T-Mobile US, Inc. (NASDAQ:TMUS) Shares Bought by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. lifted its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 16.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,284 shares of the Wireless communications provider’s stock after purchasing an additional 3,590 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in T-Mobile US were worth $4,455,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Compton Wealth Advisory Group LLC lifted its holdings in T-Mobile US by 0.4% in the 2nd quarter. Compton Wealth Advisory Group LLC now owns 15,009 shares of the Wireless communications provider’s stock worth $2,644,000 after buying an additional 56 shares in the last quarter. Benjamin Edwards Inc. boosted its holdings in T-Mobile US by 0.7% in the second quarter. Benjamin Edwards Inc. now owns 8,331 shares of the Wireless communications provider’s stock valued at $1,468,000 after purchasing an additional 56 shares during the last quarter. Anfield Capital Management LLC grew its stake in T-Mobile US by 18.7% during the 2nd quarter. Anfield Capital Management LLC now owns 362 shares of the Wireless communications provider’s stock valued at $64,000 after purchasing an additional 57 shares in the last quarter. Capital Advisors Ltd. LLC increased its holdings in T-Mobile US by 22.6% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 315 shares of the Wireless communications provider’s stock worth $55,000 after purchasing an additional 58 shares during the last quarter. Finally, Proficio Capital Partners LLC raised its position in shares of T-Mobile US by 2.3% in the 1st quarter. Proficio Capital Partners LLC now owns 2,840 shares of the Wireless communications provider’s stock valued at $464,000 after purchasing an additional 64 shares in the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at T-Mobile US

In other news, Director Raul Marcelo Claure sold 2,706 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $200.11, for a total value of $541,497.66. Following the completion of the transaction, the director now directly owns 1,826,204 shares in the company, valued at $365,441,682.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Raul Marcelo Claure sold 2,706 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $200.11, for a total value of $541,497.66. Following the completion of the sale, the director now owns 1,826,204 shares in the company, valued at $365,441,682.44. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jon Freier sold 10,000 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $181.87, for a total value of $1,818,700.00. Following the transaction, the insider now directly owns 162,628 shares of the company’s stock, valued at approximately $29,577,154.36. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 303,492 shares of company stock valued at $59,546,006. Company insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on TMUS. TD Cowen raised their price target on shares of T-Mobile US from $202.00 to $216.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. StockNews.com raised shares of T-Mobile US from a “hold” rating to a “buy” rating in a research report on Tuesday, July 30th. JPMorgan Chase & Co. lifted their price target on T-Mobile US from $220.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday, September 19th. Bank of America upped their price objective on T-Mobile US from $175.00 to $195.00 and gave the company a “buy” rating in a research note on Monday, June 10th. Finally, Barclays lifted their target price on T-Mobile US from $180.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Eighteen investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $214.36.

T-Mobile US Stock Performance

TMUS opened at $206.36 on Tuesday. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 1.22. The business’s 50 day moving average is $194.93 and its 200-day moving average is $178.27. The stock has a market cap of $241.82 billion, a PE ratio of 28.08, a price-to-earnings-growth ratio of 1.07 and a beta of 0.51. T-Mobile US, Inc. has a twelve month low of $135.82 and a twelve month high of $208.16.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.22. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The firm had revenue of $19.77 billion for the quarter, compared to the consensus estimate of $19.61 billion. During the same quarter in the previous year, the business earned $1.86 EPS. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, analysts predict that T-Mobile US, Inc. will post 9.13 earnings per share for the current year.

T-Mobile US Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend is Wednesday, November 27th. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.65. T-Mobile US’s dividend payout ratio is currently 47.89%.

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.