T-Mobile US, Inc. (NASDAQ:TMUS) Shares Purchased by Savvy Advisors Inc.

Key Points

• Savvy Advisors Inc. increased its holdings in T-Mobile US, Inc. by 64.6% during Q1, owning a total of 5,559 shares valued at approximately $1.48 million.
• Insider sales reportedly totaled over $410 million in the last ninety days, with significant sales by insiders Jon Freier and Callie R. Field.
• T-Mobile US recently declared a quarterly dividend of $0.88 per share, resulting in a 1.4% annualized yield, with an ex-dividend date of August 29th.

Savvy Advisors Inc. grew its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 64.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,559 shares of the Wireless communications provider's stock after purchasing an additional 2,182 shares during the period. Savvy Advisors Inc.'s holdings in T-Mobile US were worth $1,483,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC lifted its position in T-Mobile US by 29,289.4% during the 1st quarter. GAMMA Investing LLC now owns 3,053,563 shares of the Wireless communications provider's stock worth $814,416,000 after acquiring an additional 3,043,173 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in T-Mobile US by 85.5% during the 4th quarter. Canada Pension Plan Investment Board now owns 6,025,096 shares of the Wireless communications provider's stock worth $1,329,919,000 after purchasing an additional 2,777,657 shares during the last quarter. Capital International Investors increased its holdings in T-Mobile US by 36.2% during the 4th quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider's stock worth $1,440,424,000 after purchasing an additional 1,734,998 shares during the last quarter. Deutsche Bank AG increased its holdings in T-Mobile US by 38.8% during the 4th quarter. Deutsche Bank AG now owns 3,465,534 shares of the Wireless communications provider's stock worth $764,947,000 after purchasing an additional 968,444 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of T-Mobile US by 25.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,172,644 shares of the Wireless communications provider's stock valued at $1,112,886,000 after acquiring an additional 844,932 shares during the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on TMUS shares. Scotiabank upgraded T-Mobile US from a "sector perform" rating to a "sector outperform" rating and boosted their price target for the company from $275.00 to $277.50 in a report on Wednesday, April 30th. Wall Street Zen downgraded T-Mobile US from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Morgan Stanley upped their price objective on T-Mobile US from $265.00 to $285.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Royal Bank Of Canada boosted their price target on T-Mobile US from $265.00 to $270.00 and gave the stock a "sector perform" rating in a research report on Friday, July 25th. Finally, KeyCorp restated an "underweight" rating and set a $200.00 price objective on shares of T-Mobile US in a research note on Wednesday, July 9th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $256.31.

Insider Buying and Selling

In other T-Mobile US news, insider Jon Freier sold 7,000 shares of T-Mobile US stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $250.00, for a total value of $1,750,000.00. Following the completion of the transaction, the insider directly owned 199,643 shares of the company's stock, valued at $49,910,750. The trade was a 3.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Callie R. Field sold 12,300 shares of the company's stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $240.80, for a total value of $2,961,840.00. Following the completion of the transaction, the insider directly owned 110,891 shares of the company's stock, valued at approximately $26,702,552.80. The trade was a 9.98% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,764,850 shares of company stock valued at $410,591,012. Insiders own 0.37% of the company's stock.

T-Mobile US Stock Up 1.6%

NASDAQ TMUS opened at $242.93 on Friday. The stock has a fifty day moving average of $234.79 and a 200-day moving average of $245.96. The stock has a market capitalization of $273.40 billion, a P/E ratio of 22.92, a price-to-earnings-growth ratio of 1.31 and a beta of 0.62. T-Mobile US, Inc. has a 52 week low of $190.00 and a 52 week high of $276.49. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.69 by $0.15. The firm had revenue of $21.13 billion during the quarter, compared to analysts' expectations of $20.99 billion. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%. The company's revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.49 earnings per share. On average, equities research analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's dividend payout ratio (DPR) is presently 33.21%.

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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