Kestra Advisory Services LLC Buys 2,846 Shares of T-Mobile US, Inc. $TMUS

Key Points

• Kestra Advisory Services LLC increased its stake in T-Mobile US, owning 34,315 shares valued at $9.15 million after a 9% increase during the 1st quarter.
• Recent earnings reported that T-Mobile US achieved $2.84 earnings per share, surpassing estimates, with a quarterly revenue of $21.13 billion and a year-over-year growth of 6.9%.
• The company announced a quarterly dividend of $0.88 per share, expected to be paid on September 11th, representing a yield of 1.4%.

Kestra Advisory Services LLC grew its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 9.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,315 shares of the Wireless communications provider's stock after purchasing an additional 2,846 shares during the period. Kestra Advisory Services LLC's holdings in T-Mobile US were worth $9,152,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Crestwood Advisors Group LLC grew its stake in shares of T-Mobile US by 79.5% in the 1st quarter. Crestwood Advisors Group LLC now owns 1,635 shares of the Wireless communications provider's stock valued at $436,000 after purchasing an additional 724 shares during the period. Advisor Resource Council bought a new stake in T-Mobile US during the 1st quarter worth approximately $463,000. Main Street Research LLC grew its position in T-Mobile US by 1.0% during the 1st quarter. Main Street Research LLC now owns 177,902 shares of the Wireless communications provider's stock worth $47,448,000 after acquiring an additional 1,788 shares during the last quarter. Sawgrass Asset Management LLC bought a new stake in T-Mobile US during the 1st quarter worth approximately $6,543,000. Finally, Parr Mcknight Wealth Management Group LLC bought a new stake in T-Mobile US during the 4th quarter worth approximately $1,935,000. 42.49% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the firm's stock in a transaction 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 transaction, the director directly 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 Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders sold 2,278,730 shares of company stock valued at $540,242,549. 0.37% of the stock is owned by company insiders.

T-Mobile US Trading Up 0.1%

TMUS traded up $0.16 during mid-day trading on Wednesday, reaching $251.36. The stock had a trading volume of 3,210,172 shares, compared to its average volume of 4,019,147. The stock has a market capitalization of $282.89 billion, a P/E ratio of 23.71, a P/E/G ratio of 1.37 and a beta of 0.62. 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 firm's fifty day simple moving average is $239.60 and its two-hundred day simple moving average is $248.10. T-Mobile US, Inc. has a 52 week low of $192.61 and a 52 week high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced 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 firm 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 quarterly revenue was up 6.9% compared to the same quarter last year. During the same period last year, the company earned $2.49 EPS. On average, equities analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be given a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, August 29th. T-Mobile US's dividend payout ratio (DPR) is currently 33.21%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Bank of America assumed coverage on T-Mobile US in a research report on Monday, July 7th. They set a "neutral" rating and a $255.00 price target on the stock. Tigress Financial increased their price target on T-Mobile US from $290.00 to $305.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. Redburn Atlantic upgraded T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price target on the stock in a research report on Monday, July 7th. Rothschild & Co Redburn upgraded T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price target on the stock in a research report on Monday, July 7th. Finally, Morgan Stanley increased their price target 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. 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 issued a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $256.31.

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.