Legacy Financial Advisors Inc. Has $382,000 Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Legacy Financial Advisors Inc. increased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 3.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,171 shares of the Wireless communications provider’s stock after acquiring an additional 73 shares during the quarter. Legacy Financial Advisors Inc.’s holdings in T-Mobile US were worth $382,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. WASHINGTON TRUST Co increased its holdings in shares of T-Mobile US by 143.1% in the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 83 shares during the last quarter. Summit Securities Group LLC acquired a new position in T-Mobile US in the 2nd quarter valued at about $27,000. Y.D. More Investments Ltd acquired a new position in T-Mobile US in the 2nd quarter valued at about $27,000. Westside Investment Management Inc. raised its holdings in T-Mobile US by 75.8% in the 1st quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 75 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in T-Mobile US during the second quarter worth approximately $30,000. Institutional investors own 42.49% of the company’s stock.

Wall Street Analysts Forecast Growth

TMUS has been the topic of a number of recent research reports. KeyCorp increased their target price on T-Mobile US from $190.00 to $230.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. Citigroup increased their price objective on T-Mobile US from $184.00 to $210.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Morgan Stanley boosted their target price on shares of T-Mobile US from $191.00 to $209.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. Wells Fargo & Company raised their price target on shares of T-Mobile US from $200.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, September 12th. Finally, TD Cowen boosted their price objective on shares of T-Mobile US from $202.00 to $216.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Eighteen research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $211.92.

T-Mobile US Price Performance

T-Mobile US stock opened at $199.44 on Friday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.78 and a current ratio of 0.84. T-Mobile US, Inc. has a 52 week low of $135.82 and a 52 week high of $206.30. The stock has a market capitalization of $233.71 billion, a P/E ratio of 27.13, a price-to-earnings-growth ratio of 0.74 and a beta of 0.51. The stock has a fifty day moving average of $192.29 and a 200-day moving average of $176.53.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, topping the consensus estimate of $2.27 by $0.22. The firm had revenue of $19.77 billion during the quarter, compared to the consensus estimate of $19.61 billion. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The business’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.86 earnings per share. On average, sell-side analysts expect that T-Mobile US, Inc. will post 9.18 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be paid a $0.88 dividend. This is an increase from T-Mobile US’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $3.52 annualized dividend and a yield of 1.76%. T-Mobile US’s dividend payout ratio is presently 35.37%.

Insider Buying and Selling at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 133,461 shares of the company’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $178.04, for a total transaction of $23,761,396.44. Following the completion of the transaction, the director now directly owns 670,812,128 shares in the company, valued at $119,431,391,269.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Jon Freier sold 10,000 shares of T-Mobile US stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $181.87, for a total transaction of $1,818,700.00. Following the sale, the insider now directly owns 162,628 shares in the company, valued at approximately $29,577,154.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Telekom Ag Deutsche sold 133,461 shares of the company’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $178.04, for a total transaction of $23,761,396.44. Following the completion of the transaction, the director now owns 670,812,128 shares of the company’s stock, valued at $119,431,391,269.12. The disclosure for this sale can be found here. Insiders have sold 706,875 shares of company stock worth $130,909,198 over the last quarter. Corporate insiders own 0.67% of the company’s stock.

T-Mobile US 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.