Sandro Wealth Management LLC Acquires Shares of 11,159 T-Mobile US, Inc. $TMUS

Key Points

• Sandro Wealth Management acquired 11,159 T-Mobile US shares worth approximately $1.87 million, making the stock 1.4% of its portfolio. Institutional investors and hedge funds collectively own 42.49% of TMUS.
• Analysts maintain a generally positive outlook, with one Strong Buy, 21 Buy, and eight Hold ratings. T-Mobile has a consensus “Moderate Buy” rating and an average price target of $252.08.
• T-Mobile’s latest quarterly results exceeded expectations, with EPS of $2.99 versus the $2.59 consensus, while revenue rose 7.9% year over year. The company also declared a quarterly dividend of $1.02, representing a 2.2% annualized yield.

Sandro Wealth Management LLC bought a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,159 shares of the Wireless communications provider's stock, valued at approximately $1,872,000. T-Mobile US comprises 1.4% of Sandro Wealth Management LLC's investment portfolio, making the stock its 27th largest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. JDM Financial Group LLC lifted its position in T-Mobile US by 114.0% during the 4th quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider's stock worth $25,000 after buying an additional 65 shares in the last quarter. Main Street Group LTD acquired a new stake in T-Mobile US in the 1st quarter valued at about $25,000. Swiss RE Ltd. acquired a new stake in T-Mobile US in the 4th quarter valued at about $29,000. Turning Point Benefit Group Inc. raised its stake in shares of T-Mobile US by 3,825.0% in the fourth quarter. Turning Point Benefit Group Inc. now owns 157 shares of the Wireless communications provider's stock worth $32,000 after acquiring an additional 153 shares during the last quarter. Finally, Sachetta LLC raised its stake in shares of T-Mobile US by 52.9% in the first quarter. Sachetta LLC now owns 159 shares of the Wireless communications provider's stock worth $33,000 after acquiring an additional 55 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on TMUS shares. Wolfe Research reissued a "peer perform" rating on shares of T-Mobile US in a research note on Friday. Weiss Ratings downgraded T-Mobile US from a "hold (c+)" rating to a "hold (c)" rating in a report on Monday, June 15th. Oppenheimer raised T-Mobile US from a "market perform" rating to an "outperform" rating and set a $260.00 target price for the company in a research note on Wednesday, April 29th. Arete Research boosted their target price on T-Mobile US from $295.00 to $300.00 and gave the stock a "buy" rating in a research report on Tuesday, May 5th. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of T-Mobile US in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $252.08.

Insider Activity at T-Mobile US

In related news, COO Jon Freier sold 4,799 shares of T-Mobile US stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $190.00, for a total transaction of $911,810.00. Following the completion of the sale, the chief operating officer directly owned 217,168 shares of the company's stock, valued at $41,261,920. The trade was a 2.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.32% of the stock is currently owned by company insiders.

T-Mobile US Trading Down 0.4%

Shares of NASDAQ TMUS opened at $182.61 on Friday. The company's 50 day simple moving average is $181.60 and its 200 day simple moving average is $194.23. T-Mobile US, Inc. has a fifty-two week low of $165.66 and a fifty-two week high of $261.56. The firm has a market capitalization of $195.88 billion, a P/E ratio of 19.12, a P/E/G ratio of 1.03 and a beta of 0.33. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.92 and a quick ratio of 0.83.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 EPS for the quarter, topping analysts' consensus estimates of $2.59 by $0.40. The firm had revenue of $22.79 billion during the quarter, compared to analyst estimates of $22.95 billion. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. The business's quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.84 EPS. On average, analysts predict that T-Mobile US, Inc. will post 10.73 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 10th. Stockholders of record on Friday, August 28th will be given a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Friday, August 28th. T-Mobile US's dividend payout ratio (DPR) is currently 42.72%.

T-Mobile US Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.

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