Resonant Capital Advisors LLC Has $507,000 Position in T-Mobile US, Inc. $TMUS

Resonant Capital Advisors LLC increased its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 6.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,127 shares of the Wireless communications provider’s stock after purchasing an additional 124 shares during the quarter. Resonant Capital Advisors LLC’s holdings in T-Mobile US were worth $507,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Activest Wealth Management grew its position in T-Mobile US by 9,400.0% during the 1st quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 94 shares during the last quarter. Missouri Trust & Investment Co lifted its stake in shares of T-Mobile US by 807.7% in the second quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 105 shares in the last quarter. Stone House Investment Management LLC bought a new position in shares of T-Mobile US in the first quarter valued at $29,000. TCTC Holdings LLC lifted its stake in shares of T-Mobile US by 208.1% in the first quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider’s stock valued at $30,000 after buying an additional 77 shares in the last quarter. Finally, Tsfg LLC bought a new position in shares of T-Mobile US in the first quarter valued at $47,000. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Performance

Shares of T-Mobile US stock opened at $217.77 on Monday. The business’s fifty day simple moving average is $239.30 and its 200 day simple moving average is $240.52. The firm has a market capitalization of $243.58 billion, a P/E ratio of 20.94, a price-to-earnings-growth ratio of 1.48 and a beta of 0.59. T-Mobile US, Inc. has a 12 month low of $208.39 and a 12 month high of $276.49. The company has a current ratio of 0.89, a quick ratio of 0.80 and a debt-to-equity ratio of 1.37.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 EPS for the quarter, topping analysts’ consensus estimates of $2.40 by $0.01. The company had revenue of $21.96 billion for the quarter, compared to analysts’ expectations of $21.61 billion. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the previous year, the business posted $2.61 EPS. As a group, 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 disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be given a $1.02 dividend. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.88. This represents a $4.08 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, November 26th. T-Mobile US’s payout ratio is presently 33.85%.

Analysts Set New Price Targets

Several brokerages recently weighed in on TMUS. TD Cowen dropped their price target on shares of T-Mobile US from $291.00 to $263.00 and set a “buy” rating on the stock in a research report on Friday. Wolfe Research dropped their target price on T-Mobile US from $300.00 to $290.00 and set an “outperform” rating on the stock in a report on Tuesday, September 30th. 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 report on Monday, July 7th. Moffett Nathanson raised their price objective on T-Mobile US from $210.00 to $230.00 and gave the company a “neutral” rating in a research note on Thursday, October 2nd. Finally, KeyCorp restated an “underweight” rating and set a $200.00 price objective on shares of T-Mobile US in a research note on Wednesday, July 9th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $268.22.

Insider Buying and Selling

In other T-Mobile US news, Director Telekom Ag Deutsche sold 64,426 shares of T-Mobile US stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $226.17, for a total value of $14,571,228.42. Following the sale, the director owned 582,220,759 shares of the company’s stock, valued at approximately $131,680,869,063.03. The trade was a 0.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 2,319,837 shares of company stock valued at $559,130,799 over the last 90 days. Insiders own 0.37% of the company’s stock.

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.