Mission Wealth Management LP Purchases 2,867 Shares of T-Mobile US, Inc. $TMUS

Mission Wealth Management LP increased its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 28.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,096 shares of the Wireless communications provider’s stock after purchasing an additional 2,867 shares during the period. Mission Wealth Management LP’s holdings in T-Mobile US were worth $3,120,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Activest Wealth Management increased 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 buying an additional 94 shares during the last quarter. Stone House Investment Management LLC purchased a new position in T-Mobile US in the first quarter worth about $29,000. TCTC Holdings LLC increased its stake in T-Mobile US by 208.1% during the first quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider’s stock worth $30,000 after acquiring an additional 77 shares during the last quarter. Missouri Trust & Investment Co raised its position in T-Mobile US by 807.7% during the second 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 period. Finally, N.E.W. Advisory Services LLC bought a new stake in shares of T-Mobile US in the 1st quarter valued at approximately $47,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insider Buying and Selling at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 1,374 shares of the stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $220.46, for a total transaction of $302,912.04. Following the transaction, the director owned 582,065,875 shares of the company’s stock, valued at approximately $128,322,242,802.50. This represents a 0.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders sold 2,252,901 shares of company stock valued at $540,251,450. 0.37% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently weighed in on TMUS. Weiss Ratings restated a “buy (b)” rating on shares of T-Mobile US in a report on Wednesday, October 8th. TD Cowen cut their price objective on shares of T-Mobile US from $291.00 to $263.00 and set a “buy” rating on the stock in a research report on Friday, October 24th. BNP Paribas Exane raised their target price on shares of T-Mobile US from $290.00 to $305.00 and gave the stock an “outperform” rating in a report on Monday, October 6th. Williams Trading set a $263.00 price target on shares of T-Mobile US in a report on Friday, October 24th. Finally, Zacks Research lowered shares of T-Mobile US from a “hold” rating to a “strong sell” rating in a research report on Monday, October 27th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $266.63.

T-Mobile US Trading Down 0.3%

TMUS stock opened at $210.05 on Monday. The company has a market capitalization of $234.94 billion, a PE ratio of 20.20, a P/E/G ratio of 1.51 and a beta of 0.59. T-Mobile US, Inc. has a 12 month low of $207.64 and a 12 month high of $276.49. The firm’s 50-day moving average is $235.18 and its 200 day moving average is $238.82. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.89 and a quick ratio of 0.80.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share (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 firm’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the company earned $2.61 EPS. On average, research analysts anticipate 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. Shareholders of record on Wednesday, November 26th will be issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 1.9%. The ex-dividend date is Wednesday, November 26th. This is an increase from T-Mobile US’s previous quarterly dividend of $0.88. T-Mobile US’s dividend payout ratio (DPR) is 39.23%.

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.