B. Riley Wealth Advisors Inc. Takes Position in T-Mobile US, Inc. $TMUS

B. Riley Wealth Advisors Inc. purchased a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,605 shares of the Wireless communications provider’s stock, valued at approximately $859,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Weaver Capital Management LLC raised its position in shares of 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 valued at $1,605,000 after acquiring an additional 42 shares during the last quarter. Haven Private LLC grew its stake in shares of T-Mobile US by 1.3% during the second quarter. Haven Private LLC now owns 3,186 shares of the Wireless communications provider’s stock worth $759,000 after purchasing an additional 42 shares during the period. Bank of Stockton lifted its stake in T-Mobile US by 1.2% in the second quarter. Bank of Stockton now owns 3,802 shares of the Wireless communications provider’s stock valued at $906,000 after buying an additional 44 shares during the period. Richardson Financial Services Inc. boosted its holdings in T-Mobile US by 0.9% during the second quarter. Richardson Financial Services Inc. now owns 4,899 shares of the Wireless communications provider’s stock worth $1,183,000 after buying an additional 45 shares during the last quarter. Finally, Cetera Trust Company N.A grew its position in shares of T-Mobile US by 0.4% during the 2nd quarter. Cetera Trust Company N.A now owns 12,018 shares of the Wireless communications provider’s stock worth $2,863,000 after buying an additional 45 shares during the period. Institutional investors and hedge funds own 42.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TMUS. TD Cowen dropped their price objective on T-Mobile US from $291.00 to $263.00 and set a “buy” rating on the stock in a research note on Friday, October 24th. KeyCorp upgraded T-Mobile US from an “underweight” rating to a “sector weight” rating in a report on Tuesday, December 2nd. Williams Trading set a $263.00 price objective on T-Mobile US in a research report on Friday, October 24th. Deutsche Bank Aktiengesellschaft increased their target price on T-Mobile US from $280.00 to $300.00 in a research note on Thursday, October 2nd. Finally, Raymond James Financial raised shares of T-Mobile US to a “hold” rating in a research note on Wednesday, October 1st. Three analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $262.17.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 64,426 shares of T-Mobile US stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $238.98, for a total value of $15,396,525.48. Following the transaction, the director owned 634,241,492 shares in the company, valued at $151,571,031,758.16. The trade was a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Over the last ninety days, insiders sold 1,108,294 shares of company stock worth $254,172,029. 0.37% of the stock is currently owned by insiders.

T-Mobile US Stock Performance

TMUS opened at $198.00 on Wednesday. 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 stock has a market cap of $221.46 billion, a price-to-earnings ratio of 19.04, a PEG ratio of 1.26 and a beta of 0.44. T-Mobile US, Inc. has a 12-month low of $194.01 and a 12-month high of $276.49. The business has a 50 day moving average of $212.57 and a 200-day moving average of $229.93.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.40 by $0.01. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. The firm had revenue of $21.96 billion during the quarter, compared to the consensus estimate of $21.61 billion. During the same period last year, the business posted $2.61 earnings per share. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. On average, equities research analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Friday, February 27th will be paid a $1.02 dividend. The ex-dividend date is Friday, February 27th. This represents a $4.08 annualized dividend and a dividend yield of 2.1%. T-Mobile US’s dividend payout ratio (DPR) is presently 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.