Lyell Wealth Management LP Has $8.95 Million Stake in T-Mobile US, Inc. $TMUS

Key Points

• Lyell Wealth Management LP increased its stake in T-Mobile US, Inc. by 23.4%, owning 37,579 shares valued at approximately $8.95 million as of the latest SEC filing.
• Analysts maintain a positive outlook on T-Mobile, with a current average price target of $266.17 and multiple upgrades from institutions, including Royal Bank Of Canada's upgrade to an "outperform" rating.
• T-Mobile recently announced a quarterly dividend increase to $1.02 per share, representing a boost from the previous dividend and a yield of 1.8%.

Lyell Wealth Management LP boosted its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 23.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,579 shares of the Wireless communications provider's stock after purchasing an additional 7,136 shares during the quarter. Lyell Wealth Management LP's holdings in T-Mobile US were worth $8,954,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of TMUS. GAMMA Investing LLC raised its stake in T-Mobile US by 10.2% in the 1st quarter. GAMMA Investing LLC now owns 11,449 shares of the Wireless communications provider's stock worth $3,054,000 after purchasing an additional 1,059 shares in the last quarter. Johnson Investment Counsel Inc. raised its stake in T-Mobile US by 12.5% in the 1st quarter. Johnson Investment Counsel Inc. now owns 1,896 shares of the Wireless communications provider's stock worth $506,000 after purchasing an additional 211 shares in the last quarter. Advisor Resource Council acquired a new stake in T-Mobile US in the 1st quarter worth about $463,000. PFG Investments LLC raised its stake in T-Mobile US by 6.8% in the 1st quarter. PFG Investments LLC now owns 1,437 shares of the Wireless communications provider's stock worth $383,000 after purchasing an additional 92 shares in the last quarter. Finally, World Equity Group Inc. raised its stake in T-Mobile US by 27.0% in the 1st quarter. World Equity Group Inc. now owns 1,679 shares of the Wireless communications provider's stock worth $448,000 after purchasing an additional 357 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company's stock.

Wall Street Analysts Forecast Growth

TMUS has been the subject of several analyst reports. Bank of America initiated coverage on shares of T-Mobile US in a research note on Monday, July 7th. They issued a "neutral" rating and a $255.00 price objective for the company. BNP Paribas Exane lifted their price objective on shares of T-Mobile US from $290.00 to $305.00 and gave the stock an "outperform" rating in a research note on Monday, October 6th. Rothschild Redb upgraded shares of T-Mobile US to a "hold" rating in a research report on Tuesday, September 30th. Royal Bank Of Canada upgraded shares of T-Mobile US from a "sector perform" rating to an "outperform" rating and set a $270.00 target price for the company in a research report on Tuesday, October 14th. Finally, The Goldman Sachs Group assumed coverage on shares of T-Mobile US in a research report on Tuesday, September 2nd. They issued a "buy" rating and a $286.00 target price for the company. Three research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, T-Mobile US presently has an average rating of "Moderate Buy" and an average price target of $266.17.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS opened at $229.33 on Monday. The firm has a 50 day moving average of $241.95 and a 200-day moving average of $241.34. The stock has a market capitalization of $258.09 billion, a PE ratio of 21.63, a PEG ratio of 1.57 and a beta of 0.59. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33. T-Mobile US, Inc. has a 12 month low of $208.39 and a 12 month high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its 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. The company had revenue of $21.13 billion during the quarter, compared to analysts' expectations of $20.99 billion. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The business's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the previous year, the company earned $2.49 EPS. On average, equities research analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be issued 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 dividend yield of 1.8%. T-Mobile US's payout ratio is presently 33.21%.

Insider Activity

In related news, Director Telekom Ag Deutsche sold 64,426 shares of T-Mobile US stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $227.75, for a total transaction of $14,673,021.50. Following the sale, the director directly owned 627,717,621 shares of the company's stock, valued at approximately $142,962,688,182.75. The trade was a 0.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have sold 2,343,079 shares of company stock worth $566,860,634. 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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