T-Mobile US, Inc. (NASDAQ:TMUS) Shares Purchased by RBA Wealth Management LLC

RBA Wealth Management LLC increased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 3.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,530 shares of the Wireless communications provider’s stock after acquiring an additional 766 shares during the quarter. RBA Wealth Management LLC’s holdings in T-Mobile US were worth $4,237,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of TMUS. &PARTNERS acquired a new stake in T-Mobile US during the first quarter worth about $296,000. Global Assets Advisory LLC acquired a new stake in T-Mobile US during the first quarter worth about $4,992,000. Strategic Planning Group LLC grew its position in T-Mobile US by 12.7% in the 1st quarter. Strategic Planning Group LLC now owns 3,756 shares of the Wireless communications provider’s stock worth $613,000 after purchasing an additional 422 shares during the last quarter. Sound Income Strategies LLC grew its position in T-Mobile US by 539.0% in the 1st quarter. Sound Income Strategies LLC now owns 1,016 shares of the Wireless communications provider’s stock worth $166,000 after purchasing an additional 857 shares during the last quarter. Finally, Atlas Capital Advisors LLC grew its position in T-Mobile US by 5.1% in the 1st quarter. Atlas Capital Advisors LLC now owns 9,411 shares of the Wireless communications provider’s stock worth $1,536,000 after purchasing an additional 454 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on TMUS shares. StockNews.com upgraded shares of T-Mobile US from a “hold” rating to a “buy” rating in a research report on Tuesday, July 30th. Citigroup upped their target price on shares of T-Mobile US from $210.00 to $254.00 and gave the stock a “buy” rating in a research report on Monday. Tigress Financial upped their target price on shares of T-Mobile US from $205.00 to $235.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Royal Bank of Canada upped their target price on shares of T-Mobile US from $200.00 to $232.00 and gave the stock an “outperform” rating in a research report on Friday, September 27th. Finally, The Goldman Sachs Group started coverage on shares of T-Mobile US in a research report on Monday, July 1st. They issued a “buy” rating and a $200.00 target price for the company. One equities research analyst has rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $219.94.

Insiders Place Their Bets

In other news, EVP Mark Wolfe Nelson sold 42,769 shares of the stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $216.26, for a total transaction of $9,249,223.94. Following the transaction, the executive vice president now owns 61,871 shares in the company, valued at $13,380,222.46. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other T-Mobile US news, EVP Mark Wolfe Nelson sold 42,769 shares of the firm’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $216.26, for a total value of $9,249,223.94. Following the sale, the executive vice president now directly owns 61,871 shares in the company, valued at $13,380,222.46. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Michael J. Katz sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $205.30, for a total transaction of $615,900.00. Following the transaction, the insider now directly owns 119,687 shares of the company’s stock, valued at $24,571,741.10. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 349,261 shares of company stock worth $69,411,130 in the last quarter. 0.67% of the stock is currently owned by corporate insiders.

T-Mobile US Trading Down 1.4 %

Shares of NASDAQ:TMUS traded down $3.19 during mid-day trading on Tuesday, hitting $219.58. The stock had a trading volume of 3,775,555 shares, compared to its average volume of 4,475,514. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.78 and a current ratio of 0.84. The company has a market cap of $257.32 billion, a PE ratio of 30.31, a P/E/G ratio of 1.12 and a beta of 0.51. T-Mobile US, Inc. has a 12-month low of $136.92 and a 12-month high of $223.91. The company’s 50 day moving average is $203.79 and its 200-day moving average is $183.77.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, beating the consensus estimate of $2.27 by $0.22. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The business had revenue of $19.77 billion during the quarter, compared to the consensus estimate of $19.61 billion. During the same quarter in the prior year, the firm earned $1.86 EPS. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. On average, sell-side analysts predict that T-Mobile US, Inc. will post 9.14 EPS for the current year.

T-Mobile US Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be given a $0.88 dividend. This is an increase from T-Mobile US’s previous quarterly dividend of $0.65. The ex-dividend date is Wednesday, November 27th. This represents a $3.52 dividend on an annualized basis and a yield of 1.60%. T-Mobile US’s dividend payout ratio is presently 47.89%.

About T-Mobile US

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.