Global Assets Advisory LLC Acquires New Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Global Assets Advisory LLC bought a new position in T-Mobile US, Inc. (NASDAQ:TMUS) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 30,582 shares of the Wireless communications provider’s stock, valued at approximately $4,992,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TMUS. Private Wealth Management Group LLC bought a new position in T-Mobile US during the fourth quarter worth about $27,000. Valley National Advisers Inc. grew its position in shares of T-Mobile US by 232.1% in the 4th quarter. Valley National Advisers Inc. now owns 176 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 123 shares during the period. Baker Avenue Asset Management LP increased its stake in T-Mobile US by 63.3% during the 3rd quarter. Baker Avenue Asset Management LP now owns 209 shares of the Wireless communications provider’s stock worth $29,000 after purchasing an additional 81 shares in the last quarter. Bay Harbor Wealth Management LLC acquired a new stake in T-Mobile US during the 4th quarter worth approximately $34,000. Finally, Raleigh Capital Management Inc. boosted its holdings in shares of T-Mobile US by 54.5% in the third quarter. Raleigh Capital Management Inc. now owns 255 shares of the Wireless communications provider’s stock valued at $36,000 after buying an additional 90 shares during the period. 42.49% of the stock is owned by institutional investors.

Analyst Ratings Changes

TMUS has been the topic of a number of research analyst reports. Bank of America raised their price objective on shares of T-Mobile US from $175.00 to $195.00 and gave the stock a “buy” rating in a report on Monday, June 10th. KeyCorp boosted their price target on T-Mobile US from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Royal Bank of Canada increased their price objective on T-Mobile US from $184.00 to $188.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. TD Cowen reduced their price target on T-Mobile US from $204.00 to $202.00 and set a “buy” rating for the company in a research report on Friday, April 26th. Finally, Benchmark reiterated a “buy” rating and issued a $200.00 price objective on shares of T-Mobile US in a report on Wednesday, May 29th. Fourteen analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, T-Mobile US presently has an average rating of “Buy” and an average price target of $190.36.

Insiders Place Their Bets

In other news, insider Michael J. Katz sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $163.22, for a total value of $489,660.00. Following the transaction, the insider now owns 125,687 shares of the company’s stock, valued at $20,514,632.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Michael J. Katz sold 3,000 shares of T-Mobile US stock in a transaction on Monday, April 1st. The stock was sold at an average price of $163.22, for a total transaction of $489,660.00. Following the completion of the sale, the insider now owns 125,687 shares of the company’s stock, valued at $20,514,632.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Telekom Ag Deutsche sold 189,670 shares of the company’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $161.87, for a total transaction of $30,701,882.90. Following the completion of the transaction, the director now owns 681,995,476 shares in the company, valued at $110,394,607,700.12. The disclosure for this sale can be found here. Insiders sold 6,434,996 shares of company stock worth $1,069,616,724 over the last three months. Insiders own 0.67% of the company’s stock.

T-Mobile US Stock Performance

TMUS opened at $177.95 on Tuesday. The company has a quick ratio of 0.86, a current ratio of 0.94 and a debt-to-equity ratio of 1.25. T-Mobile US, Inc. has a 12-month low of $131.47 and a 12-month high of $182.67. The business has a 50 day moving average of $168.55 and a 200-day moving average of $164.03. The stock has a market cap of $208.53 billion, a price-to-earnings ratio of 24.21, a PEG ratio of 0.69 and a beta of 0.50.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.17. T-Mobile US had a return on equity of 13.61% and a net margin of 11.15%. The business had revenue of $19.59 billion during the quarter, compared to the consensus estimate of $19.81 billion. During the same quarter last year, the firm posted $1.58 EPS. The company’s quarterly revenue was down .2% on a year-over-year basis. On average, equities research analysts expect that T-Mobile US, Inc. will post 9.02 earnings per share for the current year.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Friday, August 30th will be issued a $0.65 dividend. The ex-dividend date is Friday, August 30th. This represents a $2.60 annualized dividend and a yield of 1.46%. T-Mobile US’s dividend payout ratio is currently 35.37%.

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.