Cyndeo Wealth Partners LLC Buys 235 Shares of T-Mobile US, Inc. $TMUS

Cyndeo Wealth Partners LLC increased its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 14.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,888 shares of the Wireless communications provider’s stock after purchasing an additional 235 shares during the period. Cyndeo Wealth Partners LLC’s holdings in T-Mobile US were worth $450,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of TMUS. Nuveen LLC bought a new position in shares of T-Mobile US in the first quarter worth approximately $618,248,000. Assenagon Asset Management S.A. increased its position in shares of T-Mobile US by 518.8% in the second quarter. Assenagon Asset Management S.A. now owns 1,383,922 shares of the Wireless communications provider’s stock worth $329,733,000 after purchasing an additional 1,160,275 shares during the last quarter. Canada Pension Plan Investment Board increased its position in shares of 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 purchasing an additional 864,030 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of 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 purchasing an additional 844,932 shares during the last quarter. Finally, Amundi grew its position in T-Mobile US by 34.4% during the first quarter. Amundi now owns 3,176,925 shares of the Wireless communications provider’s stock valued at $851,066,000 after acquiring an additional 813,331 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Telekom Ag Deutsche sold 64,426 shares of the firm’s stock in a transaction on Wednesday, October 8th. The stock was sold at an average price of $226.17, for a total value of $14,571,228.42. Following the completion of the sale, the director owned 628,039,751 shares of the company’s stock, valued at $142,043,750,483.67. This trade represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold a total of 2,499,001 shares of company stock valued at $602,845,239 over the last ninety days. Company insiders own 0.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TMUS. Redburn Atlantic upgraded shares of 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 report on Monday, July 7th. Deutsche Bank Aktiengesellschaft increased their price target on shares of T-Mobile US from $280.00 to $300.00 in a research report on Thursday, October 2nd. KeyCorp reiterated an “underweight” rating and set a $200.00 price target on shares of T-Mobile US in a research report on Wednesday, July 9th. Benchmark increased their price target on shares of T-Mobile US from $275.00 to $295.00 and gave the company a “buy” rating in a research report on Friday. Finally, Wolfe Research reduced their price target on shares of T-Mobile US from $300.00 to $290.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 30th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, T-Mobile US presently has a consensus rating of “Moderate Buy” and a consensus price target of $265.13.

T-Mobile US Stock Up 1.1%

Shares of T-Mobile US stock opened at $228.79 on Friday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21. T-Mobile US, Inc. has a 52-week low of $208.39 and a 52-week high of $276.49. The stock has a market capitalization of $257.48 billion, a price-to-earnings ratio of 21.58, a P/E/G ratio of 1.56 and a beta of 0.59. The company’s 50 day moving average price is $243.36 and its 200-day moving average price is $242.89.

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

T-Mobile US Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Wednesday, November 26th. This is a positive change 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 payout ratio is 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.