Summit Trail Advisors LLC Purchases 552 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Summit Trail Advisors LLC boosted its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 10.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,729 shares of the Wireless communications provider’s stock after acquiring an additional 552 shares during the quarter. Summit Trail Advisors LLC’s holdings in T-Mobile US were worth $1,009,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in TMUS. Chesapeake Wealth Management raised its holdings in shares of T-Mobile US by 3.1% in the 2nd quarter. Chesapeake Wealth Management now owns 5,062 shares of the Wireless communications provider’s stock valued at $892,000 after purchasing an additional 152 shares during the period. Thrivent Financial for Lutherans increased its position in T-Mobile US by 1.0% during the second quarter. Thrivent Financial for Lutherans now owns 77,358 shares of the Wireless communications provider’s stock worth $13,630,000 after buying an additional 775 shares during the last quarter. Pacer Advisors Inc. raised its stake in T-Mobile US by 0.5% in the second quarter. Pacer Advisors Inc. now owns 108,508 shares of the Wireless communications provider’s stock valued at $19,117,000 after buying an additional 547 shares during the period. Skandinaviska Enskilda Banken AB publ lifted its position in shares of T-Mobile US by 3.6% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 122,831 shares of the Wireless communications provider’s stock valued at $21,640,000 after buying an additional 4,266 shares during the last quarter. Finally, AE Wealth Management LLC boosted its stake in shares of T-Mobile US by 4.1% during the 2nd quarter. AE Wealth Management LLC now owns 16,792 shares of the Wireless communications provider’s stock worth $2,958,000 after acquiring an additional 657 shares during the period. Institutional investors and hedge funds own 42.49% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on TMUS. The Goldman Sachs Group initiated coverage on T-Mobile US in a report on Monday, July 1st. They set a “buy” rating and a $200.00 price target for the company. Sanford C. Bernstein raised shares of T-Mobile US to a “strong-buy” rating in a report on Wednesday, July 31st. Wells Fargo & Company increased their price target on shares of T-Mobile US from $200.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, September 12th. Citigroup boosted their price objective on T-Mobile US from $184.00 to $210.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Finally, Barclays upped their target price on T-Mobile US from $180.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Eighteen equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, T-Mobile US has a consensus rating of “Buy” and an average price target of $211.92.

Insiders Place Their Bets

In related news, Director Telekom Ag Deutsche sold 133,461 shares of T-Mobile US stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $175.86, for a total transaction of $23,470,451.46. Following the sale, the director now directly owns 670,545,206 shares of the company’s stock, valued at approximately $117,922,079,927.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Telekom Ag Deutsche sold 133,461 shares of the firm’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $175.86, for a total transaction of $23,470,451.46. Following the sale, the director now owns 670,545,206 shares of the company’s stock, valued at approximately $117,922,079,927.16. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Michael J. Katz sold 3,000 shares of the company’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $177.59, for a total value of $532,770.00. Following the completion of the transaction, the insider now directly owns 122,687 shares of the company’s stock, valued at approximately $21,787,984.33. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 706,875 shares of company stock valued at $130,909,198. 0.67% of the stock is currently owned by corporate insiders.

T-Mobile US Price Performance

TMUS stock opened at $199.44 on Friday. The company’s 50-day moving average price is $192.29 and its two-hundred day moving average price is $176.53. The firm has a market cap of $233.71 billion, a P/E ratio of 27.13, a P/E/G ratio of 0.74 and a beta of 0.51. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 1.22. T-Mobile US, Inc. has a 12 month low of $135.82 and a 12 month high of $206.30.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.22. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The business had revenue of $19.77 billion for the quarter, compared to analysts’ expectations of $19.61 billion. During the same period last year, the firm posted $1.86 earnings per share. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, analysts anticipate that T-Mobile US, Inc. will post 9.18 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders 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 1.76%. The ex-dividend date is Wednesday, November 27th. This is a boost from T-Mobile US’s previous quarterly dividend of $0.65. T-Mobile US’s 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.