T-Mobile US, Inc. (NASDAQ:TMUS) Shares Bought by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC boosted its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 20.8% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 11,129 shares of the Wireless communications provider’s stock after purchasing an additional 1,916 shares during the period. Axxcess Wealth Management LLC’s holdings in T-Mobile US were worth $2,297,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. WASHINGTON TRUST Co lifted its holdings in T-Mobile US by 143.1% in the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 83 shares during the period. DT Investment Partners LLC lifted its stake in shares of T-Mobile US by 65.3% in the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 47 shares during the period. Summit Securities Group LLC purchased a new stake in T-Mobile US during the second quarter worth $27,000. Y.D. More Investments Ltd acquired a new stake in T-Mobile US during the second quarter valued at $27,000. Finally, MFA Wealth Advisors LLC increased its holdings in T-Mobile US by 128.3% in the third quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 77 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Tigress Financial raised their target price on T-Mobile US from $205.00 to $235.00 and gave the company a “buy” rating in a research report on Monday, August 12th. The Goldman Sachs Group raised their price objective on T-Mobile US from $220.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. boosted their price objective on T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. TD Cowen increased their target price on T-Mobile US from $216.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, Citigroup upped their price objective on shares of T-Mobile US from $210.00 to $254.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Three research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $241.83.

T-Mobile US Stock Up 1.3 %

Shares of NASDAQ:TMUS opened at $238.32 on Tuesday. The business has a fifty day moving average of $211.81 and a two-hundred day moving average of $190.22. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. The stock has a market cap of $276.57 billion, a P/E ratio of 27.17, a PEG ratio of 1.20 and a beta of 0.50. T-Mobile US, Inc. has a 52-week low of $145.77 and a 52-week high of $239.13.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.29. The company had revenue of $20.16 billion during the quarter, compared to analysts’ expectations of $20.01 billion. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.82 earnings per share. On average, research analysts expect that T-Mobile US, Inc. will post 9.36 earnings per share for the current year.

T-Mobile US Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be paid a dividend of $0.88 per share. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.65. The ex-dividend date is Wednesday, November 27th. This represents a $3.52 annualized dividend and a yield of 1.48%. T-Mobile US’s dividend payout ratio is presently 29.65%.

Insider Activity at T-Mobile US

In related news, Director Raul Marcelo Claure sold 1,572 shares of T-Mobile US stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $196.00, for a total value of $308,112.00. Following the completion of the transaction, the director now owns 1,824,632 shares in the company, valued at approximately $357,627,872. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Raul Marcelo Claure sold 1,572 shares of T-Mobile US stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $196.00, for a total value of $308,112.00. Following the completion of the transaction, the director now owns 1,824,632 shares in the company, valued at approximately $357,627,872. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Peter Osvaldik sold 20,000 shares of T-Mobile US stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $233.55, for a total transaction of $4,671,000.00. Following the completion of the transaction, the chief financial officer now owns 61,307 shares of the company’s stock, valued at $14,318,249.85. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 433,824 shares of company stock worth $90,112,000 in the last three months. 0.67% of the stock is owned by company insiders.

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.