My Legacy Advisors LLC Increases Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

My Legacy Advisors LLC raised its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 0.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 7,879 shares of the Wireless communications provider’s stock after purchasing an additional 55 shares during the period. My Legacy Advisors LLC’s holdings in T-Mobile US were worth $1,688,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Mercer Global Advisors Inc. ADV raised its holdings in T-Mobile US by 1.7% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 46,731 shares of the Wireless communications provider’s stock worth $8,233,000 after purchasing an additional 761 shares during the period. Ieq Capital LLC increased its position in shares of T-Mobile US by 11.7% in the second quarter. Ieq Capital LLC now owns 34,116 shares of the Wireless communications provider’s stock valued at $6,011,000 after buying an additional 3,567 shares in the last quarter. AE Wealth Management LLC lifted its position in shares of T-Mobile US by 4.1% during the 2nd quarter. AE Wealth Management LLC now owns 16,792 shares of the Wireless communications provider’s stock valued at $2,958,000 after buying an additional 657 shares in the last quarter. Skandinaviska Enskilda Banken AB publ grew its stake in T-Mobile US by 3.6% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 122,831 shares of the Wireless communications provider’s stock valued at $21,640,000 after acquiring an additional 4,266 shares during the period. Finally, Pacer Advisors Inc. increased its holdings in T-Mobile US by 0.5% in the 2nd quarter. Pacer Advisors Inc. now owns 108,508 shares of the Wireless communications provider’s stock worth $19,117,000 after acquiring an additional 547 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Stock Up 1.5 %

Shares of NASDAQ:TMUS opened at $218.97 on Friday. The business has a 50-day moving average price of $228.93 and a 200 day moving average price of $210.26. T-Mobile US, Inc. has a 12-month low of $158.84 and a 12-month high of $248.15. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23. The company has a market capitalization of $254.11 billion, a price-to-earnings ratio of 24.97, a PEG ratio of 1.05 and a beta of 0.56.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.32 by $0.29. The business had revenue of $20.16 billion for the quarter, compared to the consensus estimate of $20.01 billion. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The business’s revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.82 EPS. Sell-side analysts expect that T-Mobile US, Inc. will post 9.31 EPS for the current year.

T-Mobile US Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Friday, February 28th will be given a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $3.52 annualized dividend and a dividend yield of 1.61%. T-Mobile US’s dividend payout ratio is currently 40.14%.

Insider Activity

In other T-Mobile US news, Director Raul Marcelo Claure sold 110,000 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $224.30, for a total value of $24,673,000.00. Following the completion of the transaction, the director now owns 1,441,204 shares of the company’s stock, valued at $323,262,057.20. This trade represents a 7.09 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Srikant M. Datar sold 1,000 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $247.19, for a total value of $247,190.00. Following the sale, the director now directly owns 5,021 shares in the company, valued at $1,241,140.99. This represents a 16.61 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 164,200 shares of company stock valued at $37,407,303. 0.67% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

TMUS has been the topic of several research analyst reports. TD Cowen lifted their target price on shares of T-Mobile US from $216.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. KeyCorp lowered T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 price objective for the company. in a research note on Thursday, December 12th. Sanford C. Bernstein began coverage on T-Mobile US in a research report on Tuesday, December 10th. They issued a “market perform” rating and a $265.00 target price on the stock. Barclays boosted their price target on T-Mobile US from $215.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Finally, Daiwa America upgraded T-Mobile US to a “hold” rating in a report on Friday, October 25th. Seven investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $245.74.

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.