River Wealth Advisors LLC Purchases 4,157 Shares of T-Mobile US, Inc. $TMUS

River Wealth Advisors LLC raised its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 7.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 62,234 shares of the Wireless communications provider’s stock after purchasing an additional 4,157 shares during the period. T-Mobile US makes up about 1.8% of River Wealth Advisors LLC’s investment portfolio, making the stock its 16th largest holding. River Wealth Advisors LLC’s holdings in T-Mobile US were worth $14,828,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Activest Wealth Management lifted 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 valued at $25,000 after acquiring an additional 94 shares during the period. Stone House Investment Management LLC purchased a new position in shares of T-Mobile US during the first quarter valued at approximately $29,000. Missouri Trust & Investment Co lifted its position in T-Mobile US by 807.7% during the second quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 105 shares during the period. Aspect Partners LLC boosted its holdings in T-Mobile US by 112.1% in the second quarter. Aspect Partners LLC now owns 123 shares of the Wireless communications provider’s stock worth $29,000 after purchasing an additional 65 shares during the last quarter. Finally, Legacy Investment Solutions LLC purchased a new stake in T-Mobile US in the second quarter worth approximately $39,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Performance

Shares of NASDAQ TMUS opened at $210.13 on Wednesday. The stock has a market cap of $235.03 billion, a PE ratio of 20.20, a price-to-earnings-growth ratio of 1.51 and a beta of 0.57. T-Mobile US, Inc. has a 1 year low of $199.41 and a 1 year high of $276.49. The firm has a fifty day moving average price of $219.08 and a 200-day moving average price of $232.80. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.89 and a quick ratio of 0.80.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.40 by $0.01. The company had revenue of $21.96 billion during the quarter, compared to the consensus estimate of $21.61 billion. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. T-Mobile US’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.61 EPS. Equities analysts anticipate 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. Investors of record on Wednesday, November 26th will be paid a dividend of $1.02 per share. 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 yield of 1.9%. T-Mobile US’s dividend payout ratio is 39.23%.

Insider Buying and Selling

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the company’s stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $240.08, for a total value of $16,767,187.20. Following the completion of the transaction, the director directly owned 635,014,604 shares in the company, valued at $152,454,306,128.32. This represents a 0.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last 90 days, insiders sold 1,509,661 shares of company stock valued at $351,691,810. 0.37% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on TMUS shares. TD Cowen lowered their price target on T-Mobile US from $291.00 to $263.00 and set a “buy” rating on the stock in a report on Friday, October 24th. Morgan Stanley lowered their target price on T-Mobile US from $285.00 to $280.00 and set an “overweight” rating on the stock in a report on Friday, October 24th. Rothschild Redb upgraded T-Mobile US to a “hold” rating in a research note on Tuesday, September 30th. BNP Paribas Exane increased their price objective on shares of T-Mobile US from $290.00 to $305.00 and gave the stock an “outperform” rating in a research note on Monday, October 6th. Finally, Hsbc Global Res upgraded shares of T-Mobile US from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 24th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to MarketBeat.com, T-Mobile US has an average rating of “Moderate Buy” and a consensus price target of $266.83.

About T-Mobile US

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.