Professional Advisory Services Inc. Takes $10.50 Million Position in T-Mobile US, Inc. $TMUS

Professional Advisory Services Inc. purchased a new position in T-Mobile US, Inc. (NASDAQ:TMUS) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 43,867 shares of the Wireless communications provider’s stock, valued at approximately $10,501,000.

Other large investors also recently modified their holdings of the company. NorthCrest Asset Manangement LLC bought a new position in T-Mobile US in the 2nd quarter valued at $284,000. Farther Finance Advisors LLC increased its holdings in shares of T-Mobile US by 72.3% in the second quarter. Farther Finance Advisors LLC now owns 8,818 shares of the Wireless communications provider’s stock worth $2,101,000 after purchasing an additional 3,701 shares during the period. Park Avenue Securities LLC raised its position in shares of T-Mobile US by 7.6% in the second quarter. Park Avenue Securities LLC now owns 37,195 shares of the Wireless communications provider’s stock worth $8,862,000 after buying an additional 2,622 shares in the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT boosted its stake in T-Mobile US by 35.7% during the second quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 19,000 shares of the Wireless communications provider’s stock valued at $4,527,000 after buying an additional 5,000 shares during the period. Finally, U.S. Capital Wealth Advisors LLC boosted its stake in T-Mobile US by 1,110.2% during the second quarter. U.S. Capital Wealth Advisors LLC now owns 15,345 shares of the Wireless communications provider’s stock valued at $3,656,000 after buying an additional 14,077 shares during the period. 42.49% of the stock is currently owned by institutional investors.

T-Mobile US Stock Performance

NASDAQ:TMUS opened at $186.32 on Tuesday. The company has a market capitalization of $208.40 billion, a price-to-earnings ratio of 17.92, a PEG ratio of 1.02 and a beta of 0.45. The business has a 50 day moving average of $202.40 and a 200 day moving average of $223.79. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.89 and a quick ratio of 0.80. T-Mobile US, Inc. has a 1-year low of $185.18 and a 1-year high of $276.49.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 EPS for the quarter, topping the consensus estimate of $2.40 by $0.01. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. The firm had revenue of $21.96 billion for the quarter, compared to the consensus estimate of $21.61 billion. During the same period last year, the firm posted $2.61 earnings per share. The business’s revenue was up 8.9% compared to the same quarter last year. On average, sell-side analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Friday, February 27th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.2%. The ex-dividend date is Friday, February 27th. T-Mobile US’s dividend payout ratio is presently 39.23%.

Insider Buying and Selling at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 1,374 shares of the firm’s stock in a transaction that occurred 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 transaction, the director directly owned 582,065,875 shares in the company, valued at $128,322,242,802.50. This trade represents a 0.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director G Michael Sievert sold 22,500 shares of T-Mobile US stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $216.97, for a total value of $4,881,825.00. Following the completion of the transaction, the director directly owned 308,696 shares in the company, valued at $66,977,771.12. This trade represents a 6.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 270,767 shares of company stock valued at $59,921,239. 0.37% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. restated a “buy” rating on shares of T-Mobile US in a research note on Monday, December 15th. HSBC raised T-Mobile US from a “hold” rating to a “buy” rating and set a $285.00 price objective for the company in a report on Friday, October 24th. Hsbc Global Res raised shares of T-Mobile US from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 24th. Rothschild Redb upgraded shares of T-Mobile US to a “hold” rating in a research report on Tuesday, September 30th. Finally, Benchmark boosted their price target 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. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and thirteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $257.76.

T-Mobile US Company Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.