T-Mobile US, Inc. $TMUS Shares Purchased by Relyea Zuckerberg Hanson LLC

Relyea Zuckerberg Hanson LLC increased its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 5.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,452 shares of the Wireless communications provider’s stock after acquiring an additional 74 shares during the quarter. Relyea Zuckerberg Hanson LLC’s holdings in T-Mobile US were worth $346,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Activest Wealth Management increased its stake in shares of T-Mobile US by 9,400.0% during the first quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 94 shares in the last quarter. Missouri Trust & Investment Co boosted its holdings in T-Mobile US by 807.7% in the 2nd quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 105 shares during the last quarter. Stone House Investment Management LLC purchased a new stake in T-Mobile US during the 1st quarter worth approximately $29,000. TCTC Holdings LLC raised its holdings in shares of T-Mobile US by 208.1% during the first quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider’s stock valued at $30,000 after acquiring an additional 77 shares during the last quarter. Finally, City Holding Co. lifted its position in shares of T-Mobile US by 45.3% in the first quarter. City Holding Co. now owns 138 shares of the Wireless communications provider’s stock valued at $37,000 after acquiring an additional 43 shares in the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Price Performance

T-Mobile US stock opened at $224.96 on Tuesday. 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 company has a 50-day moving average price of $244.30 and a 200 day moving average price of $243.68. T-Mobile US, Inc. has a 12-month low of $207.40 and a 12-month high of $276.49. The stock has a market cap of $253.17 billion, a P/E ratio of 21.22, a PEG ratio of 1.27 and a beta of 0.59.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.69 by $0.15. The business had revenue of $21.13 billion during 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 business’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.49 EPS. 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 firm also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be issued a dividend of $1.02 per share. 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 a boost from T-Mobile US’s previous quarterly dividend of $0.88. T-Mobile US’s dividend payout ratio (DPR) is currently 38.49%.

Insider Activity

In related news, Director Telekom Ag Deutsche sold 64,426 shares of the business’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $230.41, for a total value of $14,844,394.66. Following the sale, the director directly owned 628,297,455 shares in the company, valued at approximately $144,766,016,606.55. The trade was a 0.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders sold 2,579,219 shares of company stock worth $621,776,150. 0.37% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TMUS. Arete Research upgraded T-Mobile US to a “strong-buy” rating in a research report on Tuesday, July 8th. Moffett Nathanson increased their target price on shares of T-Mobile US from $210.00 to $230.00 and gave the company a “neutral” rating in a research report on Thursday, October 2nd. The Goldman Sachs Group assumed coverage on shares of T-Mobile US in a research note on Tuesday, September 2nd. They issued a “buy” rating and a $286.00 price target on the stock. Raymond James Financial raised shares of T-Mobile US to a “hold” rating in a research note on Wednesday, October 1st. Finally, Bank of America started coverage on shares of T-Mobile US in a research note on Monday, July 7th. They issued a “neutral” rating and a $255.00 target price on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $264.29.

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.