OneAscent Family Office LLC Sells 1,304 Shares of T-Mobile US, Inc. $TMUS

OneAscent Family Office LLC lessened its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 46.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,478 shares of the Wireless communications provider’s stock after selling 1,304 shares during the quarter. OneAscent Family Office LLC’s holdings in T-Mobile US were worth $352,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Activest Wealth Management boosted its holdings in T-Mobile US by 9,400.0% in the first quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 94 shares in the last quarter. Stone House Investment Management LLC acquired a new stake in shares of T-Mobile US in the first quarter worth about $29,000. TCTC Holdings LLC boosted its stake 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 acquiring an additional 77 shares in the last quarter. Missouri Trust & Investment Co increased its holdings 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 last quarter. Finally, N.E.W. Advisory Services LLC bought a new position in shares of T-Mobile US in the 1st quarter valued at approximately $47,000. 42.49% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Raymond James Financial upgraded T-Mobile US to a “hold” rating in a report on Wednesday, October 1st. Wolfe Research lowered their target price on shares of T-Mobile US from $300.00 to $290.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 30th. Wells Fargo & Company raised shares of T-Mobile US from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $250.00 to $260.00 in a research report on Thursday, October 16th. TD Cowen lowered their price target on T-Mobile US from $291.00 to $263.00 and set a “buy” rating on the stock in a research report on Friday, October 24th. Finally, HSBC raised T-Mobile US from a “hold” rating to a “buy” rating and set a $285.00 price objective for the company in a research report on Friday, October 24th. Three analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, T-Mobile US currently has a consensus rating of “Moderate Buy” and a consensus price target of $266.63.

T-Mobile US Stock Down 0.8%

NASDAQ TMUS opened at $204.74 on Thursday. T-Mobile US, Inc. has a twelve month low of $202.73 and a twelve month high of $276.49. The stock has a market cap of $229.00 billion, a PE ratio of 19.69, a PEG ratio of 1.51 and a beta of 0.57. The firm has a 50-day simple moving average of $232.38 and a 200 day simple moving average of $237.78. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.80 and a current ratio of 0.89.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 EPS for the quarter, beating the consensus estimate of $2.40 by $0.01. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The firm had revenue of $21.96 billion during the quarter, compared to analysts’ expectations of $21.61 billion. During the same quarter in the prior year, the firm posted $2.61 EPS. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. On average, research analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be issued a $1.02 dividend. This is a boost from T-Mobile US’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a $4.08 annualized dividend and a yield of 2.0%. T-Mobile US’s payout ratio is presently 39.23%.

Insider Activity

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the firm’s stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $250.87, for a total transaction of $17,520,760.80. Following the completion of the transaction, the director directly owned 636,271,724 shares of the company’s stock, valued at approximately $159,621,487,399.88. This trade represents a 0.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders have sold 2,183,061 shares of company stock valued at $523,510,104. Corporate insiders own 0.37% of the company’s stock.

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.