WT Wealth Management Increases Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

WT Wealth Management increased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 3.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,739 shares of the Wireless communications provider’s stock after buying an additional 332 shares during the period. WT Wealth Management’s holdings in T-Mobile US were worth $1,929,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in TMUS. Dunhill Financial LLC grew its stake in T-Mobile US by 76.7% in the third 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 during the last quarter. Financial Life Planners purchased a new position in T-Mobile US in the fourth quarter valued at about $29,000. Legacy Investment Solutions LLC purchased a new position in T-Mobile US in the third quarter valued at about $34,000. Planning Capital Management Corp grew its stake in T-Mobile US by 134.7% in the third quarter. Planning Capital Management Corp now owns 176 shares of the Wireless communications provider’s stock valued at $36,000 after purchasing an additional 101 shares during the last quarter. Finally, Bruce G. Allen Investments LLC grew its stake in T-Mobile US by 79.3% in the fourth quarter. Bruce G. Allen Investments LLC now owns 165 shares of the Wireless communications provider’s stock valued at $36,000 after purchasing an additional 73 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insider Activity

In related news, Director Srikant M. Datar sold 1,000 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $246.00, for a total value of $246,000.00. Following the completion of the transaction, the director now directly owns 4,021 shares of the company’s stock, valued at approximately $989,166. This represents a 19.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Letitia A. Long sold 1,100 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of $231.08, for a total value of $254,188.00. Following the completion of the transaction, the director now directly owns 5,653 shares of the company’s stock, valued at approximately $1,306,295.24. This represents a 16.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.67% of the company’s stock.

T-Mobile US Trading Down 2.6 %

T-Mobile US stock opened at $263.58 on Thursday. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. T-Mobile US, Inc. has a 12 month low of $158.84 and a 12 month high of $273.40. The stock’s 50 day simple moving average is $233.61 and its two-hundred day simple moving average is $222.99. The firm has a market cap of $300.94 billion, a PE ratio of 27.26, a P/E/G ratio of 1.55 and a beta of 0.56.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, topping the consensus estimate of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. Analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be given a dividend of $0.88 per share. The ex-dividend date is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.34%. T-Mobile US’s dividend payout ratio (DPR) is 36.40%.

Analysts Set New Price Targets

Several equities analysts have issued reports on TMUS shares. Morgan Stanley started coverage on T-Mobile US in a research note on Monday, December 16th. They issued an “overweight” rating and a $280.00 target price on the stock. Wells Fargo & Company reiterated an “equal weight” rating on shares of T-Mobile US in a research note on Wednesday. Barclays upped their price objective on shares of T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Evercore ISI upgraded shares of T-Mobile US to a “strong-buy” rating in a report on Thursday, January 23rd. Finally, Royal Bank of Canada restated a “sector perform” rating on shares of T-Mobile US in a report on Wednesday. Seven investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.