Trivium Point Advisory LLC Takes $4 Million Position in T-Mobile US, Inc. $TMUS

Trivium Point Advisory LLC acquired a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 23,843 shares of the Wireless communications provider's stock, valued at approximately $3,999,000.

Other institutional investors have also bought and sold shares of the company. CYBER HORNET ETFs LLC grew its position in T-Mobile US by 3.8% in the 3rd quarter. CYBER HORNET ETFs LLC now owns 1,319 shares of the Wireless communications provider's stock valued at $316,000 after buying an additional 48 shares in the last quarter. Meeder Asset Management Inc. raised its position in shares of T-Mobile US by 16.2% during the 4th quarter. Meeder Asset Management Inc. now owns 351 shares of the Wireless communications provider's stock worth $71,000 after buying an additional 49 shares in the last quarter. Wellspring Financial Advisors LLC raised its position in shares of T-Mobile US by 4.3% during the 4th quarter. Wellspring Financial Advisors LLC now owns 1,273 shares of the Wireless communications provider's stock worth $259,000 after buying an additional 52 shares in the last quarter. Essex Financial Services Inc. lifted its stake in shares of T-Mobile US by 3.5% in the 1st quarter. Essex Financial Services Inc. now owns 1,551 shares of the Wireless communications provider's stock worth $326,000 after acquiring an additional 53 shares during the period. Finally, Tcfg Wealth Management LLC lifted its stake in shares of T-Mobile US by 5.6% in the 3rd quarter. Tcfg Wealth Management LLC now owns 999 shares of the Wireless communications provider's stock worth $239,000 after acquiring an additional 53 shares during the period. Institutional investors and hedge funds own 42.49% of the company's stock.

Insider Buying and Selling

In other news, COO Jon Freier sold 4,799 shares of the business's stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $190.00, for a total transaction of $911,810.00. Following the sale, the chief operating officer owned 217,168 shares in the company, valued at $41,261,920. The trade was a 2.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.32% of the company's stock.

T-Mobile US Stock Performance

Shares of NASDAQ TMUS opened at $182.61 on Monday. The stock's fifty day simple moving average is $181.60 and its 200 day simple moving average is $194.27. The stock has a market capitalization of $195.88 billion, a price-to-earnings ratio of 19.12, a PEG ratio of 1.03 and a beta of 0.33. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 1.48. T-Mobile US, Inc. has a 52-week low of $165.66 and a 52-week high of $261.56.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 EPS for the quarter, beating the consensus estimate of $2.59 by $0.40. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.The business had revenue of $22.79 billion during the quarter, compared to the consensus estimate of $22.95 billion. During the same period in the prior year, the business posted $2.84 earnings per share. T-Mobile US's revenue was up 7.9% compared to the same quarter last year. As a group, sell-side analysts forecast that T-Mobile US, Inc. will post 10.73 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 28th will be paid a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $4.08 dividend on an annualized basis and a yield of 2.2%. T-Mobile US's dividend payout ratio is currently 42.72%.

Analysts Set New Price Targets

TMUS has been the topic of a number of research analyst reports. Benchmark lowered their price objective on shares of T-Mobile US from $295.00 to $280.00 and set a "buy" rating on the stock in a research note on Friday, July 24th. Oppenheimer raised T-Mobile US from a "market perform" rating to an "outperform" rating and set a $260.00 price target for the company in a research note on Wednesday, April 29th. Bank of America upgraded T-Mobile US from a "neutral" rating to a "buy" rating and set a $220.00 price target on the stock in a research report on Monday, July 6th. Morgan Stanley dropped their price objective on T-Mobile US from $260.00 to $230.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 7th. Finally, Scotiabank lowered their target price on T-Mobile US from $263.00 to $243.00 and set a "sector outperform" rating on the stock in a report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $252.08.

T-Mobile US Company Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.

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