Fifth Third Wealth Advisors LLC Boosts Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Fifth Third Wealth Advisors LLC grew its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 9.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 17,073 shares of the Wireless communications provider’s stock after buying an additional 1,478 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in T-Mobile US were worth $3,768,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. American Century Companies Inc. boosted its position in T-Mobile US by 22.7% during the second quarter. American Century Companies Inc. now owns 301,943 shares of the Wireless communications provider’s stock worth $53,196,000 after acquiring an additional 55,801 shares during the last quarter. Thoroughbred Financial Services LLC acquired a new position in shares of T-Mobile US during the 2nd quarter worth approximately $323,000. Oppenheimer Asset Management Inc. grew its position in shares of T-Mobile US by 7.6% in the second quarter. Oppenheimer Asset Management Inc. now owns 20,632 shares of the Wireless communications provider’s stock valued at $3,635,000 after purchasing an additional 1,453 shares in the last quarter. Brown Brothers Harriman & Co. increased its holdings in shares of T-Mobile US by 547.8% in the second quarter. Brown Brothers Harriman & Co. now owns 3,848 shares of the Wireless communications provider’s stock valued at $678,000 after purchasing an additional 3,254 shares during the last quarter. Finally, Moors & Cabot Inc. lifted its position in T-Mobile US by 108.1% during the second quarter. Moors & Cabot Inc. now owns 3,637 shares of the Wireless communications provider’s stock worth $641,000 after buying an additional 1,889 shares in the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO G Michael Sievert sold 20,000 shares of T-Mobile US stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $237.73, for a total value of $4,754,600.00. Following the completion of the transaction, the chief executive officer now owns 378,124 shares in the company, valued at $89,891,418.52. The trade was a 5.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Andre Almeida acquired 3,808 shares of the company’s stock in a transaction on Monday, December 9th. The stock was purchased at an average cost of $235.72 per share, for a total transaction of $897,621.76. Following the completion of the transaction, the director now owns 3,808 shares in the company, valued at approximately $897,621.76. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders sold 164,200 shares of company stock worth $37,407,303. 0.67% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on TMUS shares. Benchmark upped their target price on T-Mobile US from $250.00 to $255.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Raymond James cut shares of T-Mobile US from an “outperform” rating to a “market perform” rating in a research report on Friday, October 25th. Daiwa America upgraded shares of T-Mobile US to a “hold” rating in a report on Friday, October 25th. Oppenheimer raised their price target on shares of T-Mobile US from $215.00 to $250.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, BNP Paribas upgraded T-Mobile US to a “strong-buy” rating in a report on Friday, October 25th. Seven analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $245.74.

T-Mobile US Trading Up 0.3 %

Shares of TMUS stock opened at $214.18 on Wednesday. The stock has a market capitalization of $248.55 billion, a P/E ratio of 24.42, a price-to-earnings-growth ratio of 1.18 and a beta of 0.56. T-Mobile US, Inc. has a fifty-two week low of $158.84 and a fifty-two week high of $248.15. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.08. The company has a 50 day moving average price of $229.93 and a 200 day moving average price of $209.91.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, topping the consensus estimate of $2.32 by $0.29. The business had revenue of $20.16 billion during the quarter, compared to the consensus estimate of $20.01 billion. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.82 earnings per share. Equities research analysts predict that T-Mobile US, Inc. will post 9.38 EPS 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 13th. Shareholders of record on Friday, February 28th will be given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date is Friday, February 28th. T-Mobile US’s dividend payout ratio is currently 40.14%.

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.