Avitas Wealth Management LLC Increases Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Avitas Wealth Management LLC raised its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 1.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,805 shares of the Wireless communications provider’s stock after purchasing an additional 145 shares during the period. Avitas Wealth Management LLC’s holdings in T-Mobile US were worth $1,817,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its stake in shares of T-Mobile US by 6.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 495,219 shares of the Wireless communications provider’s stock valued at $80,830,000 after purchasing an additional 28,319 shares in the last quarter. Arvest Investments Inc. increased its holdings in shares of T-Mobile US by 2.6% in the 1st quarter. Arvest Investments Inc. now owns 4,646 shares of the Wireless communications provider’s stock valued at $758,000 after acquiring an additional 116 shares during the period. Norden Group LLC raised its position in shares of T-Mobile US by 2,111.9% in the 1st quarter. Norden Group LLC now owns 55,275 shares of the Wireless communications provider’s stock worth $9,021,000 after acquiring an additional 52,776 shares in the last quarter. Westside Investment Management Inc. lifted its stake in shares of T-Mobile US by 75.8% during the 1st quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 75 shares during the last quarter. Finally, Kovack Advisors Inc. purchased a new position in T-Mobile US in the first quarter valued at about $212,000. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Citigroup increased their price target on shares of T-Mobile US from $210.00 to $254.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Scotiabank raised their target price on shares of T-Mobile US from $236.00 to $237.00 and gave the company a “sector perform” rating in a research note on Thursday, October 24th. StockNews.com raised T-Mobile US from a “hold” rating to a “buy” rating in a research report on Tuesday, July 30th. TD Cowen raised their price objective on T-Mobile US from $216.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Morgan Stanley upped their target price on T-Mobile US from $209.00 to $239.00 and gave the company an “overweight” rating in a research report on Tuesday. Three research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $241.83.

T-Mobile US Price Performance

Shares of TMUS opened at $226.05 on Wednesday. T-Mobile US, Inc. has a fifty-two week low of $139.47 and a fifty-two week high of $234.56. 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 capitalization of $264.90 billion, a P/E ratio of 30.76, a P/E/G ratio of 1.15 and a beta of 0.51. The business’s 50-day moving average is $207.32 and its two-hundred day moving average is $186.51.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, topping analysts’ consensus estimates of $2.32 by $0.29. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The business had revenue of $20.16 billion for the quarter, compared to analysts’ expectations of $20.01 billion. During the same quarter last year, the company earned $1.82 EPS. The business’s revenue was up 4.7% on a year-over-year basis. Research analysts predict that T-Mobile US, Inc. will post 9.22 earnings per share for the current year.

T-Mobile US Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be paid a dividend of $0.88 per share. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend is Wednesday, November 27th. T-Mobile US’s dividend payout ratio is presently 47.89%.

Insider Activity

In other T-Mobile US news, CFO Peter Osvaldik sold 20,000 shares of the stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $233.55, for a total transaction of $4,671,000.00. Following the transaction, the chief financial officer now owns 61,307 shares in the company, valued at approximately $14,318,249.85. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, EVP Mark Wolfe Nelson sold 42,769 shares of the company’s stock in a transaction dated 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 completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Peter Osvaldik sold 20,000 shares of T-Mobile US stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $233.55, for a total value of $4,671,000.00. Following the completion of the sale, the chief financial officer now owns 61,307 shares in the company, valued at approximately $14,318,249.85. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 369,261 shares of company stock worth $74,082,130 in the last ninety days. Company insiders own 0.67% of the company’s stock.

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.