Avior Wealth Management LLC Acquires 741 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Avior Wealth Management LLC boosted its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 84.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,622 shares of the Wireless communications provider’s stock after acquiring an additional 741 shares during the quarter. Avior Wealth Management LLC’s holdings in T-Mobile US were worth $260,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Norges Bank bought a new position in T-Mobile US during the fourth quarter valued at approximately $2,801,442,000. Morgan Stanley raised its position in T-Mobile US by 0.9% during the third quarter. Morgan Stanley now owns 11,255,490 shares of the Wireless communications provider’s stock valued at $1,576,332,000 after acquiring an additional 104,490 shares in the last quarter. Royal Bank of Canada raised its position in T-Mobile US by 7.1% during the third quarter. Royal Bank of Canada now owns 10,505,308 shares of the Wireless communications provider’s stock valued at $1,471,269,000 after acquiring an additional 693,443 shares in the last quarter. Invesco Ltd. raised its position in shares of T-Mobile US by 0.6% in the third quarter. Invesco Ltd. now owns 7,675,261 shares of the Wireless communications provider’s stock valued at $1,074,920,000 after purchasing an additional 45,196 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of T-Mobile US by 0.7% in the third quarter. Bank of New York Mellon Corp now owns 6,725,113 shares of the Wireless communications provider’s stock valued at $902,309,000 after purchasing an additional 47,956 shares during the period. Institutional investors own 42.49% of the company’s stock.

Insiders Place Their Bets

In other T-Mobile US news, Director Teresa Taylor sold 12,022 shares of T-Mobile US stock in a transaction on Monday, February 5th. The shares were sold at an average price of $161.80, for a total transaction of $1,945,159.60. Following the sale, the director now owns 13,014 shares in the company, valued at $2,105,665.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Michael J. Katz sold 6,655 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $161.23, for a total value of $1,072,985.65. Following the sale, the insider now owns 126,616 shares in the company, valued at approximately $20,414,297.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Teresa Taylor sold 12,022 shares of the business’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $161.80, for a total transaction of $1,945,159.60. Following the completion of the sale, the director now owns 13,014 shares in the company, valued at approximately $2,105,665.20. The disclosure for this sale can be found here. Insiders have sold 6,006,369 shares of company stock worth $974,765,696 over the last 90 days. Corporate insiders own 0.70% of the company’s stock.

T-Mobile US Stock Up 0.9 %

TMUS opened at $162.33 on Friday. T-Mobile US, Inc. has a fifty-two week low of $124.92 and a fifty-two week high of $168.64. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.91 and a quick ratio of 0.83. The firm’s fifty day moving average price is $162.28 and its two-hundred day moving average price is $156.10. The company has a market capitalization of $192.66 billion, a P/E ratio of 23.42, a P/E/G ratio of 0.65 and a beta of 0.49.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Thursday, January 25th. The Wireless communications provider reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.23). T-Mobile US had a return on equity of 12.69% and a net margin of 10.59%. The business had revenue of $20.48 billion for the quarter, compared to analyst estimates of $19.67 billion. During the same quarter in the prior year, the firm earned $1.18 EPS. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. On average, analysts anticipate that T-Mobile US, Inc. will post 8.95 EPS for the current year.

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $2.60 dividend on an annualized basis and a yield of 1.60%. T-Mobile US’s dividend payout ratio is currently 37.52%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on TMUS shares. Morgan Stanley lifted their price target on shares of T-Mobile US from $180.00 to $186.00 and gave the company an “overweight” rating in a research report on Monday, January 29th. KeyCorp dropped their price target on shares of T-Mobile US from $183.00 to $175.00 and set an “overweight” rating on the stock in a research report on Friday, January 26th. Oppenheimer reissued an “outperform” rating and issued a $190.00 price target on shares of T-Mobile US in a research report on Wednesday, April 3rd. Tigress Financial lifted their price target on shares of T-Mobile US from $204.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Finally, Benchmark reissued a “buy” rating and issued a $200.00 price target on shares of T-Mobile US in a research report on Friday, January 26th. One equities research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, T-Mobile US currently has a consensus rating of “Buy” and an average price target of $185.93.

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.