Soltis Investment Advisors LLC Grows Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Soltis Investment Advisors LLC raised its position in T-Mobile US, Inc. (NASDAQ:TMUSFree Report) by 19.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,175 shares of the Wireless communications provider’s stock after acquiring an additional 3,172 shares during the quarter. Soltis Investment Advisors LLC’s holdings in T-Mobile US were worth $2,685,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Softbank Group CORP. grew its holdings in T-Mobile US by 9.0% in the second quarter. Softbank Group CORP. now owns 43,338,209 shares of the Wireless communications provider’s stock worth $6,019,677,000 after purchasing an additional 3,566,400 shares during the period. State Street Corp grew its holdings in T-Mobile US by 3.7% in the second quarter. State Street Corp now owns 24,733,273 shares of the Wireless communications provider’s stock worth $3,435,452,000 after purchasing an additional 874,192 shares during the period. Norges Bank bought a new position in shares of T-Mobile US in the fourth quarter worth approximately $2,801,442,000. Morgan Stanley lifted its stake in shares of T-Mobile US by 18.8% in the fourth quarter. Morgan Stanley now owns 10,984,556 shares of the Wireless communications provider’s stock worth $1,537,838,000 after buying an additional 1,742,108 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of T-Mobile US by 0.7% in the third quarter. Bank of New York Mellon Corp now owns 6,725,113 shares of the Wireless communications provider’s stock worth $902,309,000 after buying an additional 47,956 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Wall Street Analyst Weigh In

TMUS has been the topic of several analyst reports. UBS Group upped their target price on shares of T-Mobile US from $180.00 to $186.00 and gave the stock a “buy” rating in a research note on Wednesday, December 13th. The Goldman Sachs Group increased their price objective on shares of T-Mobile US from $191.00 to $194.00 in a research report on Monday, October 16th. Wells Fargo & Company increased their price objective on shares of T-Mobile US from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Monday, January 22nd. Royal Bank of Canada restated an “outperform” rating and set a $168.00 price objective on shares of T-Mobile US in a research report on Tuesday, January 9th. Finally, KeyCorp lowered their price objective on shares of T-Mobile US from $183.00 to $175.00 and set an “overweight” rating on the stock in a research report on Friday, January 26th. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $183.87.

Read Our Latest Report on TMUS

T-Mobile US Price Performance

Shares of TMUS stock traded down $0.45 on Monday, hitting $161.33. 1,013,416 shares of the stock traded hands, compared to its average volume of 4,965,805. The firm has a market cap of $186.57 billion, a price-to-earnings ratio of 23.34, a PEG ratio of 0.60 and a beta of 0.50. T-Mobile US, Inc. has a 52 week low of $124.92 and a 52 week high of $165.95. The firm has a 50 day simple moving average of $159.06 and a two-hundred day simple moving average of $147.11. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.91 and a quick ratio of 0.83.

T-Mobile US (NASDAQ:TMUSGet Free Report) last announced its quarterly earnings results on Thursday, January 25th. The Wireless communications provider reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.23). The company had revenue of $20.48 billion during the quarter, compared to the consensus estimate of $19.67 billion. T-Mobile US had a net margin of 10.59% and a return on equity of 12.69%. The business’s revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.18 earnings per share. As a group, equities research analysts predict that T-Mobile US, Inc. will post 9.24 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 14th. Shareholders of record on Friday, March 1st will be issued a $0.65 dividend. The ex-dividend date of this dividend is Thursday, February 29th. This represents a $2.60 dividend on an annualized basis and a yield of 1.61%. T-Mobile US’s dividend payout ratio is currently 37.52%.

Insiders Place Their Bets

In other T-Mobile US news, CAO Dara Bazzano sold 3,953 shares of T-Mobile US stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $159.95, for a total value of $632,282.35. Following the completion of the transaction, the chief accounting officer now directly owns 6,924 shares of the company’s stock, valued at approximately $1,107,493.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Telekom Ag Deutsche sold 194,910 shares of T-Mobile US stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $161.40, for a total transaction of $31,458,474.00. Following the completion of the transaction, the director now directly owns 689,541,011 shares of the company’s stock, valued at approximately $111,291,919,175.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Dara Bazzano sold 3,953 shares of T-Mobile US stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $159.95, for a total transaction of $632,282.35. Following the transaction, the chief accounting officer now directly owns 6,924 shares of the company’s stock, valued at $1,107,493.80. The disclosure for this sale can be found here. Insiders sold 2,506,592 shares of company stock valued at $405,996,241 in the last three months. Corporate insiders own 0.70% of the company’s stock.

T-Mobile US Profile

(Free Report)

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; leasing through JUMP! On Demand; and High Speed Internet services.

Featured Articles

Institutional Ownership by Quarter for T-Mobile US (NASDAQ:TMUS)

Receive News & Ratings for T-Mobile US Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for T-Mobile US and related companies with MarketBeat.com's FREE daily email newsletter.