Avidian Wealth Enterprises LLC Invests $249,000 in T-Mobile US, Inc. (NASDAQ:TMUS)

Avidian Wealth Enterprises LLC bought a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) in the 3rd quarter, Holdings Channel reports. The institutional investor bought 1,208 shares of the Wireless communications provider’s stock, valued at approximately $249,000.

Other institutional investors have also added to or reduced their stakes in the company. DT Investment Partners LLC increased its holdings in shares of T-Mobile US by 65.3% during the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 47 shares in the last quarter. Davis Investment Partners LLC increased its stake in T-Mobile US by 0.6% during the 3rd quarter. Davis Investment Partners LLC now owns 8,223 shares of the Wireless communications provider’s stock valued at $1,711,000 after purchasing an additional 51 shares in the last quarter. Barden Capital Management Inc. raised its holdings in T-Mobile US by 0.8% during the third quarter. Barden Capital Management Inc. now owns 6,824 shares of the Wireless communications provider’s stock worth $1,408,000 after buying an additional 54 shares during the last quarter. Compton Wealth Advisory Group LLC lifted its stake in shares of T-Mobile US by 0.4% in the second quarter. Compton Wealth Advisory Group LLC now owns 15,009 shares of the Wireless communications provider’s stock valued at $2,644,000 after buying an additional 56 shares in the last quarter. Finally, Benjamin Edwards Inc. grew its holdings in shares of T-Mobile US by 0.7% during the second quarter. Benjamin Edwards Inc. now owns 8,331 shares of the Wireless communications provider’s stock valued at $1,468,000 after buying an additional 56 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently weighed in on TMUS shares. The Goldman Sachs Group raised their price target on shares of T-Mobile US from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Tigress Financial lifted their target price on T-Mobile US from $205.00 to $235.00 and gave the company a “buy” rating in a research report on Monday, August 12th. Benchmark upped their price target on T-Mobile US from $250.00 to $255.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Raymond James cut T-Mobile US from an “outperform” rating to a “market perform” rating in a research note on Friday, October 25th. Finally, Royal Bank of Canada upped their target price on shares of T-Mobile US from $232.00 to $255.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Three research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, T-Mobile US currently has a consensus rating of “Moderate Buy” and a consensus price target of $241.83.

Insider Activity at T-Mobile US

In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of the business’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $194.57, for a total transaction of $3,891,400.00. Following the sale, the chief executive officer now owns 418,124 shares of the company’s stock, valued at $81,354,386.68. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other T-Mobile US news, Director Raul Marcelo Claure sold 110,000 shares of T-Mobile US stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $224.30, for a total transaction of $24,673,000.00. Following the completion of the transaction, the director now owns 1,441,204 shares of the company’s stock, valued at $323,262,057.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO G Michael Sievert sold 20,000 shares of the stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $194.57, for a total transaction of $3,891,400.00. Following the completion of the sale, the chief executive officer now directly owns 418,124 shares in the company, valued at approximately $81,354,386.68. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 453,824 shares of company stock worth $94,003,400. 0.67% of the stock is owned by corporate insiders.

T-Mobile US Stock Performance

NASDAQ:TMUS opened at $231.49 on Friday. T-Mobile US, Inc. has a 1 year low of $145.77 and a 1 year high of $234.56. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99. The business has a fifty day simple moving average of $210.45 and a two-hundred day simple moving average of $189.05. The company has a market capitalization of $268.64 billion, a P/E ratio of 26.40, a P/E/G ratio of 1.15 and a beta of 0.50.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.32 by $0.29. The business had revenue of $20.16 billion for the quarter, compared to analysts’ expectations of $20.01 billion. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.82 EPS. On average, analysts expect that T-Mobile US, Inc. will post 9.36 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 12th. Investors of record on Wednesday, November 27th will be paid a dividend of $0.88 per share. This is a boost from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend is Wednesday, November 27th. T-Mobile US’s dividend payout ratio is presently 29.65%.

T-Mobile US Company 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.