Axxcess Wealth Management LLC Acquires 281 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Axxcess Wealth Management LLC boosted its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 8.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,442 shares of the Wireless communications provider’s stock after buying an additional 281 shares during the quarter. Axxcess Wealth Management LLC’s holdings in T-Mobile US were worth $552,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Valley National Advisers Inc. boosted its holdings in T-Mobile US by 232.1% in the fourth quarter. Valley National Advisers Inc. now owns 176 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 123 shares during the last quarter. BluePath Capital Management LLC bought a new position in shares of T-Mobile US during the 3rd quarter valued at $26,000. Baker Avenue Asset Management LP boosted its stake in shares of T-Mobile US by 63.3% in the 3rd quarter. Baker Avenue Asset Management LP now owns 209 shares of the Wireless communications provider’s stock worth $29,000 after buying an additional 81 shares during the last quarter. Bay Harbor Wealth Management LLC bought a new stake in shares of T-Mobile US in the fourth quarter worth $34,000. Finally, Raleigh Capital Management Inc. increased its position in T-Mobile US by 54.5% during the third quarter. Raleigh Capital Management Inc. now owns 255 shares of the Wireless communications provider’s stock valued at $36,000 after acquiring an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Price Performance

TMUS stock opened at $162.19 on Wednesday. The company has a market capitalization of $190.06 billion, a PE ratio of 22.07, a price-to-earnings-growth ratio of 0.64 and a beta of 0.48. The company’s fifty day moving average price is $162.61 and its 200-day moving average price is $158.34. T-Mobile US, Inc. has a one year low of $124.92 and a one year high of $168.64. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.86 and a current ratio of 0.94.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.17. T-Mobile US had a return on equity of 13.61% and a net margin of 11.15%. The firm had revenue of $19.59 billion for the quarter, compared to analysts’ expectations of $19.81 billion. During the same period in the previous year, the firm posted $1.58 earnings per share. The business’s revenue was down .2% compared to the same quarter last year. On average, equities analysts anticipate that T-Mobile US, Inc. will post 9.01 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Friday, May 31st will be given 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 dividend yield of 1.60%. T-Mobile US’s dividend payout ratio is currently 35.37%.

Analyst Upgrades and Downgrades

TMUS has been the subject of a number of recent research reports. Oppenheimer restated an “outperform” rating and set a $190.00 price target on shares of T-Mobile US in a research note on Wednesday, April 3rd. Citigroup upped their target price on shares of T-Mobile US from $176.00 to $184.00 and gave the company a “buy” rating in a report on Monday, March 25th. Wells Fargo & Company lifted their price target on shares of T-Mobile US from $175.00 to $185.00 and gave the stock an “overweight” rating in a research note on Monday, January 22nd. Morgan Stanley raised their target price on T-Mobile US from $180.00 to $186.00 and gave the stock an “overweight” rating in a report on Monday, January 29th. Finally, KeyCorp upped their price target on T-Mobile US from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. One analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $186.33.

Insider Buying and Selling

In other news, insider Callie R. Field sold 5,844 shares of the business’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $168.44, for a total value of $984,363.36. Following the sale, the insider now directly owns 102,555 shares in the company, valued at approximately $17,274,364.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Callie R. Field sold 5,844 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $168.44, for a total transaction of $984,363.36. Following the transaction, the insider now owns 102,555 shares of the company’s stock, valued at approximately $17,274,364.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO G Michael Sievert sold 40,000 shares of T-Mobile US stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $161.05, for a total transaction of $6,442,000.00. Following the transaction, the chief executive officer now directly owns 496,036 shares of the company’s stock, valued at $79,886,597.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,537,157 shares of company stock worth $1,062,270,599. Insiders own 0.70% of the company’s stock.

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.