Moss Adams Wealth Advisors LLC Makes New $427,000 Investment in T-Mobile US, Inc. (NASDAQ:TMUS)

Moss Adams Wealth Advisors LLC purchased a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 2,068 shares of the Wireless communications provider’s stock, valued at approximately $427,000.

Other institutional investors have also made changes to their positions in the company. GSA Capital Partners LLP acquired a new stake in shares of T-Mobile US in the first quarter worth $1,908,000. CFO4Life Group LLC acquired a new position in shares of T-Mobile US in the first quarter valued at $932,000. NewEdge Advisors LLC boosted its stake in T-Mobile US by 13.6% during the second quarter. NewEdge Advisors LLC now owns 211,059 shares of the Wireless communications provider’s stock worth $37,184,000 after buying an additional 25,217 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of T-Mobile US by 26.3% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 20,438 shares of the Wireless communications provider’s stock valued at $3,336,000 after buying an additional 4,253 shares in the last quarter. Finally, Findlay Park Partners LLP boosted its position in shares of T-Mobile US by 6.0% during the 1st quarter. Findlay Park Partners LLP now owns 1,882,607 shares of the Wireless communications provider’s stock valued at $307,279,000 after acquiring an additional 107,100 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors.

T-Mobile US Stock Up 0.6 %

Shares of NASDAQ TMUS opened at $223.21 on Friday. T-Mobile US, Inc. has a 52-week low of $136.85 and a 52-week high of $223.45. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.78 and a current ratio of 0.84. The stock has a market cap of $261.57 billion, a P/E ratio of 30.37, a P/E/G ratio of 1.12 and a beta of 0.51. The firm has a 50 day moving average price of $203.23 and a 200 day moving average price of $183.05.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.22. The company had revenue of $19.77 billion during the quarter, compared to analyst estimates of $19.61 billion. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The firm’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.86 EPS. Analysts expect that T-Mobile US, Inc. will post 9.14 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 12th. Stockholders of record on Wednesday, November 27th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend is Wednesday, November 27th. This is a boost from T-Mobile US’s previous quarterly dividend of $0.65. T-Mobile US’s payout ratio is 47.89%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on TMUS shares. Deutsche Bank Aktiengesellschaft upped their price objective on T-Mobile US from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Tigress Financial upped their price objective on shares of T-Mobile US from $205.00 to $235.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. Wells Fargo & Company increased their price target on T-Mobile US from $200.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, September 12th. Scotiabank lowered T-Mobile US from a “sector outperform” rating to a “sector perform” rating and raised their target price for the company from $215.50 to $236.00 in a research note on Friday. Finally, Royal Bank of Canada raised their price objective on shares of T-Mobile US from $200.00 to $232.00 and gave the company an “outperform” rating in a research report on Friday, September 27th. One investment analyst has rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, T-Mobile US has a consensus rating of “Buy” and an average price target of $217.50.

Insider Activity at T-Mobile US

In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of T-Mobile US stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $194.57, for a total value of $3,891,400.00. Following the transaction, the chief executive officer now owns 418,124 shares of the company’s stock, valued at approximately $81,354,386.68. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO G Michael Sievert sold 20,000 shares of the business’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $194.57, for a total value of $3,891,400.00. Following the sale, the chief executive officer now directly owns 418,124 shares in the company, valued at $81,354,386.68. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Deeanne King sold 15,437 shares of the stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $190.00, for a total value of $2,933,030.00. Following the transaction, the executive vice president now owns 35,588 shares of the company’s stock, valued at approximately $6,761,720. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 349,261 shares of company stock worth $69,411,130. 0.67% of the stock is owned by company insiders.

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.