Simon Quick Advisors LLC Has $1.20 Million Stake in T-Mobile US, Inc. $TMUS

Simon Quick Advisors LLC boosted its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 27.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,053 shares of the Wireless communications provider’s stock after purchasing an additional 1,091 shares during the quarter. Simon Quick Advisors LLC’s holdings in T-Mobile US were worth $1,204,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Golden State Wealth Management LLC raised its position in shares of T-Mobile US by 68.3% in the 1st quarter. Golden State Wealth Management LLC now owns 345 shares of the Wireless communications provider’s stock valued at $92,000 after buying an additional 140 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of T-Mobile US in the 1st quarter valued at approximately $249,000. Clear Creek Financial Management LLC acquired a new position in shares of T-Mobile US in the 1st quarter valued at approximately $256,000. DAVENPORT & Co LLC raised its position in shares of T-Mobile US by 42.7% in the 1st quarter. DAVENPORT & Co LLC now owns 52,298 shares of the Wireless communications provider’s stock valued at $13,948,000 after buying an additional 15,652 shares in the last quarter. Finally, Aaron Wealth Advisors LLC raised its position in shares of T-Mobile US by 11.3% in the 1st quarter. Aaron Wealth Advisors LLC now owns 2,485 shares of the Wireless communications provider’s stock valued at $663,000 after buying an additional 253 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insiders Place Their Bets

In other T-Mobile US news, Director Telekom Ag Deutsche sold 53,507 shares of the business’s stock in a transaction that occurred on Tuesday, October 28th. The shares were sold at an average price of $220.77, for a total transaction of $11,812,740.39. Following the sale, the director directly owned 582,067,249 shares of the company’s stock, valued at $128,502,986,561.73. The trade was a 0.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders have sold 2,321,367 shares of company stock worth $556,657,060. Insiders own 0.37% of the company’s stock.

T-Mobile US Trading Down 2.0%

Shares of T-Mobile US stock opened at $210.65 on Friday. The firm has a market capitalization of $235.61 billion, a PE ratio of 20.25, a price-to-earnings-growth ratio of 1.51 and a beta of 0.59. The company has a current ratio of 0.89, a quick ratio of 0.80 and a debt-to-equity ratio of 1.37. The firm’s 50 day moving average is $236.02 and its 200 day moving average is $239.52. T-Mobile US, Inc. has a 1 year low of $208.39 and a 1 year high of $276.49.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $21.61 billion. During the same period in the previous year, the firm posted $2.61 EPS. The firm’s revenue was up 8.9% on a year-over-year basis. Equities research analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The firm 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 dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, November 26th. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.88. T-Mobile US’s payout ratio is presently 39.23%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Rothschild Redb upgraded shares of T-Mobile US to a “hold” rating in a research report on Tuesday, September 30th. Bank of America assumed coverage on shares of T-Mobile US in a research report on Monday, July 7th. They issued a “neutral” rating and a $255.00 target price for the company. Williams Trading set a $263.00 target price on shares of T-Mobile US in a research report on Friday, October 24th. Scotiabank lifted their price target on shares of T-Mobile US from $271.50 to $278.00 and gave the company a “sector outperform” rating in a report on Monday, October 6th. Finally, Arete Research raised shares of T-Mobile US to a “strong-buy” rating in a report on Tuesday, July 8th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $266.63.

T-Mobile US 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.