Resources Management Corp CT ADV Buys 1,702 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Resources Management Corp CT ADV raised its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 6.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,065 shares of the Wireless communications provider’s stock after purchasing an additional 1,702 shares during the quarter. Resources Management Corp CT ADV’s holdings in T-Mobile US were worth $4,768,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Bank of Montreal Can increased its stake in T-Mobile US by 10.7% during the 2nd quarter. Bank of Montreal Can now owns 1,012,878 shares of the Wireless communications provider’s stock valued at $180,125,000 after purchasing an additional 97,732 shares in the last quarter. HighVista Strategies LLC boosted its stake in T-Mobile US by 25.3% during the 2nd quarter. HighVista Strategies LLC now owns 11,900 shares of the Wireless communications provider’s stock valued at $2,097,000 after purchasing an additional 2,400 shares during the last quarter. Cyrus J. Lawrence LLC lifted its holdings in shares of T-Mobile US by 0.4% during the second quarter. Cyrus J. Lawrence LLC now owns 65,629 shares of the Wireless communications provider’s stock valued at $11,562,000 after purchasing an additional 243 shares in the last quarter. DRW Securities LLC purchased a new position in shares of T-Mobile US during the second quarter valued at approximately $1,987,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in T-Mobile US by 23.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,290 shares of the Wireless communications provider’s stock worth $235,000 after purchasing an additional 246 shares during the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other T-Mobile US news, Director Telekom Ag Deutsche sold 133,461 shares of the firm’s stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $175.86, for a total value of $23,470,451.46. Following the transaction, the director now directly owns 670,545,206 shares of the company’s stock, valued at approximately $117,922,079,927.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Michael J. Katz sold 3,000 shares of T-Mobile US stock in a transaction that occurred on Monday, July 1st. The shares were 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 owns 122,687 shares in the company, valued at $21,787,984.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Telekom Ag Deutsche sold 133,461 shares of the company’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $175.86, for a total value of $23,470,451.46. Following the sale, the director now directly owns 670,545,206 shares in the company, valued at approximately $117,922,079,927.16. The disclosure for this sale can be found here. Insiders have sold a total of 573,414 shares of company stock valued at $107,147,801 in the last 90 days. 0.67% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of T-Mobile US in a report on Monday, July 1st. They issued a “buy” rating and a $200.00 price objective on the stock. TD Cowen raised their price objective on T-Mobile US from $202.00 to $216.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Deutsche Bank Aktiengesellschaft boosted their price objective on T-Mobile US from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Benchmark lifted their price target on shares of T-Mobile US from $220.00 to $250.00 and gave the company a “buy” rating in a report on Friday. Finally, Oppenheimer raised their price objective on shares of T-Mobile US from $200.00 to $215.00 and gave the company an “outperform” rating in a research report on Thursday, September 19th. 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, T-Mobile US currently has an average rating of “Buy” and a consensus target price of $211.92.

T-Mobile US Stock Up 1.5 %

TMUS stock opened at $202.46 on Tuesday. T-Mobile US, Inc. has a one year low of $135.82 and a one year high of $206.30. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.78 and a current ratio of 0.84. The firm’s fifty day moving average is $192.71 and its 200 day moving average is $176.86. The firm has a market cap of $237.25 billion, a PE ratio of 27.55, a P/E/G ratio of 0.74 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results 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 firm had revenue of $19.77 billion for the quarter, compared to analysts’ expectations of $19.61 billion. During the same quarter last year, the company earned $1.86 EPS. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. On average, research analysts forecast that T-Mobile US, Inc. will post 9.18 EPS for the current year.

T-Mobile US Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be issued a $0.88 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $3.52 dividend on an annualized basis and a yield of 1.74%. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.65. T-Mobile US’s dividend payout ratio (DPR) is presently 35.37%.

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.