Summit Investment Advisors Inc. Grows Holdings in T-Mobile US, Inc. $TMUS

Summit Investment Advisors Inc. lifted its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 0.6% in the first quarter, according to its most recent filing with the SEC. The fund owned 41,940 shares of the Wireless communications provider’s stock after acquiring an additional 269 shares during the period. Summit Investment Advisors Inc.’s holdings in T-Mobile US were worth $11,186,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Stonebrook Private Inc. grew its position in T-Mobile US by 4.8% during the first quarter. Stonebrook Private Inc. now owns 984 shares of the Wireless communications provider’s stock valued at $262,000 after acquiring an additional 45 shares during the last quarter. Cerity Partners LLC boosted its stake in shares of T-Mobile US by 5.0% in the 1st quarter. Cerity Partners LLC now owns 123,358 shares of the Wireless communications provider’s stock valued at $32,901,000 after purchasing an additional 5,879 shares in the last quarter. CFC Planning Co LLC grew its holdings in shares of T-Mobile US by 11.0% during the 1st quarter. CFC Planning Co LLC now owns 2,394 shares of the Wireless communications provider’s stock valued at $639,000 after purchasing an additional 237 shares during the last quarter. Genus Capital Management Inc. raised its position in T-Mobile US by 470.2% in the 1st quarter. Genus Capital Management Inc. now owns 18,963 shares of the Wireless communications provider’s stock worth $5,058,000 after purchasing an additional 24,085 shares during the period. Finally, Fidelis Capital Partners LLC lifted its stake in T-Mobile US by 1.9% in the first quarter. Fidelis Capital Partners LLC now owns 3,020 shares of the Wireless communications provider’s stock worth $805,000 after purchasing an additional 57 shares during the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of T-Mobile US in a report on Wednesday, October 8th. Zacks Research cut T-Mobile US from a “hold” rating to a “strong sell” rating in a research note on Monday, October 27th. Benchmark boosted their price objective on T-Mobile US from $275.00 to $295.00 and gave the company a “buy” rating in a research report on Friday, October 10th. HSBC upgraded shares of T-Mobile US from a “hold” rating to a “buy” rating and set a $285.00 target price on the stock in a report on Friday, October 24th. Finally, Moffett Nathanson upped their price target on shares of T-Mobile US from $210.00 to $230.00 and gave the company a “neutral” rating in a report on Thursday, October 2nd. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $266.63.

T-Mobile US Stock Up 3.0%

TMUS stock opened at $207.00 on Friday. The business’s 50-day moving average is $230.49 and its two-hundred day moving average is $237.20. The company has a market cap of $231.53 billion, a price-to-earnings ratio of 19.90, a P/E/G ratio of 1.51 and a beta of 0.57. T-Mobile US, Inc. has a fifty-two week low of $199.41 and a fifty-two week high of $276.49. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.80 and a current ratio of 0.89.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.01. The company had revenue of $21.96 billion for the quarter, compared to the consensus estimate of $21.61 billion. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.T-Mobile US’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the business earned $2.61 earnings per share. As a group, analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share 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. Shareholders of record on Wednesday, November 26th will be issued a dividend of $1.02 per share. This is a boost 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 2.0%. The ex-dividend date of this dividend is Wednesday, November 26th. T-Mobile US’s payout ratio is 39.23%.

Insider Buying and Selling at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $250.87, for a total transaction of $17,520,760.80. Following the sale, the director owned 636,271,724 shares of the company’s stock, valued at approximately $159,621,487,399.88. This trade represents a 0.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 2,113,221 shares of company stock valued at $506,386,034 over the last three months. Corporate insiders own 0.37% of the company’s stock.

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.