Balboa Wealth Partners Raises Stake in T-Mobile US, Inc. $TMUS

Balboa Wealth Partners grew its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUSFree Report) by 37.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,241 shares of the Wireless communications provider’s stock after purchasing an additional 338 shares during the period. Balboa Wealth Partners’ holdings in T-Mobile US were worth $296,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Activest Wealth Management boosted its position in shares of T-Mobile US by 9,400.0% during the 1st quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 94 shares in the last quarter. Missouri Trust & Investment Co boosted its position in shares of T-Mobile US by 807.7% during the 2nd quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 105 shares in the last quarter. Stone House Investment Management LLC purchased a new stake in shares of T-Mobile US during the 1st quarter worth $29,000. TCTC Holdings LLC boosted its position in shares of T-Mobile US by 208.1% during the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider’s stock worth $30,000 after purchasing an additional 77 shares in the last quarter. Finally, Tsfg LLC purchased a new stake in shares of T-Mobile US during the 1st quarter worth $47,000. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the company’s stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $232.63, for a total value of $16,246,879.20. Following the transaction, the director directly owned 646,822,764 shares in the company, valued at approximately $150,470,379,589.32. This represents a 0.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders have sold 2,343,079 shares of company stock valued at $566,860,634. 0.37% of the stock is currently owned by corporate insiders.

T-Mobile US Price Performance

NASDAQ:TMUS opened at $230.09 on Tuesday. The firm has a market cap of $258.95 billion, a price-to-earnings ratio of 21.71, a price-to-earnings-growth ratio of 1.57 and a beta of 0.59. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33. The company’s 50-day moving average is $241.58 and its two-hundred day moving average is $241.22. T-Mobile US, Inc. has a 12-month low of $208.39 and a 12-month high of $276.49.

T-Mobile US (NASDAQ:TMUSGet Free Report) last released its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.69 by $0.15. The company had revenue of $21.13 billion for the quarter, compared to analyst estimates of $20.99 billion. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the firm earned $2.49 EPS. Research 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 announced a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be issued a $1.02 dividend. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.88. The ex-dividend date is Wednesday, November 26th. This represents a $4.08 dividend on an annualized basis and a yield of 1.8%. T-Mobile US’s payout ratio is currently 33.21%.

Analysts Set New Price Targets

TMUS has been the topic of several research analyst reports. Arete Research upgraded shares of T-Mobile US to a “strong-buy” rating in a research report on Tuesday, July 8th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of T-Mobile US from $280.00 to $300.00 in a research report on Thursday, October 2nd. BNP Paribas Exane boosted their price objective on shares of T-Mobile US from $290.00 to $305.00 and gave the stock an “outperform” rating in a research report on Monday, October 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of T-Mobile US in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of T-Mobile US from $280.00 to $300.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 30th. Three analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $266.17.

Get Our Latest Report on T-Mobile US

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; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.

See Also

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

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