Sequoia Financial Advisors LLC Buys 3,916 Shares of T-Mobile US, Inc. $TMUS

Sequoia Financial Advisors LLC grew its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 21.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,454 shares of the Wireless communications provider’s stock after acquiring an additional 3,916 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in T-Mobile US were worth $3,766,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Sei Investments Co. grew its position in T-Mobile US by 6.3% in the 2nd quarter. Sei Investments Co. now owns 142,587 shares of the Wireless communications provider’s stock worth $33,972,000 after purchasing an additional 8,491 shares in the last quarter. Diversify Advisory Services LLC lifted its position in shares of T-Mobile US by 315.7% during the 2nd quarter. Diversify Advisory Services LLC now owns 4,548 shares of the Wireless communications provider’s stock worth $1,147,000 after buying an additional 3,454 shares in the last quarter. Darwin Wealth Management LLC purchased a new position in shares of T-Mobile US in the 2nd quarter worth approximately $375,000. Raymond James Financial Inc. boosted its stake in shares of T-Mobile US by 0.5% in the 2nd quarter. Raymond James Financial Inc. now owns 2,054,144 shares of the Wireless communications provider’s stock worth $489,420,000 after buying an additional 9,568 shares during the last quarter. Finally, Viking Global Investors LP boosted its stake in shares of T-Mobile US by 81.7% in the 2nd quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider’s stock worth $677,925,000 after buying an additional 1,279,422 shares during the last quarter. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Up 2.9%

T-Mobile US stock opened at $182.33 on Friday. The firm has a 50 day moving average price of $181.92 and a 200-day moving average price of $191.22. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 1.48. T-Mobile US, Inc. has a twelve month low of $165.66 and a twelve month high of $244.24. The company has a market capitalization of $195.58 billion, a P/E ratio of 19.09, a P/E/G ratio of 1.17 and a beta of 0.34.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 EPS for the quarter, topping analysts’ consensus estimates of $2.59 by $0.40. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. The company had revenue of $22.79 billion for the quarter, compared to analysts’ expectations of $22.95 billion. During the same quarter in the previous year, the firm posted $2.84 EPS. T-Mobile US’s revenue was up 7.9% on a year-over-year basis. As a group, equities analysts predict that T-Mobile US, Inc. will post 10.82 EPS for the current year.

T-Mobile US Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Friday, August 28th were given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Friday, August 28th. T-Mobile US’s dividend payout ratio (DPR) is currently 42.72%.

Analyst Upgrades and Downgrades

TMUS has been the subject of a number of research analyst reports. Benchmark decreased their price target on T-Mobile US from $295.00 to $280.00 and set a “buy” rating for the company in a research report on Friday, July 24th. Morgan Stanley dropped their price target on T-Mobile US from $260.00 to $230.00 and set an “overweight” rating on the stock in a report on Tuesday, July 7th. JPMorgan Chase & Co. reissued a “buy” rating on shares of T-Mobile US in a research report on Tuesday, May 19th. Barclays reduced their price objective on T-Mobile US from $230.00 to $215.00 and set an “overweight” rating for the company in a research note on Friday, July 24th. Finally, Bank of America raised T-Mobile US from a “neutral” rating to a “buy” rating and set a $220.00 target price for the company in a research report on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, T-Mobile US currently has an average rating of “Moderate Buy” and an average target price of $252.08.

About T-Mobile US

T-Mobile US, Inc (NASDAQ: TMUS) is a wireless communications company that provides mobile voice, messaging and data services to consumers, businesses and government customers in the United States. Its offerings include postpaid and prepaid wireless plans, connected devices, smartphones, accessories and related communications services.

The company operates its consumer business primarily under the T-Mobile and Metro by T-Mobile brands. It also provides fixed wireless broadband, which uses its wireless network to deliver internet access to homes and businesses, as well as specialized connectivity services for connected devices and other applications.

T-Mobile US operates a nationwide wireless network, including a broad 5G network, and serves customers throughout the United States, including Puerto Rico and the U.S.