Kingswood Wealth Advisors LLC Sells 1,562 Shares of T-Mobile US, Inc. $TMUS

Key Points

• Kingswood Wealth Advisors LLC significantly reduced its stake in T-Mobile US, Inc. by 55.3% in the second quarter, selling 1,562 shares and holding 1,262 shares valued at $301,000.
• T-Mobile US recently announced a quarterly dividend of $1.02 per share, an increase from the previous $0.88, with an ex-dividend date set for November 26th.
• In its last quarterly earnings report, T-Mobile US exceeded estimates with an EPS of $2.84, and revenue of $21.13 billion, up 6.9% from the same quarter last year.

Kingswood Wealth Advisors LLC reduced its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 55.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,262 shares of the Wireless communications provider's stock after selling 1,562 shares during the period. Kingswood Wealth Advisors LLC's holdings in T-Mobile US were worth $301,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Hohimer Wealth Management LLC grew its position in shares of T-Mobile US by 2.3% during the 1st quarter. Hohimer Wealth Management LLC now owns 1,800 shares of the Wireless communications provider's stock valued at $480,000 after acquiring an additional 41 shares during the period. Journey Strategic Wealth LLC grew its position in shares of T-Mobile US by 4.2% during the 1st quarter. Journey Strategic Wealth LLC now owns 1,022 shares of the Wireless communications provider's stock valued at $273,000 after acquiring an additional 41 shares during the period. Angeles Wealth Management LLC grew its position in shares of T-Mobile US by 1.2% during the 1st quarter. Angeles Wealth Management LLC now owns 3,328 shares of the Wireless communications provider's stock valued at $888,000 after acquiring an additional 41 shares during the period. Bank of Stockton grew its position in shares of T-Mobile US by 1.2% during the 2nd quarter. Bank of Stockton now owns 3,802 shares of the Wireless communications provider's stock valued at $906,000 after acquiring an additional 44 shares during the period. Finally, Stonebrook Private Inc. grew its position in shares of T-Mobile US by 4.8% during the 1st quarter. Stonebrook Private Inc. now owns 984 shares of the Wireless communications provider's stock valued at $262,000 after acquiring an additional 45 shares during the period. 42.49% of the stock is owned by institutional investors.

T-Mobile US Stock Up 1.1%

Shares of NASDAQ:TMUS opened at $228.79 on Friday. The firm has a fifty day moving average price of $243.36 and a two-hundred day moving average price of $243.02. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.21 and a quick ratio of 1.13. T-Mobile US, Inc. has a one year low of $208.39 and a one year high of $276.49. The company has a market cap of $257.48 billion, a price-to-earnings ratio of 21.58, a PEG ratio of 1.54 and a beta of 0.59.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced 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 firm had revenue of $21.13 billion during the quarter, compared to the consensus estimate of $20.99 billion. During the same period last year, the firm earned $2.49 EPS. The business's quarterly revenue was up 6.9% compared to the same quarter last year. Analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be given a dividend of $1.02 per share. 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 dividend yield of 1.8%. T-Mobile US's dividend payout ratio is 33.21%.

Analysts Set New Price Targets

TMUS has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft raised their price objective on shares of T-Mobile US from $280.00 to $300.00 in a report on Thursday, October 2nd. Rothschild & Co Redburn raised shares of T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price objective for the company in a report on Monday, July 7th. Bank of America initiated coverage on shares of T-Mobile US in a report on Monday, July 7th. They issued a "neutral" rating and a $255.00 price objective for the company. Redburn Atlantic raised shares of 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. Finally, Arete Research raised shares of T-Mobile US to a "strong-buy" rating in a report on Tuesday, July 8th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, T-Mobile US currently has a consensus rating of "Moderate Buy" and a consensus target price of $265.13.

Insider Buying and Selling at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 64,426 shares of the firm's stock in a transaction on Wednesday, October 8th. The shares were sold at an average price of $226.17, for a total transaction of $14,571,228.42. Following the sale, the director owned 628,039,751 shares in the company, valued at approximately $142,043,750,483.67. This trade represents a 0.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In the last 90 days, insiders have sold 2,499,001 shares of company stock worth $602,845,239. Company insiders own 0.37% of the company's stock.

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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