VCI Wealth Management LLC Makes New $613,000 Investment in T-Mobile US, Inc. (NASDAQ:TMUS)

VCI Wealth Management LLC purchased a new position in T-Mobile US, Inc. (NASDAQ:TMUS) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 3,824 shares of the Wireless communications provider’s stock, valued at approximately $613,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Valley National Advisers Inc. boosted its stake in shares of T-Mobile US by 232.1% during the 4th quarter. Valley National Advisers Inc. now owns 176 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 123 shares during the last quarter. BluePath Capital Management LLC purchased a new position in shares of T-Mobile US during the 3rd quarter valued at approximately $26,000. Baker Avenue Asset Management LP boosted its stake in shares of T-Mobile US by 63.3% during the 3rd quarter. Baker Avenue Asset Management LP now owns 209 shares of the Wireless communications provider’s stock valued at $29,000 after buying an additional 81 shares during the last quarter. Bay Harbor Wealth Management LLC purchased a new position in shares of T-Mobile US during the 4th quarter valued at approximately $34,000. Finally, Raleigh Capital Management Inc. boosted its stake in shares of T-Mobile US by 54.5% during the 3rd quarter. Raleigh Capital Management Inc. now owns 255 shares of the Wireless communications provider’s stock valued at $36,000 after buying an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Analysts Set New Price Targets

TMUS has been the subject of several research analyst reports. Morgan Stanley increased their target price on T-Mobile US from $180.00 to $186.00 and gave the company an “overweight” rating in a research note on Monday, January 29th. Tigress Financial upped their price target on T-Mobile US from $204.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Wells Fargo & Company increased their target price on T-Mobile US from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Monday, January 22nd. KeyCorp dropped their target price on T-Mobile US from $183.00 to $175.00 and set an “overweight” rating on the stock in a research report on Friday, January 26th. Finally, Raymond James increased their target price on T-Mobile US from $180.00 to $185.00 and gave the stock a “strong-buy” rating in a research report on Friday, January 26th. One investment analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $185.93.

T-Mobile US Price Performance

TMUS stock traded down $0.13 during trading hours on Thursday, hitting $164.05. 5,812,097 shares of the stock traded hands, compared to its average volume of 4,521,922. The stock has a 50-day simple moving average of $162.39 and a 200 day simple moving average of $156.76. T-Mobile US, Inc. has a one year low of $124.92 and a one year high of $168.64. The company has a market cap of $194.71 billion, a P/E ratio of 23.56, a P/E/G ratio of 0.66 and a beta of 0.49. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.18.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Thursday, January 25th. The Wireless communications provider reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.23). T-Mobile US had a net margin of 10.59% and a return on equity of 12.69%. The company had revenue of $20.48 billion during the quarter, compared to analyst estimates of $19.67 billion. During the same quarter last year, the business earned $1.18 EPS. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. Equities analysts forecast that T-Mobile US, Inc. will post 8.95 earnings per share for the current year.

T-Mobile US Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Friday, May 31st will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend is Friday, May 31st. T-Mobile US’s dividend payout ratio is currently 37.52%.

Insider Buying and Selling

In related news, insider Michael J. Katz sold 3,000 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $163.22, for a total value of $489,660.00. Following the completion of the sale, the insider now directly owns 125,687 shares of the company’s stock, valued at approximately $20,514,632.14. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Michael J. Katz sold 3,000 shares of T-Mobile US stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $163.22, for a total transaction of $489,660.00. Following the completion of the sale, the insider now directly owns 125,687 shares in the company, valued at approximately $20,514,632.14. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Telekom Ag Deutsche sold 194,910 shares of T-Mobile US stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $163.25, for a total value of $31,819,057.50. Following the sale, the director now owns 690,125,741 shares of the company’s stock, valued at $112,663,027,218.25. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,995,889 shares of company stock valued at $972,451,611. Corporate insiders own 0.70% of the company’s stock.

T-Mobile US Company 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.