U.S. Capital Wealth Advisors LLC Buys 14,077 Shares of T-Mobile US, Inc. $TMUS

Key Points

• U.S. Capital Wealth Advisors LLC significantly increased its holdings in T-Mobile US by 1,110.2%, acquiring an additional 14,077 shares, bringing its total ownership to 15,345 shares worth approximately $3.66 million.
• Several other hedge funds also boosted their stakes in T-Mobile US, including Wellington Management Group and Goldman Sachs, indicating strong institutional investor interest in the company.
• T-Mobile US recently declared a quarterly dividend of $1.02 per share, an increase from the prior dividend, reflecting its commitment to returning value to shareholders.

U.S. Capital Wealth Advisors LLC boosted its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 1,110.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,345 shares of the Wireless communications provider's stock after purchasing an additional 14,077 shares during the quarter. U.S. Capital Wealth Advisors LLC's holdings in T-Mobile US were worth $3,656,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Wellington Management Group LLP increased its holdings in T-Mobile US by 1.7% in the first quarter. Wellington Management Group LLP now owns 12,846,939 shares of the Wireless communications provider's stock worth $3,426,407,000 after purchasing an additional 214,224 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in T-Mobile US by 14.3% in the first quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider's stock worth $1,837,399,000 after purchasing an additional 864,030 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in T-Mobile US by 25.4% in the first quarter. Goldman Sachs Group Inc. now owns 4,172,644 shares of the Wireless communications provider's stock worth $1,112,886,000 after purchasing an additional 844,932 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in T-Mobile US by 4.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,050,797 shares of the Wireless communications provider's stock worth $1,080,388,000 after purchasing an additional 169,562 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in T-Mobile US by 2.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,295,432 shares of the Wireless communications provider's stock worth $878,925,000 after purchasing an additional 65,394 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors.

Insider Activity at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the company's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $238.08, for a total transaction of $16,627,507.20. Following the transaction, the director owned 647,660,844 shares of the company's stock, valued at $154,195,093,739.52. This represents a 0.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders sold 2,606,300 shares of company stock worth $627,710,011. 0.37% of the stock is owned by corporate insiders.

T-Mobile US Stock Down 0.3%

TMUS stock opened at $237.55 on Tuesday. The stock's fifty day simple moving average is $244.07 and its two-hundred day simple moving average is $245.35. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33. T-Mobile US, Inc. has a 1-year low of $198.69 and a 1-year high of $276.49. The stock has a market cap of $267.35 billion, a P/E ratio of 22.41, a P/E/G ratio of 1.31 and a beta of 0.61.

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 earnings per share for the quarter, topping the consensus estimate of $2.69 by $0.15. The business had revenue of $21.13 billion for 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 business's revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.49 earnings per share. Analysts expect 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. Stockholders of record on Wednesday, November 26th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.7%. This is a boost from T-Mobile US's previous quarterly dividend of $0.88. T-Mobile US's payout ratio is currently 33.21%.

Analyst Ratings Changes

A number of brokerages have weighed in on TMUS. Royal Bank Of Canada lifted their target price on T-Mobile US from $265.00 to $270.00 and gave the stock a "sector perform" rating in a 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 report on Monday, July 7th. KeyCorp reissued an "underweight" rating and issued a $200.00 price objective on shares of T-Mobile US in a research note on Wednesday, July 9th. Arete Research raised T-Mobile US to a "strong-buy" rating in a research note on Tuesday, July 8th. Finally, Bank of America assumed coverage on T-Mobile US in a research note 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 given a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $258.02.

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.

Want to see what other hedge funds are holding TMUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for T-Mobile US, Inc. (NASDAQ:TMUS - Free Report).

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.