Independent Advisor Alliance Raises Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Independent Advisor Alliance increased its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 0.9% during the third quarter, HoldingsChannel.com reports. The fund owned 38,302 shares of the Wireless communications provider’s stock after acquiring an additional 349 shares during the quarter. Independent Advisor Alliance’s holdings in T-Mobile US were worth $7,904,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. EntryPoint Capital LLC increased its position in shares of T-Mobile US by 80.7% in the first quarter. EntryPoint Capital LLC now owns 253 shares of the Wireless communications provider’s stock valued at $41,000 after buying an additional 113 shares in the last quarter. CreativeOne Wealth LLC purchased a new stake in shares of T-Mobile US in the first quarter valued at about $267,000. Jacobs Levy Equity Management Inc. purchased a new position in shares of T-Mobile US during the 1st quarter worth approximately $5,380,000. Dynasty Wealth Management LLC acquired a new position in shares of T-Mobile US during the 1st quarter worth approximately $1,224,000. Finally, Motley Fool Asset Management LLC raised its position in shares of T-Mobile US by 10.0% during the 1st quarter. Motley Fool Asset Management LLC now owns 35,028 shares of the Wireless communications provider’s stock worth $5,717,000 after purchasing an additional 3,183 shares during the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at T-Mobile US

In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $237.73, for a total value of $4,754,600.00. Following the completion of the sale, the chief executive officer now owns 378,124 shares of the company’s stock, valued at approximately $89,891,418.52. This represents a 5.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark Wolfe Nelson sold 42,769 shares of the business’s stock in a transaction on 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 directly owns 61,871 shares of the company’s stock, valued at $13,380,222.46. This trade represents a 40.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 340,750 shares of company stock worth $72,863,634 in the last three months. Insiders own 0.67% of the company’s stock.

T-Mobile US Price Performance

T-Mobile US stock opened at $238.28 on Monday. The business has a 50 day simple moving average of $219.58 and a 200 day simple moving average of $195.39. T-Mobile US, Inc. has a one year low of $147.96 and a one year high of $242.43. The company has a market capitalization of $276.52 billion, a PE ratio of 27.17, a price-to-earnings-growth ratio of 1.22 and a beta of 0.50. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.29. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The company had revenue of $20.16 billion during the quarter, compared to analyst estimates of $20.01 billion. During the same quarter last year, the business posted $1.82 earnings per share. The company’s revenue was up 4.7% on a year-over-year basis. On average, sell-side analysts forecast that T-Mobile US, Inc. will post 9.38 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Friday, February 28th will be paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date is Friday, February 28th. T-Mobile US’s dividend payout ratio (DPR) is currently 29.65%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on TMUS shares. Tigress Financial boosted their target price on shares of T-Mobile US from $205.00 to $235.00 and gave the company a “buy” rating in a research note on Monday, August 12th. TD Cowen upped their price objective on shares of T-Mobile US from $216.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Sanford C. Bernstein upgraded T-Mobile US to a “strong-buy” rating in a report on Wednesday, July 31st. Morgan Stanley lifted their price objective on T-Mobile US from $209.00 to $239.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. Finally, Barclays boosted their target price on shares of T-Mobile US from $215.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Three analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, T-Mobile US presently has an average rating of “Moderate Buy” and a consensus price target of $241.83.

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.