Pinnacle Wealth Planning Services Inc. Boosts Position in T-Mobile US, Inc. $TMUS

Pinnacle Wealth Planning Services Inc. increased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 11.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,150 shares of the Wireless communications provider’s stock after acquiring an additional 336 shares during the quarter. Pinnacle Wealth Planning Services Inc.’s holdings in T-Mobile US were worth $751,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Activest Wealth Management boosted its holdings in T-Mobile US by 9,400.0% in the 1st quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 94 shares during the last quarter. Missouri Trust & Investment Co increased its holdings in shares of T-Mobile US by 807.7% during the 2nd quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 105 shares during the last quarter. Stone House Investment Management LLC purchased a new stake in shares of T-Mobile US during the 1st quarter valued at approximately $29,000. Aspect Partners LLC lifted its holdings in T-Mobile US by 112.1% in the second quarter. Aspect Partners LLC now owns 123 shares of the Wireless communications provider’s stock valued at $29,000 after acquiring an additional 65 shares during the last quarter. Finally, TCTC Holdings LLC grew its position in T-Mobile US by 208.1% in the first quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider’s stock worth $30,000 after acquiring an additional 77 shares during the period. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at T-Mobile US

In other T-Mobile US news, CEO Srini Gopalan bought 9,800 shares of T-Mobile US stock in a transaction on Thursday, November 6th. The shares were bought at an average cost of $201.82 per share, for a total transaction of $1,977,836.00. Following the acquisition, the chief executive officer directly owned 90,258 shares in the company, valued at $18,215,869.56. This represents a 12.18% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Telekom Ag Deutsche sold 1,374 shares of the business’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $220.46, for a total transaction of $302,912.04. Following the completion of the transaction, the director owned 582,065,875 shares of the company’s stock, valued at approximately $128,322,242,802.50. This trade represents a 0.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 1,878,701 shares of company stock worth $447,354,610. 0.37% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on TMUS. Daiwa Capital Markets reduced their target price on T-Mobile US from $240.00 to $230.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 28th. Tigress Financial raised their price objective on T-Mobile US from $305.00 to $310.00 and gave the stock a “buy” rating in a research report on Tuesday, November 11th. HSBC upgraded shares of T-Mobile US from a “hold” rating to a “buy” rating and set a $285.00 price objective on the stock in a report on Friday, October 24th. Benchmark increased their target price on shares of T-Mobile US from $275.00 to $295.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. Finally, Royal Bank Of Canada reiterated a “buy” rating on shares of T-Mobile US in a research report on Friday, October 24th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, T-Mobile US currently has a consensus rating of “Moderate Buy” and a consensus price target of $266.83.

T-Mobile US Price Performance

TMUS opened at $215.84 on Tuesday. The stock’s 50-day moving average price is $225.86 and its 200 day moving average price is $235.55. T-Mobile US, Inc. has a 12-month low of $199.41 and a 12-month high of $276.49. The firm has a market cap of $241.42 billion, a price-to-earnings ratio of 20.75, a PEG ratio of 1.51 and a beta of 0.57. 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 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.01. The company had revenue of $21.96 billion during the quarter, compared to the consensus estimate of $21.61 billion. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.T-Mobile US’s revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the company posted $2.61 EPS. As a group, sell-side analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.9%. This is an increase from T-Mobile US’s previous quarterly dividend of $0.88. The ex-dividend date is Wednesday, November 26th. T-Mobile US’s dividend payout ratio (DPR) is presently 39.23%.

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.