T-Mobile US, Inc. (NASDAQ:TMUS) Shares Acquired by Pinnacle Wealth Management Advisory Group LLC

Pinnacle Wealth Management Advisory Group LLC boosted its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 7.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,625 shares of the Wireless communications provider’s stock after purchasing an additional 111 shares during the quarter. Pinnacle Wealth Management Advisory Group LLC’s holdings in T-Mobile US were worth $261,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Valley National Advisers Inc. increased its stake in T-Mobile US by 232.1% during the 4th quarter. Valley National Advisers Inc. now owns 176 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 123 shares in the last quarter. Baker Avenue Asset Management LP raised its stake in T-Mobile US by 63.3% in the 3rd quarter. Baker Avenue Asset Management LP now owns 209 shares of the Wireless communications provider’s stock valued at $29,000 after purchasing an additional 81 shares during the last quarter. Bay Harbor Wealth Management LLC purchased a new position in T-Mobile US in the 4th quarter valued at $34,000. Raleigh Capital Management Inc. boosted its stake in T-Mobile US by 54.5% during the 3rd quarter. Raleigh Capital Management Inc. now owns 255 shares of the Wireless communications provider’s stock worth $36,000 after purchasing an additional 90 shares during the last quarter. Finally, Mine & Arao Wealth Creation & Management LLC. acquired a new stake in shares of T-Mobile US in the third quarter valued at about $42,000. Institutional investors and hedge funds own 42.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TMUS. Benchmark restated a “buy” rating and set a $200.00 price target on shares of T-Mobile US in a research report on Friday, January 26th. Oppenheimer reissued an “outperform” rating and issued a $190.00 price target on shares of T-Mobile US in a research note on Wednesday, April 3rd. Citigroup increased their target price on shares of T-Mobile US from $176.00 to $184.00 and gave the stock a “buy” rating in a report on Monday, March 25th. Royal Bank of Canada upped their price objective on T-Mobile US from $184.00 to $188.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Finally, KeyCorp increased their price target on T-Mobile US from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. One investment analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $186.33.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS traded up $1.24 during midday trading on Thursday, hitting $164.07. 2,050,163 shares of the stock were exchanged, compared to its average volume of 4,540,958. The stock has a market cap of $192.27 billion, a P/E ratio of 22.15, a PEG ratio of 0.64 and a beta of 0.48. T-Mobile US, Inc. has a twelve month low of $124.92 and a twelve month high of $168.64. The company has a 50 day moving average price of $162.61 and a 200-day moving average price of $158.34. The company has a current ratio of 0.94, a quick ratio of 0.86 and a debt-to-equity ratio of 1.25.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 EPS for the quarter, beating the consensus estimate of $1.83 by $0.17. T-Mobile US had a net margin of 11.15% and a return on equity of 13.61%. The business had revenue of $19.59 billion for the quarter, compared to analyst estimates of $19.81 billion. During the same period in the prior year, the business earned $1.58 earnings per share. The company’s quarterly revenue was down .2% on a year-over-year basis. On average, research analysts forecast that T-Mobile US, Inc. will post 9.01 earnings per share for the current year.

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Friday, May 31st will be paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Friday, May 31st. T-Mobile US’s payout ratio is 35.37%.

Insiders Place Their Bets

In other T-Mobile US news, Director Telekom Ag Deutsche sold 189,670 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $162.43, for a total value of $30,808,098.10. Following the completion of the transaction, the director now owns 676,969,021 shares in the company, valued at approximately $109,960,078,081.03. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Telekom Ag Deutsche sold 189,670 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $162.43, for a total transaction of $30,808,098.10. Following the completion of the sale, the director now directly owns 676,969,021 shares in the company, valued at $109,960,078,081.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mark Wolfe Nelson sold 13,872 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $160.27, for a total value of $2,223,265.44. Following the completion of the transaction, the executive vice president now directly owns 107,328 shares of the company’s stock, valued at approximately $17,201,458.56. The disclosure for this sale can be found here. In the last three months, insiders sold 6,537,157 shares of company stock valued at $1,062,270,599. Company insiders own 0.70% of the company’s stock.

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.