Fifth Third Wealth Advisors LLC Buys 2,454 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Fifth Third Wealth Advisors LLC increased its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 18.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,595 shares of the Wireless communications provider’s stock after purchasing an additional 2,454 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in T-Mobile US were worth $3,218,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Prospera Financial Services Inc lifted its stake in shares of T-Mobile US by 40.4% in the 3rd quarter. Prospera Financial Services Inc now owns 6,849 shares of the Wireless communications provider’s stock valued at $1,414,000 after acquiring an additional 1,972 shares during the last quarter. OneAscent Financial Services LLC bought a new stake in T-Mobile US during the 3rd quarter worth $908,000. Chesapeake Wealth Management increased its holdings in T-Mobile US by 3.2% in the 3rd quarter. Chesapeake Wealth Management now owns 5,224 shares of the Wireless communications provider’s stock worth $1,078,000 after purchasing an additional 162 shares in the last quarter. Pathstone Holdings LLC raised its position in T-Mobile US by 8.2% in the third quarter. Pathstone Holdings LLC now owns 79,162 shares of the Wireless communications provider’s stock valued at $16,336,000 after purchasing an additional 5,974 shares during the last quarter. Finally, Lindenwold Advisors INC boosted its stake in shares of T-Mobile US by 1.2% during the third quarter. Lindenwold Advisors INC now owns 7,733 shares of the Wireless communications provider’s stock valued at $1,596,000 after purchasing an additional 88 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Wall Street Analyst Weigh In

TMUS has been the subject of several recent research reports. UBS Group upped their price objective on T-Mobile US from $210.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Daiwa America upgraded shares of T-Mobile US to a “hold” rating in a research report on Friday, October 25th. Barclays lifted their price target on shares of T-Mobile US from $215.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. BNP Paribas raised shares of T-Mobile US to a “strong-buy” rating in a research note on Friday, October 25th. Finally, Sanford C. Bernstein raised T-Mobile US to a “strong-buy” rating in a research report on Wednesday, July 31st. Three analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, T-Mobile US presently has an average rating of “Moderate Buy” and an average target price of $241.83.

T-Mobile US Price Performance

T-Mobile US stock opened at $237.03 on Tuesday. The stock’s 50 day moving average price is $216.71 and its two-hundred day moving average price is $193.34. The stock has a market capitalization of $275.07 billion, a price-to-earnings ratio of 27.03, a PEG ratio of 1.20 and a beta of 0.50. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.08. T-Mobile US, Inc. has a 52-week low of $147.24 and a 52-week high of $242.43.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.29. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The business had revenue of $20.16 billion for the quarter, compared to analyst estimates of $20.01 billion. During the same period in the prior year, the firm earned $1.82 earnings per share. T-Mobile US’s revenue was up 4.7% on a year-over-year basis. On average, equities analysts predict that T-Mobile US, Inc. will post 9.38 earnings per share for the current year.

T-Mobile US Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.49%. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.65. The ex-dividend date is Wednesday, November 27th. T-Mobile US’s payout ratio is presently 29.65%.

Insider Buying and Selling

In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $237.73, for a total value of $4,754,600.00. Following the transaction, the chief executive officer now directly owns 378,124 shares of the company’s stock, valued at approximately $89,891,418.52. This trade represents a 5.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael J. Katz sold 3,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $205.30, for a total transaction of $615,900.00. Following the sale, the insider now directly owns 119,687 shares of the company’s stock, valued at approximately $24,571,741.10. The trade was a 2.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 455,338 shares of company stock valued at $95,539,866. 0.67% of the stock is owned by company insiders.

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.