T-Mobile US, Inc. $TMUS Stock: Asset One Wealth Management LLC Raises Stake

Asset One Wealth Management LLC raised its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 22.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,394 shares of the Wireless communications provider’s stock after acquiring an additional 4,135 shares during the period. Asset One Wealth Management LLC’s holdings in T-Mobile US were worth $3,652,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TMUS. Sachetta LLC lifted its holdings in T-Mobile US by 52.9% in the 1st quarter. Sachetta LLC now owns 159 shares of the Wireless communications provider’s stock valued at $33,000 after acquiring an additional 55 shares during the last quarter. Legacy Wealth Asset Management LLC grew its position in shares of T-Mobile US by 1.2% during the 2nd quarter. Legacy Wealth Asset Management LLC now owns 4,844 shares of the Wireless communications provider’s stock worth $812,000 after buying an additional 56 shares during the period. Heartland Bank & Trust Co raised its holdings in T-Mobile US by 3.5% during the 1st quarter. Heartland Bank & Trust Co now owns 1,841 shares of the Wireless communications provider’s stock valued at $387,000 after acquiring an additional 62 shares during the period. CGN Advisors LLC raised its position in T-Mobile US by 0.6% during the 2nd quarter. CGN Advisors LLC now owns 10,909 shares of the Wireless communications provider’s stock valued at $1,830,000 after purchasing an additional 64 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of T-Mobile US by 0.5% during the 3rd quarter. GAMMA Investing LLC now owns 12,108 shares of the Wireless communications provider’s stock valued at $1,975,000 after purchasing an additional 66 shares during the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Trading Up 0.9%

T-Mobile US stock opened at $162.01 on Friday. T-Mobile US, Inc. has a 12 month low of $143.75 and a 12 month high of $224.75. The company has a quick ratio of 0.78, a current ratio of 0.91 and a debt-to-equity ratio of 1.45. The business has a 50 day moving average price of $164.96 and a two-hundred day moving average price of $186.19. The stock has a market cap of $171.61 billion, a price-to-earnings ratio of 15.64, a price-to-earnings-growth ratio of 0.93 and a beta of 0.40.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Wednesday, October 28th. The Wireless communications provider reported $3.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.89 by $0.33. T-Mobile US had a net margin of 12.05% and a return on equity of 21.47%. The firm had revenue of $23.58 billion during the quarter, compared to analyst estimates of $23.15 billion. During the same quarter last year, the business earned $2.41 EPS. The company’s revenue was up 7.4% compared to the same quarter last year. As a group, equities analysts forecast that T-Mobile US, Inc. will post 11.44 EPS for the current year.

T-Mobile US Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Wednesday, November 25th will be issued a $1.17 dividend. This is an increase from T-Mobile US’s previous quarterly dividend of $1.02. This represents a $4.68 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Wednesday, November 25th. T-Mobile US’s dividend payout ratio is 39.38%.

Insider Transactions at T-Mobile US

In related news, CAO Daniel James Drobac sold 772 shares of the firm’s stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $178.33, for a total transaction of $137,670.76. Following the completion of the sale, the chief accounting officer directly owned 35,118 shares of the company’s stock, valued at $6,262,592.94. This trade represents a 2.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.32% of the stock is currently owned by insiders.

Trending Headlines about T-Mobile US

Here are the key news stories impacting T-Mobile US this week:

• Positive Sentiment: T-Mobile launched T-Mix customizable wireless plans and 5 Gig fiber service, with a 10-year price guarantee on the fiber offer. The products could help attract and retain customers and encourage bundled services, but their contribution to results remains to be seen. Article: T Mobile US Launches T Mix And 5 Gig Fiber
• Neutral Sentiment: Zacks highlighted TMUS as a value stock, while other coverage described it as a long-term growth stock. These are investment-style assessments rather than new company or earnings developments. Article: Here’s Why T-Mobile Is a Strong Value Stock
• Negative Sentiment: ETFs were net sellers of T-Mobile shares on Nov. 3, selling $24.5 million overall. The report noted that 32 funds bought shares and nine sold, so the flow data offers a limited signal rather than clear broad-based selling pressure. Article: ETFs Are Net Sellers of T-Mobile

Wall Street Analysts Forecast Growth

TMUS has been the subject of several research reports. Sanford C. Bernstein restated a “neutral” rating on shares of T-Mobile US in a research note on Monday, September 28th. Benchmark reduced their price target on shares of T-Mobile US from $295.00 to $280.00 and set a “buy” rating on the stock in a research report on Friday, July 24th. The Goldman Sachs Group dropped their target price on T-Mobile US from $230.00 to $211.00 and set a “buy” rating for the company in a report on Friday, September 25th. TD Cowen cut their price target on shares of T-Mobile US from $260.00 to $258.00 and set a “buy” rating on the stock in a report on Thursday, October 29th. Finally, Raymond James Financial raised T-Mobile US from a “market perform” rating to an “outperform” rating and set a $170.00 price objective for the company in a research report on Monday, October 12th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $238.25.

T-Mobile US Profile

T-Mobile US, Inc is a wireless communications provider serving consumers, businesses and government customers in the United States. Its services include wireless voice, messaging and data, as well as broadband internet delivered over its wireless network.

The company offers service under the T-Mobile and Metro by T-Mobile brands. Its products and services include mobile plans, smartphones and other connected devices, home internet, and solutions for business customers.

T-Mobile traces its roots to VoiceStream Wireless, which Deutsche Telekom acquired in 2001.