Cyndeo Wealth Partners LLC Boosts Stock Holdings in T-Mobile US, Inc. $TMUS

Cyndeo Wealth Partners LLC grew its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 14.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,888 shares of the Wireless communications provider’s stock after acquiring an additional 235 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in T-Mobile US were worth $450,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the company. Total Wealth Planning & Management Inc. boosted its holdings in T-Mobile US by 152.1% during the 2nd quarter. Total Wealth Planning & Management Inc. now owns 5,515 shares of the Wireless communications provider’s stock worth $1,314,000 after acquiring an additional 3,327 shares during the last quarter. WMG Financial Advisors LLC raised its stake in shares of T-Mobile US by 25.1% during the 2nd quarter. WMG Financial Advisors LLC now owns 1,057 shares of the Wireless communications provider’s stock worth $252,000 after purchasing an additional 212 shares during the period. Verde Servicos Internacionais S.A. bought a new stake in shares of T-Mobile US during the 2nd quarter worth $12,985,000. McKinley Carter Wealth Services Inc. bought a new stake in shares of T-Mobile US during the 2nd quarter worth $1,882,000. Finally, Coordinated Financial Services Inc. bought a new stake in shares of T-Mobile US during the 2nd quarter worth $619,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 64,426 shares of the company’s stock in a transaction dated Wednesday, October 8th. The stock was sold at an average price of $226.17, for a total transaction of $14,571,228.42. Following the sale, the director directly owned 628,039,751 shares in the company, valued at $142,043,750,483.67. This represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders sold 2,499,001 shares of company stock worth $602,845,239 in the last quarter. Corporate insiders own 0.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Rothschild & Co Redburn upgraded T-Mobile US from a “sell” rating to a “neutral” rating and set a $228.00 target price on the stock in a research note on Monday, July 7th. KeyCorp reiterated an “underweight” rating and set a $200.00 target price on shares of T-Mobile US in a research note on Wednesday, July 9th. Wolfe Research lowered their target price on T-Mobile US from $300.00 to $290.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 30th. Deutsche Bank Aktiengesellschaft lifted their target price on T-Mobile US from $280.00 to $300.00 in a research note on Thursday, October 2nd. Finally, Rothschild Redb upgraded T-Mobile US to a “hold” rating in a research note on Tuesday, September 30th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $265.13.

T-Mobile US Trading Up 1.1%

Shares of T-Mobile US stock opened at $228.79 on Friday. T-Mobile US, Inc. has a 52-week low of $208.39 and a 52-week high of $276.49. The stock’s 50-day simple moving average is $243.36 and its 200 day simple moving average is $242.89. The stock has a market capitalization of $257.48 billion, a P/E ratio of 21.58, a P/E/G ratio of 1.56 and a beta of 0.59. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21.

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 (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $21.13 billion for the quarter, compared to analysts’ expectations of $20.99 billion. During the same period in the previous year, the business posted $2.49 EPS. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. As a group, research analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be given 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 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Wednesday, November 26th. T-Mobile US’s dividend payout ratio (DPR) is currently 33.21%.

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.