RBA Wealth Management LLC Boosts Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

RBA Wealth Management LLC lifted its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 18.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,308 shares of the Wireless communications provider’s stock after buying an additional 983 shares during the period. RBA Wealth Management LLC’s holdings in T-Mobile US were worth $1,030,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Legacy Wealth Asset Management LLC lifted its position in T-Mobile US by 2.2% during the first quarter. Legacy Wealth Asset Management LLC now owns 4,776 shares of the Wireless communications provider’s stock valued at $780,000 after purchasing an additional 105 shares during the period. First Trust Direct Indexing L.P. grew its holdings in shares of T-Mobile US by 11.8% in the first quarter. First Trust Direct Indexing L.P. now owns 14,410 shares of the Wireless communications provider’s stock worth $2,352,000 after acquiring an additional 1,522 shares during the period. Wealthstar Advisors LLC increased its position in T-Mobile US by 6.4% during the first quarter. Wealthstar Advisors LLC now owns 8,338 shares of the Wireless communications provider’s stock valued at $1,361,000 after acquiring an additional 504 shares during the last quarter. Kovack Advisors Inc. bought a new position in T-Mobile US in the first quarter valued at about $212,000. Finally, Westside Investment Management Inc. boosted its position in T-Mobile US by 75.8% in the first quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 75 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors.

T-Mobile US Price Performance

TMUS traded down $1.52 during trading on Thursday, hitting $178.46. 1,652,895 shares of the company traded hands, compared to its average volume of 6,101,476. The company has a market cap of $209.13 billion, a PE ratio of 24.28, a P/E/G ratio of 0.70 and a beta of 0.51. T-Mobile US, Inc. has a 1 year low of $131.47 and a 1 year high of $182.67. The company has a current ratio of 0.94, a quick ratio of 0.86 and a debt-to-equity ratio of 1.25. The stock’s 50-day simple moving average is $170.80 and its two-hundred day simple moving average is $164.95.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.17. The firm had revenue of $19.59 billion during the quarter, compared to analyst estimates of $19.81 billion. T-Mobile US had a return on equity of 13.61% and a net margin of 11.15%. The business’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter last year, the business posted $1.58 earnings per share. As a group, sell-side analysts anticipate that T-Mobile US, Inc. will post 9.01 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Friday, August 30th will be given a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend is Friday, August 30th. T-Mobile US’s dividend payout ratio is presently 35.37%.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 189,670 shares of the company’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $161.20, for a total transaction of $30,574,804.00. Following the sale, the director now directly owns 680,667,786 shares in the company, valued at $109,723,647,103.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Telekom Ag Deutsche sold 189,670 shares of the stock in a transaction on Monday, April 8th. The shares were sold at an average price of $161.20, for a total value of $30,574,804.00. Following the sale, the director now owns 680,667,786 shares of the company’s stock, valued at $109,723,647,103.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Michael J. Katz sold 3,000 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $177.59, for a total transaction of $532,770.00. Following the transaction, the insider now owns 122,687 shares in the company, valued at $21,787,984.33. The disclosure for this sale can be found here. Insiders have sold a total of 6,399,830 shares of company stock valued at $1,071,720,246 over the last 90 days. 0.67% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Citigroup raised their price objective on shares of T-Mobile US from $176.00 to $184.00 and gave the stock a “buy” rating in a report on Monday, March 25th. Oppenheimer restated an “outperform” rating and issued a $190.00 price objective on shares of T-Mobile US in a research note on Wednesday, April 3rd. TD Cowen lowered their target price on T-Mobile US from $204.00 to $202.00 and set a “buy” rating on the stock in a research report on Friday, April 26th. Bank of America raised their price objective on T-Mobile US from $175.00 to $195.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. Finally, The Goldman Sachs Group initiated coverage on T-Mobile US in a research note on Monday. They set a “buy” rating and a $200.00 price objective for the company. One equities research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $190.79.

T-Mobile US 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.