Global Wealth Management Investment Advisory Inc. Purchases 3,019 Shares of T-Mobile US, Inc. $TMUS

Global Wealth Management Investment Advisory Inc. grew its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 25.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,956 shares of the Wireless communications provider’s stock after purchasing an additional 3,019 shares during the quarter. Global Wealth Management Investment Advisory Inc.’s holdings in T-Mobile US were worth $3,037,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of TMUS. United Community Bank lifted its position in shares of T-Mobile US by 131.1% during the 3rd quarter. United Community Bank now owns 104 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 59 shares during the period. JDM Financial Group LLC lifted its position in shares of T-Mobile US by 114.0% during the 4th quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 65 shares during the period. Turning Point Benefit Group Inc. lifted its position in shares of T-Mobile US by 3,825.0% during the 4th quarter. Turning Point Benefit Group Inc. now owns 157 shares of the Wireless communications provider’s stock valued at $32,000 after acquiring an additional 153 shares during the period. Cloud Capital Management LLC acquired a new position in shares of T-Mobile US during the 3rd quarter valued at $38,000. Finally, Ares Financial Consulting LLC acquired a new position in shares of T-Mobile US during the 4th quarter valued at $38,000. 42.49% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on TMUS. Freedom Capital upgraded shares of T-Mobile US from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. Wells Fargo & Company boosted their target price on shares of T-Mobile US from $225.00 to $235.00 and gave the company an “overweight” rating in a research report on Friday, February 13th. Benchmark reiterated a “buy” rating on shares of T-Mobile US in a research report on Thursday, February 12th. Weiss Ratings reiterated a “hold (c+)” rating on shares of T-Mobile US in a research report on Friday, April 10th. Finally, Moffett Nathanson upgraded shares of T-Mobile US from a “neutral” rating to a “buy” rating and set a $254.00 target price on the stock in a research report on Wednesday, April 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, T-Mobile US has a consensus rating of “Moderate Buy” and an average price target of $260.48.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $193.30 on Wednesday. T-Mobile US, Inc. has a 1 year low of $181.36 and a 1 year 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 firm has a market cap of $209.19 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 1.13 and a beta of 0.33. The company has a fifty day moving average price of $203.18 and a 200-day moving average price of $203.62.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.01 by $0.26. The firm had revenue of $23.11 billion during the quarter, compared to analyst estimates of $22.98 billion. T-Mobile US had a net margin of 11.65% and a return on equity of 19.47%. The business’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.58 EPS. As a group, equities research analysts predict that T-Mobile US, Inc. will post 10.65 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Friday, May 29th will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Friday, May 29th. T-Mobile US’s dividend payout ratio (DPR) is currently 43.40%.

Insider Activity

In other news, Director Raul Marcelo Claure sold 550,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $217.57, for a total value of $119,663,500.00. Following the completion of the transaction, the director directly owned 891,204 shares in the company, valued at approximately $193,899,254.28. This trade represents a 38.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director G Michael Sievert sold 80,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $214.94, for a total transaction of $17,195,200.00. Following the completion of the transaction, the director owned 140,696 shares of the company’s stock, valued at $30,241,198.24. This trade represents a 36.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 699,134 shares of company stock valued at $151,826,849. 0.37% of the stock is currently owned by corporate insiders.

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.