Archford Capital Strategies LLC Makes New Investment in T-Mobile US, Inc. $TMUS

Key Points

• Archford Capital Strategies LLC acquired a new position in T-Mobile US, purchasing 9,756 shares valued at approximately $2.32 million during the second quarter.
• T-Mobile US recently announced a quarterly dividend increase to $1.02 per share, raising its annualized yield to 1.7% from a previous $0.88 payout.
• Analysts maintain a consensus rating of "Moderate Buy" for T-Mobile US, with an average target price of $258.02.

Archford Capital Strategies LLC acquired a new position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,756 shares of the Wireless communications provider's stock, valued at approximately $2,324,000.

A number of other institutional investors have also recently added to or reduced their stakes in TMUS. Activest Wealth Management boosted its holdings in T-Mobile US by 9,400.0% in the first quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider's stock worth $25,000 after purchasing an additional 94 shares in the last quarter. Godsey & Gibb Inc. raised its holdings in T-Mobile US by 139.5% during the first quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock valued at $27,000 after buying an additional 60 shares in the last quarter. Missouri Trust & Investment Co lifted its position in shares of T-Mobile US by 807.7% in the second quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider's stock worth $28,000 after buying an additional 105 shares during the last quarter. Stone House Investment Management LLC acquired a new stake in shares of T-Mobile US in the first quarter worth about $29,000. Finally, TCTC Holdings LLC boosted its stake in shares of T-Mobile US by 208.1% during the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock worth $30,000 after acquiring an additional 77 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Morgan Stanley upped their target price on T-Mobile US from $265.00 to $285.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Bank of America started coverage on shares of T-Mobile US in a report on Monday, July 7th. They set a "neutral" rating and a $255.00 price objective for the company. Rothschild & Co Redburn upgraded shares of T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 target price on the stock in a report on Monday, July 7th. KeyCorp reissued an "underweight" rating and set a $200.00 target price on shares of T-Mobile US in a research report on Wednesday, July 9th. Finally, Arete Research raised T-Mobile US to a "strong-buy" rating in a research report on Tuesday, July 8th. Three analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, T-Mobile US has a consensus rating of "Moderate Buy" and an average price target of $258.02.

T-Mobile US Trading Down 0.2%

Shares of NASDAQ:TMUS opened at $237.47 on Monday. The company's 50-day moving average price is $244.96 and its two-hundred day moving average price is $244.76. T-Mobile US, Inc. has a one year low of $202.77 and a one year high of $276.49. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.21 and a quick ratio of 1.13. The stock has a market capitalization of $267.25 billion, a PE ratio of 22.40, a price-to-earnings-growth ratio of 1.30 and a beta of 0.61.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.69 by $0.15. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The business had revenue of $21.13 billion during the quarter, compared to analysts' expectations of $20.99 billion. During the same period last year, the business earned $2.49 earnings per share. The firm's revenue was up 6.9% on a year-over-year basis. On average, equities analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 1.7%. This is a boost from T-Mobile US's previous quarterly dividend of $0.88. The ex-dividend date is Wednesday, November 26th. T-Mobile US's dividend payout ratio (DPR) is 33.21%.

Insider Transactions at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 64,426 shares of T-Mobile US stock in a transaction that occurred on Thursday, September 25th. The stock was sold at an average price of $238.98, for a total transaction of $15,396,525.48. Following the completion of the sale, the director directly owned 634,305,918 shares of the company's stock, valued at approximately $151,586,428,283.64. This trade represents a 0.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold 2,525,632 shares of company stock worth $609,403,041 in the last three months. Company insiders own 0.37% of the company's stock.

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.

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