T-Mobile US, Inc. $TMUS Holdings Raised by Fifth Third Wealth Advisors LLC

Key Points

• Fifth Third Wealth Advisors LLC increased its stake in T-Mobile US, Inc. by 12.9% during the second quarter, owning over 21,000 shares valued at approximately $5 million.
• T-Mobile US announced a quarterly dividend of $1.02 per share, marking an increase from the previous $0.88 dividend, reflecting a commitment to returning value to shareholders.
• In its latest earnings report, T-Mobile US recorded an EPS of $2.84, surpassing analysts' expectations and demonstrating a year-over-year revenue growth of 6.9%.

Fifth Third Wealth Advisors LLC boosted its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 12.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,090 shares of the Wireless communications provider's stock after buying an additional 2,404 shares during the quarter. Fifth Third Wealth Advisors LLC's holdings in T-Mobile US were worth $5,025,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Activest Wealth Management raised its stake in shares of T-Mobile US by 9,400.0% during the 1st quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider's stock worth $25,000 after purchasing an additional 94 shares in the last quarter. Missouri Trust & Investment Co raised its position in T-Mobile US by 807.7% during the second quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider's stock valued at $28,000 after acquiring an additional 105 shares in the last quarter. Stone House Investment Management LLC bought a new position in T-Mobile US during the first quarter valued at approximately $29,000. TCTC Holdings LLC raised its position in T-Mobile US by 208.1% during the first quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock valued at $30,000 after acquiring an additional 77 shares in the last quarter. Finally, Tsfg LLC bought a new position in T-Mobile US during the first quarter valued at approximately $47,000. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the business's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $232.63, for a total transaction of $16,246,879.20. Following the transaction, the director owned 646,822,764 shares of the company's stock, valued at approximately $150,470,379,589.32. The trade was a 0.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have sold a total of 2,499,001 shares of company stock worth $602,845,239 over the last 90 days. Insiders own 0.37% of the company's stock.

T-Mobile US Trading Up 1.1%

T-Mobile US stock opened at $228.79 on Friday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21. The business's 50-day simple moving average is $243.36 and its 200-day simple moving average is $243.02. The firm has a market capitalization of $257.48 billion, a PE ratio of 21.58, a PEG ratio of 1.54 and a beta of 0.59. T-Mobile US, Inc. has a 52 week low of $208.39 and a 52 week high of $276.49.

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

T-Mobile US Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 1.8%. This is an increase from T-Mobile US's previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Wednesday, November 26th. T-Mobile US's payout ratio is presently 33.21%.

Analyst Ratings Changes

A number of research firms have recently weighed in on TMUS. Royal Bank Of Canada raised their price target on shares of T-Mobile US from $265.00 to $270.00 and gave the company a "sector perform" rating in a report on Friday, July 25th. Redburn Atlantic upgraded T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 target price on the stock in a report on Monday, July 7th. Deutsche Bank Aktiengesellschaft raised their target price on T-Mobile US from $280.00 to $300.00 in a report on Thursday, October 2nd. Rothschild & Co Redburn upgraded T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 target price on the stock in a report on Monday, July 7th. Finally, Wolfe Research cut their price objective on T-Mobile US from $300.00 to $290.00 and set an "outperform" rating on the stock in a research note on Tuesday, September 30th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $265.13.

About T-Mobile US

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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