Independent Advisor Alliance Purchases 349 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Independent Advisor Alliance boosted its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 0.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 38,302 shares of the Wireless communications provider’s stock after purchasing 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 quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. International Assets Investment Management LLC grew its holdings in shares of T-Mobile US by 21,580.9% during the third quarter. International Assets Investment Management LLC now owns 249,981 shares of the Wireless communications provider’s stock valued at $51,586,000 after buying an additional 248,828 shares during the last quarter. Raymond James Trust N.A. boosted its stake in T-Mobile US by 55.2% during the 3rd quarter. Raymond James Trust N.A. now owns 35,752 shares of the Wireless communications provider’s stock valued at $7,378,000 after purchasing an additional 12,712 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of T-Mobile US by 0.9% in the 3rd quarter. Victory Capital Management Inc. now owns 937,085 shares of the Wireless communications provider’s stock worth $193,377,000 after purchasing an additional 8,101 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in shares of T-Mobile US by 13.6% during the 2nd quarter. NewEdge Advisors LLC now owns 211,059 shares of the Wireless communications provider’s stock valued at $37,184,000 after acquiring an additional 25,217 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in T-Mobile US by 12.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 164,532 shares of the Wireless communications provider’s stock worth $33,953,000 after purchasing an additional 18,222 shares during the period. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Price Performance

TMUS stock opened at $238.28 on Monday. 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, Inc. has a 1 year low of $147.96 and a 1 year high of $242.43. The firm has a market capitalization of $276.52 billion, a P/E ratio of 27.17, a P/E/G ratio of 1.22 and a beta of 0.50. The business’s 50-day moving average is $219.58 and its two-hundred day moving average is $195.39.

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, beating analysts’ consensus estimates of $2.32 by $0.29. The company had revenue of $20.16 billion during the quarter, compared to analysts’ expectations of $20.01 billion. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.82 earnings per share. Analysts anticipate that T-Mobile US, Inc. will post 9.38 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

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

Insider Activity

In other news, CEO G Michael Sievert sold 20,000 shares of the firm’s stock in a transaction 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 in the company, valued at approximately $89,891,418.52. This trade represents a 5.02 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Raul Marcelo Claure sold 1,572 shares of T-Mobile US stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $196.00, for a total value of $308,112.00. Following the completion of the sale, the director now directly owns 1,824,632 shares in the company, valued at $357,627,872. This represents a 0.09 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 340,750 shares of company stock valued at $72,863,634. Insiders own 0.67% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Morgan Stanley increased their price objective on shares of T-Mobile US from $209.00 to $239.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. Benchmark lifted their price target on shares of T-Mobile US from $250.00 to $255.00 and gave the stock 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 research note on Wednesday, July 31st. BNP Paribas upgraded T-Mobile US to a “strong-buy” rating in a research report on Friday, October 25th. Finally, Barclays upped their price target on T-Mobile US from $215.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Three analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $241.83.

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.