Vident Advisory LLC Acquires 13,932 Shares of T-Mobile US, Inc. $TMUS

Key Points

• Vident Advisory LLC increased its holdings in T-Mobile US, Inc. by 13.4%, owning a total of 118,242 shares valued at approximately $31.54 million as of the end of the most recent reporting period.
• In the last 90 days, insiders have sold 2.35 million shares of T-Mobile US stock, totaling around $557.8 million, with a notable sale of 69,840 shares by Director Telekom Ag Deutsche.
• The company recently reported a quarterly earnings per share of $2.84, surpassing analyst expectations, with a revenue of $21.13 billion for the quarter, reflecting a 6.9% increase year-over-year.

Vident Advisory LLC lifted its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 13.4% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 118,242 shares of the Wireless communications provider's stock after purchasing an additional 13,932 shares during the period. Vident Advisory LLC's holdings in T-Mobile US were worth $31,537,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TMUS. Ancora Advisors LLC grew its holdings in T-Mobile US by 16.6% during the 4th quarter. Ancora Advisors LLC now owns 260 shares of the Wireless communications provider's stock worth $57,000 after acquiring an additional 37 shares during the last quarter. Snowden Capital Advisors LLC lifted its position in shares of T-Mobile US by 0.6% during the fourth quarter. Snowden Capital Advisors LLC now owns 6,394 shares of the Wireless communications provider's stock worth $1,411,000 after purchasing an additional 40 shares in the last quarter. Financial Management Professionals Inc. grew its stake in shares of T-Mobile US by 15.6% during the first quarter. Financial Management Professionals Inc. now owns 303 shares of the Wireless communications provider's stock valued at $81,000 after purchasing an additional 41 shares during the last quarter. Hohimer Wealth Management LLC increased its holdings in shares of T-Mobile US by 2.3% in the first quarter. Hohimer Wealth Management LLC now owns 1,800 shares of the Wireless communications provider's stock valued at $480,000 after purchasing an additional 41 shares in the last quarter. Finally, Journey Strategic Wealth LLC increased its holdings in shares of T-Mobile US by 4.2% in the first quarter. Journey Strategic Wealth LLC now owns 1,022 shares of the Wireless communications provider's stock valued at $273,000 after purchasing an additional 41 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at T-Mobile US

In other news, CEO G Michael Sievert sold 22,500 shares of the business's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $255.58, for a total value of $5,750,550.00. Following the completion of the transaction, the chief executive officer owned 358,722 shares of the company's stock, valued at $91,682,168.76. The trade was a 5.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Telekom Ag Deutsche sold 69,840 shares of the company's stock in a transaction on Friday, August 29th. The shares were sold at an average price of $251.23, for a total transaction of $17,545,903.20. Following the completion of the sale, the director owned 635,503,484 shares of the company's stock, valued at approximately $159,657,540,285.32. This represents a 0.01% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,418,410 shares of company stock valued at $575,342,737. Corporate insiders own 0.37% of the company's stock.

T-Mobile US Trading Up 0.6%

Shares of T-Mobile US stock traded up $1.43 during trading on Friday, reaching $251.99. 3,203,054 shares of the company were exchanged, compared to its average volume of 3,931,088. The business has a 50-day moving average price of $240.80 and a 200-day moving average price of $247.85. The firm has a market capitalization of $283.59 billion, a price-to-earnings ratio of 23.77, a P/E/G ratio of 1.38 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. T-Mobile US, Inc. has a twelve month low of $192.61 and a twelve month high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.69 by $0.15. The firm 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 company's quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.49 earnings per share. Sell-side analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS 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 11th. Investors of record on Friday, August 29th will be issued a dividend of $0.88 per share. The ex-dividend date is Friday, August 29th. This represents a $3.52 dividend on an annualized basis and a yield of 1.4%. T-Mobile US's payout ratio is currently 33.21%.

Wall Street Analyst Weigh In

Several research firms have issued reports on TMUS. Redburn Atlantic raised T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price objective on the stock in a report on Monday, July 7th. Wall Street Zen downgraded T-Mobile US from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Bank of America started coverage on T-Mobile US in a report on Monday, July 7th. They issued a "neutral" rating and a $255.00 price target on the stock. Royal Bank Of Canada lifted their price objective 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. Finally, KeyCorp reissued an "underweight" rating and set a $200.00 price objective on shares of T-Mobile US in a report on Wednesday, July 9th. Three 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 assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $256.31.

T-Mobile US Company 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.