Independent Advisor Alliance Increases Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Key Points

• Independent Advisor Alliance increased its stake in T-Mobile US, owning 46,911 shares worth approximately $12.5 million after acquiring an additional 3,464 shares.
• T-Mobile reported earnings of $2.84 per share for the last quarter, surpassing analyst expectations, with revenues of $21.13 billion, which was 6.9% higher than the previous year.
• Insiders have sold more than 1.7 million shares worth over $410 million in the last 90 days, indicating significant trading activity among company executives.

Independent Advisor Alliance lifted its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 8.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,911 shares of the Wireless communications provider's stock after purchasing an additional 3,464 shares during the period. Independent Advisor Alliance's holdings in T-Mobile US were worth $12,512,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Godsey & Gibb Inc. increased its stake in shares of T-Mobile US by 139.5% during the 1st quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock worth $27,000 after purchasing an additional 60 shares in the last quarter. TCTC Holdings LLC increased its stake in shares of T-Mobile US by 208.1% during the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock worth $30,000 after purchasing an additional 77 shares in the last quarter. City Holding Co. increased its stake in shares of T-Mobile US by 45.3% during the 1st quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock worth $37,000 after purchasing an additional 43 shares in the last quarter. Adirondack Trust Co. increased its stake in shares of T-Mobile US by 366.7% during the 1st quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock worth $37,000 after purchasing an additional 110 shares in the last quarter. Finally, Pinney & Scofield Inc. purchased a new position in shares of T-Mobile US during the 4th quarter worth approximately $39,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on TMUS shares. Morgan Stanley raised their price objective on shares of T-Mobile US from $265.00 to $285.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Wall Street Zen downgraded shares of T-Mobile US from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Tigress Financial upped their price objective on shares of T-Mobile US from $290.00 to $305.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. Redburn Atlantic raised shares of T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price objective on the stock in a research note on Monday, July 7th. Finally, Arete Research raised shares of T-Mobile US to a "strong-buy" rating in a research note on Tuesday, July 8th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $256.31.

T-Mobile US Trading Up 1.4%

TMUS traded up $3.41 during trading on Tuesday, hitting $252.28. 4,620,336 shares of the company's stock were exchanged, compared to its average volume of 4,421,133. 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 1 year low of $192.61 and a 1 year high of $276.49. The stock has a 50 day moving average price of $235.12 and a 200 day moving average price of $246.79. The firm has a market cap of $283.92 billion, a P/E ratio of 23.80, a price-to-earnings-growth ratio of 1.37 and a beta of 0.62.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, topping 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 company had revenue of $21.13 billion during the quarter, compared to the consensus estimate of $20.99 billion. During the same period in the previous year, the firm earned $2.49 earnings per share. T-Mobile US's revenue for the quarter was up 6.9% on a year-over-year basis. As a group, analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, August 29th. T-Mobile US's payout ratio is currently 33.21%.

Insiders Place Their Bets

In other T-Mobile US news, insider Callie R. Field sold 12,300 shares of the business's stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $240.80, for a total transaction of $2,961,840.00. Following the completion of the sale, the insider directly owned 110,891 shares in the company, valued at $26,702,552.80. The trade was a 9.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $247.58, for a total transaction of $17,290,987.20. Following the sale, the director owned 636,481,244 shares in the company, valued at $157,580,026,389.52. This represents a 0.01% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,904,530 shares of company stock worth $445,006,069 over the last ninety days. 0.37% of the stock is owned by company insiders.

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.