REAP Financial Group LLC Buys 222 Shares of T-Mobile US, Inc. $TMUS

REAP Financial Group LLC grew its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 189.7% in the second quarter, HoldingsChannel.com reports. The fund owned 339 shares of the Wireless communications provider’s stock after acquiring an additional 222 shares during the quarter. REAP Financial Group LLC’s holdings in T-Mobile US were worth $81,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Activest Wealth Management lifted its position in shares of T-Mobile US by 9,400.0% during the 1st quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 94 shares during the period. Missouri Trust & Investment Co lifted its position in shares of T-Mobile US by 807.7% during the 2nd quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 105 shares during the period. Stone House Investment Management LLC acquired a new position in shares of T-Mobile US during the 1st quarter worth $29,000. TCTC Holdings LLC raised its holdings in shares of T-Mobile US by 208.1% during the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider’s stock worth $30,000 after buying an additional 77 shares in the last quarter. Finally, City Holding Co. raised its holdings in shares of T-Mobile US by 45.3% during the 1st quarter. City Holding Co. now owns 138 shares of the Wireless communications provider’s stock worth $37,000 after buying an additional 43 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TMUS has been the subject of a number of research analyst reports. Rothschild & Co Redburn raised T-Mobile US from a “sell” rating to a “neutral” rating and set a $228.00 price target for the company in a report on Monday, July 7th. Scotiabank boosted their price target on T-Mobile US from $271.50 to $278.00 and gave the stock a “sector outperform” rating in a report on Monday. Deutsche Bank Aktiengesellschaft boosted their price target on T-Mobile US from $280.00 to $300.00 in a report on Thursday, October 2nd. The Goldman Sachs Group initiated coverage on T-Mobile US in a report on Tuesday, September 2nd. They set a “buy” rating and a $286.00 price target for the company. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of T-Mobile US in a report on Wednesday. Three research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $264.29.

T-Mobile US Price Performance

Shares of TMUS opened at $226.58 on Thursday. T-Mobile US, Inc. has a 12-month low of $208.39 and a 12-month high of $276.49. The business has a 50-day simple moving average of $243.77 and a two-hundred day simple moving average of $243.46. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33. The stock has a market cap of $255.00 billion, a PE ratio of 21.38, a PEG ratio of 1.46 and a beta of 0.59.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.69 by $0.15. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The business had revenue of $21.13 billion during the quarter, compared to analysts’ expectations of $20.99 billion. During the same quarter in the prior year, the firm earned $2.49 EPS. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. Analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Wednesday, November 26th. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.88. This represents a $4.08 annualized dividend and a dividend yield of 1.8%. T-Mobile US’s payout ratio is currently 33.21%.

Insider Buying and Selling at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 64,426 shares of the stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $224.60, for a total value of $14,470,079.60. Following the completion of the sale, the director owned 628,168,603 shares of the company’s stock, valued at approximately $141,086,668,233.80. This represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold a total of 2,504,415 shares of company stock valued at $604,166,102 over the last ninety days. Corporate insiders own 0.37% of the company’s stock.

About T-Mobile US

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.