T-Mobile US, Inc. $TMUS Shares Acquired by GC Wealth Management RIA LLC

Key Points

• GC Wealth Management RIA LLC increased its position in T-Mobile US by 11.2% during the second quarter, acquiring an additional 1,514 shares, bringing its total holdings to 15,005 shares valued at approximately $3.57 million.
• Several institutional investors significantly boosted their stakes in T-Mobile US, with Exane Asset Management increasing its holdings by an extraordinary 145,020% to own 72,560 shares worth about $17.29 million.
• T-Mobile US announced a quarterly dividend increase from $0.88 to $1.02, with an ex-dividend date set for November 26, reflecting a payout ratio of 33.21%.

GC Wealth Management RIA LLC grew its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 11.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,005 shares of the Wireless communications provider's stock after acquiring an additional 1,514 shares during the quarter. GC Wealth Management RIA LLC's holdings in T-Mobile US were worth $3,575,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Exane Asset Management boosted its position in shares of T-Mobile US by 145,020.0% during the second quarter. Exane Asset Management now owns 72,560 shares of the Wireless communications provider's stock worth $17,288,000 after buying an additional 72,510 shares during the period. Forefront Wealth Management Inc. boosted its position in T-Mobile US by 0.6% during the 2nd quarter. Forefront Wealth Management Inc. now owns 11,609 shares of the Wireless communications provider's stock worth $2,766,000 after acquiring an additional 74 shares during the period. Independence Bank of Kentucky boosted its position in T-Mobile US by 21.0% during the 2nd quarter. Independence Bank of Kentucky now owns 9,933 shares of the Wireless communications provider's stock worth $2,367,000 after acquiring an additional 1,722 shares during the period. Overbrook Management Corp boosted its position in T-Mobile US by 14.8% during the 2nd quarter. Overbrook Management Corp now owns 96,603 shares of the Wireless communications provider's stock worth $23,017,000 after acquiring an additional 12,425 shares during the period. Finally, RBA Wealth Management LLC boosted its position in T-Mobile US by 1.1% during the 2nd quarter. RBA Wealth Management LLC now owns 21,449 shares of the Wireless communications provider's stock worth $5,110,000 after acquiring an additional 236 shares during the period. Institutional investors and hedge funds own 42.49% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of T-Mobile US from $270.00 to $280.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. KeyCorp restated an "underweight" rating and issued a $200.00 target price on shares of T-Mobile US in a research report on Wednesday, July 9th. Royal Bank Of Canada upped their target price 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. Rothschild & Co Redburn upgraded T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 target price for the company in a research report on Monday, July 7th. Finally, Bank of America began coverage on T-Mobile US in a report on Monday, July 7th. They issued a "neutral" rating and a $255.00 price objective for the company. Three investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $258.02.

Insider Activity at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 64,426 shares of the company's stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $238.98, for a total value of $15,396,525.48. Following the completion of the sale, the director owned 634,305,918 shares in the company, valued at approximately $151,586,428,283.64. This represents a 0.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders have sold 2,525,632 shares of company stock valued at $609,403,041. 0.37% of the stock is currently owned by corporate insiders.

T-Mobile US Trading Down 0.2%

Shares of NASDAQ TMUS opened at $237.47 on Monday. T-Mobile US, Inc. has a 12 month low of $202.77 and a 12 month high of $276.49. The company has a market cap of $267.25 billion, a price-to-earnings ratio of 22.40, a P/E/G ratio of 1.30 and a beta of 0.61. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33. The business has a fifty day simple moving average of $244.96 and a 200-day simple moving average of $244.76.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, beating the consensus estimate of $2.69 by $0.15. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The business had revenue of $21.13 billion during the quarter, compared to the consensus estimate of $20.99 billion. During the same period in the prior year, the business posted $2.49 earnings per share. T-Mobile US's revenue was up 6.9% compared to the same quarter last year. Sell-side analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be given a $1.02 dividend. This is a boost from T-Mobile US's previous quarterly dividend of $0.88. The ex-dividend date is Wednesday, November 26th. This represents a $4.08 annualized dividend and a dividend yield of 1.7%. T-Mobile US's payout ratio is currently 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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