Diversify Advisory Services LLC Makes New Investment in T-Mobile US, Inc. (NASDAQ:TMUS)

Diversify Advisory Services LLC bought a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,094 shares of the Wireless communications provider's stock, valued at approximately $292,000.

A number of other institutional investors and hedge funds have also bought and sold shares of TMUS. Yeomans Consulting Group Inc. purchased a new position in shares of T-Mobile US in the 1st quarter valued at $716,000. Burling Wealth Partners LLC increased its holdings in shares of T-Mobile US by 34.9% in the 1st quarter. Burling Wealth Partners LLC now owns 15,519 shares of the Wireless communications provider's stock valued at $4,139,000 after acquiring an additional 4,018 shares during the period. Bailard Inc. increased its holdings in shares of T-Mobile US by 112.6% in the 1st quarter. Bailard Inc. now owns 2,266 shares of the Wireless communications provider's stock valued at $604,000 after acquiring an additional 1,200 shares during the period. Tributary Capital Management LLC increased its holdings in shares of T-Mobile US by 47.0% in the 1st quarter. Tributary Capital Management LLC now owns 1,470 shares of the Wireless communications provider's stock valued at $392,000 after acquiring an additional 470 shares during the period. Finally, Hudock Inc. purchased a new position in shares of T-Mobile US in the 1st quarter valued at $200,000. 42.49% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the company's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $238.08, for a total value 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders sold 1,256,670 shares of company stock valued at $288,999,139. Corporate insiders own 0.37% of the company's stock.

T-Mobile US Stock Performance

Shares of TMUS stock traded up $0.63 on Tuesday, hitting $233.25. The company had a trading volume of 4,000,572 shares, compared to its average volume of 4,100,193. The firm has a market cap of $264.84 billion, a P/E ratio of 22.69, a price-to-earnings-growth ratio of 1.29 and a beta of 0.62. The company has a 50-day moving average price of $235.29 and a 200-day moving average price of $244.04. The company has a quick ratio of 1.08, a current ratio of 1.16 and a debt-to-equity ratio of 1.35. T-Mobile US, Inc. has a twelve month low of $173.74 and a twelve month high of $276.49.

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, topping analysts' consensus estimates of $2.48 by $0.10. The company 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%. T-Mobile US's quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.00 EPS. As a group, equities research analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be issued a $0.88 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $3.52 dividend on an annualized basis and a yield of 1.51%. T-Mobile US's payout ratio is 34.34%.

Analysts Set New Price Targets

TMUS has been the topic of several research analyst reports. Morgan Stanley boosted their target price on T-Mobile US from $265.00 to $280.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Arete Research upgraded T-Mobile US to a "strong-buy" rating in a research note on Tuesday, July 8th. Scotiabank upgraded T-Mobile US from a "sector perform" rating to a "sector outperform" rating and boosted their target price for the stock from $275.00 to $277.50 in a research note on Wednesday, April 30th. Wall Street Zen downgraded T-Mobile US from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Finally, Benchmark restated a "buy" rating and set a $275.00 target price on shares of T-Mobile US in a research note on Thursday, March 27th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $255.12.

About T-Mobile US

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.