Diversify Advisory Services LLC Makes New Investment in T-Mobile US, Inc. $TMUS

Key Points

• Diversify Advisory Services initiated a T-Mobile US position of 21,269 shares worth approximately $3.77 million during the second quarter. Institutional investors collectively own 42.49% of the company.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $252.08, despite recent target cuts from KeyCorp and Barclays.
• T-Mobile exceeded quarterly earnings expectations with $2.99 in EPS versus a $2.59 estimate, while revenue rose 7.9% year over year to $22.79 billion. The company also announced a $1.02 quarterly dividend, equivalent to a 2.2% yield.

Diversify Advisory Services LLC bought a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 21,269 shares of the Wireless communications provider's stock, valued at approximately $3,769,000.

Several other large investors have also modified their holdings of TMUS. Main Street Group LTD purchased a new position in T-Mobile US during the first quarter valued at approximately $25,000. JDM Financial Group LLC lifted its holdings in T-Mobile US by 114.0% during the fourth quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider's stock worth $25,000 after buying an additional 65 shares during the period. Swiss RE Ltd. purchased a new stake in T-Mobile US during the fourth quarter worth $29,000. Paladin Partners LLC bought a new stake in T-Mobile US during the 2nd quarter valued at $25,000. Finally, Turning Point Benefit Group Inc. boosted its position in T-Mobile US by 3,825.0% during the 4th quarter. Turning Point Benefit Group Inc. now owns 157 shares of the Wireless communications provider's stock valued at $32,000 after acquiring an additional 153 shares in the last quarter. Institutional investors own 42.49% of the company's stock.

Analysts Set New Price Targets

TMUS has been the subject of several recent research reports. KeyCorp reduced their price target on T-Mobile US from $260.00 to $250.00 and set an "overweight" rating for the company in a research report on Friday, July 24th. Barclays dropped their price objective on T-Mobile US from $230.00 to $215.00 and set an "overweight" rating on the stock in a research report on Friday, July 24th. Oppenheimer upgraded T-Mobile US from a "market perform" rating to an "outperform" rating and set a $260.00 target price on the stock in a research note on Wednesday, April 29th. Bank of America upgraded shares of T-Mobile US from a "neutral" rating to a "buy" rating and set a $220.00 target price for the company in a report on Monday, July 6th. Finally, Weiss Ratings lowered shares of T-Mobile US from a "hold (c+)" rating to a "hold (c)" rating in a research report on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, T-Mobile US has a consensus rating of "Moderate Buy" and an average target price of $252.08.

T-Mobile US Trading Up 1.5%

Shares of NASDAQ:TMUS opened at $182.75 on Wednesday. The business's 50-day moving average is $181.70 and its 200 day moving average is $194.22. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.92 and a quick ratio of 0.83. T-Mobile US, Inc. has a 1 year low of $165.66 and a 1 year high of $261.56. The firm has a market capitalization of $196.03 billion, a P/E ratio of 19.14, a P/E/G ratio of 1.03 and a beta of 0.33.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.40. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.The business had revenue of $22.79 billion during the quarter, compared to the consensus estimate of $22.95 billion. During the same quarter last year, the company earned $2.84 earnings per share. The company's quarterly revenue was up 7.9% on a year-over-year basis. On average, research analysts predict that T-Mobile US, Inc. will post 10.73 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 28th will be given a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, August 28th. T-Mobile US's dividend payout ratio (DPR) is presently 42.72%.

Insider Activity at T-Mobile US

In related news, COO Jon Freier sold 4,799 shares of T-Mobile US stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $190.00, for a total value of $911,810.00. Following the completion of the sale, the chief operating officer directly owned 217,168 shares in the company, valued at $41,261,920. This trade represents a 2.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.32% of the stock is owned by insiders.

About T-Mobile US

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.

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