Independent Wealth Network Inc. Acquires 215 Shares of T-Mobile US, Inc. $TMUS

Independent Wealth Network Inc. lifted its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 22.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,187 shares of the Wireless communications provider’s stock after acquiring an additional 215 shares during the quarter. Independent Wealth Network Inc.’s holdings in T-Mobile US were worth $283,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of TMUS. West Branch Capital LLC raised its holdings in shares of T-Mobile US by 11.9% in the 2nd quarter. West Branch Capital LLC now owns 8,162 shares of the Wireless communications provider’s stock worth $1,945,000 after acquiring an additional 869 shares during the last quarter. ORG Partners LLC increased its position in shares of T-Mobile US by 18.8% during the 2nd quarter. ORG Partners LLC now owns 532 shares of the Wireless communications provider’s stock valued at $127,000 after purchasing an additional 84 shares during the last quarter. Old Port Advisors increased its stake in T-Mobile US by 11.1% in the 2nd quarter. Old Port Advisors now owns 1,191 shares of the Wireless communications provider’s stock worth $284,000 after purchasing an additional 119 shares during the period. Patton Fund Management Inc. bought a new stake in shares of T-Mobile US in the 2nd quarter worth approximately $225,000. Finally, True North Advisors LLC boosted its holdings in shares of T-Mobile US by 7.1% during the 2nd quarter. True North Advisors LLC now owns 1,320 shares of the Wireless communications provider’s stock valued at $315,000 after buying an additional 87 shares in the last quarter. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Down 0.2%

NASDAQ:TMUS opened at $237.47 on Friday. The firm has a market capitalization of $267.25 billion, a price-to-earnings ratio of 22.40, a PEG ratio of 1.30 and a beta of 0.61. T-Mobile US, Inc. has a 1-year low of $202.77 and a 1-year high of $276.49. The business’s fifty day moving average price is $244.96 and its 200 day moving average price is $244.85. 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 earnings per share for the quarter, topping the consensus estimate of $2.69 by $0.15. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The company had revenue of $21.13 billion for the quarter, compared to analyst estimates of $20.99 billion. During the same quarter last year, the firm earned $2.49 EPS. T-Mobile US’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, sell-side analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be given a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Wednesday, November 26th. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.88. 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 the business’s stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $238.98, for a total transaction of $15,396,525.48. Following the completion of the transaction, the director directly owned 634,305,918 shares in the company, valued at $151,586,428,283.64. The trade was a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 2,595,472 shares of company stock worth $625,997,723 over the last quarter. 0.37% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Royal Bank Of Canada lifted their price objective on T-Mobile US from $265.00 to $270.00 and gave the company a “sector perform” rating in a research report on Friday, July 25th. Morgan Stanley upped their price objective on shares of T-Mobile US from $265.00 to $285.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. The Goldman Sachs Group started coverage on T-Mobile US in a research report on Tuesday, September 2nd. They set a “buy” rating and a $286.00 target price on the stock. Bank of America initiated coverage on T-Mobile US in a research note on Monday, July 7th. They set a “neutral” rating and a $255.00 price objective on the stock. Finally, JPMorgan Chase & Co. lifted their price objective on shares of T-Mobile US from $270.00 to $280.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, T-Mobile US presently has a consensus rating of “Moderate Buy” and a consensus target price of $258.02.

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.