Diversify Advisory Services LLC Purchases Shares of 21,269 T-Mobile US, Inc. $TMUS

Diversify Advisory Services LLC acquired a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,269 shares of the Wireless communications provider’s stock, valued at approximately $3,769,000.

Several other institutional investors have also recently modified their holdings of the company. Wealthfront Advisers LLC acquired a new position in T-Mobile US in the 2nd quarter worth approximately $13,837,000. Ontario Teachers Pension Plan Board acquired a new stake in T-Mobile US during the 2nd quarter valued at approximately $43,885,000. First National Bank of Omaha acquired a new stake in T-Mobile US during the 2nd quarter valued at approximately $2,392,000. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of T-Mobile US in the 2nd quarter valued at $51,000. Finally, Aljian Capital Management LLC purchased a new stake in shares of T-Mobile US in the 2nd quarter valued at $604,000. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Barclays reduced their target price on shares of T-Mobile US from $230.00 to $215.00 and set an “overweight” rating for the company in a report on Friday, July 24th. Bank of America raised shares of T-Mobile US from a “neutral” rating to a “buy” rating and set a $220.00 price target on the stock in a report on Monday, July 6th. DZ Bank reaffirmed a “buy” rating on shares of T-Mobile US in a research report on Wednesday, May 6th. Oppenheimer upgraded T-Mobile US from a “market perform” rating to an “outperform” rating and set a $260.00 price objective for the company in a research note on Wednesday, April 29th. Finally, Arete Research boosted their price objective on T-Mobile US from $295.00 to $300.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $252.08.

Insider Buying and Selling at T-Mobile US

In other news, COO Jon Freier sold 4,799 shares of the stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $190.00, for a total transaction of $911,810.00. Following the sale, the chief operating officer directly owned 217,168 shares of the company’s stock, valued at $41,261,920. This represents a 2.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.32% of the company’s stock.

T-Mobile US Price Performance

NASDAQ:TMUS opened at $182.75 on Wednesday. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.92 and a quick ratio of 0.83. The firm has a market cap of $196.03 billion, a price-to-earnings ratio of 19.14, a price-to-earnings-growth ratio of 1.03 and a beta of 0.33. The company has a 50 day moving average price of $181.70 and a 200-day moving average price of $194.22. T-Mobile US, Inc. has a 1-year low of $165.66 and a 1-year high of $261.56.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.40. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. The firm had revenue of $22.79 billion during the quarter, compared to analysts’ expectations of $22.95 billion. During the same period in the previous year, the business posted $2.84 EPS. The business’s revenue was up 7.9% compared to the same quarter last year. Equities research analysts forecast that T-Mobile US, Inc. will post 10.73 EPS for the current year.

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 28th will be given a $1.02 dividend. The ex-dividend date is Friday, August 28th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.2%. T-Mobile US’s dividend payout ratio is 42.72%.

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.