588 Shares in T-Mobile US, Inc. $TMUS Acquired by RMG Wealth Management LLC

RMG Wealth Management LLC acquired a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 588 shares of the Wireless communications provider’s stock, valued at approximately $134,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TMUS. Activest Wealth Management increased its stake in shares of T-Mobile US by 9,400.0% in the first quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 94 shares during the last quarter. Stone House Investment Management LLC acquired a new stake in T-Mobile US during the first quarter valued at $29,000. TCTC Holdings LLC grew its stake in T-Mobile US by 208.1% in the first quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider’s stock valued at $30,000 after purchasing an additional 77 shares in the last quarter. Missouri Trust & Investment Co increased its position in T-Mobile US by 807.7% in the 2nd quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 105 shares during the last quarter. Finally, City Holding Co. raised its stake in shares of T-Mobile US by 45.3% during the 1st quarter. City Holding Co. now owns 138 shares of the Wireless communications provider’s stock worth $37,000 after purchasing an additional 43 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insider Buying and Selling at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 64,426 shares of the firm’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $230.41, for a total value of $14,844,394.66. Following the sale, the director owned 628,297,455 shares in the company, valued at approximately $144,766,016,606.55. This trade represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders sold 2,579,219 shares of company stock valued at $621,776,150 over the last three months. 0.37% of the stock is currently owned by corporate insiders.

T-Mobile US Price Performance

NASDAQ TMUS opened at $224.96 on Tuesday. T-Mobile US, Inc. has a 1 year low of $207.40 and a 1 year high of $276.49. The company has a fifty day simple moving average of $244.30 and a 200 day simple moving average of $243.68. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33. The company has a market cap of $253.17 billion, a P/E ratio of 21.22, a P/E/G ratio of 1.27 and a beta of 0.59.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, topping the consensus estimate of $2.69 by $0.15. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The firm had revenue of $21.13 billion for the quarter, compared to the consensus estimate of $20.99 billion. During the same quarter last year, the firm posted $2.49 EPS. The business’s quarterly revenue was up 6.9% on a year-over-year basis. On average, sell-side analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be given a $1.02 dividend. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a $4.08 annualized dividend and a yield of 1.8%. This is an increase from T-Mobile US’s previous quarterly dividend of $0.88. T-Mobile US’s dividend payout ratio (DPR) is presently 38.49%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. KeyCorp reissued an “underweight” rating and issued a $200.00 price target on shares of T-Mobile US in a research note on Wednesday, July 9th. Wolfe Research decreased their target price on shares of T-Mobile US from $300.00 to $290.00 and set an “outperform” rating for the company in a research report on Tuesday, September 30th. Deutsche Bank Aktiengesellschaft increased their price target on shares of T-Mobile US from $280.00 to $300.00 in a research note on Thursday, October 2nd. Moffett Nathanson lifted their price objective on shares of T-Mobile US from $210.00 to $230.00 and gave the company a “neutral” rating in a research note on Thursday, October 2nd. Finally, Scotiabank increased their target price on shares of T-Mobile US from $271.50 to $278.00 and gave the stock a “sector outperform” rating in a research report on Monday. Three analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $264.29.

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.