Axxcess Wealth Management LLC Decreases Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Axxcess Wealth Management LLC lessened its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 24.8% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 8,200 shares of the Wireless communications provider's stock after selling 2,711 shares during the quarter. Axxcess Wealth Management LLC's holdings in T-Mobile US were worth $2,187,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Godsey & Gibb Inc. lifted its stake 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 worth $27,000 after purchasing an additional 60 shares during the last quarter. Rakuten Securities Inc. lifted its stake in T-Mobile US by 93.9% during the fourth quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider's stock worth $28,000 after purchasing an additional 62 shares during the last quarter. CoreFirst Bank & Trust purchased a new stake in T-Mobile US during the fourth quarter worth approximately $28,000. Adirondack Trust Co. lifted its stake in T-Mobile US by 366.7% during the first quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock worth $37,000 after purchasing an additional 110 shares during the last quarter. Finally, City Holding Co. lifted its stake in T-Mobile US by 45.3% during the first quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock worth $37,000 after purchasing an additional 43 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company's stock.

T-Mobile US Trading Down 1.8%

TMUS stock opened at $228.15 on Friday. The business has a fifty day moving average price of $237.87 and a 200 day moving average price of $243.50. T-Mobile US, Inc. has a fifty-two week low of $173.74 and a fifty-two week high of $276.49. The stock has a market capitalization of $259.05 billion, a price-to-earnings ratio of 22.26, a P/E/G ratio of 1.29 and a beta of 0.62. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.16 and a quick ratio of 1.08.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share for the quarter, beating analysts' consensus estimates of $2.48 by $0.10. The firm had revenue of $20.89 billion during the quarter, compared to analysts' expectations of $20.67 billion. T-Mobile US had a return on equity of 19.09% and a net margin of 14.41%. The business's revenue was up 6.6% on a year-over-year basis. During the same period last year, the firm posted $2.00 EPS. Analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be given a $0.88 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $3.52 annualized dividend and a dividend yield of 1.54%. T-Mobile US's dividend payout ratio is currently 34.34%.

Analyst Upgrades and Downgrades

Several research firms have commented on TMUS. KeyCorp reaffirmed an "underweight" rating and set a $200.00 price target on shares of T-Mobile US in a research report on Wednesday. Bank of America assumed coverage on T-Mobile US in a research report on Monday. They set a "neutral" rating and a $255.00 price target on the stock. Citigroup lowered T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 target price on the stock. in a report on Friday, March 14th. JPMorgan Chase & Co. boosted their target price on T-Mobile US from $265.00 to $270.00 and gave the company an "overweight" rating in a report on Tuesday, March 18th. Finally, Wall Street Zen lowered T-Mobile US from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $252.61.

Insider Activity

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the firm's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $238.08, for a total transaction of $16,627,507.20. Following the sale, the director owned 647,660,844 shares of the company's stock, valued at approximately $154,195,093,739.52. This trade represents a 0.01% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In the last 90 days, insiders sold 698,400 shares of company stock valued at $161,083,166. 0.37% of the stock is owned by company insiders.

T-Mobile US 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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