6,601 Shares of T-Mobile US, Inc. $TMUS Bought by Waycross Partners LLC

by · The Markets Daily

Waycross Partners LLC purchased a new stake in T-Mobile US, Inc. (NASDAQ:TMUS – Free Report) in the third quarter, Holdings Channel.com reports. The firm purchased 6,601 shares of the Wireless communications provider’s stock, valued at approximately $1,076,000.

Several other institutional investors have also recently bought and sold shares of the stock. Alps Advisors Inc. boosted its holdings in T-Mobile US by 24.1% in the third quarter. Alps Advisors Inc. now owns 218,664 shares of the Wireless communications provider’s stock valued at $35,660,000 after acquiring an additional 42,416 shares during the last quarter. Ashton Thomas Private Wealth LLC raised its holdings in T-Mobile US by 22.5% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 7,148 shares of the Wireless communications provider’s stock worth $1,166,000 after purchasing an additional 1,313 shares during the last quarter. Asset One Wealth Management LLC raised its holdings in T-Mobile US by 22.6% during the 3rd quarter. Asset One Wealth Management LLC now owns 22,394 shares of the Wireless communications provider’s stock worth $3,652,000 after purchasing an additional 4,135 shares during the last quarter. International Assets Investment Management LLC raised its holdings in T-Mobile US by 37.6% during the 3rd quarter. International Assets Investment Management LLC now owns 1,428 shares of the Wireless communications provider’s stock worth $231,000 after purchasing an additional 390 shares during the last quarter. Finally, Calamos Wealth Management LLC lifted its position in T-Mobile US by 4.0% during the 3rd quarter. Calamos Wealth Management LLC now owns 2,702 shares of the Wireless communications provider’s stock valued at $441,000 after purchasing an additional 104 shares during the period. Institutional investors own 42.49% of the company’s stock.

Key T-Mobile US News

Here are the key news stories impacting T-Mobile US this week:

  • Positive Sentiment: T-Mobile launched T-Mix customizable wireless plans and 5 Gig fiber service, with a 10-year price guarantee on the fiber offer. The products could help attract and retain customers and encourage bundled services, but their contribution to results remains to be seen. Article: T Mobile US Launches T Mix And 5 Gig Fiber
  • Neutral Sentiment: Zacks highlighted TMUS as a value stock, while other coverage described it as a long-term growth stock. These are investment-style assessments rather than new company or earnings developments. Article: Here’s Why T-Mobile Is a Strong Value Stock
  • Negative Sentiment: ETFs were net sellers of T-Mobile shares on Nov. 3, selling $24.5 million overall. The report noted that 32 funds bought shares and nine sold, so the flow data offers a limited signal rather than clear broad-based selling pressure. Article: ETFs Are Net Sellers of T-Mobile

T-Mobile US Trading Up 0.9%

NASDAQ:TMUS traded up $1.42 during mid-day trading on Friday, hitting $162.01. The company had a trading volume of 5,615,022 shares, compared to its average volume of 7,313,568. T-Mobile US, Inc. has a fifty-two week low of $143.75 and a fifty-two week high of $224.75. The business’s fifty day moving average is $164.96 and its two-hundred day moving average is $186.19. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.78 and a current ratio of 0.91. The firm has a market cap of $171.61 billion, a P/E ratio of 15.64, a P/E/G ratio of 0.93 and a beta of 0.40.

T-Mobile US (NASDAQ:TMUS – Get Free Report) last posted its earnings results on Wednesday, October 28th. The Wireless communications provider reported $3.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.89 by $0.33. The company had revenue of $23.58 billion during the quarter, compared to analyst estimates of $23.15 billion. T-Mobile US had a return on equity of 21.47% and a net margin of 12.05%. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the previous year, the company earned $2.41 EPS. As a group, research analysts expect that T-Mobile US, Inc. will post 11.44 earnings per share for the current year.

T-Mobile US Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Wednesday, November 25th will be paid a dividend of $1.17 per share. This represents a $4.68 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Wednesday, November 25th. This is a positive change from T-Mobile US’s previous quarterly dividend of $1.02. T-Mobile US’s payout ratio is 39.38%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Royal Bank Of Canada lowered their price target on shares of T-Mobile US from $240.00 to $230.00 and set an “outperform” rating for the company in a research report on Monday, July 20th. Moffett Nathanson boosted their price target on shares of T-Mobile US from $242.00 to $246.00 and gave the stock a “buy” rating in a research note on Tuesday, September 22nd. Benchmark reduced their price objective on shares of T-Mobile US from $295.00 to $280.00 and set a “buy” rating on the stock in a research note on Friday, July 24th. Wolfe Research lowered shares of T-Mobile US from an “outperform” rating to a “peer perform” rating in a report on Friday, August 14th. Finally, UBS Group lowered their target price on shares of T-Mobile US from $255.00 to $235.00 and set a “buy” rating for the company in a report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $238.25.

Check Out Our Latest Stock Analysis on T-Mobile US

Insiders Place Their Bets

In related news, CAO Daniel James Drobac sold 772 shares of T-Mobile US stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $178.33, for a total transaction of $137,670.76. Following the transaction, the chief accounting officer owned 35,118 shares of the company’s stock, valued at $6,262,592.94. This trade represents a 2.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.32% of the stock is owned by insiders.

T-Mobile US Profile

(Free Report)

T-Mobile US, Inc is a wireless communications provider serving consumers, businesses and government customers in the United States. Its services include wireless voice, messaging and data, as well as broadband internet delivered over its wireless network.

The company offers service under the T-Mobile and Metro by T-Mobile brands. Its products and services include mobile plans, smartphones and other connected devices, home internet, and solutions for business customers.

T-Mobile traces its roots to VoiceStream Wireless, which Deutsche Telekom acquired in 2001.

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