First Trust Direct Indexing L.P. Boosts Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

First Trust Direct Indexing L.P. increased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 13.1% during the third quarter, Holdings Channel.com reports. The fund owned 18,593 shares of the Wireless communications provider’s stock after buying an additional 2,153 shares during the period. First Trust Direct Indexing L.P.’s holdings in T-Mobile US were worth $3,837,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of TMUS. DT Investment Partners LLC grew its holdings in T-Mobile US by 65.3% in the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 47 shares during the period. MFA Wealth Advisors LLC grew its stake in T-Mobile US by 128.3% in the 3rd quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 77 shares during the period. WASHINGTON TRUST Co increased its holdings 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 worth $25,000 after acquiring an additional 83 shares in the last quarter. Y.D. More Investments Ltd acquired a new position in T-Mobile US during the second quarter worth $27,000. Finally, Summit Securities Group LLC purchased a new position in T-Mobile US during the second quarter valued at $27,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on TMUS shares. JPMorgan Chase & Co. upped their price target on shares of T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Daiwa America upgraded T-Mobile US to a “hold” rating in a research report on Friday, October 25th. Royal Bank of Canada lifted their price target on T-Mobile US from $232.00 to $255.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. The Goldman Sachs Group increased their price objective on T-Mobile US from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, KeyCorp raised their price objective on T-Mobile US from $230.00 to $252.00 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 assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $241.83.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, CFO Peter Osvaldik sold 20,000 shares of T-Mobile US stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $233.55, for a total transaction of $4,671,000.00. Following the completion of the sale, the chief financial officer now directly owns 61,307 shares in the company, valued at $14,318,249.85. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other T-Mobile US news, CFO Peter Osvaldik sold 20,000 shares of the company’s stock in a transaction 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 directly owns 61,307 shares in the company, valued at $14,318,249.85. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark Wolfe Nelson sold 42,769 shares of T-Mobile US stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $216.26, for a total value of $9,249,223.94. Following the completion of the sale, the executive vice president now directly owns 61,871 shares of the company’s stock, valued at $13,380,222.46. 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 valued at $74,082,130 over the last 90 days. 0.67% of the stock is owned by insiders.

T-Mobile US Trading Down 1.2 %

Shares of T-Mobile US stock traded down $2.62 during mid-day trading on Wednesday, hitting $223.43. The stock had a trading volume of 802,934 shares, compared to its average volume of 4,479,174. The firm has a 50-day moving average of $207.32 and a two-hundred day moving average of $186.51. The firm has a market cap of $261.83 billion, a P/E ratio of 30.76, a price-to-earnings-growth ratio of 1.15 and a beta of 0.51. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 1.22. T-Mobile US, Inc. has a 12-month low of $141.29 and a 12-month high of $234.56.

T-Mobile US (NASDAQ:TMUS) last issued 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 return on equity of 14.88% and a net margin of 11.95%. The company had revenue of $20.16 billion during the quarter, compared to analyst estimates of $20.01 billion. During the same period in the prior year, the business posted $1.82 earnings per share. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. Sell-side analysts forecast that T-Mobile US, Inc. will post 9.22 earnings per share for the current year.

T-Mobile US Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be issued a $0.88 dividend. 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 yield of 1.58%. The ex-dividend date of this dividend is Wednesday, November 27th. T-Mobile US’s payout ratio is 47.89%.

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.