T-Mobile US, Inc. $TMUS Shares Bought by HB Wealth Management LLC

HB Wealth Management LLC raised its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 15.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,744 shares of the Wireless communications provider’s stock after purchasing an additional 2,842 shares during the quarter. HB Wealth Management LLC’s holdings in T-Mobile US were worth $4,357,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. JDM Financial Group LLC raised its position in shares of T-Mobile US by 114.0% during the 4th quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock valued at $25,000 after buying an additional 65 shares during the period. Swiss RE Ltd. acquired a new position in T-Mobile US in the fourth quarter valued at approximately $29,000. Turning Point Benefit Group Inc. grew its position in T-Mobile US by 3,825.0% in the fourth quarter. Turning Point Benefit Group Inc. now owns 157 shares of the Wireless communications provider’s stock worth $32,000 after acquiring an additional 153 shares during the period. Acumen Wealth Advisors LLC purchased a new position in T-Mobile US in the fourth quarter worth approximately $36,000. Finally, United Community Bank grew its position in T-Mobile US by 78.8% in the fourth quarter. United Community Bank now owns 186 shares of the Wireless communications provider’s stock worth $38,000 after acquiring an additional 82 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Price Performance

T-Mobile US stock opened at $177.52 on Monday. The company has a market capitalization of $192.11 billion, a PE ratio of 18.89, a price-to-earnings-growth ratio of 1.03 and a beta of 0.33. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.97 and a current ratio of 1.09. T-Mobile US, Inc. has a fifty-two week low of $165.66 and a fifty-two week high of $261.56. The firm has a 50 day moving average price of $186.09 and a 200 day moving average price of $197.09.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.26. T-Mobile US had a return on equity of 19.47% and a net margin of 11.65%.The company had revenue of $23.11 billion for the quarter, compared to analysts’ expectations of $22.98 billion. During the same period in the prior year, the firm earned $2.58 earnings per share. The firm’s revenue was up 10.6% compared to the same quarter last year. Research analysts expect 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 disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 28th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Friday, August 28th. T-Mobile US’s payout ratio is currently 43.40%.

Wall Street Analyst Weigh In

TMUS has been the topic of a number of research analyst reports. Weiss Ratings downgraded T-Mobile US from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 15th. Oppenheimer upgraded T-Mobile US from a “market perform” rating to an “outperform” rating and set a $260.00 price target for the company in a report on Wednesday, April 29th. KeyCorp raised T-Mobile US from a “sector weight” rating to an “overweight” rating and set a $260.00 price objective for the company in a research report on Monday, April 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 for the company. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of T-Mobile US from $300.00 to $285.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $260.27.

Insider Activity at T-Mobile US

In other T-Mobile US news, COO Jon Freier sold 4,799 shares of T-Mobile US stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $190.00, for a total value of $911,810.00. Following the completion of the transaction, the chief operating officer directly owned 217,168 shares of the company’s stock, valued at $41,261,920. The trade was a 2.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael J. Katz sold 5,000 shares of the business’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $195.81, for a total transaction of $979,050.00. Following the sale, the insider owned 181,930 shares in the company, valued at $35,623,713.30. This trade represents a 2.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.32% of the company’s stock.

About T-Mobile US

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.