CGN Advisors LLC Acquires 1,588 Shares of T-Mobile US, Inc. $TMUS

Key Points

• CGN Advisors LLC increased its stake in T-Mobile US, Inc. by 16.8%, acquiring an additional 1,588 shares, bringing their total holdings to 11,058 shares valued at approximately $2.64 million.
• T-Mobile US has announced an increase in its quarterly dividend, now set at $1.02 per share—up from the previous $0.88, representing an annual yield of 1.7%.
• Analysts have a consensus rating of "Moderate Buy" for T-Mobile US shares, with price targets ranging from $255 to $286, as various firms have recently upgraded their ratings.

CGN Advisors LLC grew its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 16.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,058 shares of the Wireless communications provider's stock after purchasing an additional 1,588 shares during the period. CGN Advisors LLC's holdings in T-Mobile US were worth $2,635,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Financial Management Professionals Inc. grew its stake in T-Mobile US by 15.6% during the first quarter. Financial Management Professionals Inc. now owns 303 shares of the Wireless communications provider's stock valued at $81,000 after acquiring an additional 41 shares in the last quarter. Hohimer Wealth Management LLC grew its stake in T-Mobile US by 2.3% in the 1st quarter. Hohimer Wealth Management LLC now owns 1,800 shares of the Wireless communications provider's stock worth $480,000 after buying an additional 41 shares in the last quarter. Journey Strategic Wealth LLC grew its stake in T-Mobile US by 4.2% in the 1st quarter. Journey Strategic Wealth LLC now owns 1,022 shares of the Wireless communications provider's stock worth $273,000 after buying an additional 41 shares in the last quarter. Angeles Wealth Management LLC grew its stake in T-Mobile US by 1.2% in the 1st quarter. Angeles Wealth Management LLC now owns 3,328 shares of the Wireless communications provider's stock worth $888,000 after buying an additional 41 shares in the last quarter. Finally, City Holding Co. grew its stake in T-Mobile US by 45.3% in the 1st quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock worth $37,000 after buying an additional 43 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company's stock.

Wall Street Analyst Weigh In

TMUS has been the subject of a number of research reports. The Goldman Sachs Group initiated coverage on shares of T-Mobile US in a research note on Tuesday, September 2nd. They issued a "buy" rating and a $286.00 price objective for the company. Morgan Stanley upped their price objective on shares of T-Mobile US from $265.00 to $285.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. upped their price objective on shares of T-Mobile US from $270.00 to $280.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Arete Research raised shares of T-Mobile US to a "strong-buy" rating in a research note on Tuesday, July 8th. Finally, Bank of America initiated coverage on shares of T-Mobile US in a research note on Monday, July 7th. They issued a "neutral" rating and a $255.00 price objective for the company. Three research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $258.02.

T-Mobile US Stock Down 0.3%

NASDAQ:TMUS opened at $237.55 on Tuesday. The firm has a market cap of $267.35 billion, a P/E ratio of 22.41, a P/E/G ratio of 1.31 and a beta of 0.61. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21. T-Mobile US, Inc. has a fifty-two week low of $198.69 and a fifty-two week high of $276.49. The firm has a 50-day simple moving average of $244.07 and a two-hundred day simple moving average of $245.35.

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

T-Mobile US Increases Dividend

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

Insiders Place Their Bets

In other T-Mobile US news, Director Telekom Ag Deutsche sold 64,426 shares of the firm's stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $239.18, for a total transaction of $15,409,410.68. Following the completion of the sale, the director directly owned 634,628,048 shares in the company, valued at approximately $151,790,336,520.64. This trade represents a 0.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders have sold 2,606,300 shares of company stock worth $627,710,011. 0.37% of the stock is currently 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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