IHT Wealth Management LLC Has $580,000 Position in T-Mobile US, Inc. (NASDAQ:TMUS)

IHT Wealth Management LLC grew its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 28.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,812 shares of the Wireless communications provider’s stock after buying an additional 616 shares during the quarter. IHT Wealth Management LLC’s holdings in T-Mobile US were worth $580,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. WASHINGTON TRUST Co increased its position in T-Mobile US by 143.1% during the 2nd quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 83 shares in the last quarter. DT Investment Partners LLC increased its position in T-Mobile US by 65.3% during the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 47 shares in the last quarter. Summit Securities Group LLC acquired a new position in T-Mobile US during the 2nd quarter worth approximately $27,000. Y.D. More Investments Ltd acquired a new position in T-Mobile US during the 2nd quarter worth approximately $27,000. Finally, MFA Wealth Advisors LLC increased its position in T-Mobile US by 128.3% during the 3rd quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 77 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TMUS has been the subject of a number of research analyst reports. Benchmark upped their price objective on shares of T-Mobile US from $250.00 to $255.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Barclays upped their price target on shares of T-Mobile US from $215.00 to $230.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Bank of America upped their price target on shares of T-Mobile US from $220.00 to $240.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Oppenheimer upped their price target on shares of T-Mobile US from $215.00 to $250.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, Evercore ISI upped their price target on shares of T-Mobile US from $220.00 to $240.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $244.33.

T-Mobile US Stock Down 0.1 %

Shares of NASDAQ TMUS opened at $243.78 on Friday. The company’s fifty day simple moving average is $228.07 and its 200 day simple moving average is $200.82. The firm has a market cap of $282.90 billion, a PE ratio of 27.80, a P/E/G ratio of 1.24 and a beta of 0.53. T-Mobile US, Inc. has a 12-month low of $153.84 and a 12-month high of $248.15. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, beating the consensus estimate of $2.32 by $0.29. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The company had revenue of $20.16 billion during the quarter, compared to analysts’ expectations of $20.01 billion. During the same quarter in the previous year, the company earned $1.82 earnings per share. T-Mobile US’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, sell-side analysts forecast that T-Mobile US, Inc. will post 9.38 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Friday, February 28th will be given a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $3.52 annualized dividend and a yield of 1.44%. T-Mobile US’s payout ratio is presently 40.14%.

Insider Buying and Selling at T-Mobile US

In related news, Director Raul Marcelo Claure sold 1,572 shares of T-Mobile US stock in a transaction on Monday, September 9th. The shares were sold at an average price of $196.00, for a total value of $308,112.00. Following the transaction, the director now directly owns 1,824,632 shares of the company’s stock, valued at $357,627,872. The trade was a 0.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Michael J. Katz sold 3,000 shares of T-Mobile US stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $205.30, for a total transaction of $615,900.00. Following the completion of the transaction, the insider now directly owns 119,687 shares in the company, valued at approximately $24,571,741.10. The trade was a 2.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 342,750 shares of company stock worth $73,356,824 over the last three months. 0.67% of the stock is owned by insiders.

T-Mobile US 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.