T-Mobile US, Inc. $TMUS Shares Acquired by Petros Family Wealth LLC

Petros Family Wealth LLC boosted its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 56.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,472 shares of the Wireless communications provider's stock after purchasing an additional 1,259 shares during the quarter. Petros Family Wealth LLC's holdings in T-Mobile US were worth $827,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of TMUS. Vest Financial LLC raised its position in T-Mobile US by 35.9% in the 1st quarter. Vest Financial LLC now owns 5,504 shares of the Wireless communications provider's stock valued at $1,468,000 after purchasing an additional 1,455 shares during the last quarter. Sovereign Financial Group Inc. purchased a new stake in T-Mobile US in the 1st quarter valued at $260,000. Sivia Capital Partners LLC raised its position in T-Mobile US by 3.0% in the 1st quarter. Sivia Capital Partners LLC now owns 2,057 shares of the Wireless communications provider's stock valued at $549,000 after purchasing an additional 60 shares during the last quarter. Orrstown Financial Services Inc. raised its position in T-Mobile US by 2.4% in the 1st quarter. Orrstown Financial Services Inc. now owns 4,926 shares of the Wireless communications provider's stock valued at $1,314,000 after purchasing an additional 114 shares during the last quarter. Finally, UMB Bank n.a. raised its position in T-Mobile US by 1,248.4% in the 1st quarter. UMB Bank n.a. now owns 24,743 shares of the Wireless communications provider's stock valued at $6,599,000 after purchasing an additional 22,908 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on TMUS. JPMorgan Chase & Co. increased their price target on T-Mobile US from $280.00 to $300.00 and gave the stock an "overweight" rating in a report on Tuesday, September 30th. Morgan Stanley increased their price target on T-Mobile US from $265.00 to $285.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Bank of America began coverage on T-Mobile US in a report on Monday, July 7th. They set a "neutral" rating and a $255.00 price target for the company. Redburn Atlantic raised T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price target for the company in a report on Monday, July 7th. Finally, Wolfe Research decreased their price target on T-Mobile US from $300.00 to $290.00 and set an "outperform" rating for the company in a report on Tuesday, September 30th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, T-Mobile US presently has a consensus rating of "Moderate Buy" and an average target price of $262.50.

T-Mobile US Stock Up 0.1%

TMUS opened at $230.27 on Monday. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.21 and a quick ratio of 1.13. The stock has a market capitalization of $259.15 billion, a price-to-earnings ratio of 21.72, a price-to-earnings-growth ratio of 1.27 and a beta of 0.59. The business has a 50-day moving average of $244.56 and a two-hundred day moving average of $243.90. T-Mobile US, Inc. has a 12 month low of $206.18 and a 12 month high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly 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 company had revenue of $21.13 billion during the quarter, compared to analysts' expectations of $20.99 billion. During the same quarter in the previous year, the business earned $2.49 EPS. The firm's revenue was up 6.9% on a year-over-year basis. On average, research analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Increases Dividend

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

Insider Activity

In other news, Director Telekom Ag Deutsche sold 64,426 shares of the business's stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $239.54, for a total transaction of $15,432,604.04. Following the completion of the sale, the director owned 634,112,640 shares in the company, valued at approximately $151,895,341,785.60. The trade was a 0.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders sold 2,514,793 shares of company stock worth $606,931,756. 0.37% of the stock is currently owned by insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.