Independent Financial Group LLC Invests $558,000 in T-Mobile US, Inc. $TMUS

Independent Financial Group LLC acquired a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,659 shares of the Wireless communications provider’s stock, valued at approximately $558,000.

Other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new position in T-Mobile US in the 4th quarter valued at $1,335,918,000. Price T Rowe Associates Inc. MD grew its holdings in shares of T-Mobile US by 30.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,795,065 shares of the Wireless communications provider’s stock worth $5,643,511,000 after buying an additional 6,516,968 shares in the last quarter. Dodge & Cox raised its position in shares of T-Mobile US by 65.2% in the fourth quarter. Dodge & Cox now owns 6,185,972 shares of the Wireless communications provider’s stock valued at $1,256,000,000 after buying an additional 2,442,450 shares during the last quarter. Viking Global Investors LP raised its position in shares of T-Mobile US by 81.7% in the second quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider’s stock valued at $677,925,000 after buying an additional 1,279,422 shares during the last quarter. Finally, Amundi lifted its stake in shares of T-Mobile US by 44.6% in the third quarter. Amundi now owns 4,109,084 shares of the Wireless communications provider’s stock worth $924,380,000 after buying an additional 1,266,808 shares in the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

T-Mobile US Trading Up 0.1%

NASDAQ:TMUS opened at $190.94 on Thursday. T-Mobile US, Inc. has a 12-month low of $165.66 and a 12-month high of $261.56. The firm has a market cap of $206.64 billion, a PE ratio of 20.31, a price-to-earnings-growth ratio of 1.13 and a beta of 0.33. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.58. The stock has a fifty day moving average price of $184.99 and a 200 day moving average price of $195.97.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.26. T-Mobile US had a net margin of 11.65% and a return on equity of 19.47%. The firm had revenue of $23.11 billion for the quarter, compared to analysts’ expectations of $22.98 billion. During the same quarter last year, the company earned $2.58 earnings per share. The firm’s revenue was up 10.6% compared to the same quarter last year. Sell-side analysts anticipate that T-Mobile US, Inc. will post 10.53 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 28th will be given a $1.02 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $4.08 dividend on an annualized basis and a yield of 2.1%. T-Mobile US’s payout ratio is 43.40%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on TMUS shares. Morgan Stanley dropped their price target on T-Mobile US from $260.00 to $230.00 and set an “overweight” rating for the company in a research report on Tuesday, July 7th. Bank of America raised T-Mobile US from a “neutral” rating to a “buy” rating and set a $220.00 price objective on the stock in a research note on Monday, July 6th. Scotiabank dropped their target price on T-Mobile US from $263.00 to $243.00 and set a “sector outperform” rating for the company in a report on Wednesday, July 15th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of T-Mobile US in a research note on Wednesday, April 29th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of T-Mobile US in a report on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $254.56.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, insider Michael J. Katz sold 5,000 shares of the company’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $195.81, for a total value of $979,050.00. Following the completion of the transaction, the insider owned 181,930 shares in the company, valued at $35,623,713.30. This represents a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Andre Almeida bought 5,097 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were purchased at an average price of $196.18 per share, for a total transaction of $999,929.46. Following the transaction, the insider directly owned 44,850 shares of the company’s stock, valued at approximately $8,798,673. This represents a 12.82% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.32% of the stock is currently owned by insiders.

T-Mobile US Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.