First Affirmative Financial Network Acquires 2,912 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

First Affirmative Financial Network boosted its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 213.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,274 shares of the Wireless communications provider’s stock after acquiring an additional 2,912 shares during the quarter. First Affirmative Financial Network’s holdings in T-Mobile US were worth $882,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TMUS. GSA Capital Partners LLP bought a new stake in shares of T-Mobile US during the first quarter valued at approximately $1,908,000. Cardinal Capital Management Inc. acquired a new stake in shares of T-Mobile US in the 4th quarter valued at $29,962,000. CFO4Life Group LLC acquired a new stake in shares of T-Mobile US in the 1st quarter valued at $932,000. NewEdge Advisors LLC raised its position in shares of T-Mobile US by 13.6% during the second quarter. NewEdge Advisors LLC now owns 211,059 shares of the Wireless communications provider’s stock worth $37,184,000 after acquiring an additional 25,217 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in shares of T-Mobile US by 26.3% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 20,438 shares of the Wireless communications provider’s stock valued at $3,336,000 after acquiring an additional 4,253 shares during the period. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Trading Up 0.8 %

T-Mobile US stock opened at $213.04 on Friday. The stock has a 50-day simple moving average of $200.37 and a 200 day simple moving average of $181.07. The stock has a market capitalization of $248.57 billion, a P/E ratio of 26.70, a PEG ratio of 1.12 and a beta of 0.51. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.78 and a current ratio of 0.84. T-Mobile US, Inc. has a 52 week low of $136.85 and a 52 week high of $215.18.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.22. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The business had revenue of $19.77 billion for the quarter, compared to analysts’ expectations of $19.61 billion. During the same quarter in the prior year, the business earned $1.86 EPS. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. Analysts expect that T-Mobile US, Inc. will post 9.14 earnings per share 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. Investors of record on Wednesday, November 27th will be issued a dividend of $0.88 per share. This is an increase from T-Mobile US’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $3.52 annualized dividend and a dividend yield of 1.65%. T-Mobile US’s payout ratio is presently 32.58%.

Insider Activity at T-Mobile US

In other T-Mobile US news, insider Jon Freier sold 10,000 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $181.87, for a total transaction of $1,818,700.00. Following the transaction, the insider now owns 162,628 shares in the company, valued at $29,577,154.36. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Michael J. Katz sold 3,000 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $205.30, for a total transaction of $615,900.00. Following the sale, the insider now directly owns 119,687 shares of the company’s stock, valued at approximately $24,571,741.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jon Freier sold 10,000 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $181.87, for a total value of $1,818,700.00. Following the completion of the transaction, the insider now owns 162,628 shares in the company, valued at $29,577,154.36. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 306,492 shares of company stock worth $60,161,906. Insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Sanford C. Bernstein raised T-Mobile US to a “strong-buy” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. increased their price objective on shares of T-Mobile US from $220.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, September 19th. Evercore ISI raised their price objective on shares of T-Mobile US from $210.00 to $220.00 and gave the company an “outperform” rating in a research note on Thursday, September 19th. The Goldman Sachs Group began coverage on shares of T-Mobile US in a research report on Monday, July 1st. They set a “buy” rating and a $200.00 target price for the company. Finally, Scotiabank raised their price target on T-Mobile US from $197.00 to $215.50 and gave the stock a “sector outperform” rating in a research report on Thursday, September 19th. Nineteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $216.36.

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.