3,339 Shares in T-Mobile US, Inc. $TMUS Bought by Milestone Asset Management LLC

Milestone Asset Management LLC purchased a new position in T-Mobile US, Inc. (NASDAQ:TMUS) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 3,339 shares of the Wireless communications provider’s stock, valued at approximately $796,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Activest Wealth Management boosted its stake in 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 during the last quarter. Stone House Investment Management LLC acquired a new stake in T-Mobile US during the 1st quarter worth $29,000. TCTC Holdings LLC boosted its stake in 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 during the last quarter. Missouri Trust & Investment Co boosted its stake in 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 during the last quarter. Finally, N.E.W. Advisory Services LLC acquired a new stake in T-Mobile US during the 1st quarter worth $47,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Trading Down 3.2%

NASDAQ TMUS opened at $203.32 on Tuesday. The firm’s 50-day moving average is $234.21 and its two-hundred day moving average is $238.40. T-Mobile US, Inc. has a 12 month low of $202.73 and a 12 month high of $276.49. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.89 and a quick ratio of 0.80. The stock has a market capitalization of $227.41 billion, a P/E ratio of 19.55, a PEG ratio of 1.51 and a beta of 0.59.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 EPS for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $21.61 billion. During the same quarter in the prior year, the company posted $2.61 earnings per share. T-Mobile US’s revenue for the quarter was up 8.9% compared to the same quarter last year. On average, sell-side analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be given a $1.02 dividend. The ex-dividend date of this dividend is Wednesday, November 26th. This is an increase from T-Mobile US’s previous quarterly dividend of $0.88. This represents a $4.08 dividend on an annualized basis and a yield of 2.0%. T-Mobile US’s dividend payout ratio is currently 39.23%.

Analyst Ratings Changes

TMUS has been the topic of several recent research reports. Arete Research raised shares of T-Mobile US to a “strong-buy” rating in a research note on Tuesday, July 8th. HSBC raised shares of T-Mobile US from a “hold” rating to a “buy” rating and set a $285.00 target price on the stock in a research note on Friday, October 24th. Weiss Ratings reissued a “buy (b)” rating on shares of T-Mobile US in a research report on Wednesday, October 8th. DZ Bank reissued a “buy” rating on shares of T-Mobile US in a research report on Tuesday, October 28th. Finally, Rothschild Redb raised shares of T-Mobile US to a “hold” rating in a research report on Tuesday, September 30th. 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 data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $266.63.

Insider Buying and Selling

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the business’s stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $250.87, for a total transaction of $17,520,760.80. Following the sale, the director directly 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 2,252,901 shares of company stock valued at $540,251,450 over the last 90 days. Corporate insiders own 0.37% of the company’s stock.

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.