Sage Mountain Advisors LLC Buys 752 Shares of T-Mobile US, Inc. $TMUS

Sage Mountain Advisors LLC lifted its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 23.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,952 shares of the Wireless communications provider’s stock after acquiring an additional 752 shares during the quarter. Sage Mountain Advisors LLC’s holdings in T-Mobile US were worth $942,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Activest Wealth Management boosted its holdings in shares of T-Mobile US by 9,400.0% in 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 in the last quarter. Stone House Investment Management LLC acquired a new position in shares of T-Mobile US in the 1st quarter worth approximately $29,000. TCTC Holdings LLC boosted its holdings 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 worth $30,000 after acquiring an additional 77 shares in the last quarter. Missouri Trust & Investment Co boosted its holdings 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 worth $28,000 after acquiring an additional 105 shares in the last quarter. Finally, N.E.W. Advisory Services LLC acquired a new position in shares of T-Mobile US in the 1st quarter worth approximately $47,000. 42.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TMUS. The Goldman Sachs Group began coverage on T-Mobile US in a report on Tuesday, September 2nd. They issued a “buy” rating and a $286.00 target price on the stock. Moffett Nathanson boosted their target price on T-Mobile US from $210.00 to $230.00 and gave the stock a “neutral” rating in a report on Thursday, October 2nd. JPMorgan Chase & Co. upped their price objective on T-Mobile US from $280.00 to $300.00 and gave the stock an “overweight” rating in a report on Tuesday, September 30th. Williams Trading set a $263.00 price objective on T-Mobile US in a report on Friday. Finally, Arete Research raised T-Mobile US to a “strong-buy” rating in a report on Tuesday, July 8th. Three analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $268.22.

T-Mobile US Stock Performance

Shares of T-Mobile US stock opened at $217.77 on Friday. The firm has a fifty day moving average of $239.30 and a two-hundred day moving average of $240.66. The stock has a market capitalization of $245.08 billion, a price-to-earnings ratio of 20.94, a PEG ratio of 1.51 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 debt-to-equity ratio of 1.37, a quick ratio of 1.13 and a current ratio of 0.89.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 EPS for the quarter, beating the consensus estimate of $2.40 by $0.01. The company had revenue of $21.96 billion during the quarter, compared to analysts’ expectations of $21.61 billion. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.61 EPS. As a group, equities research analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be given a $1.02 dividend. The ex-dividend date is Wednesday, November 26th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.9%. This is an increase from T-Mobile US’s previous quarterly dividend of $0.88. T-Mobile US’s dividend payout ratio is currently 39.23%.

Insider Activity at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 64,426 shares of the company’s stock in a transaction on Wednesday, October 22nd. The shares were 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 582,220,759 shares in the company, valued at $131,680,869,063.03. This represents a 0.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders have sold 2,389,677 shares of company stock valued at $575,795,321. 0.37% of the stock is owned by corporate insiders.

T-Mobile US Company Profile

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.