Avaii Wealth Management LLC Makes New $6.17 Million Investment in T-Mobile US, Inc. $TMUS

Key Points

• Avaii Wealth Management initiated a $6.17 million T-Mobile US position, buying 36,787 shares during the second quarter. T-Mobile now represents 1.8% of the firm’s portfolio, while institutional investors collectively own 42.49% of the stock.
• T-Mobile exceeded quarterly earnings expectations, reporting $2.99 in EPS versus the $2.59 consensus estimate. Revenue rose 7.9% year over year to $22.79 billion, though it slightly missed analyst forecasts.
• The company declared a quarterly dividend of $1.02, equivalent to $4.08 annually and a 2.2% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $252.08, despite several recent target reductions.

Avaii Wealth Management LLC bought a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 36,787 shares of the Wireless communications provider's stock, valued at approximately $6,170,000. T-Mobile US makes up 1.8% of Avaii Wealth Management LLC's investment portfolio, making the stock its 17th largest position.

Several other hedge funds have also modified their holdings of the stock. Sei Investments Co. boosted 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 last quarter. Diversify Advisory Services LLC raised its holdings in T-Mobile US by 315.7% during the 2nd quarter. Diversify Advisory Services LLC now owns 4,548 shares of the Wireless communications provider's stock worth $1,147,000 after purchasing an additional 3,454 shares during the last quarter. Darwin Wealth Management LLC acquired a new position in T-Mobile US during the 2nd quarter valued at about $375,000. Raymond James Financial Inc. lifted its position in T-Mobile US by 0.5% during the 2nd quarter. Raymond James Financial Inc. now owns 2,054,144 shares of the Wireless communications provider's stock valued at $489,420,000 after purchasing an additional 9,568 shares during the period. Finally, Viking Global Investors LP boosted its stake in shares of T-Mobile US by 81.7% in the 2nd quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider's stock valued at $677,925,000 after purchasing an additional 1,279,422 shares during the last quarter. 42.49% of the stock is owned by institutional investors.

T-Mobile US Stock Up 1.5%

T-Mobile US stock opened at $182.75 on Wednesday. The company's 50 day simple moving average is $181.70 and its 200 day simple moving average is $194.22. T-Mobile US, Inc. has a fifty-two week low of $165.66 and a fifty-two week high of $261.56. The firm has a market capitalization of $196.03 billion, a price-to-earnings ratio of 19.14, a PEG ratio of 1.03 and a beta of 0.33. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.92 and a quick ratio of 0.83.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.40. The company had revenue of $22.79 billion for the quarter, compared to analyst estimates of $22.95 billion. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. The business's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period last year, the business posted $2.84 earnings per share. As a group, sell-side analysts anticipate 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. Investors 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 currently 42.72%.

Insider Buying and Selling

In other T-Mobile US news, COO Jon Freier sold 4,799 shares of the business's stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $190.00, for a total value of $911,810.00. Following the completion of the transaction, the chief operating officer directly owned 217,168 shares of the company's stock, valued at approximately $41,261,920. The trade was a 2.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.32% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on TMUS shares. TD Cowen lowered their price target on shares of T-Mobile US from $261.00 to $260.00 and set a "buy" rating for the company in a research report on Friday, July 24th. Royal Bank Of Canada cut their price objective on shares of T-Mobile US from $240.00 to $230.00 and set an "outperform" rating on the stock in a report on Monday, July 20th. KeyCorp reduced their price objective on shares of T-Mobile US from $260.00 to $250.00 and set an "overweight" rating on the stock in a research note on Friday, July 24th. Benchmark lowered their target price on shares of T-Mobile US from $295.00 to $280.00 and set a "buy" rating for the company in a report on Friday, July 24th. Finally, Wells Fargo & Company dropped their target price on shares of T-Mobile US from $170.00 to $169.00 and set an "equal weight" rating for the company in a research report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, T-Mobile US presently has an average rating of "Moderate Buy" and a consensus price target of $252.08.

T-Mobile US 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.

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