Koshinski Asset Management Inc. Grows Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Koshinski Asset Management Inc. raised its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 242.6% in the third quarter, Holdings Channel.com reports. The institutional investor owned 8,083 shares of the Wireless communications provider’s stock after purchasing an additional 5,724 shares during the period. Koshinski Asset Management Inc.’s holdings in T-Mobile US were worth $1,668,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Crestmont Private Wealth LLC purchased a new position in T-Mobile US during the third quarter worth about $232,000. Carnegie Investment Counsel increased its position in T-Mobile US by 1.7% during the 3rd quarter. Carnegie Investment Counsel now owns 73,276 shares of the Wireless communications provider’s stock worth $15,120,000 after purchasing an additional 1,199 shares during the period. Compton Wealth Advisory Group LLC raised its stake in shares of T-Mobile US by 3.2% during the 3rd quarter. Compton Wealth Advisory Group LLC now owns 15,494 shares of the Wireless communications provider’s stock worth $3,197,000 after buying an additional 485 shares in the last quarter. Ritholtz Wealth Management lifted its holdings in shares of T-Mobile US by 8.4% in the 3rd quarter. Ritholtz Wealth Management now owns 10,876 shares of the Wireless communications provider’s stock valued at $2,244,000 after buying an additional 843 shares during the period. Finally, First Affirmative Financial Network lifted its holdings in shares of T-Mobile US by 213.8% in the 3rd quarter. First Affirmative Financial Network now owns 4,274 shares of the Wireless communications provider’s stock valued at $882,000 after buying an additional 2,912 shares during the period. 42.49% of the stock is owned by institutional investors and hedge funds.

T-Mobile US Price Performance

Shares of TMUS stock opened at $213.04 on Monday. T-Mobile US, Inc. has a twelve month low of $136.85 and a twelve month high of $215.18. The company has a market capitalization of $249.65 billion, a PE ratio of 28.99, a price-to-earnings-growth ratio of 1.12 and a beta of 0.51. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 1.22. The firm has a fifty day simple moving average of $200.37 and a 200-day simple moving average of $181.34.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data 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 net margin of 11.95% and a return on equity of 14.88%. The company had revenue of $19.77 billion during the quarter, compared to analysts’ expectations of $19.61 billion. During the same period in the prior year, the company posted $1.86 EPS. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. Equities research analysts anticipate that T-Mobile US, Inc. will post 9.14 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be issued a dividend of $0.88 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This is an increase from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 annualized dividend and a yield of 1.65%. T-Mobile US’s payout ratio is currently 47.89%.

Insider Buying and Selling at T-Mobile US

In other news, insider Jon Freier sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $181.87, for a total transaction of $1,818,700.00. Following the completion of the sale, the insider now owns 162,628 shares of the company’s stock, valued at approximately $29,577,154.36. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other T-Mobile US news, Director Raul Marcelo Claure sold 9,586 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $196.96, for a total transaction of $1,888,058.56. Following the transaction, the director now owns 1,940,792 shares of the company’s stock, valued at $382,258,392.32. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jon Freier sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $181.87, for a total value of $1,818,700.00. Following the completion of the sale, the insider now owns 162,628 shares of the company’s stock, valued at $29,577,154.36. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 306,492 shares of company stock valued at $60,161,906 in the last three months. Corporate insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on TMUS shares. The Goldman Sachs Group initiated coverage on T-Mobile US in a research note on Monday, July 1st. They issued a “buy” rating and a $200.00 target price on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of T-Mobile US from $185.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, July 18th. StockNews.com raised shares of T-Mobile US from a “hold” rating to a “buy” rating in a research report on Tuesday, July 30th. Royal Bank of Canada lifted their price target on shares of T-Mobile US from $200.00 to $232.00 and gave the company an “outperform” rating in a report on Friday, September 27th. Finally, Sanford C. Bernstein upgraded T-Mobile US to a “strong-buy” rating in a report on Wednesday, July 31st. Nineteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $216.36.

T-Mobile US 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.