7,897 Shares in T-Mobile US, Inc. $TMUS Acquired by McKinley Carter Wealth Services Inc.

McKinley Carter Wealth Services Inc. purchased a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the second quarter, Holdings Channel reports. The firm purchased 7,897 shares of the Wireless communications provider’s stock, valued at approximately $1,882,000.

A number of other large investors have also added to or reduced their stakes in the stock. Coordinated Financial Services Inc. acquired a new stake in T-Mobile US during the second quarter worth approximately $619,000. IFP Advisors Inc boosted its holdings in shares of T-Mobile US by 224.7% in the 2nd quarter. IFP Advisors Inc now owns 15,295 shares of the Wireless communications provider’s stock valued at $3,718,000 after purchasing an additional 10,584 shares in the last quarter. Callan Family Office LLC boosted its holdings in shares of T-Mobile US by 190.5% in the 2nd quarter. Callan Family Office LLC now owns 31,500 shares of the Wireless communications provider’s stock valued at $7,505,000 after purchasing an additional 20,658 shares in the last quarter. Blair William & Co. IL boosted its holdings in shares of T-Mobile US by 9.4% in the 2nd quarter. Blair William & Co. IL now owns 11,239 shares of the Wireless communications provider’s stock valued at $2,678,000 after purchasing an additional 970 shares in the last quarter. Finally, Mainstay Capital Management LLC ADV boosted its holdings in shares of T-Mobile US by 118.3% in the 2nd quarter. Mainstay Capital Management LLC ADV now owns 1,672 shares of the Wireless communications provider’s stock valued at $398,000 after purchasing an additional 906 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Stock Performance

TMUS stock opened at $226.21 on Friday. The stock has a 50-day moving average price of $243.52 and a 200-day moving average price of $243.23. T-Mobile US, Inc. has a 1-year low of $208.39 and a 1-year high of $276.49. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33. The firm has a market cap of $254.58 billion, a PE ratio of 21.34, a price-to-earnings-growth ratio of 1.48 and a beta of 0.59.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.69 by $0.15. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The firm had revenue of $21.13 billion during the quarter, compared to analyst estimates of $20.99 billion. During the same period last year, the company posted $2.49 EPS. The business’s quarterly revenue was up 6.9% on a year-over-year basis. As a group, equities research analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share 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. This is a boost from T-Mobile US’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a $4.08 annualized dividend and a dividend yield of 1.8%. T-Mobile US’s dividend payout ratio is 38.49%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. BNP Paribas Exane raised their target price on T-Mobile US from $290.00 to $305.00 and gave the company an “outperform” rating in a report on Monday. JPMorgan Chase & Co. raised their target price on T-Mobile US from $280.00 to $300.00 and gave the company an “overweight” rating in a report on Tuesday, September 30th. Scotiabank raised their target price on T-Mobile US from $271.50 to $278.00 and gave the company a “sector outperform” rating in a report on Monday. Raymond James Financial raised T-Mobile US to a “hold” rating in a report on Wednesday, October 1st. Finally, Arete Research upgraded T-Mobile US to a “strong-buy” rating in a research note on Tuesday, July 8th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have issued a Hold rating and one has given 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 $264.29.

Insider Buying and Selling at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the firm’s stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $232.63, for a total value of $16,246,879.20. Following the completion of the sale, the director directly owned 646,822,764 shares in the company, valued at $150,470,379,589.32. This trade represents a 0.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Over the last three months, insiders sold 2,434,575 shares of company stock valued at $588,274,010. Company insiders own 0.37% of the company’s stock.

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.