Acumen Wealth Advisors LLC Grows Stock Holdings in T-Mobile US, Inc. $TMUS

Acumen Wealth Advisors LLC boosted its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 2,111.9% in the first quarter, HoldingsChannel reports. The institutional investor owned 3,893 shares of the Wireless communications provider’s stock after purchasing an additional 3,717 shares during the quarter. Acumen Wealth Advisors LLC’s holdings in T-Mobile US were worth $818,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its stake in shares of T-Mobile US by 30.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,795,065 shares of the Wireless communications provider’s stock worth $5,643,511,000 after acquiring an additional 6,516,968 shares during the period. State Street Corp lifted its holdings in T-Mobile US by 4.3% in the 4th quarter. State Street Corp now owns 25,281,709 shares of the Wireless communications provider’s stock worth $5,133,198,000 after purchasing an additional 1,047,624 shares in the last quarter. Capital International Investors boosted its stake in T-Mobile US by 8.2% in the 4th quarter. Capital International Investors now owns 14,847,697 shares of the Wireless communications provider’s stock worth $3,014,754,000 after purchasing an additional 1,121,409 shares during the period. Invesco Ltd. grew its holdings in T-Mobile US by 10.5% during the 4th quarter. Invesco Ltd. now owns 8,730,485 shares of the Wireless communications provider’s stock valued at $1,772,638,000 after buying an additional 827,381 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of T-Mobile US during the fourth quarter valued at approximately $1,335,918,000. 42.49% of the stock is owned by institutional investors.

Insider Activity at T-Mobile US

In related news, insider Andre Almeida purchased 5,097 shares of the firm’s stock in a transaction dated Friday, May 1st. The stock was purchased at an average price of $196.18 per share, with a total value of $999,929.46. Following the completion of the purchase, the insider owned 44,850 shares of the company’s stock, valued at approximately $8,798,673. The trade was a 12.82% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Jon Freier sold 4,799 shares of T-Mobile US stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $190.00, for a total transaction of $911,810.00. Following the sale, the chief operating officer directly owned 217,168 shares of the company’s stock, valued at $41,261,920. This represents a 2.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.32% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Moffett Nathanson upgraded shares of T-Mobile US from a “neutral” rating to a “buy” rating and set a $254.00 target price for the company in a research report on Wednesday, April 8th. The Goldman Sachs Group reissued a “buy” rating on shares of T-Mobile US in a report on Wednesday, April 29th. UBS Group reduced their target price on T-Mobile US from $300.00 to $255.00 and set a “buy” rating on the stock in a report on Monday, June 22nd. Wells Fargo & Company assumed coverage on T-Mobile US in a research report on Wednesday, July 8th. They issued an “equal weight” rating and a $170.00 target price on the stock. Finally, TD Cowen increased their price objective on shares of T-Mobile US from $252.00 to $261.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $254.56.

T-Mobile US Price Performance

Shares of TMUS stock opened at $190.77 on Wednesday. T-Mobile US, Inc. has a 52-week low of $165.66 and a 52-week high of $261.56. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.97 and a current ratio of 1.09. The firm has a market capitalization of $206.45 billion, a P/E ratio of 20.29, a P/E/G ratio of 1.16 and a beta of 0.33. The stock has a 50 day moving average price of $184.97 and a 200 day moving average price of $196.06.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Tuesday, April 28th. The Wireless communications provider reported $2.27 EPS for the quarter, beating the consensus estimate of $2.01 by $0.26. T-Mobile US had a return on equity of 19.47% and a net margin of 11.65%.The company had revenue of $23.11 billion for the quarter, compared to the consensus estimate of $22.98 billion. During the same quarter in the prior year, the company posted $2.58 EPS. T-Mobile US’s quarterly revenue was up 10.6% on a year-over-year basis. As a group, sell-side analysts predict that T-Mobile US, Inc. will post 10.53 earnings per share for the current year.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 28th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Friday, August 28th. T-Mobile US’s dividend payout ratio (DPR) is currently 43.40%.

About T-Mobile US

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.