Diversify Wealth Management LLC Buys Shares of 13,170 T-Mobile US, Inc. $TMUS

Diversify Wealth Management LLC bought a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 13,170 shares of the Wireless communications provider’s stock, valued at approximately $2,610,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. JDM Financial Group LLC increased its position in T-Mobile US by 114.0% during the fourth quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock worth $25,000 after buying an additional 65 shares in the last quarter. Swiss RE Ltd. acquired a new position in shares of T-Mobile US in the fourth quarter worth $29,000. Turning Point Benefit Group Inc. raised its holdings in shares of T-Mobile US by 3,825.0% in the fourth quarter. Turning Point Benefit Group Inc. now owns 157 shares of the Wireless communications provider’s stock worth $32,000 after acquiring an additional 153 shares during the last quarter. Sachetta LLC lifted its position in shares of T-Mobile US by 52.9% in the first quarter. Sachetta LLC now owns 159 shares of the Wireless communications provider’s stock valued at $33,000 after acquiring an additional 55 shares in the last quarter. Finally, Acumen Wealth Advisors LLC purchased a new stake in shares of T-Mobile US in the fourth quarter valued at $36,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Performance

T-Mobile US stock opened at $188.48 on Tuesday. The company has a market cap of $203.97 billion, a price-to-earnings ratio of 20.05, a price-to-earnings-growth ratio of 1.11 and a beta of 0.33. T-Mobile US, Inc. has a 12 month low of $165.66 and a 12 month high of $261.56. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.09 and a quick ratio of 0.97. The stock’s 50-day moving average is $185.23 and its 200-day moving average is $196.50.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.01 by $0.26. The business had revenue of $23.11 billion during the quarter, compared to analysts’ expectations of $22.98 billion. T-Mobile US had a return on equity of 19.47% and a net margin of 11.65%.The company’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.58 EPS. Equities analysts anticipate that T-Mobile US, Inc. will post 10.65 earnings per share for the current year.

T-Mobile US Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 28th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, August 28th. T-Mobile US’s dividend payout ratio (DPR) is currently 43.40%.

Insider Activity

In related news, COO Jon Freier sold 4,799 shares of T-Mobile US stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $190.00, for a total transaction of $911,810.00. Following the transaction, the chief operating officer owned 217,168 shares in the company, valued at approximately $41,261,920. The trade was a 2.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Andre Almeida purchased 5,097 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were acquired at an average cost of $196.18 per share, with a total value of $999,929.46. Following the completion of the transaction, the insider owned 44,850 shares in the company, valued at $8,798,673. This trade represents a 12.82% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 0.32% of the company’s stock.

Wall Street Analyst Weigh In

TMUS has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft decreased their price objective on T-Mobile US from $300.00 to $285.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Weiss Ratings lowered shares of T-Mobile US from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 15th. Arete Research upped their target price on shares of T-Mobile US from $295.00 to $300.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Citigroup raised their price target on shares of T-Mobile US from $220.00 to $225.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 17th. Finally, DZ Bank reiterated a “buy” rating on shares of T-Mobile US in a report on Wednesday, May 6th. One investment 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 company currently has a consensus rating of “Moderate Buy” and a consensus price target of $255.76.

About T-Mobile US

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.