Concurrent Investment Advisors LLC Has $3.47 Million Holdings in T-Mobile US, Inc. $TMUS

Key Points

• Concurrent Investment Advisors LLC has increased its stake in T-Mobile US by 20.6%, bringing its holdings to 14,562 shares valued at approximately $3.47 million.
• T-Mobile US is set to pay a quarterly dividend of $1.02 per share, an increase from its previous amount of $0.88, with an annualized yield of 1.8%.
• Several analysts have recently upgraded T-Mobile US's stock ratings, with price targets ranging up to $305.00, reflecting a consensus rating of "Moderate Buy."

Concurrent Investment Advisors LLC increased its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 20.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,562 shares of the Wireless communications provider's stock after purchasing an additional 2,489 shares during the period. Concurrent Investment Advisors LLC's holdings in T-Mobile US were worth $3,470,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. NorthCrest Asset Manangement LLC bought a new position in T-Mobile US during the second quarter worth about $284,000. Crestwood Advisors Group LLC lifted its holdings in T-Mobile US by 79.5% during the first quarter. Crestwood Advisors Group LLC now owns 1,635 shares of the Wireless communications provider's stock worth $436,000 after acquiring an additional 724 shares in the last quarter. Berkshire Bank lifted its holdings in T-Mobile US by 12.5% during the second quarter. Berkshire Bank now owns 12,593 shares of the Wireless communications provider's stock worth $3,000,000 after acquiring an additional 1,400 shares in the last quarter. Canada Pension Plan Investment Board lifted its holdings in T-Mobile US by 14.3% during the first quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider's stock worth $1,837,399,000 after acquiring an additional 864,030 shares in the last quarter. Finally, Fox Hill Wealth Management bought a new position in T-Mobile US during the second quarter worth about $2,603,000. 42.49% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 64,426 shares of the company's stock in a transaction dated Wednesday, October 8th. The stock was sold at an average price of $226.17, for a total transaction of $14,571,228.42. Following the sale, the director owned 628,039,751 shares in the company, valued at approximately $142,043,750,483.67. This represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders sold a total of 2,359,321 shares of company stock worth $570,950,708 in the last 90 days. Corporate insiders own 0.37% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Redburn Atlantic upgraded T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 target price on the stock in a report on Monday, July 7th. Benchmark lifted their target price on T-Mobile US from $275.00 to $295.00 and gave the stock a "buy" rating in a report on Friday. The Goldman Sachs Group assumed coverage on T-Mobile US in a report on Tuesday, September 2nd. They issued a "buy" rating and a $286.00 price target on the stock. BNP Paribas Exane boosted their price target on T-Mobile US from $290.00 to $305.00 and gave the company an "outperform" rating in a report on Monday, October 6th. Finally, JPMorgan Chase & Co. boosted their price target on T-Mobile US from $280.00 to $300.00 and gave the company an "overweight" rating in a report on Tuesday, September 30th. Three research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $265.13.

T-Mobile US Stock Performance

TMUS opened at $225.06 on Tuesday. T-Mobile US, Inc. has a 52-week low of $208.39 and a 52-week high of $276.49. The firm has a market capitalization of $253.29 billion, a PE ratio of 21.23, a PEG ratio of 1.56 and a beta of 0.59. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21. The business's 50-day simple moving average is $243.04 and its 200 day simple moving average is $242.43.

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 (EPS) for the quarter, topping the consensus estimate of $2.69 by $0.15. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The business had revenue of $21.13 billion for the quarter, compared to analyst estimates of $20.99 billion. During the same quarter in the prior year, the company posted $2.49 earnings per share. T-Mobile US's revenue was up 6.9% on a year-over-year basis. As a group, sell-side analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be issued a dividend of $1.02 per share. The ex-dividend date is Wednesday, November 26th. This is a boost from T-Mobile US's previous quarterly dividend of $0.88. This represents a $4.08 annualized dividend and a yield of 1.8%. T-Mobile US's dividend payout ratio is currently 33.21%.

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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