Talon Private Wealth LLC Acquires 3,917 Shares of T-Mobile US, Inc. $TMUS

Talon Private Wealth LLC increased its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 45.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,563 shares of the Wireless communications provider’s stock after acquiring an additional 3,917 shares during the period. Talon Private Wealth LLC’s holdings in T-Mobile US were worth $2,107,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in TMUS. Sequoia Financial Advisors LLC increased its holdings in T-Mobile US by 21.1% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 22,454 shares of the Wireless communications provider’s stock worth $3,766,000 after purchasing an additional 3,916 shares in the last quarter. National Pension Service lifted its holdings in shares of T-Mobile US by 2.3% in the second quarter. National Pension Service now owns 1,272,702 shares of the Wireless communications provider’s stock valued at $213,470,000 after purchasing an additional 28,413 shares in the last quarter. Cidel Asset Management Inc. lifted its holdings in shares of T-Mobile US by 21.9% in the second quarter. Cidel Asset Management Inc. now owns 3,875 shares of the Wireless communications provider’s stock valued at $650,000 after purchasing an additional 695 shares in the last quarter. Plimoth Trust Co. LLC boosted its position in shares of T-Mobile US by 7.6% during the second quarter. Plimoth Trust Co. LLC now owns 15,925 shares of the Wireless communications provider’s stock valued at $2,671,000 after buying an additional 1,120 shares during the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC boosted its position in shares of T-Mobile US by 49.5% during the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 4,269 shares of the Wireless communications provider’s stock valued at $716,000 after buying an additional 1,414 shares during the last quarter. Institutional investors own 42.49% of the company’s stock.

Analyst Ratings Changes

TMUS has been the subject of a number of analyst reports. Wells Fargo & Company lowered their price target on T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating for the company in a research report on Friday, July 24th. Scotiabank cut their price objective on shares of T-Mobile US from $263.00 to $243.00 and set a “sector outperform” rating on the stock in a report on Wednesday, July 15th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of T-Mobile US in a research note on Tuesday, May 19th. Bank of America upgraded shares of T-Mobile US from a “neutral” rating to a “buy” rating and set a $220.00 target price for the company in a report on Monday, July 6th. Finally, Barclays dropped their price target on shares of T-Mobile US from $230.00 to $215.00 and set an “overweight” rating on the stock in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $252.08.

T-Mobile US Stock Performance

TMUS stock traded up $5.17 during midday trading on Friday, hitting $182.33. The company’s stock had a trading volume of 3,674,979 shares, compared to its average volume of 5,591,293. The stock’s 50-day moving average price is $181.82 and its 200 day moving average price is $191.28. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 1.48. T-Mobile US, Inc. has a 1 year low of $165.66 and a 1 year high of $244.24. The stock has a market cap of $195.58 billion, a price-to-earnings ratio of 19.09, a PEG ratio of 1.14 and a beta of 0.34.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.40. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.The firm had revenue of $22.79 billion during the quarter, compared to analyst estimates of $22.95 billion. During the same period last year, the firm posted $2.84 EPS. The business’s revenue was up 7.9% compared to the same quarter last year. On average, equities analysts forecast that T-Mobile US, Inc. will post 10.82 EPS for the current year.

T-Mobile US Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Friday, August 28th were given a dividend of $1.02 per share. The ex-dividend date was Friday, August 28th. This represents a $4.08 annualized dividend and a yield of 2.2%. T-Mobile US’s dividend payout ratio is presently 42.72%.

About T-Mobile US

T-Mobile US, Inc (NASDAQ: TMUS) is a wireless communications company that provides mobile voice, messaging and data services to consumers, businesses and government customers in the United States. Its offerings include postpaid and prepaid wireless plans, connected devices, smartphones, accessories and related communications services.

The company operates its consumer business primarily under the T-Mobile and Metro by T-Mobile brands. It also provides fixed wireless broadband, which uses its wireless network to deliver internet access to homes and businesses, as well as specialized connectivity services for connected devices and other applications.

T-Mobile US operates a nationwide wireless network, including a broad 5G network, and serves customers throughout the United States, including Puerto Rico and the U.S.