Vertrix Wealth Management LLC Invests $2.49 Million in T-Mobile US, Inc. $TMUS

Vertrix Wealth Management LLC acquired a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 11,839 shares of the Wireless communications provider’s stock, valued at approximately $2,487,000.

Other institutional investors have also recently made changes to their positions in the company. Sei Investments Co. lifted its holdings in T-Mobile US by 6.3% in the second quarter. Sei Investments Co. now owns 142,587 shares of the Wireless communications provider’s stock valued at $33,972,000 after acquiring an additional 8,491 shares during the period. Diversify Advisory Services LLC increased its holdings in T-Mobile US by 315.7% during the second quarter. Diversify Advisory Services LLC now owns 4,548 shares of the Wireless communications provider’s stock valued at $1,147,000 after buying an additional 3,454 shares during the last quarter. Darwin Wealth Management LLC purchased a new stake in T-Mobile US during the second quarter valued at approximately $375,000. Raymond James Financial Inc. raised its position in T-Mobile US by 0.5% in the second quarter. Raymond James Financial Inc. now owns 2,054,144 shares of the Wireless communications provider’s stock worth $489,420,000 after acquiring an additional 9,568 shares during the period. Finally, Viking Global Investors LP raised its position in T-Mobile US by 81.7% in the second quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider’s stock worth $677,925,000 after acquiring an additional 1,279,422 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TMUS. Moffett Nathanson raised shares of T-Mobile US from a “neutral” rating to a “buy” rating and set a $254.00 price objective for the company in a research report on Wednesday, April 8th. Freedom Capital raised T-Mobile US from a “hold” rating to a “strong-buy” rating in a report on Friday, April 17th. Sanford C. Bernstein reiterated a “neutral” rating on shares of T-Mobile US in a research note on Wednesday, April 22nd. Morgan Stanley assumed coverage on shares of T-Mobile US in a report on Thursday, April 16th. They issued an “overweight” rating and a $260.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of T-Mobile US from $300.00 to $285.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $260.27.

Insiders Place Their Bets

In related news, insider Michael J. Katz sold 5,000 shares of the company’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $195.81, for a total transaction of $979,050.00. Following the completion of the transaction, the insider owned 181,930 shares in the company, valued at approximately $35,623,713.30. This represents a 2.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Andre Almeida bought 5,097 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The shares were bought at an average cost of $196.18 per share, with a total value of $999,929.46. Following the completion of the purchase, the insider directly owned 44,850 shares of the company’s stock, valued at $8,798,673. This represents a 12.82% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.32% of the stock is currently owned by corporate insiders.

T-Mobile US Price Performance

Shares of T-Mobile US stock opened at $173.06 on Thursday. The stock’s 50-day simple moving average is $186.68 and its 200-day simple moving average is $197.34. T-Mobile US, Inc. has a 52 week low of $165.66 and a 52 week high of $261.56. The company has a market capitalization of $187.29 billion, a price-to-earnings ratio of 18.41, a PEG ratio of 0.98 and a beta of 0.33. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.58.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share for the quarter, topping analysts’ consensus estimates of $2.01 by $0.26. T-Mobile US had a return on equity of 19.47% and a net margin of 11.65%.The firm had revenue of $23.11 billion during the quarter, compared to analyst estimates of $22.98 billion. During the same quarter in the prior year, the company posted $2.58 earnings per share. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. As a group, analysts expect that T-Mobile US, Inc. will post 10.65 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 28th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 2.4%. The ex-dividend date is Friday, August 28th. T-Mobile US’s dividend payout ratio is presently 43.40%.

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.