Avitas Wealth Management LLC Has $1.96 Million Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Avitas Wealth Management LLC lifted its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 0.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,883 shares of the Wireless communications provider’s stock after purchasing an additional 78 shares during the period. Avitas Wealth Management LLC’s holdings in T-Mobile US were worth $1,961,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of TMUS. DT Investment Partners LLC grew its position in shares of T-Mobile US by 65.3% in the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock valued at $25,000 after buying an additional 47 shares during the last quarter. Dunhill Financial LLC boosted its holdings in T-Mobile US by 76.7% in the third quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock valued at $27,000 after acquiring an additional 56 shares during the last quarter. MFA Wealth Advisors LLC increased its position in T-Mobile US by 128.3% during the 3rd quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 77 shares during the period. Financial Life Planners bought a new position in T-Mobile US during the 4th quarter worth approximately $29,000. Finally, Legacy Investment Solutions LLC acquired a new position in shares of T-Mobile US in the 3rd quarter worth approximately $34,000. Institutional investors own 42.49% of the company’s stock.

Insiders Place Their Bets

In other news, Director Srikant M. Datar sold 1,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 5,021 shares of the company’s stock, valued at $1,241,140.99. This represents a 16.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Letitia A. Long sold 1,100 shares of T-Mobile US stock in a transaction on Friday, December 13th. The stock was sold at an average price of $231.08, for a total value of $254,188.00. Following the sale, the director now owns 5,653 shares in the company, valued at $1,306,295.24. This trade represents a 16.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 34,200 shares of company stock valued at $8,063,303. Corporate insiders own 0.67% of the company’s stock.

T-Mobile US Stock Down 0.4 %

TMUS stock opened at $237.25 on Wednesday. The firm has a market capitalization of $275.33 billion, a PE ratio of 24.53, a P/E/G ratio of 1.38 and a beta of 0.56. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. T-Mobile US, Inc. has a twelve month low of $158.84 and a twelve month high of $248.15. The stock’s 50 day moving average is $226.18 and its 200-day moving average is $214.14.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. Sell-side analysts expect that T-Mobile US, Inc. will post 10.18 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Friday, February 28th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend is Friday, February 28th. T-Mobile US’s dividend payout ratio (DPR) is presently 36.40%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. TD Cowen increased their price objective on shares of T-Mobile US from $216.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Morgan Stanley started coverage on T-Mobile US in a research report on Monday, December 16th. They issued an “overweight” rating and a $280.00 price objective for the company. Barclays upped their target price on T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a research report on Monday. Oppenheimer lifted their target price on T-Mobile US from $250.00 to $275.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Finally, Tigress Financial increased their price target on T-Mobile US from $235.00 to $280.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Seven equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $251.26.

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.