T-Mobile US, Inc. (NASDAQ:TMUS) Shares Acquired by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC lifted its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 29.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,110 shares of the Wireless communications provider’s stock after acquiring an additional 479 shares during the quarter. Transcend Capital Advisors LLC’s holdings in T-Mobile US were worth $372,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in TMUS. Venturi Wealth Management LLC increased its position in shares of T-Mobile US by 52.6% in the 4th quarter. Venturi Wealth Management LLC now owns 290 shares of the Wireless communications provider’s stock worth $46,000 after purchasing an additional 100 shares during the last quarter. Advisory Alpha LLC bought a new stake in shares of T-Mobile US in the 4th quarter worth about $200,000. International Assets Investment Management LLC increased its position in shares of T-Mobile US by 10,134.7% in the 4th quarter. International Assets Investment Management LLC now owns 33,365 shares of the Wireless communications provider’s stock worth $5,349,000 after purchasing an additional 33,039 shares during the last quarter. Fulton Bank N.A. increased its position in shares of T-Mobile US by 4.6% in the 4th quarter. Fulton Bank N.A. now owns 4,168 shares of the Wireless communications provider’s stock worth $668,000 after purchasing an additional 185 shares during the last quarter. Finally, Allworth Financial LP increased its position in shares of T-Mobile US by 12.8% in the 4th quarter. Allworth Financial LP now owns 7,703 shares of the Wireless communications provider’s stock worth $1,235,000 after purchasing an additional 872 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insider Buying and Selling

In related news, insider Michael J. Katz sold 3,000 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $177.59, for a total transaction of $532,770.00. Following the completion of the sale, the insider now directly owns 122,687 shares in the company, valued at $21,787,984.33. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other T-Mobile US news, insider Michael J. Katz sold 3,000 shares of the stock in a transaction on Monday, July 1st. The shares were sold at an average price of $177.59, for a total transaction of $532,770.00. Following the transaction, the insider now directly owns 122,687 shares of the company’s stock, valued at $21,787,984.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Dara Bazzano sold 4,300 shares of the stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $179.78, for a total transaction of $773,054.00. Following the transaction, the chief accounting officer now directly owns 6,202 shares in the company, valued at $1,114,995.56. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,019,788 shares of company stock worth $685,706,726. Corporate insiders own 0.67% of the company’s stock.

T-Mobile US Stock Up 0.9 %

Shares of TMUS traded up $1.69 during mid-day trading on Friday, reaching $188.76. The company’s stock had a trading volume of 7,922,756 shares, compared to its average volume of 4,072,309. The business has a fifty day moving average of $177.82 and a 200 day moving average of $168.05. The company has a market cap of $220.24 billion, a price-to-earnings ratio of 25.68, a price-to-earnings-growth ratio of 0.76 and a beta of 0.51. T-Mobile US, Inc. has a 1 year low of $131.47 and a 1 year high of $193.77. The company has a quick ratio of 0.86, a current ratio of 0.84 and a debt-to-equity ratio of 1.22.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.22. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The business had revenue of $19.77 billion during the quarter, compared to analyst estimates of $19.61 billion. During the same period last year, the company earned $1.86 earnings per share. T-Mobile US’s quarterly revenue was up 3.0% compared to the same quarter last year. As a group, analysts forecast that T-Mobile US, Inc. will post 9.05 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Friday, August 30th will be issued a dividend of $0.65 per share. The ex-dividend date is Friday, August 30th. This represents a $2.60 annualized dividend and a dividend yield of 1.38%. T-Mobile US’s dividend payout ratio is 35.37%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TMUS. Sanford C. Bernstein upgraded T-Mobile US to a “strong-buy” rating in a research report on Wednesday. Bank of America increased their price objective on T-Mobile US from $175.00 to $195.00 and gave the stock a “buy” rating in a report on Monday, June 10th. StockNews.com raised T-Mobile US from a “hold” rating to a “buy” rating in a report on Tuesday, July 30th. The Goldman Sachs Group assumed coverage on T-Mobile US in a report on Monday, July 1st. They issued a “buy” rating and a $200.00 price objective for the company. Finally, Benchmark increased their price objective on T-Mobile US from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday. One research analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $196.75.

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.