Savvy Advisors Inc. Acquires 2,809 Shares of T-Mobile US, Inc. $TMUS

Savvy Advisors Inc. raised its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 35.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 10,645 shares of the Wireless communications provider’s stock after acquiring an additional 2,809 shares during the quarter. Savvy Advisors Inc.’s holdings in T-Mobile US were worth $2,161,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Howard Hughes Medical Institute bought a new stake in shares of T-Mobile US in the second quarter worth $25,000. United Community Bank raised its position in T-Mobile US by 131.1% during the 3rd quarter. United Community Bank now owns 104 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 59 shares during the last quarter. Elevation Wealth Partners LLC raised its position in T-Mobile US by 190.0% during the 3rd quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 76 shares during the last quarter. CoreFirst Bank & Trust acquired a new position in T-Mobile US during the 2nd quarter worth about $31,000. Finally, City Holding Co. lifted its holdings in T-Mobile US by 48.4% during the 3rd quarter. City Holding Co. now owns 141 shares of the Wireless communications provider’s stock worth $34,000 after buying an additional 46 shares during the period. Institutional investors own 42.49% of the company’s stock.

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Raul Marcelo Claure sold 550,000 shares of the stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $217.57, for a total transaction of $119,663,500.00. Following the transaction, the director directly owned 891,204 shares in the company, valued at approximately $193,899,254.28. This represents a 38.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Srikant M. Datar sold 3,291 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $221.10, for a total transaction of $727,640.10. Following the sale, the director directly owned 1,038 shares of the company’s stock, valued at approximately $229,501.80. This trade represents a 76.02% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 694,134 shares of company stock valued at $150,847,799. 0.37% of the stock is owned by insiders.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS opened at $201.40 on Monday. The company has a market capitalization of $221.91 billion, a price-to-earnings ratio of 20.74, a P/E/G ratio of 1.32 and a beta of 0.43. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.00 and a quick ratio of 0.90. The business’s 50-day moving average is $209.32 and its 200-day moving average is $210.31. T-Mobile US, Inc. has a 1 year low of $181.36 and a 1 year high of $272.60.

T-Mobile US Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Friday, May 29th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Friday, May 29th. T-Mobile US’s payout ratio is presently 42.02%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on TMUS shares. UBS Group reissued a “buy” rating on shares of T-Mobile US in a research note on Thursday, February 12th. Citigroup upped their target price on T-Mobile US from $220.00 to $225.00 and gave the company a “neutral” rating in a report on Tuesday, March 17th. Wolfe Research reissued an “outperform” rating and set a $255.00 target price on shares of T-Mobile US in a research report on Thursday, February 12th. Morgan Stanley lowered their price target on shares of T-Mobile US from $280.00 to $260.00 and set an “overweight” rating for the company in a report on Wednesday, December 10th. Finally, Weiss Ratings downgraded shares of T-Mobile US from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $257.26.

T-Mobile US Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.