Mobile US by 4.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,050,797 shares of the Wireless communications provider’s stock valued at $1,080,388,000 after acquiring an additional 169,562 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of T-Mobile US by 2.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,295,432 shares of the Wireless communications provider’s stock valued at $878,925,000 after acquiring an additional 65,394 shares in the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other T-Mobile US news, Director Telekom Ag Deutsche sold 1,374 shares of the company’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $220.46, for a total transaction of $302,912.04. Following the sale, the director owned 582,065,875 shares in the company, valued at $128,322,242,802.50. This represents a 0.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Srini Gopalan bought 9,800 shares of the firm’s stock in a transaction dated Thursday, November 6th. The stock was purchased at an average price of $201.82 per share, with a total value of $1,977,836.00. Following the transaction, the chief executive officer owned 90,258 shares in the company, valued at approximately $18,215,869.56. This represents a 12.18% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders sold a total of 1,878,701 shares of company stock valued at $447,354,610 in the last three months. Insiders own 0.37% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Raymond James Financial upgraded T-Mobile US to a “hold” rating in a report on Wednesday, October 1st. JPMorgan Chase & Co. increased their target price on T-Mobile US from $280.00 to $300.00 and gave the company an “overweight” rating in a research note on Tuesday, September 30th. The Goldman Sachs Group started coverage on T-Mobile US in a research report on Tuesday, September 2nd. They set a “buy” rating and a $286.00 price target on the stock. Scotiabank upped their price target on T-Mobile US from $271.50 to $278.00 and gave the stock a “sector outperform” rating in a report on Monday, October 6th. Finally, Rothschild Redb upgraded shares of T-Mobile US to a “hold” rating in a research note on Tuesday, September 30th. Three 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 issued a Sell rating to the stock. According to data from MarketBeat, T-Mobile US has an average rating of “Moderate Buy” and an average target price of $266.83.

T-Mobile US Price Performance

Shares of NASDAQ TMUS opened at $215.84 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 0.89 and a debt-to-equity ratio of 1.37. T-Mobile US, Inc. has a fifty-two week low of $199.41 and a fifty-two week high of $276.49. The business has a 50 day moving average price of $225.86 and a two-hundred day moving average price of $235.55. The firm has a market cap of $241.42 billion, a PE ratio of 20.75, a price-to-earnings-growth ratio of 1.51 and a beta of 0.57.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 EPS for the quarter, beating the consensus estimate of $2.40 by $0.01. The company had revenue of $21.96 billion during the quarter, compared to analysts’ expectations of $21.61 billion. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The business’s revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the business posted $2.61 EPS. Sell-side analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a $4.08 annualized dividend and a yield of 1.9%. This is an increase from T-Mobile US’s previous quarterly dividend of $0.88. T-Mobile US’s dividend payout ratio (DPR) is 39.23%.

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.