Accuvest Global Advisors Takes $2.99 Million Position in T-Mobile US, Inc. $TMUS

Accuvest Global Advisors purchased a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 12,528 shares of the Wireless communications provider’s stock, valued at approximately $2,985,000. T-Mobile US comprises approximately 1.9% of Accuvest Global Advisors’ portfolio, making the stock its 20th largest holding.

Other large investors also recently modified their holdings of the company. NorthCrest Asset Manangement LLC acquired a new stake in T-Mobile US in the second quarter valued at $284,000. Crestwood Advisors Group LLC increased its holdings in T-Mobile US by 79.5% in the first quarter. Crestwood Advisors Group LLC now owns 1,635 shares of the Wireless communications provider’s stock valued at $436,000 after purchasing an additional 724 shares during the period. Berkshire Bank increased its holdings in T-Mobile US by 12.5% in the second quarter. Berkshire Bank now owns 12,593 shares of the Wireless communications provider’s stock valued at $3,000,000 after purchasing an additional 1,400 shares during the period. Envestnet Asset Management Inc. increased its holdings in T-Mobile US by 0.8% in the second quarter. Envestnet Asset Management Inc. now owns 1,071,046 shares of the Wireless communications provider’s stock valued at $255,187,000 after purchasing an additional 8,227 shares during the period. Finally, PKO Investment Management Joint Stock Co acquired a new stake in T-Mobile US in the second quarter valued at $11,913,000. 42.49% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TMUS. Scotiabank increased their price objective on T-Mobile US from $271.50 to $278.00 and gave the company a “sector outperform” rating in a report on Monday, October 6th. Zacks Research downgraded T-Mobile US from a “hold” rating to a “strong sell” rating in a report on Monday, October 27th. KeyCorp restated an “underweight” rating and issued a $200.00 price objective on shares of T-Mobile US in a report on Wednesday, July 9th. Weiss Ratings restated a “buy (b)” rating on shares of T-Mobile US in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. increased their price target on T-Mobile US from $280.00 to $300.00 and gave the stock an “overweight” rating in a report on Tuesday, September 30th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $266.63.

T-Mobile US Stock Performance

Shares of T-Mobile US stock opened at $210.05 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.80 and a debt-to-equity ratio of 1.37. The business has a 50-day moving average price of $235.18 and a two-hundred day moving average price of $238.96. T-Mobile US, Inc. has a 1-year low of $207.64 and a 1-year high of $276.49. The company has a market cap of $234.94 billion, a P/E ratio of 20.20, a PEG ratio of 1.51 and a beta of 0.59.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.40 by $0.01. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The firm had revenue of $21.96 billion during the quarter, compared to the consensus estimate of $21.61 billion. During the same period last year, the business posted $2.61 EPS. The business’s revenue was up 8.9% compared to the same quarter last year. 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. 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. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.9%. T-Mobile US’s payout ratio is currently 39.23%.

Insider Activity

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $250.87, for a total transaction of $17,520,760.80. Following the transaction, the director owned 636,271,724 shares of the company’s stock, valued at $159,621,487,399.88. This represents a 0.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders have sold 2,322,741 shares of company stock worth $556,959,972. 0.37% of the stock is owned by corporate insiders.

T-Mobile US Company 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.