Wealth Advisory Solutions LLC Invests $5.02 Million in T-Mobile US, Inc. $TMUS

Wealth Advisory Solutions LLC acquired a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 24,705 shares of the Wireless communications provider’s stock, valued at approximately $5,016,000. T-Mobile US comprises 1.2% of Wealth Advisory Solutions LLC’s portfolio, making the stock its 19th biggest holding.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Quadrature Capital Ltd bought a new stake in T-Mobile US during the second quarter valued at approximately $467,000. Fisher Asset Management LLC raised its position in T-Mobile US by 5.0% in the second quarter. Fisher Asset Management LLC now owns 1,682 shares of the Wireless communications provider’s stock worth $401,000 after acquiring an additional 80 shares during the period. M&T Bank Corp boosted its stake in shares of T-Mobile US by 2.1% during the 2nd quarter. M&T Bank Corp now owns 37,524 shares of the Wireless communications provider’s stock worth $8,941,000 after acquiring an additional 765 shares during the last quarter. River Wealth Advisors LLC grew its position in shares of T-Mobile US by 7.2% during the 2nd quarter. River Wealth Advisors LLC now owns 62,234 shares of the Wireless communications provider’s stock valued at $14,828,000 after acquiring an additional 4,157 shares during the period. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in shares of T-Mobile US in the 2nd quarter worth $104,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Down 2.8%

NASDAQ TMUS opened at $204.25 on Thursday. T-Mobile US, Inc. has a 12 month low of $181.36 and a 12 month high of $272.60. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.45. The stock has a market cap of $225.05 billion, a PE ratio of 21.04, a P/E/G ratio of 1.37 and a beta of 0.43. The stock’s 50 day moving average is $208.70 and its 200 day moving average is $211.03.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 29th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, May 29th. T-Mobile US’s payout ratio is 42.02%.

Insider Activity

In other news, insider Mark Wolfe Nelson sold 10,240 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $220.80, for a total transaction of $2,260,992.00. Following the completion of the transaction, the insider owned 74,280 shares in the company, valued at $16,401,024. This trade represents a 12.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director G Michael Sievert sold 80,000 shares of T-Mobile US stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $214.94, for a total value of $17,195,200.00. Following the completion of the sale, the director directly owned 140,696 shares in the company, valued at $30,241,198.24. This trade represents a 36.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 694,134 shares of company stock valued at $150,847,799 in the last quarter. Company insiders own 0.37% of the company’s stock.

Analyst Ratings Changes

TMUS has been the subject of a number of analyst reports. Sanford C. Bernstein restated a “neutral” rating on shares of T-Mobile US in a research report on Thursday, February 19th. Morgan Stanley cut their price objective on T-Mobile US from $280.00 to $260.00 and set an “overweight” rating for the company in a research note on Wednesday, December 10th. Wells Fargo & Company raised their target price on shares of T-Mobile US from $225.00 to $235.00 and gave the stock an “overweight” rating in a research note on Friday, February 13th. Weiss Ratings downgraded shares of T-Mobile US from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Finally, Scotiabank reduced their price objective on shares of T-Mobile US from $270.50 to $266.00 and set a “sector outperform” rating for the company in a research note on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $257.26.

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.