RIA Advisory Group LLC Purchases Shares of 6,588 T-Mobile US, Inc. (NASDAQ:TMUS)

RIA Advisory Group LLC purchased a new position in T-Mobile US, Inc. (NASDAQ:TMUS) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,588 shares of the Wireless communications provider’s stock, valued at approximately $1,360,000.

Other hedge funds have also recently added to or reduced their stakes in the company. DT Investment Partners LLC lifted its position in T-Mobile US by 65.3% in the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 47 shares during the period. Davis Investment Partners LLC grew its position in shares of T-Mobile US by 0.6% during the 3rd quarter. Davis Investment Partners LLC now owns 8,223 shares of the Wireless communications provider’s stock worth $1,711,000 after buying an additional 51 shares during the period. Barden Capital Management Inc. grew its position in shares of T-Mobile US by 0.8% during the 3rd quarter. Barden Capital Management Inc. now owns 6,824 shares of the Wireless communications provider’s stock worth $1,408,000 after buying an additional 54 shares during the period. Compton Wealth Advisory Group LLC lifted its holdings in shares of T-Mobile US by 0.4% during the 2nd quarter. Compton Wealth Advisory Group LLC now owns 15,009 shares of the Wireless communications provider’s stock valued at $2,644,000 after purchasing an additional 56 shares in the last quarter. Finally, Benjamin Edwards Inc. lifted its holdings in shares of T-Mobile US by 0.7% during the 2nd quarter. Benjamin Edwards Inc. now owns 8,331 shares of the Wireless communications provider’s stock valued at $1,468,000 after purchasing an additional 56 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Wall Street Analysts Forecast Growth

TMUS has been the topic of several research reports. StockNews.com upgraded T-Mobile US from a “hold” rating to a “buy” rating in a research note on Tuesday, July 30th. Oppenheimer upped their price objective on T-Mobile US from $215.00 to $250.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. BNP Paribas upgraded T-Mobile US to a “strong-buy” rating in a research report on Friday, October 25th. Benchmark upped their target price on T-Mobile US from $250.00 to $255.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, The Goldman Sachs Group upped their price objective on T-Mobile US from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Three analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $241.83.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of T-Mobile US stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $237.73, for a total transaction of $4,754,600.00. Following the completion of the transaction, the chief executive officer now owns 378,124 shares in the company, valued at approximately $89,891,418.52. This trade represents a 5.02 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Raul Marcelo Claure sold 1,572 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $196.00, for a total value of $308,112.00. Following the sale, the director now owns 1,824,632 shares in the company, valued at $357,627,872. This trade represents a 0.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 464,924 shares of company stock worth $97,427,925 over the last ninety days. Company insiders own 0.67% of the company’s stock.

T-Mobile US Stock Down 0.9 %

Shares of TMUS stock traded down $2.14 during mid-day trading on Friday, hitting $235.61. The company’s stock had a trading volume of 3,940,160 shares, compared to its average volume of 4,440,809. The stock has a market cap of $273.42 billion, a price-to-earnings ratio of 26.87, a PEG ratio of 1.23 and a beta of 0.50. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.08. T-Mobile US, Inc. has a 52-week low of $147.07 and a 52-week high of $242.43. The business has a 50-day moving average price of $215.88 and a 200 day moving average price of $192.44.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.32 by $0.29. The business had revenue of $20.16 billion during the quarter, compared to analyst estimates of $20.01 billion. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. T-Mobile US’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.82 earnings per share. Research analysts predict that T-Mobile US, Inc. will post 9.36 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be given a dividend of $0.88 per share. The ex-dividend date is Wednesday, November 27th. This is an increase from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 dividend on an annualized basis and a yield of 1.49%. T-Mobile US’s dividend payout ratio is 29.65%.

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.