Apollon Wealth Management LLC Sells 22,328 Shares of T-Mobile US, Inc. $TMUS

Apollon Wealth Management LLC lessened its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 51.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,271 shares of the Wireless communications provider’s stock after selling 22,328 shares during the quarter. Apollon Wealth Management LLC’s holdings in T-Mobile US were worth $4,468,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Norges Bank purchased a new position in shares of T-Mobile US in the 4th quarter worth $1,335,918,000. Price T Rowe Associates Inc. MD lifted its holdings in T-Mobile US by 30.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,795,065 shares of the Wireless communications provider’s stock valued at $5,643,511,000 after acquiring an additional 6,516,968 shares during the period. Wellington Management Group LLP boosted its position in T-Mobile US by 47.5% in the third quarter. Wellington Management Group LLP now owns 13,461,669 shares of the Wireless communications provider’s stock worth $3,222,454,000 after purchasing an additional 4,335,368 shares during the last quarter. Dodge & Cox boosted its position in T-Mobile US by 65.2% in the fourth quarter. Dodge & Cox now owns 6,185,972 shares of the Wireless communications provider’s stock worth $1,256,000,000 after purchasing an additional 2,442,450 shares during the last quarter. Finally, Viking Global Investors LP grew its stake in shares of 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 valued at $677,925,000 after purchasing an additional 1,279,422 shares during the period. 42.49% of the stock is currently owned by institutional investors.

T-Mobile US News Summary

Here are the key news stories impacting T-Mobile US this week:

• Positive Sentiment: TMUS continues to be viewed favorably by some analysts, with recent coverage calling it a strong value stock and brokerage sentiment remaining around “Moderate Buy.” Here’s Why T-Mobile (TMUS) is a Strong Value Stock
• Neutral Sentiment: Some of the selling appears sector-wide, as telecom peers Verizon and AT&T are also weakening on the same Starlink and Comcast-related headlines. Starlink’s Mobile Threat: Why Verizon, AT&T, and T-Mobile Are Tanking Today
• Negative Sentiment: Reports that SpaceX is considering a consumer mobile push, and possibly a partnership structure that could bypass existing carriers, are raising fears of future competition for TMUS’s core wireless business. SpaceX Might Bring Mobile Phone to Market, and Verizon, AT&T, and T-Mobile Are Down
• Negative Sentiment: Investors are also weighing T-Mobile’s legacy-plan changes, which may boost revenue but could trigger customer pushback and higher churn. T-Mobile US Slides as Starlink Mobile Threat and Legacy-Plan Changes Weigh on Sentiment

Analysts Set New Price Targets

Several research firms have recently commented on TMUS. Wall Street Zen raised shares of T-Mobile US from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Barclays reissued a “buy” rating on shares of T-Mobile US in a report on Friday, April 24th. Sanford C. Bernstein reaffirmed a “neutral” rating on shares of T-Mobile US in a report on Wednesday, April 22nd. The Goldman Sachs Group reiterated a “buy” rating on shares of T-Mobile US in a research report on Wednesday, April 29th. Finally, Royal Bank Of Canada dropped their price target on shares of T-Mobile US from $255.00 to $240.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $260.27.

Insider Activity at T-Mobile US

In related news, insider Michael J. Katz sold 5,000 shares of the company’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $195.81, for a total value of $979,050.00. Following the completion of the transaction, the insider owned 181,930 shares of the company’s stock, valued at approximately $35,623,713.30. This represents a 2.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Andre Almeida purchased 5,097 shares of the business’s stock in a transaction on Friday, May 1st. The stock was acquired at an average price of $196.18 per share, with a total value of $999,929.46. Following the purchase, the insider directly owned 44,850 shares in the company, valued at $8,798,673. This represents a 12.82% increase in their position. The SEC filing for this purchase provides additional information. 0.32% of the stock is owned by corporate insiders.

T-Mobile US Trading Down 4.8%

T-Mobile US stock opened at $173.97 on Tuesday. T-Mobile US, Inc. has a 12-month low of $169.00 and a 12-month high of $261.56. The firm has a market capitalization of $188.27 billion, a price-to-earnings ratio of 18.51, a P/E/G ratio of 1.06 and a beta of 0.31. The firm has a 50 day moving average of $187.78 and a 200 day moving average of $197.69. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.58.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.26. The business had revenue of $23.11 billion for the quarter, compared to the consensus estimate of $22.98 billion. T-Mobile US had a net margin of 11.65% and a return on equity of 19.47%. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.58 earnings per share. As a group, research analysts predict that T-Mobile US, Inc. will post 10.65 earnings per share for the current year.

T-Mobile US Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 28th will be paid a dividend of $1.02 per share. The ex-dividend date is Friday, August 28th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.3%. T-Mobile US’s payout ratio is 43.40%.

T-Mobile US 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.