9,151 Shares in T-Mobile US, Inc. $TMUS Bought by Marion Wealth Management

Marion Wealth Management bought a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,151 shares of the Wireless communications provider’s stock, valued at approximately $2,180,000.

Several other institutional investors have also recently made changes to their positions in the business. Wellington Management Group LLP raised its holdings in shares of T-Mobile US by 1.7% during the first quarter. Wellington Management Group LLP now owns 12,846,939 shares of the Wireless communications provider’s stock worth $3,426,407,000 after purchasing an additional 214,224 shares during the last quarter. Canada Pension Plan Investment Board increased its holdings in T-Mobile US by 14.3% in the first quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider’s stock valued at $1,837,399,000 after buying an additional 864,030 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in T-Mobile US by 25.4% in the first quarter. Goldman Sachs Group Inc. now owns 4,172,644 shares of the Wireless communications provider’s stock valued at $1,112,886,000 after buying an additional 844,932 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in T-Mobile US by 4.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,050,797 shares of the Wireless communications provider’s stock valued at $1,080,388,000 after buying an additional 169,562 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in T-Mobile US by 2.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,295,432 shares of the Wireless communications provider’s stock valued at $878,925,000 after buying an additional 65,394 shares in 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 a number of recent analyst reports. Zacks Research cut shares of T-Mobile US from a “hold” rating to a “strong sell” rating in a report on Monday, October 27th. Scotiabank lifted their price objective on shares of T-Mobile US from $271.50 to $278.00 and gave the company a “sector outperform” rating in a report on Monday, October 6th. The Goldman Sachs Group initiated coverage on shares of T-Mobile US in a report on Tuesday, September 2nd. They issued a “buy” rating and a $286.00 price objective for the company. Arete Research raised shares of T-Mobile US to a “strong-buy” rating in a report on Tuesday, July 8th. Finally, Benchmark lifted their price objective on shares of T-Mobile US from $275.00 to $295.00 and gave the company a “buy” rating in a report on Friday, October 10th. Three analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, T-Mobile US has a consensus rating of “Moderate Buy” and an average price target of $266.63.

Insider Activity

In related news, Director Telekom Ag Deutsche sold 1,374 shares of the business’s stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $220.46, for a total transaction of $302,912.04. Following the transaction, the director directly owned 582,065,875 shares in the company, valued at approximately $128,322,242,802.50. The trade was a 0.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 2,252,901 shares of company stock valued at $540,251,450 in the last quarter. 0.37% of the stock is owned by company insiders.

T-Mobile US Stock Down 3.2%

Shares of NASDAQ TMUS opened at $203.32 on Tuesday. The company’s 50-day simple moving average is $234.21 and its 200-day simple moving average is $238.40. T-Mobile US, Inc. has a 52-week low of $202.73 and a 52-week high of $276.49. The firm has a market cap of $227.41 billion, a price-to-earnings ratio of 19.55, a price-to-earnings-growth ratio of 1.51 and a beta of 0.59. The company has a quick ratio of 0.80, a current ratio of 0.89 and a debt-to-equity ratio of 1.37.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.40 by $0.01. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. The business had revenue of $21.96 billion for the quarter, compared to analyst estimates of $21.61 billion. During the same quarter last year, the business earned $2.61 earnings per share. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. Equities analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be given a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 2.0%. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.88. The ex-dividend date is Wednesday, November 26th. T-Mobile US’s dividend payout ratio (DPR) is 39.23%.

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.