Ritholtz Wealth Management Acquires 263 Shares of T-Mobile US, Inc. $TMUS

Ritholtz Wealth Management lifted its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 2.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,347 shares of the Wireless communications provider’s stock after purchasing an additional 263 shares during the quarter. Ritholtz Wealth Management’s holdings in T-Mobile US were worth $3,180,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. GAMMA Investing LLC boosted its holdings in T-Mobile US by 10.2% in the first quarter. GAMMA Investing LLC now owns 11,449 shares of the Wireless communications provider’s stock worth $3,054,000 after acquiring an additional 1,059 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in T-Mobile US by 1.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 559,131 shares of the Wireless communications provider’s stock worth $149,126,000 after purchasing an additional 5,957 shares in the last quarter. Dynamic Advisor Solutions LLC bought a new position in T-Mobile US in the 1st quarter worth about $1,096,000. Cyndeo Wealth Partners LLC boosted its stake in T-Mobile US by 3.6% in the 1st quarter. Cyndeo Wealth Partners LLC now owns 1,653 shares of the Wireless communications provider’s stock worth $441,000 after purchasing an additional 58 shares in the last quarter. Finally, Chicago Capital LLC bought a new position in T-Mobile US in the 1st quarter worth about $444,000. 42.49% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Arete Research raised T-Mobile US to a “strong-buy” rating in a report on Tuesday, July 8th. Wolfe Research lowered their price objective on shares of T-Mobile US from $300.00 to $290.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 30th. BNP Paribas Exane increased their price objective on shares of T-Mobile US from $290.00 to $305.00 and gave the company an “outperform” rating in a research report on Monday, October 6th. Redburn Atlantic upgraded shares of T-Mobile US from a “strong sell” rating to a “hold” rating and set a $228.00 price objective on the stock in a research report on Monday, July 7th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of T-Mobile US in a report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, T-Mobile US presently has an average rating of “Moderate Buy” and an average price target of $265.13.

T-Mobile US Price Performance

NASDAQ TMUS opened at $226.65 on Thursday. T-Mobile US, Inc. has a 12 month low of $208.39 and a 12 month high of $276.49. The stock has a market cap of $255.08 billion, a price-to-earnings ratio of 21.38, a PEG ratio of 1.57 and a beta of 0.59. The company’s 50 day moving average is $242.60 and its two-hundred day moving average is $242.23. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, beating the consensus estimate of $2.69 by $0.15. The firm had revenue of $21.13 billion for the quarter, compared to the consensus estimate of $20.99 billion. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The company’s revenue was up 6.9% on a year-over-year basis. During the same period last year, the firm earned $2.49 EPS. As a group, research analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share 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 dividend of $1.02 per share. This is a boost from T-Mobile US’s previous quarterly dividend of $0.88. This represents a $4.08 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Wednesday, November 26th. T-Mobile US’s payout ratio is 38.49%.

Insider Buying and Selling

In related news, Director Telekom Ag Deutsche sold 64,426 shares of T-Mobile US stock in a transaction that occurred on Monday, October 13th. The stock was sold at an average price of $226.15, for a total transaction of $14,569,939.90. Following the sale, the director owned 627,846,473 shares of the company’s stock, valued at approximately $141,987,479,868.95. This trade represents a 0.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 2,418,333 shares of company stock worth $584,293,759 over the last quarter. 0.37% of the stock is owned by company insiders.

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.