Duncan Williams Asset Management LLC Takes $625,000 Position in T-Mobile US, Inc. $TMUS

Key Points

• Duncan Williams Asset Management LLC has acquired a new position in T-Mobile US, Inc., investing approximately $625,000 for 2,625 shares during the 2nd quarter.
• T-Mobile US recently announced a quarterly dividend increase to $1.02 per share, effective December 11th, boosting its annual yield to 1.8%.
• The company's latest earnings report revealed a net margin of 14.53% and a 10.37 EPS forecast for the current fiscal year, with revenue increasing by 6.9% year-over-year.

Duncan Williams Asset Management LLC acquired a new position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,625 shares of the Wireless communications provider's stock, valued at approximately $625,000.

Several other large investors also recently added to or reduced their stakes in the business. Petros Family Wealth LLC raised its holdings in T-Mobile US by 56.9% in the 2nd quarter. Petros Family Wealth LLC now owns 3,472 shares of the Wireless communications provider's stock worth $827,000 after purchasing an additional 1,259 shares during the period. Valeo Financial Advisors LLC raised its position in shares of T-Mobile US by 2.8% during the 2nd quarter. Valeo Financial Advisors LLC now owns 7,712 shares of the Wireless communications provider's stock valued at $1,837,000 after purchasing an additional 210 shares during the period. Plimoth Trust Co. LLC lifted its stake in shares of T-Mobile US by 3.6% during the 2nd quarter. Plimoth Trust Co. LLC now owns 9,383 shares of the Wireless communications provider's stock valued at $2,236,000 after buying an additional 323 shares in the last quarter. JSF Financial LLC boosted its holdings in T-Mobile US by 10.8% in the 2nd quarter. JSF Financial LLC now owns 5,287 shares of the Wireless communications provider's stock worth $1,260,000 after buying an additional 516 shares during the period. Finally, Merit Financial Group LLC increased its stake in T-Mobile US by 308.3% in the 2nd quarter. Merit Financial Group LLC now owns 39,575 shares of the Wireless communications provider's stock worth $9,429,000 after buying an additional 29,883 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors.

T-Mobile US Stock Up 0.1%

Shares of T-Mobile US stock opened at $230.27 on Monday. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.21 and a quick ratio of 1.13. The stock has a market cap of $259.15 billion, a price-to-earnings ratio of 21.72, a PEG ratio of 1.27 and a beta of 0.59. The firm's 50-day moving average is $244.56 and its two-hundred day moving average is $243.90. T-Mobile US, Inc. has a 1 year low of $206.18 and a 1 year high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, beating the consensus estimate of $2.69 by $0.15. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The business had revenue of $21.13 billion during the quarter, compared to analyst estimates of $20.99 billion. During the same quarter in the previous year, the business posted $2.49 EPS. The company's quarterly revenue was up 6.9% compared to the same quarter last year. As a group, research 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. Shareholders of record on Wednesday, November 26th will be given a dividend of $1.02 per share. 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. This represents a $4.08 annualized dividend and a yield of 1.8%. T-Mobile US's payout ratio is 33.21%.

Insider Activity

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the business's stock in a transaction on Friday, July 25th. The stock was sold at an average price of $244.98, for a total value of $17,109,403.20. Following the completion of the transaction, the director directly owned 646,683,084 shares of the company's stock, valued at approximately $158,424,421,918.32. The trade was a 0.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last quarter, insiders sold 2,514,793 shares of company stock valued at $606,931,756. Company insiders own 0.37% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Raymond James Financial raised T-Mobile US to a "hold" rating in a research note on Wednesday, October 1st. Bank of America started coverage on T-Mobile US in a research note on Monday, July 7th. They issued a "neutral" rating and a $255.00 price target for the company. Moffett Nathanson lifted their price objective on shares of T-Mobile US from $210.00 to $230.00 and gave the company a "neutral" rating in a research report on Thursday. Weiss Ratings reaffirmed a "buy (b)" rating on shares of T-Mobile US in a research note on Saturday, September 27th. Finally, Morgan Stanley boosted their price target on shares of T-Mobile US from $265.00 to $285.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $262.50.

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.

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