Richards Merrill & Peterson Inc. Buys 579 Shares of T-Mobile US, Inc. $TMUS

Richards Merrill & Peterson Inc. grew its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 11.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,614 shares of the Wireless communications provider’s stock after acquiring an additional 579 shares during the period. Richards Merrill & Peterson Inc.’s holdings in T-Mobile US were worth $1,338,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Activest Wealth Management grew its stake in T-Mobile US by 9,400.0% in the first 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 lifted its holdings in shares of T-Mobile US by 807.7% in the 2nd quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 105 shares during the period. Stone House Investment Management LLC bought a new position in shares of T-Mobile US during the 1st quarter worth $29,000. TCTC Holdings LLC increased its stake in shares of T-Mobile US by 208.1% during the first quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider’s stock valued at $30,000 after buying an additional 77 shares during the period. Finally, Tsfg LLC bought a new stake in shares of T-Mobile US in the first quarter valued at about $47,000. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Price Performance

Shares of NASDAQ TMUS opened at $217.77 on Friday. T-Mobile US, Inc. has a fifty-two week low of $208.39 and a fifty-two week high of $276.49. The company has a market cap of $245.08 billion, a PE ratio of 20.94, a P/E/G ratio of 1.51 and a beta of 0.59. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.13 and a current ratio of 0.89. The business has a 50-day simple moving average of $239.30 and a two-hundred day simple moving average of $240.66.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 EPS for the quarter, topping analysts’ consensus estimates of $2.40 by $0.01. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. The company had revenue of $21.96 billion during the quarter, compared to analysts’ expectations of $21.61 billion. During the same period last year, the business earned $2.61 EPS. T-Mobile US’s revenue for the quarter was up 8.9% on a year-over-year basis. As a group, equities analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 1.9%. The ex-dividend date is Wednesday, November 26th. This is a boost from T-Mobile US’s previous quarterly dividend of $0.88. T-Mobile US’s dividend payout ratio (DPR) is presently 39.23%.

Insider Buying and Selling at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the company’s stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $250.87, for a total value of $17,520,760.80. Following the sale, the director owned 636,271,724 shares in the company, valued at $159,621,487,399.88. This represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 2,389,677 shares of company stock valued at $575,795,321 over the last quarter. 0.37% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TMUS. Rothschild Redb upgraded shares of T-Mobile US to a “hold” rating in a report on Tuesday, September 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of T-Mobile US in a research note on Friday. KeyCorp reissued an “underweight” rating and issued a $200.00 price objective on shares of T-Mobile US in a research note on Wednesday, July 9th. Barclays lowered their target price on T-Mobile US from $250.00 to $240.00 and set an “overweight” rating for the company in a report on Friday. Finally, Raymond James Financial upgraded T-Mobile US to a “hold” rating in a report on Wednesday, October 1st. Three analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $268.22.

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.