Axxcess Wealth Management LLC Sells 484 Shares of T-Mobile US, Inc. $TMUS

Axxcess Wealth Management LLC trimmed its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 5.9% during the second quarter, HoldingsChannel reports. The fund owned 7,716 shares of the Wireless communications provider’s stock after selling 484 shares during the quarter. Axxcess Wealth Management LLC’s holdings in T-Mobile US were worth $1,838,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in TMUS. Activest Wealth Management grew its holdings in T-Mobile US by 9,400.0% during the 1st quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 94 shares during the last quarter. Missouri Trust & Investment Co boosted its stake in shares of T-Mobile US by 807.7% in the 2nd quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 105 shares during the last quarter. Stone House Investment Management LLC bought a new stake in shares of T-Mobile US in the 1st quarter valued at $29,000. TCTC Holdings LLC boosted its stake in shares of T-Mobile US by 208.1% in the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider’s stock valued at $30,000 after purchasing an additional 77 shares during the last quarter. Finally, Tsfg LLC bought a new stake in shares of T-Mobile US in the 1st quarter valued at $47,000. 42.49% of the stock is owned by institutional investors.

T-Mobile US Stock Down 1.2%

Shares of NASDAQ TMUS opened at $226.65 on Thursday. The firm has a market cap of $255.08 billion, a PE ratio of 21.38, a P/E/G ratio of 1.57 and a beta of 0.59. T-Mobile US, Inc. has a 12-month low of $208.39 and a 12-month high of $276.49. The company’s fifty day simple moving average is $242.60 and its 200 day simple moving average is $242.23. 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 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. The business had revenue of $21.13 billion for the quarter, compared to analyst estimates of $20.99 billion. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. T-Mobile US’s revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the firm earned $2.49 earnings per share. As a group, sell-side analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be issued a dividend of $1.02 per share. The ex-dividend date 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 annualized dividend and a yield of 1.8%. T-Mobile US’s dividend payout ratio is currently 38.49%.

Insiders Place Their Bets

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the company’s stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $232.63, for a total transaction of $16,246,879.20. Following the transaction, the director owned 646,822,764 shares in the company, valued at approximately $150,470,379,589.32. This represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 2,418,333 shares of company stock worth $584,293,759 in the last 90 days. Corporate insiders own 0.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on TMUS shares. BNP Paribas Exane upped their price objective on shares of T-Mobile US from $290.00 to $305.00 and gave the company an “outperform” rating in a research note on Monday, October 6th. KeyCorp reaffirmed an “underweight” rating and issued a $200.00 price objective on shares of T-Mobile US in a research note on Wednesday, July 9th. Wolfe Research reduced 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. JPMorgan Chase & Co. upped their price objective on shares of T-Mobile US from $280.00 to $300.00 and gave the company an “overweight” rating in a research note on Tuesday, September 30th. Finally, Benchmark increased their target price on shares of T-Mobile US from $275.00 to $295.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $265.13.

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.