Armstrong Advisory Group Inc. Sells 63 Shares of T-Mobile US, Inc. $TMUS

Armstrong Advisory Group Inc. lessened its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 20.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 250 shares of the Wireless communications provider’s stock after selling 63 shares during the period. Armstrong Advisory Group Inc.’s holdings in T-Mobile US were worth $60,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of TMUS. GAMMA Investing LLC raised its stake in shares of T-Mobile US by 1.4% during the 2nd quarter. GAMMA Investing LLC now owns 11,605 shares of the Wireless communications provider’s stock worth $2,765,000 after purchasing an additional 156 shares in the last quarter. U.S. Capital Wealth Advisors LLC increased its holdings in T-Mobile US by 1,110.2% during the second quarter. U.S. Capital Wealth Advisors LLC now owns 15,345 shares of the Wireless communications provider’s stock worth $3,656,000 after buying an additional 14,077 shares during the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT raised its position in T-Mobile US by 35.7% during the second quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 19,000 shares of the Wireless communications provider’s stock worth $4,527,000 after acquiring an additional 5,000 shares in the last quarter. Park Avenue Securities LLC lifted its stake in T-Mobile US by 7.6% in the second quarter. Park Avenue Securities LLC now owns 37,195 shares of the Wireless communications provider’s stock valued at $8,862,000 after acquiring an additional 2,622 shares during the last quarter. Finally, Arrow Investment Advisors LLC grew its position in shares of T-Mobile US by 5.7% in the 2nd quarter. Arrow Investment Advisors LLC now owns 1,240 shares of the Wireless communications provider’s stock valued at $295,000 after acquiring an additional 67 shares during the period. 42.49% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the business’s stock in a transaction on Monday, July 7th. The shares were sold at an average price of $238.08, for a total value of $16,627,507.20. Following the transaction, the director owned 647,660,844 shares in the company, valued at $154,195,093,739.52. The trade was a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 2,536,460 shares of company stock worth $611,607,700 over the last ninety days. 0.37% of the stock is owned by company insiders.

T-Mobile US Stock Up 0.9%

NASDAQ:TMUS opened at $239.49 on Wednesday. The company has a market cap of $269.53 billion, a PE ratio of 22.59, a P/E/G ratio of 1.30 and a beta of 0.61. The firm’s 50 day simple moving average is $244.34 and its 200 day simple moving average is $245.31. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.21 and a quick ratio of 1.13. T-Mobile US, Inc. has a one year low of $200.88 and a one year high of $276.49.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.69 by $0.15. The company had revenue of $21.13 billion for the quarter, compared to analysts’ expectations of $20.99 billion. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. T-Mobile US’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.49 earnings per share. On average, research analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 1.7%. This is a boost from T-Mobile US’s previous quarterly dividend of $0.88. The ex-dividend date is Wednesday, November 26th. T-Mobile US’s dividend payout ratio is currently 33.21%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley upped their target price on shares of T-Mobile US from $265.00 to $285.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. The Goldman Sachs Group began coverage on T-Mobile US in a research note on Tuesday, September 2nd. They issued a “buy” rating and a $286.00 price objective on the stock. Royal Bank Of Canada raised their price objective on T-Mobile US from $265.00 to $270.00 and gave the company a “sector perform” rating in a research report on Friday, July 25th. Arete Research raised T-Mobile US to a “strong-buy” rating in a report on Tuesday, July 8th. Finally, Redburn Atlantic upgraded T-Mobile US from a “strong sell” rating to a “hold” rating and set a $228.00 price target on the stock in a research note on Monday, July 7th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $258.02.

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.