T-Mobile US, Inc. (NASDAQ:TMUS) Shares Acquired by Spire Wealth Management

Spire Wealth Management grew its holdings in T-Mobile US, Inc. (NASDAQ:TMUSFree Report) by 16.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,421 shares of the Wireless communications provider’s stock after acquiring an additional 775 shares during the quarter. Spire Wealth Management’s holdings in T-Mobile US were worth $885,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of TMUS. Csenge Advisory Group lifted its holdings in shares of T-Mobile US by 16.7% during the third quarter. Csenge Advisory Group now owns 7,407 shares of the Wireless communications provider’s stock worth $1,037,000 after purchasing an additional 1,060 shares during the period. Cullen Frost Bankers Inc. raised its position in T-Mobile US by 5.4% during the third quarter. Cullen Frost Bankers Inc. now owns 76,841 shares of the Wireless communications provider’s stock valued at $10,762,000 after acquiring an additional 3,943 shares in the last quarter. Empirical Finance LLC raised its position in T-Mobile US by 9.7% during the third quarter. Empirical Finance LLC now owns 19,005 shares of the Wireless communications provider’s stock valued at $2,662,000 after acquiring an additional 1,682 shares in the last quarter. Asahi Life Asset Management CO. LTD. raised its position in T-Mobile US by 159.2% during the third quarter. Asahi Life Asset Management CO. LTD. now owns 3,240 shares of the Wireless communications provider’s stock valued at $454,000 after acquiring an additional 1,990 shares in the last quarter. Finally, Capital Investment Advisory Services LLC purchased a new position in T-Mobile US during the third quarter valued at approximately $214,000. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Stock Down 0.1 %

Shares of TMUS traded down $0.10 during mid-day trading on Monday, reaching $163.90. The company’s stock had a trading volume of 2,983,356 shares, compared to its average volume of 4,502,697. T-Mobile US, Inc. has a 12-month low of $124.92 and a 12-month high of $168.64. The stock has a market cap of $192.07 billion, a PE ratio of 22.30, a price-to-earnings-growth ratio of 0.64 and a beta of 0.48. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.94 and a quick ratio of 0.86. The company’s 50 day moving average is $162.43 and its 200 day moving average is $159.69.

T-Mobile US (NASDAQ:TMUSGet Free Report) last announced its earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.17. The firm had revenue of $19.59 billion during the quarter, compared to analysts’ expectations of $19.81 billion. T-Mobile US had a return on equity of 13.61% and a net margin of 11.15%. The business’s revenue was down .2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.58 EPS. Equities analysts anticipate that T-Mobile US, Inc. will post 9.02 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Friday, May 31st will be issued a $0.65 dividend. The ex-dividend date is Friday, May 31st. This represents a $2.60 annualized dividend and a dividend yield of 1.59%. T-Mobile US’s dividend payout ratio is currently 35.37%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. StockNews.com upgraded T-Mobile US from a “hold” rating to a “buy” rating in a research report on Thursday. TD Cowen dropped their price target on T-Mobile US from $204.00 to $202.00 and set a “buy” rating for the company in a research report on Friday, April 26th. Morgan Stanley boosted their price target on T-Mobile US from $180.00 to $186.00 and gave the stock an “overweight” rating in a research report on Monday, January 29th. Wells Fargo & Company boosted their price target 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. Finally, Royal Bank of Canada boosted their price target on T-Mobile US from $184.00 to $188.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Fourteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $186.33.

Get Our Latest Stock Analysis on TMUS

Insider Activity

In other news, Director Telekom Ag Deutsche sold 194,910 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $162.10, for a total value of $31,594,911.00. Following the completion of the sale, the director now directly owns 687,007,181 shares of the company’s stock, valued at approximately $111,363,864,040.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Telekom Ag Deutsche sold 194,910 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $162.10, for a total value of $31,594,911.00. Following the completion of the transaction, the director now directly owns 687,007,181 shares of the company’s stock, valued at approximately $111,363,864,040.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Peter Osvaldik sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $161.30, for a total value of $3,226,000.00. Following the completion of the transaction, the chief financial officer now directly owns 84,041 shares of the company’s stock, valued at $13,555,813.30. The disclosure for this sale can be found here. Insiders sold 6,670,580 shares of company stock valued at $1,085,516,139 in the last three months. 0.67% of the stock is currently owned by company insiders.

T-Mobile US Profile

(Free Report)

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.

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Institutional Ownership by Quarter for T-Mobile US (NASDAQ:TMUS)

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