4,553 Shares in T-Mobile US, Inc. $TMUS Purchased by New Wave Wealth Advisors LLC

New Wave Wealth Advisors LLC purchased a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,553 shares of the Wireless communications provider’s stock, valued at approximately $700,000.

Several other hedge funds and other institutional investors have also modified their holdings of TMUS. Main Street Group LTD purchased a new stake in shares of T-Mobile US in the 1st quarter valued at $25,000. Paladin Partners LLC purchased a new position in T-Mobile US during the 2nd quarter valued at about $25,000. Sachetta LLC grew its position in T-Mobile US by 52.9% in the 1st quarter. Sachetta LLC now owns 159 shares of the Wireless communications provider’s stock valued at $33,000 after acquiring an additional 55 shares in the last quarter. Dunhill Financial LLC purchased a new stake in T-Mobile US during the second quarter worth about $27,000. Finally, Cornerstone Planning Group LLC lifted its position in shares of T-Mobile US by 112.2% during the first quarter. Cornerstone Planning Group LLC now owns 174 shares of the Wireless communications provider’s stock worth $34,000 after purchasing an additional 92 shares in the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. TD Cowen lowered their price objective on shares of T-Mobile US from $261.00 to $260.00 and set a “buy” rating for the company in a research note on Friday, July 24th. KeyCorp reduced their target price on shares of T-Mobile US from $260.00 to $250.00 and set an “overweight” rating on the stock in a report on Friday, July 24th. Morgan Stanley decreased their price target on shares of T-Mobile US from $260.00 to $230.00 and set an “overweight” rating for the company in a research report on Tuesday, July 7th. Wells Fargo & Company decreased their price target on shares of T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating for the company in a research report on Friday, July 24th. Finally, Bank of America upgraded shares of T-Mobile US from a “neutral” rating to a “buy” rating and set a $220.00 price target for the company in a research note on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, T-Mobile US currently has a consensus rating of “Moderate Buy” and an average target price of $244.65.

T-Mobile US Stock Down 0.7%

Shares of TMUS stock traded down $1.12 during trading hours on Monday, reaching $157.97. 1,925,381 shares of the stock were exchanged, compared to its average volume of 5,633,942. The business’s fifty day moving average is $172.91 and its two-hundred day moving average is $182.19. The firm has a market capitalization of $169.46 billion, a P/E ratio of 16.54, a P/E/G ratio of 0.99 and a beta of 0.33. T-Mobile US, Inc. has a 12-month low of $147.90 and a 12-month high of $230.54. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.92 and a quick ratio of 0.83.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share (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 during the quarter, compared to the consensus estimate of $22.95 billion. During the same quarter in the previous year, the firm earned $2.84 earnings per share. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. As a group, research analysts expect that T-Mobile US, Inc. will post 11.17 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 10th. Stockholders of record on Wednesday, November 25th will be issued a $1.17 dividend. This represents a $4.68 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Wednesday, November 25th. This is a positive change from T-Mobile US’s previous quarterly dividend of $1.02. T-Mobile US’s dividend payout ratio (DPR) is 42.72%.

Insider Activity

In related news, CAO Daniel James Drobac sold 772 shares of the business’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $178.33, for a total transaction of $137,670.76. Following the completion of the transaction, the chief accounting officer owned 35,118 shares in the company, valued at approximately $6,262,592.94. The trade was a 2.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.32% of the company’s stock.

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, Puerto Rico and the U.S. Virgin Islands. Its offerings include postpaid and prepaid wireless plans, connected devices, broadband internet and other communications services.

The company operates a nationwide wireless network, including 5G services, and sells smartphones, tablets, connected devices and related accessories through retail stores, online channels and third-party distributors.