D.A. Davidson & CO. Purchases 8,442 Shares of T-Mobile US, Inc. $TMUS

Key Points

• D.A. Davidson & CO. increased its stake in T-Mobile US, Inc. by **24.7%**, acquiring an additional **8,442 shares** valued at approximately **$10.1 million**.
• T-Mobile reported **$2.84 earnings per share**, surpassing analysts' expectations, along with a revenue of **$21.13 billion**, a **6.9%** year-over-year increase.
• The company has announced a **dividend increase** to **$1.02 per share**, reflecting an annual yield of **1.8%**, payable on December 11.

D.A. Davidson & CO. lifted its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 24.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 42,553 shares of the Wireless communications provider's stock after buying an additional 8,442 shares during the period. D.A. Davidson & CO.'s holdings in T-Mobile US were worth $10,139,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Hohimer Wealth Management LLC lifted its position in T-Mobile US by 2.3% during the first quarter. Hohimer Wealth Management LLC now owns 1,800 shares of the Wireless communications provider's stock valued at $480,000 after purchasing an additional 41 shares during the period. Journey Strategic Wealth LLC lifted its position in T-Mobile US by 4.2% during the first quarter. Journey Strategic Wealth LLC now owns 1,022 shares of the Wireless communications provider's stock valued at $273,000 after purchasing an additional 41 shares during the period. Angeles Wealth Management LLC lifted its position in T-Mobile US by 1.2% during the first quarter. Angeles Wealth Management LLC now owns 3,328 shares of the Wireless communications provider's stock valued at $888,000 after purchasing an additional 41 shares during the period. Weaver Capital Management LLC lifted its position in T-Mobile US by 0.6% during the second quarter. Weaver Capital Management LLC now owns 6,737 shares of the Wireless communications provider's stock valued at $1,605,000 after purchasing an additional 42 shares during the period. Finally, Bank of Stockton lifted its position in T-Mobile US by 1.2% during the second quarter. Bank of Stockton now owns 3,802 shares of the Wireless communications provider's stock valued at $906,000 after purchasing an additional 44 shares during the period. Institutional investors own 42.49% of the company's stock.

T-Mobile US Stock Down 0.7%

Shares of TMUS stock opened at $227.40 on Thursday. T-Mobile US, Inc. has a 12 month low of $208.39 and a 12 month high of $276.49. The stock has a market cap of $255.92 billion, a P/E ratio of 21.45, a P/E/G ratio of 1.57 and a beta of 0.59. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33. The company has a 50 day simple moving average of $240.64 and a two-hundred day simple moving average of $241.04.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.69 by $0.15. The firm had revenue of $21.13 billion during the quarter, compared to analysts' expectations of $20.99 billion. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The company's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the prior year, the company posted $2.49 earnings per share. On average, research analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Increases Dividend

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

Analysts Set New Price Targets

TMUS has been the topic of a number of research analyst reports. BNP Paribas Exane increased their price objective on shares of T-Mobile US from $290.00 to $305.00 and gave the company an "outperform" rating in a research report on Monday, October 6th. Rothschild Redb upgraded shares of T-Mobile US to a "hold" rating in a research report on Tuesday, September 30th. Royal Bank Of Canada raised shares of T-Mobile US from a "sector perform" rating to an "outperform" rating and set a $270.00 target price for the company in a report on Tuesday, October 14th. Wolfe Research reduced their target price on shares of T-Mobile US from $300.00 to $290.00 and set an "outperform" rating for the company in a report on Tuesday, September 30th. Finally, Rothschild & Co Redburn raised shares of T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 target price for the company in a report on Monday, July 7th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, T-Mobile US has a consensus rating of "Moderate Buy" and a consensus price target of $266.17.

Insider Activity

In other news, Director Telekom Ag Deutsche sold 64,426 shares of the stock in a transaction on Monday, October 20th. The shares were sold at an average price of $228.85, for a total value of $14,743,890.10. Following the completion of the sale, the director directly owned 627,524,343 shares of the company's stock, valued at $143,608,945,895.55. This represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold 2,395,091 shares of company stock valued at $578,333,496 over the last three months. Corporate insiders own 0.37% of the company's stock.

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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