Aventura Private Wealth LLC Acquires New Shares in T-Mobile US, Inc. $TMUS

Aventura Private Wealth LLC purchased a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 2,684 shares of the Wireless communications provider’s stock, valued at approximately $545,000.

A number of other large investors also recently modified their holdings of TMUS. Howard Hughes Medical Institute bought a new stake in shares of T-Mobile US during the 2nd quarter worth $25,000. United Community Bank increased its stake in T-Mobile US by 131.1% in the third quarter. United Community Bank now owns 104 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 59 shares during the last quarter. Elevation Wealth Partners LLC increased its stake in T-Mobile US by 190.0% in the third quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 76 shares during the last quarter. CoreFirst Bank & Trust purchased a new stake in T-Mobile US during the second quarter valued at about $31,000. Finally, Kilter Group LLC purchased a new stake in T-Mobile US during the second quarter valued at about $34,000. 42.49% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director G Michael Sievert sold 1,089 shares of the company’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $221.85, for a total transaction of $241,594.65. Following the transaction, the director directly owned 125,696 shares of the company’s stock, valued at $27,885,657.60. This represents a 0.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Raul Marcelo Claure sold 550,000 shares of the business’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $217.57, for a total value of $119,663,500.00. Following the completion of the transaction, the director directly owned 891,204 shares of the company’s stock, valued at approximately $193,899,254.28. This trade represents a 38.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 694,134 shares of company stock worth $150,847,799. 0.37% of the stock is owned by corporate insiders.

T-Mobile US Trading Up 0.9%

NASDAQ:TMUS opened at $208.47 on Friday. The stock has a market cap of $229.70 billion, a price-to-earnings ratio of 21.47, a PEG ratio of 1.35 and a beta of 0.43. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.45. The company’s 50 day moving average price is $205.25 and its 200-day moving average price is $213.32. T-Mobile US, Inc. has a 52 week low of $181.36 and a 52 week 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 paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.0%. The ex-dividend date is Friday, May 29th. T-Mobile US’s dividend payout ratio (DPR) is currently 42.02%.

Wall Street Analyst Weigh In

TMUS has been the subject of a number of research reports. DZ Bank reiterated a “buy” rating on shares of T-Mobile US in a report on Friday, February 13th. Scotiabank cut their target price on T-Mobile US from $270.50 to $266.00 and set a “sector outperform” rating for the company in a research note on Thursday, February 12th. Sanford C. Bernstein reissued a “neutral” rating on shares of T-Mobile US in a research note on Thursday, February 19th. TD Cowen lowered their price objective on shares of T-Mobile US from $263.00 to $252.00 and set a “buy” rating for the company in a report on Thursday, February 12th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of T-Mobile US in a research note on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, T-Mobile US currently has a consensus rating of “Moderate Buy” and an average target price of $257.30.

About T-Mobile US

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.