MONECO Advisors LLC increases holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

MONECO Advisors LLC grew its position in T-Mobile US, Inc. (NASDAQ:TMUS – Free Report) by 3.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,371 shares of the Wireless communications provider’s stock after buying an additional 85 shares during the period. MONECO Advisors LLC’s holdings in T-Mobile US were worth $418,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. WASHINGTON TRUST Co raised its position in T-Mobile US by 143.1% in the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 83 shares during the period. Private Wealth Management Group LLC purchased a new position in T-Mobile US in the fourth quarter valued at approximately $27,000. Westside Investment Management Inc. raised its holdings 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 valued at $28,000 after purchasing an additional 75 shares during the period. Pinnacle Bancorp Inc. grew its position in T-Mobile US by 52.8% in the first quarter. Pinnacle Bancorp Inc. now owns 220 shares of the Wireless communications provider’s stock worth $36,000 after buying an additional 76 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of T-Mobile US in the second quarter valued at $36,000. Hedge funds and other institutional investors own 42.49% of the company’s shares.

Analyst upgrades and downgrades

Several equities research analysts recently weighed in on TMUS shares. Scotiabank lifted their price objective on T-Mobile US from $194.50 to $197.00 and gave the stock a “sector outperform” rating in a report on Thursday, August 1st. TD Cowen raised their target price on shares of T-Mobile US from $202.00 to $216.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Goldman Sachs Group began coverage on shares of T-Mobile US in a report on Monday, July 1st. They issued a “buy” rating and a $200.00 price objective for the company. Royal Bank of Canada upped their target price on shares of T-Mobile US from $184.00 to $188.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Finally, KeyCorp lifted their target price on T-Mobile US from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. One analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company. T-Mobile US has a consensus rating of “Buy” and a consensus price target of $198.63, according to MarketBeat.

View the latest inventory analysis on T-Mobile US

Insider activity at T-Mobile US

In other T-Mobile US news, CAO Dara Bazzano sold 4,300 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $179.78, for a total value of $773,054.00. Following the completion of the sale, the chief accounting officer now owns 6,202 shares of the company’s stock, valued at $1,114,995.56. The sale was disclosed in a legal filing with the SEC, which can be accessed via this link. In other news, director Telekom Ag Deutsche sold 227,604 shares of the company’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $172.65, for a total value of $39,295,830.60. Following the completion of the sale, the director now owns 673,251,489 shares of the company’s stock, valued at approximately $116,236,869,575.85. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Dara Bazzano sold 4,300 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $179.78, for a total value of $773,054.00. Following the transaction, the chief accounting officer now owns 6,202 shares in the company, valued at $1,114,995.56. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,707,535 shares of company stock worth $472,358,647. Corporate insiders own 0.67% of the company’s shares.

T-Mobile US trading up 0.5%

Shares of T-Mobile US stock opened at $197.58 on Tuesday. The company has a 50 day simple moving average of $182.04 and a two hundred day simple moving average of $170.45. The firm has a market cap of $231.53 billion, a PE ratio of 26.88, a PEG ratio of 0.76 and a beta of 0.51. T-Mobile US, Inc. has a one year low of $131.47 and a one year high of $198.79. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.84, and a quick ratio of 0.86.

T-Mobile US (NASDAQ:TMUS – Get Free Report ) last issued its quarterly earnings data on Wednesday, July 31st. The wireless communications provider reported $2.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.22. The company had revenue of $19.77 billion during the quarter, compared to the consensus estimate of $19.61 billion. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The company’s revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the firm posted EPS of $1.86. Analysts expect T-Mobile US, Inc. to record 9.05 earnings per share for the current fiscal year.

T-Mobile US announces dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Friday, August 30th will be paid a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, August 30. This represents an annualized dividend of $2.60 and a dividend yield of 1.32%. T-Mobile US’s dividend payout ratio (DPR) is currently 35.37%.

About T-Mobile US

(Free report)

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 provides voice, messaging and data services to customers in postpaid, prepaid and wholesale and other services. It also provides wireless devices, including smartphones, handheld devices, tablets, home broadband routers and other mobile communications 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 request; and high speed internet services.

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