Dakota Wealth Management Increases Stake in T-Mobile US, Inc. $TMUS

Key Points

• Dakota Wealth Management increased its stake in T-Mobile US, Inc. by 12.6% in the second quarter, now owning 54,329 shares valued at approximately $12.94 million.
• T-Mobile US reported $2.84 EPS for the last quarter, beating analyst estimates, with revenues of $21.13 billion marking a 6.9% increase year-over-year.
• The company recently announced an increase in its quarterly dividend from $0.88 to $1.02, which will be paid on December 11th, representing an annual yield of 1.7%.

Dakota Wealth Management grew its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 12.6% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 54,329 shares of the Wireless communications provider's stock after buying an additional 6,071 shares during the quarter. Dakota Wealth Management's holdings in T-Mobile US were worth $12,944,000 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 TMUS. Financial Management Professionals Inc. lifted its stake in T-Mobile US by 15.6% in the first quarter. Financial Management Professionals Inc. now owns 303 shares of the Wireless communications provider's stock valued at $81,000 after buying an additional 41 shares during the last quarter. Hohimer Wealth Management LLC lifted its stake in T-Mobile US by 2.3% in the first quarter. Hohimer Wealth Management LLC now owns 1,800 shares of the Wireless communications provider's stock valued at $480,000 after buying an additional 41 shares during the last quarter. Journey Strategic Wealth LLC lifted its stake in T-Mobile US by 4.2% in the first quarter. Journey Strategic Wealth LLC now owns 1,022 shares of the Wireless communications provider's stock valued at $273,000 after buying an additional 41 shares during the last quarter. Angeles Wealth Management LLC increased its holdings in shares of T-Mobile US by 1.2% in 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. Finally, City Holding Co. increased its holdings in shares of T-Mobile US by 45.3% in the first quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock valued at $37,000 after purchasing an additional 43 shares during the period. Hedge funds and other institutional investors own 42.49% of the company's stock.

T-Mobile US Stock Down 0.5%

TMUS opened at $238.40 on Thursday. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33. The firm has a market cap of $268.30 billion, a P/E ratio of 22.49, a PEG ratio of 1.31 and a beta of 0.61. T-Mobile US, Inc. has a 52 week low of $201.71 and a 52 week high of $276.49. The business's fifty day simple moving average is $244.54 and its 200 day simple moving average is $245.26.

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

T-Mobile US Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be issued a $1.02 dividend. This is a positive change from T-Mobile US's previous quarterly dividend of $0.88. The ex-dividend date is Wednesday, November 26th. This represents a $4.08 annualized dividend and a yield of 1.7%. T-Mobile US's dividend payout ratio (DPR) is presently 38.49%.

Insider Buying and Selling at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the company's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $238.08, for a total transaction of $16,627,507.20. Following the completion of the transaction, the director owned 647,660,844 shares of the company's stock, valued at approximately $154,195,093,739.52. 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 accessible through this hyperlink. In the last 90 days, insiders have sold 2,600,886 shares of company stock worth $626,967,503. Corporate insiders own 0.37% of the company's stock.

Wall Street Analyst Weigh In

TMUS has been the topic of a number of recent research reports. Rothschild & Co Redburn raised T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 target price on the stock in a report on Monday, July 7th. Arete Research raised T-Mobile US to a "strong-buy" rating in a report on Tuesday, July 8th. The Goldman Sachs Group began coverage on T-Mobile US in a report on Tuesday, September 2nd. They set a "buy" rating and a $286.00 price objective on the stock. JPMorgan Chase & Co. upped their price objective on T-Mobile US from $270.00 to $280.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Finally, KeyCorp reaffirmed an "underweight" rating and set a $200.00 price objective on shares of T-Mobile US in a report on Wednesday, July 9th. Three research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $258.02.

T-Mobile US Company 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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