Moss Adams Wealth Advisors LLC Grows Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Moss Adams Wealth Advisors LLC increased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 99.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,376 shares of the Wireless communications provider's stock after acquiring an additional 2,179 shares during the period. Moss Adams Wealth Advisors LLC's holdings in T-Mobile US were worth $1,167,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Gladstone Institutional Advisory LLC purchased a new stake in T-Mobile US in the fourth quarter valued at approximately $1,552,000. Van ECK Associates Corp increased its holdings in shares of T-Mobile US by 3.1% in the 4th quarter. Van ECK Associates Corp now owns 20,855 shares of the Wireless communications provider's stock worth $4,603,000 after buying an additional 625 shares during the last quarter. CFC Planning Co LLC purchased a new stake in shares of T-Mobile US during the 4th quarter valued at $476,000. Avantax Advisory Services Inc. lifted its holdings in shares of T-Mobile US by 5.2% during the 4th quarter. Avantax Advisory Services Inc. now owns 37,478 shares of the Wireless communications provider's stock worth $8,272,000 after acquiring an additional 1,859 shares during the last quarter. Finally, Burling Wealth Partners LLC purchased a new position in T-Mobile US in the fourth quarter worth $2,539,000. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

T-Mobile US Trading Down 3.2%

TMUS traded down $7.91 during midday trading on Monday, reaching $237.95. 4,537,262 shares of the company's stock traded hands, compared to its average volume of 4,120,491. T-Mobile US, Inc. has a 52 week low of $171.18 and a 52 week high of $276.49. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. The firm has a fifty day moving average of $248.49 and a two-hundred day moving average of $244.19. The stock has a market capitalization of $270.18 billion, a price-to-earnings ratio of 24.61, a P/E/G ratio of 1.55 and a beta of 0.64.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 EPS for the quarter, beating analysts' consensus estimates of $2.48 by $0.10. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. The company had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.67 billion. The firm's revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.00 earnings per share. On average, equities analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently announced 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. The ex-dividend date is Friday, August 29th. This represents a $3.52 annualized dividend and a dividend yield of 1.48%. T-Mobile US's dividend payout ratio is 34.34%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Scotiabank raised T-Mobile US from a "sector perform" rating to a "sector outperform" rating and lifted their price target for the stock from $275.00 to $277.50 in a research note on Wednesday, April 30th. Wells Fargo & Company reissued an "equal weight" rating on shares of T-Mobile US in a report on Wednesday, February 26th. Wall Street Zen lowered T-Mobile US from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. UBS Group cut shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 21st. Finally, HSBC lowered shares of T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 price objective for the company. in a report on Wednesday, March 5th. Eleven research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, T-Mobile US presently has an average rating of "Moderate Buy" and a consensus price target of $257.68.

T-Mobile US Company 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.