T-Mobile US, Inc. $TMUS Shares Sold by Private Wealth Asset Management LLC

by · The Cerbat Gem

Private Wealth Asset Management LLC trimmed its stake in T-Mobile US, Inc. (NASDAQ:TMUS – Free Report) by 13.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 345 shares of the Wireless communications provider’s stock after selling 54 shares during the quarter. Private Wealth Asset Management LLC’s holdings in T-Mobile US were worth $82,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. GAMMA Investing LLC increased its stake in T-Mobile US by 10.2% in the 1st quarter. GAMMA Investing LLC now owns 11,449 shares of the Wireless communications provider’s stock worth $3,054,000 after purchasing an additional 1,059 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of T-Mobile US by 1.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 559,131 shares of the Wireless communications provider’s stock worth $149,126,000 after acquiring an additional 5,957 shares in the last quarter. Dynamic Advisor Solutions LLC acquired a new stake in shares of T-Mobile US during the first quarter valued at approximately $1,096,000. Cyndeo Wealth Partners LLC lifted its position in shares of T-Mobile US by 3.6% in the 1st quarter. Cyndeo Wealth Partners LLC now owns 1,653 shares of the Wireless communications provider’s stock valued at $441,000 after acquiring an additional 58 shares in the last quarter. Finally, Chicago Capital LLC purchased a new stake in shares of T-Mobile US in the 1st quarter valued at approximately $444,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

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 on Wednesday, July 23rd. The shares were sold at an average price of $232.63, for a total value of $16,246,879.20. Following the completion of the sale, the director owned 646,822,764 shares of the company’s stock, valued at approximately $150,470,379,589.32. The trade was a 0.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders have sold 2,418,333 shares of company stock worth $584,293,759. 0.37% of the stock is currently owned by company insiders.

T-Mobile US Stock Performance

Shares of TMUS stock opened at $226.65 on Thursday. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.21 and a quick ratio of 1.13. T-Mobile US, Inc. has a fifty-two week low of $208.39 and a fifty-two week high of $276.49. The stock’s 50-day moving average is $242.60 and its two-hundred day moving average is $242.23. The firm has a market cap of $255.08 billion, a P/E ratio of 21.38, a PEG ratio of 1.57 and a beta of 0.59.

T-Mobile US (NASDAQ:TMUS – Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.69 by $0.15. The business had revenue of $21.13 billion during the quarter, compared to analyst estimates of $20.99 billion. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The firm’s revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the company earned $2.49 EPS. Analysts predict 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 declared a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be paid a dividend of $1.02 per share. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.88. The ex-dividend date is Wednesday, November 26th. This represents a $4.08 annualized dividend and a dividend yield of 1.8%. T-Mobile US’s dividend payout ratio (DPR) is currently 38.49%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TMUS. Morgan Stanley lifted their price objective on shares of T-Mobile US from $265.00 to $285.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. Rothschild & Co Redburn upgraded T-Mobile US from a “sell” rating to a “neutral” rating and set a $228.00 price target on the stock in a report on Monday, July 7th. BNP Paribas Exane increased their price objective on T-Mobile US from $290.00 to $305.00 and gave the stock an “outperform” rating in a research note on Monday, October 6th. KeyCorp reaffirmed an “underweight” rating and set a $200.00 target price on shares of T-Mobile US in a research note on Wednesday, July 9th. Finally, JPMorgan Chase & Co. increased their price target on shares of T-Mobile US from $280.00 to $300.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 30th. Three 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 issued a Sell rating to the company. According to data from MarketBeat, T-Mobile US currently has a consensus rating of “Moderate Buy” and an average target price of $265.13.

Get Our Latest Stock Analysis on T-Mobile US

T-Mobile US Profile

(Free Report)

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.

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