T-Mobile US, Inc. $TMUS Shares Purchased by IFP Advisors Inc

IFP Advisors Inc boosted its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 224.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,295 shares of the Wireless communications provider’s stock after buying an additional 10,584 shares during the period. IFP Advisors Inc’s holdings in T-Mobile US were worth $3,718,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Wellington Management Group LLP increased its position in T-Mobile US by 1.7% in the first quarter. Wellington Management Group LLP now owns 12,846,939 shares of the Wireless communications provider’s stock worth $3,426,407,000 after buying an additional 214,224 shares during the period. Canada Pension Plan Investment Board increased its position in T-Mobile US by 14.3% in the first quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider’s stock worth $1,837,399,000 after buying an additional 864,030 shares during the period. Goldman Sachs Group Inc. increased its position in T-Mobile US by 25.4% in the first quarter. Goldman Sachs Group Inc. now owns 4,172,644 shares of the Wireless communications provider’s stock worth $1,112,886,000 after buying an additional 844,932 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in T-Mobile US by 4.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,050,797 shares of the Wireless communications provider’s stock worth $1,080,388,000 after buying an additional 169,562 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in T-Mobile US by 2.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,295,432 shares of the Wireless communications provider’s stock worth $878,925,000 after buying an additional 65,394 shares during the period. 42.49% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Wolfe Research cut their price objective on shares of T-Mobile US from $300.00 to $290.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 30th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of T-Mobile US from $280.00 to $300.00 in a research note on Thursday, October 2nd. KeyCorp restated an “underweight” rating and set a $200.00 price objective on shares of T-Mobile US in a research note on Wednesday, July 9th. Scotiabank lifted their price objective on shares of T-Mobile US from $271.50 to $278.00 and gave the company a “sector outperform” rating in a research note on Monday, October 6th. Finally, Raymond James Financial upgraded shares of T-Mobile US to a “hold” rating in a research note on Wednesday, October 1st. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $265.13.

Insider Transactions at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $232.63, for a total transaction of $16,246,879.20. Following the transaction, the director directly owned 646,822,764 shares of the company’s stock, valued at $150,470,379,589.32. The trade was a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 2,499,001 shares of company stock worth $602,845,239 over the last quarter. 0.37% of the stock is owned by insiders.

T-Mobile US Price Performance

NASDAQ:TMUS opened at $228.79 on Friday. The business’s 50-day moving average price is $243.36 and its 200 day moving average price is $243.02. The firm has a market cap of $257.48 billion, a P/E ratio of 21.58, a PEG ratio of 1.54 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. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.69 by $0.15. The firm had revenue of $21.13 billion for the quarter, compared to analyst estimates of $20.99 billion. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.T-Mobile US’s revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the company earned $2.49 earnings per share. As a group, sell-side analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be issued a dividend of $1.02 per share. 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 dividend on an annualized basis and a yield of 1.8%. T-Mobile US’s dividend payout ratio is presently 33.21%.

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.