Farther Finance Advisors LLC Buys 3,701 Shares of T-Mobile US, Inc. $TMUS

Key Points

• Farther Finance Advisors LLC increased its stake in T-Mobile US by 72.3%, acquiring an additional 3,701 shares, bringing its total holdings to 8,818 shares valued at $2.1 million.
• T-Mobile US reported earnings of $2.84 per share in its last quarterly earnings, exceeding analysts' expectations of $2.69, alongside a revenue of $21.13 billion.
• The company announced an increase in its quarterly dividend to $1.02, representing a 1.7% annual yield, with the dividend payout ratio standing at 33.21%.

Farther Finance Advisors LLC lifted its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 72.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,818 shares of the Wireless communications provider's stock after purchasing an additional 3,701 shares during the quarter. Farther Finance Advisors LLC's holdings in T-Mobile US were worth $2,101,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. NorthCrest Asset Manangement LLC purchased a new position in T-Mobile US during the second quarter worth about $284,000. Crestwood Advisors Group LLC grew its position in T-Mobile US by 79.5% during the first quarter. Crestwood Advisors Group LLC now owns 1,635 shares of the Wireless communications provider's stock worth $436,000 after buying an additional 724 shares in the last quarter. Berkshire Bank grew its position in T-Mobile US by 12.5% during the second quarter. Berkshire Bank now owns 12,593 shares of the Wireless communications provider's stock worth $3,000,000 after buying an additional 1,400 shares in the last quarter. Canada Pension Plan Investment Board grew its position in T-Mobile US by 14.3% during the first quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider's stock worth $1,837,399,000 after buying an additional 864,030 shares in the last quarter. Finally, Fox Hill Wealth Management purchased a new position in T-Mobile US during the second quarter worth about $2,603,000. 42.49% of the stock is currently owned by institutional investors.

T-Mobile US Trading Down 0.3%

NASDAQ TMUS opened at $237.55 on Tuesday. T-Mobile US, Inc. has a fifty-two week low of $198.69 and a fifty-two week high of $276.49. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21. The stock has a 50 day simple moving average of $244.07 and a two-hundred day simple moving average of $245.35. The stock has a market cap of $267.35 billion, a P/E ratio of 22.41, a price-to-earnings-growth ratio of 1.31 and a beta of 0.61.

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

T-Mobile US Increases Dividend

The firm also recently disclosed 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 an increase 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 33.21%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on TMUS shares. Morgan Stanley boosted their target price on T-Mobile US from $265.00 to $285.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. The Goldman Sachs Group assumed coverage on T-Mobile US in a research report on Tuesday, September 2nd. They set a "buy" rating and a $286.00 target price for the company. Royal Bank Of Canada upped their price objective on T-Mobile US from $265.00 to $270.00 and gave the stock a "sector perform" rating in a report on Friday, July 25th. Arete Research upgraded T-Mobile US to a "strong-buy" rating in a report on Tuesday, July 8th. Finally, Redburn Atlantic upgraded T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price objective for the company in a report on Monday, July 7th. Three research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $258.02.

Insider Activity

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the firm's stock in a transaction that occurred on 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 in the company, valued at $154,195,093,739.52. This trade represents a 0.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last three months, insiders sold 2,606,300 shares of company stock valued at $627,710,011. 0.37% of the stock is currently owned by corporate insiders.

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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