Wealthcare Advisory Partners LLC Raises Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Wealthcare Advisory Partners LLC increased its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 23.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,754 shares of the Wireless communications provider’s stock after buying an additional 529 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in T-Mobile US were worth $449,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in shares of T-Mobile US in the fourth quarter valued at about $3,338,708,000. Morgan Stanley boosted its holdings in T-Mobile US by 0.9% in the 3rd quarter. Morgan Stanley now owns 11,255,490 shares of the Wireless communications provider’s stock valued at $1,576,332,000 after purchasing an additional 104,490 shares in the last quarter. Royal Bank of Canada raised its stake in shares of T-Mobile US by 7.1% during the 3rd quarter. Royal Bank of Canada now owns 10,505,308 shares of the Wireless communications provider’s stock worth $1,471,269,000 after buying an additional 693,443 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of T-Mobile US by 200.0% in the 4th quarter. Wellington Management Group LLP now owns 6,362,601 shares of the Wireless communications provider’s stock valued at $1,020,116,000 after buying an additional 4,241,877 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of T-Mobile US by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,258,386 shares of the Wireless communications provider’s stock valued at $682,699,000 after buying an additional 23,800 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insider Buying and Selling at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 189,670 shares of T-Mobile US stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $161.41, for a total value of $30,614,634.70. Following the transaction, the director now directly owns 680,857,456 shares of the company’s stock, valued at approximately $109,897,201,972.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CAO Dara Bazzano sold 4,300 shares of the company’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $179.78, for a total transaction of $773,054.00. Following the completion of the sale, the chief accounting officer now directly owns 6,202 shares of the company’s stock, valued at approximately $1,114,995.56. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Telekom Ag Deutsche sold 189,670 shares of the firm’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $161.41, for a total value of $30,614,634.70. Following the completion of the transaction, the director now directly owns 680,857,456 shares in the company, valued at $109,897,201,972.96. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,586,500 shares of company stock valued at $1,102,006,954. Company insiders own 0.67% of the company’s stock.

T-Mobile US Stock Performance

Shares of TMUS opened at $176.18 on Monday. T-Mobile US, Inc. has a 1 year low of $131.47 and a 1 year high of $182.67. The company’s 50 day simple moving average is $169.84 and its 200 day simple moving average is $164.54. The company has a market capitalization of $206.46 billion, a price-to-earnings ratio of 23.97, a PEG ratio of 0.69 and a beta of 0.50. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.86 and a current ratio of 0.94.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.17. The firm had revenue of $19.59 billion for the quarter, compared to analyst estimates of $19.81 billion. T-Mobile US had a return on equity of 13.61% and a net margin of 11.15%. The firm’s quarterly revenue was down .2% on a year-over-year basis. During the same period last year, the company earned $1.58 EPS. On average, sell-side analysts predict that T-Mobile US, Inc. will post 9.01 EPS for the current year.

T-Mobile US Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Friday, August 30th will be issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend is Friday, August 30th. T-Mobile US’s payout ratio is currently 35.37%.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Benchmark reiterated a “buy” rating and issued a $200.00 price objective on shares of T-Mobile US in a research report on Wednesday, May 29th. Oppenheimer reiterated an “outperform” rating and issued a $190.00 price objective on shares of T-Mobile US in a research note on Wednesday, April 3rd. TD Cowen lowered their target price on shares of T-Mobile US from $204.00 to $202.00 and set a “buy” rating on the stock in a research report on Friday, April 26th. Bank of America boosted their price target on T-Mobile US from $175.00 to $195.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. Finally, Citigroup upped their price target on T-Mobile US from $176.00 to $184.00 and gave the stock a “buy” rating in a report on Monday, March 25th. Fourteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $190.36.

T-Mobile US Company 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.