Consolidated Planning Corp Acquires 566 Shares of T-Mobile US, Inc. $TMUS

Consolidated Planning Corp increased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 3.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,501 shares of the Wireless communications provider’s stock after buying an additional 566 shares during the quarter. Consolidated Planning Corp’s holdings in T-Mobile US were worth $3,693,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of TMUS. Merit Financial Group LLC lifted its position in shares of T-Mobile US by 33.6% during the 1st quarter. Merit Financial Group LLC now owns 9,692 shares of the Wireless communications provider’s stock worth $2,585,000 after buying an additional 2,435 shares during the last quarter. Fulton Bank N.A. lifted its position in shares of T-Mobile US by 3.6% during the 1st quarter. Fulton Bank N.A. now owns 3,265 shares of the Wireless communications provider’s stock worth $871,000 after buying an additional 113 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in shares of T-Mobile US by 3.3% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 17,171 shares of the Wireless communications provider’s stock worth $4,580,000 after buying an additional 544 shares during the last quarter. TrueWealth Advisors LLC bought a new position in T-Mobile US in the first quarter valued at about $226,000. Finally, Contravisory Investment Management Inc. raised its position in T-Mobile US by 49,075.0% in the first quarter. Contravisory Investment Management Inc. now owns 1,967 shares of the Wireless communications provider’s stock valued at $525,000 after purchasing an additional 1,963 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other T-Mobile US news, Director Telekom Ag Deutsche sold 64,415 shares of the firm’s stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $238.11, for a total value of $15,337,855.65. Following the completion of the sale, the director owned 634,177,066 shares of the company’s stock, valued at approximately $151,003,901,185.26. 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 a total of 2,520,207 shares of company stock valued at $608,126,659 over the last ninety days. Company insiders own 0.37% of the company’s stock.

T-Mobile US Trading Down 2.6%

Shares of T-Mobile US stock opened at $233.26 on Thursday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21. T-Mobile US, Inc. has a 52 week low of $205.39 and a 52 week high of $276.49. The stock has a 50 day moving average price of $245.18 and a two-hundred day moving average price of $244.51. The stock has a market capitalization of $262.52 billion, a PE ratio of 22.01, a price-to-earnings-growth ratio of 1.31 and a beta of 0.59.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, beating analysts’ consensus estimates of $2.69 by $0.15. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The firm had revenue of $21.13 billion during the quarter, compared to analysts’ expectations of $20.99 billion. During the same quarter last year, the firm posted $2.49 earnings per share. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, equities analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 1.7%. This is a boost from T-Mobile US’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Wednesday, November 26th. T-Mobile US’s payout ratio is 33.21%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on TMUS shares. Royal Bank Of Canada increased their target price on T-Mobile US from $265.00 to $270.00 and gave the company a “sector perform” rating in a research report on Friday, July 25th. The Goldman Sachs Group started coverage on T-Mobile US in a research report on Tuesday, September 2nd. They issued a “buy” rating and a $286.00 target price for the company. Redburn Atlantic upgraded T-Mobile US from a “strong sell” rating to a “hold” rating and set a $228.00 target price for the company in a research report on Monday, July 7th. Bank of America started coverage on T-Mobile US in a research report on Monday, July 7th. They issued a “neutral” rating and a $255.00 target price for the company. Finally, Wolfe Research dropped their target price on T-Mobile US from $300.00 to $290.00 and set an “outperform” rating for the company in a research report on Tuesday. Three research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $262.26.

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.