Golden State Wealth Management LLC Invests $45,000 in T-Mobile US, Inc. (NASDAQ:TMUS)

Golden State Wealth Management LLC acquired a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 205 shares of the Wireless communications provider’s stock, valued at approximately $45,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. DT Investment Partners LLC boosted its stake in shares of T-Mobile US by 65.3% during the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 47 shares during the last quarter. Dunhill Financial LLC lifted its holdings in T-Mobile US by 76.7% in the 3rd quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock valued at $27,000 after purchasing an additional 56 shares in the last quarter. MFA Wealth Advisors LLC grew its holdings in shares of T-Mobile US by 128.3% during the third quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 77 shares in the last quarter. Financial Life Planners acquired a new position in shares of T-Mobile US in the fourth quarter valued at approximately $29,000. Finally, Legacy Investment Solutions LLC purchased a new position in shares of T-Mobile US during the third quarter valued at approximately $34,000. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

T-Mobile US Stock Up 1.1 %

Shares of NASDAQ:TMUS opened at $258.70 on Wednesday. The company has a market capitalization of $295.37 billion, a price-to-earnings ratio of 26.75, a price-to-earnings-growth ratio of 1.44 and a beta of 0.56. The company has a 50 day moving average of $226.18 and a two-hundred day moving average of $216.54. T-Mobile US, Inc. has a 52-week low of $158.84 and a 52-week high of $259.46. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. As a group, analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be paid a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US’s dividend payout ratio (DPR) is 36.40%.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Srikant M. Datar sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $247.19, for a total value of $247,190.00. Following the transaction, the director now directly owns 5,021 shares of the company’s stock, valued at $1,241,140.99. This represents a 16.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Andre Almeida purchased 3,808 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were bought at an average cost of $235.72 per share, with a total value of $897,621.76. Following the transaction, the director now directly owns 3,808 shares of the company’s stock, valued at approximately $897,621.76. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 3,100 shares of company stock valued at $747,378. Insiders own 0.67% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on TMUS. Citigroup boosted their price target on T-Mobile US from $210.00 to $254.00 and gave the company a “buy” rating in a report on Monday, October 21st. Tigress Financial increased their target price on T-Mobile US from $280.00 to $290.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Scotiabank lifted their price target on T-Mobile US from $234.00 to $247.00 and gave the company a “sector perform” rating in a report on Thursday, January 30th. Royal Bank of Canada increased their price objective on shares of T-Mobile US from $240.00 to $245.00 and gave the stock a “sector perform” rating in a report on Thursday, January 30th. Finally, Evercore ISI upgraded shares of T-Mobile US to a “strong-buy” rating in a report on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $251.79.

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.