Savvy Advisors Inc. Raises Stock Position in T-Mobile US, Inc. $TMUS

Savvy Advisors Inc. grew its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 23.6% during the second quarter, Holdings Channel reports. The firm owned 6,871 shares of the Wireless communications provider’s stock after purchasing an additional 1,312 shares during the quarter. Savvy Advisors Inc.’s holdings in T-Mobile US were worth $1,637,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Activest Wealth Management increased its stake in T-Mobile US by 9,400.0% during the first quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 94 shares during the period. Missouri Trust & Investment Co grew its position in shares of T-Mobile US by 807.7% during the second quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 105 shares in the last quarter. Stone House Investment Management LLC acquired a new position in shares of T-Mobile US during the first quarter worth about $29,000. TCTC Holdings LLC grew its position in shares of T-Mobile US by 208.1% during the first quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider’s stock worth $30,000 after buying an additional 77 shares in the last quarter. Finally, N.E.W. Advisory Services LLC acquired a new position in shares of T-Mobile US during the first quarter worth about $47,000. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TMUS. Morgan Stanley lowered their price objective on T-Mobile US from $285.00 to $280.00 and set an “overweight” rating for the company in a research report on Friday, October 24th. The Goldman Sachs Group began coverage on T-Mobile US in a research report on Tuesday, September 2nd. They set a “buy” rating and a $286.00 price objective for the company. Moffett Nathanson boosted their price objective on T-Mobile US from $210.00 to $230.00 and gave the stock a “neutral” rating in a research report on Thursday, October 2nd. Arete Research raised T-Mobile US to a “strong-buy” rating in a research report on Tuesday, July 8th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on T-Mobile US from $280.00 to $300.00 in a research report on Thursday, October 2nd. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $266.63.

Insider Buying and Selling at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 53,507 shares of the stock in a transaction that occurred on Tuesday, October 28th. The stock was sold at an average price of $220.77, for a total value of $11,812,740.39. Following the completion of the sale, the director directly owned 582,067,249 shares of the company’s stock, valued at approximately $128,502,986,561.73. This represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 2,321,367 shares of company stock valued at $556,657,060 over the last three months. 0.37% of the stock is currently owned by corporate insiders.

T-Mobile US Stock Performance

Shares of TMUS opened at $210.65 on Friday. The stock has a 50 day moving average price of $236.02 and a 200 day moving average price of $239.52. The company has a quick ratio of 0.80, a current ratio of 0.89 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $235.61 billion, a price-to-earnings ratio of 20.25, a price-to-earnings-growth ratio of 1.51 and a beta of 0.59. T-Mobile US, Inc. has a 52-week low of $208.39 and a 52-week high of $276.49.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.40 by $0.01. The firm had revenue of $21.96 billion during the quarter, compared to the consensus estimate of $21.61 billion. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the company posted $2.61 earnings per share. Research analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal 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 issued a $1.02 dividend. The ex-dividend date of this dividend is Wednesday, November 26th. This is an increase from T-Mobile US’s previous quarterly dividend of $0.88. This represents a $4.08 annualized dividend and a dividend yield of 1.9%. T-Mobile US’s dividend payout ratio is currently 39.23%.

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.