Turtle Creek Wealth Advisors LLC Buys New Position in T-Mobile US, Inc. $TMUS

Turtle Creek Wealth Advisors LLC bought a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 1,142 shares of the Wireless communications provider’s stock, valued at approximately $272,000.

A number of other institutional investors have also recently made changes to their positions in the stock. GAMMA Investing LLC lifted its holdings in shares of T-Mobile US by 10.2% during the 1st quarter. GAMMA Investing LLC now owns 11,449 shares of the Wireless communications provider’s stock worth $3,054,000 after acquiring an additional 1,059 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in T-Mobile US by 1.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 559,131 shares of the Wireless communications provider’s stock worth $149,126,000 after purchasing an additional 5,957 shares during the last quarter. Insigneo Advisory Services LLC boosted its holdings in shares of T-Mobile US by 22.0% in the 1st quarter. Insigneo Advisory Services LLC now owns 1,911 shares of the Wireless communications provider’s stock worth $510,000 after purchasing an additional 344 shares in the last quarter. Kingswood Wealth Advisors LLC increased its position in shares of T-Mobile US by 31.8% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 2,824 shares of the Wireless communications provider’s stock valued at $753,000 after purchasing an additional 681 shares during the last quarter. Finally, CWA Asset Management Group LLC raised its holdings in shares of T-Mobile US by 55.1% during the 1st quarter. CWA Asset Management Group LLC now owns 2,952 shares of the Wireless communications provider’s stock valued at $787,000 after buying an additional 1,049 shares in the last quarter. Institutional investors own 42.49% of the company’s stock.

Insider Activity

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the company’s stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $232.63, for a total transaction of $16,246,879.20. Following the completion of the transaction, the director owned 646,822,764 shares in the company, valued at $150,470,379,589.32. This represents a 0.01% 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. Insiders sold 2,348,493 shares of company stock worth $568,431,000 over the last 90 days. 0.37% of the stock is currently owned by insiders.

T-Mobile US Trading Down 0.1%

Shares of TMUS opened at $226.45 on Friday. The stock has a market capitalization of $254.85 billion, a P/E ratio of 21.36, a PEG ratio of 1.55 and a beta of 0.59. T-Mobile US, Inc. has a twelve month low of $208.39 and a twelve month high of $276.49. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33. The firm has a fifty day simple moving average of $242.27 and a two-hundred day simple moving average of $241.96.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data 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 firm had revenue of $21.13 billion for the quarter, compared to analysts’ expectations of $20.99 billion. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.49 earnings per share. On average, research analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be given a $1.02 dividend. The ex-dividend date is Wednesday, November 26th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.8%. This is an increase from T-Mobile US’s previous quarterly dividend of $0.88. T-Mobile US’s dividend payout ratio is 33.21%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TMUS. The Goldman Sachs Group initiated coverage on T-Mobile US in a research note on Tuesday, September 2nd. They issued a “buy” rating and a $286.00 target price for the company. Wolfe Research cut their price objective on shares of T-Mobile US from $300.00 to $290.00 and set an “outperform” rating for the company in a research note on Tuesday, September 30th. Redburn Atlantic raised shares of T-Mobile US from a “strong sell” rating to a “hold” rating and set a $228.00 target price on the stock in a report on Monday, July 7th. Rothschild & Co Redburn raised shares of T-Mobile US from a “sell” rating to a “neutral” rating and set a $228.00 price target for the company in a research note on Monday, July 7th. Finally, Royal Bank Of Canada upgraded shares of T-Mobile US from a “sector perform” rating to an “outperform” rating and set a $270.00 price target for the company in a research report on Tuesday. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $266.17.

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.