Icon Wealth Advisors LLC Grows Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Icon Wealth Advisors LLC raised its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 144.6% in the 3rd quarter, Holdings Channel reports. The fund owned 2,769 shares of the Wireless communications provider’s stock after acquiring an additional 1,637 shares during the quarter. Icon Wealth Advisors LLC’s holdings in T-Mobile US were worth $571,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in TMUS. WASHINGTON TRUST Co increased its stake in T-Mobile US by 143.1% in the 2nd quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock valued at $25,000 after buying an additional 83 shares during the period. DT Investment Partners LLC increased its stake in shares of T-Mobile US by 65.3% during the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 47 shares during the period. Summit Securities Group LLC acquired a new stake in T-Mobile US in the second quarter valued at about $27,000. Y.D. More Investments Ltd purchased a new stake in T-Mobile US in the 2nd quarter valued at approximately $27,000. Finally, 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 worth $28,000 after purchasing an additional 77 shares during the period. 42.49% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on TMUS shares. Oppenheimer lifted their price target on T-Mobile US from $215.00 to $250.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Daiwa America upgraded shares of T-Mobile US to a “hold” rating in a research report on Friday, October 25th. KeyCorp increased their price target on shares of T-Mobile US from $230.00 to $252.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Royal Bank of Canada raised their price objective on shares of T-Mobile US from $232.00 to $255.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Finally, TD Cowen upped their target price 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. Three investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $241.83.

Insider Buying and Selling

In other news, insider Michael J. Katz sold 3,000 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $205.30, for a total value of $615,900.00. Following the completion of the sale, the insider now owns 119,687 shares of the company’s stock, valued at $24,571,741.10. This represents a 2.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Raul Marcelo Claure sold 1,572 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $196.00, for a total transaction of $308,112.00. Following the completion of the transaction, the director now directly owns 1,824,632 shares in the company, valued at approximately $357,627,872. This represents a 0.09 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 343,456 shares of company stock valued at $73,405,131. 0.67% of the stock is currently owned by company insiders.

T-Mobile US Stock Up 0.7 %

TMUS stock opened at $238.28 on Friday. The company has a 50 day moving average price of $219.58 and a two-hundred day moving average price of $195.16. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.08. The stock has a market capitalization of $276.52 billion, a P/E ratio of 27.17, a PEG ratio of 1.21 and a beta of 0.50. T-Mobile US, Inc. has a one year low of $147.96 and a one year high of $242.43.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, beating the consensus estimate of $2.32 by $0.29. The company had revenue of $20.16 billion during the quarter, compared to analysts’ expectations of $20.01 billion. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The firm’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.82 EPS. As a group, sell-side analysts expect that T-Mobile US, Inc. will post 9.38 EPS for the current year.

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.48%. T-Mobile US’s payout ratio is 29.65%.

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.