Raymond James Financial Services Advisors Inc. Raises Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Raymond James Financial Services Advisors Inc. increased its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 29.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 306,331 shares of the Wireless communications provider's stock after purchasing an additional 68,850 shares during the quarter. Raymond James Financial Services Advisors Inc.'s holdings in T-Mobile US were worth $49,999,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of TMUS. BluePath Capital Management LLC bought a new position in T-Mobile US in the 3rd quarter valued at $26,000. Private Wealth Management Group LLC bought a new position in shares of T-Mobile US during the 4th quarter worth $27,000. Valley National Advisers Inc. grew its position in shares of T-Mobile US by 232.1% during the 4th quarter. Valley National Advisers Inc. now owns 176 shares of the Wireless communications provider's stock worth $28,000 after buying an additional 123 shares in the last quarter. Westside Investment Management Inc. grew its position in shares of T-Mobile US by 75.8% during the 1st quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider's stock worth $28,000 after buying an additional 75 shares in the last quarter. Finally, Baker Avenue Asset Management LP grew its position in shares of T-Mobile US by 63.3% during the 3rd quarter. Baker Avenue Asset Management LP now owns 209 shares of the Wireless communications provider's stock worth $29,000 after buying an additional 81 shares in the last quarter. Institutional investors own 42.49% of the company's stock.

Insider Activity at T-Mobile US

In related news, Director Teresa Taylor sold 12,022 shares of T-Mobile US stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $161.80, for a total transaction of $1,945,159.60. Following the completion of the transaction, the director now directly owns 13,014 shares in the company, valued at $2,105,665.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other T-Mobile US news, CEO G Michael Sievert sold 40,000 shares of the company's stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $161.05, for a total transaction of $6,442,000.00. Following the sale, the chief executive officer now owns 496,036 shares in the company, valued at approximately $79,886,597.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Teresa Taylor sold 12,022 shares of the company's stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $161.80, for a total value of $1,945,159.60. Following the completion of the sale, the director now directly owns 13,014 shares of the company's stock, valued at $2,105,665.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,980,169 shares of company stock worth $970,759,660. 0.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Royal Bank of Canada upped their price objective on T-Mobile US from $184.00 to $188.00 and gave the stock an "outperform" rating in a research note on Friday, April 26th. TD Cowen decreased their price objective on T-Mobile US from $204.00 to $202.00 and set a "buy" rating for the company in a research note on Friday, April 26th. Tigress Financial upped their price objective on T-Mobile US from $204.00 to $205.00 and gave the stock a "buy" rating in a research note on Thursday, February 8th. Raymond James upped their price objective on T-Mobile US from $180.00 to $185.00 and gave the stock a "strong-buy" rating in a research note on Friday, January 26th. Finally, Oppenheimer restated an "outperform" rating and set a $190.00 price objective on shares of T-Mobile US in a research note on Wednesday, April 3rd. One research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $186.33.

T-Mobile US Stock Performance

Shares of T-Mobile US stock traded down $0.56 on Thursday, reaching $164.91. 3,448,883 shares of the stock were exchanged, compared to its average volume of 4,550,271. The company has a quick ratio of 0.86, a current ratio of 0.94 and a debt-to-equity ratio of 1.25. T-Mobile US, Inc. has a twelve month low of $124.92 and a twelve month high of $168.64. The firm has a market capitalization of $193.25 billion, a price-to-earnings ratio of 22.44, a PEG ratio of 0.64 and a beta of 0.48. The business has a 50 day moving average price of $162.68 and a two-hundred day moving average price of $157.61.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 EPS for the quarter, topping analysts' consensus estimates of $1.83 by $0.17. The firm had revenue of $19.59 billion during the quarter, compared to the consensus estimate of $19.81 billion. T-Mobile US had a return on equity of 13.61% and a net margin of 11.15%. The company's revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.58 earnings per share. Analysts anticipate that T-Mobile US, Inc. will post 9 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Friday, May 31st will be given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 1.58%. The ex-dividend date is Friday, May 31st. T-Mobile US's dividend payout ratio is currently 35.37%.

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.

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