Ticino Wealth Acquires New Shares in T-Mobile US, Inc. $TMUS

Ticino Wealth acquired a new position in T-Mobile US, Inc. (NASDAQ:TMUS) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 24,781 shares of the Wireless communications provider’s stock, valued at approximately $5,032,000. T-Mobile US accounts for 1.9% of Ticino Wealth’s portfolio, making the stock its 12th largest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Sei Investments Co. increased its position in shares of T-Mobile US by 6.3% during the second quarter. Sei Investments Co. now owns 142,587 shares of the Wireless communications provider’s stock valued at $33,972,000 after acquiring an additional 8,491 shares during the last quarter. Diversify Advisory Services LLC increased its holdings in T-Mobile US by 315.7% in the 2nd quarter. Diversify Advisory Services LLC now owns 4,548 shares of the Wireless communications provider’s stock valued at $1,147,000 after purchasing an additional 3,454 shares during the last quarter. Darwin Wealth Management LLC purchased a new stake in T-Mobile US during the second quarter worth about $375,000. Raymond James Financial Inc. grew its holdings in shares of T-Mobile US by 0.5% in the second quarter. Raymond James Financial Inc. now owns 2,054,144 shares of the Wireless communications provider’s stock valued at $489,420,000 after purchasing an additional 9,568 shares in the last quarter. Finally, Viking Global Investors LP increased its stake in T-Mobile US by 81.7% during the 2nd quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider’s stock worth $677,925,000 after buying an additional 1,279,422 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insider Buying and Selling at T-Mobile US

In other news, Director Srikant M. Datar sold 3,291 shares of the firm’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $221.10, for a total value of $727,640.10. Following the completion of the sale, the director owned 1,038 shares in the company, valued at approximately $229,501.80. This trade represents a 76.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Raul Marcelo Claure sold 550,000 shares of the business’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $217.57, for a total transaction of $119,663,500.00. Following the completion of the sale, the director owned 891,204 shares in the company, valued at $193,899,254.28. This represents a 38.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 694,134 shares of company stock valued at $150,847,799. Corporate insiders own 0.37% of the company’s stock.

T-Mobile US Trading Down 0.6%

Shares of NASDAQ:TMUS opened at $197.13 on Tuesday. T-Mobile US, Inc. has a 52 week low of $181.36 and a 52 week high of $263.79. The company’s 50 day moving average is $209.71 and its two-hundred day moving average is $207.12. The company has a market cap of $217.21 billion, a PE ratio of 20.39, a P/E/G ratio of 1.27 and a beta of 0.43. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.45.

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Friday, May 29th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $4.08 annualized dividend and a dividend yield of 2.1%. T-Mobile US’s dividend payout ratio (DPR) is presently 42.02%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TMUS. Wells Fargo & Company raised their price target on shares of T-Mobile US from $225.00 to $235.00 and gave the company an “overweight” rating in a research report on Friday, February 13th. Morgan Stanley began coverage on T-Mobile US in a research report on Thursday, April 16th. They set an “overweight” rating and a $260.00 price objective on the stock. Barclays increased their price objective on T-Mobile US from $240.00 to $245.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. Wall Street Zen cut T-Mobile US from a “hold” rating to a “sell” rating in a research note on Saturday, March 14th. Finally, Wolfe Research restated an “outperform” rating and set a $255.00 price target on shares of T-Mobile US in a report on Thursday, February 12th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $260.91.

T-Mobile US Company Profile

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.