MGB Wealth Management LLC Has $446,000 Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

MGB Wealth Management LLC increased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 3.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,734 shares of the Wireless communications provider’s stock after purchasing an additional 100 shares during the quarter. MGB Wealth Management LLC’s holdings in T-Mobile US were worth $446,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in TMUS. Sei Investments Co. increased its position in T-Mobile US by 3.1% in the 4th quarter. Sei Investments Co. now owns 184,478 shares of the Wireless communications provider’s stock valued at $29,574,000 after acquiring an additional 5,552 shares in the last quarter. Pacer Advisors Inc. increased its position in T-Mobile US by 31.4% in the 4th quarter. Pacer Advisors Inc. now owns 107,660 shares of the Wireless communications provider’s stock valued at $17,261,000 after acquiring an additional 25,700 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in T-Mobile US in the 1st quarter valued at about $1,908,000. Caprock Group LLC increased its position in T-Mobile US by 105.8% in the 4th quarter. Caprock Group LLC now owns 23,063 shares of the Wireless communications provider’s stock valued at $3,698,000 after acquiring an additional 11,854 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its position in T-Mobile US by 41.9% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 16,185 shares of the Wireless communications provider’s stock valued at $2,595,000 after acquiring an additional 4,777 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Analyst Upgrades and Downgrades

TMUS has been the subject of several research reports. StockNews.com cut shares of T-Mobile US from a “buy” rating to a “hold” rating in a research report on Wednesday, July 3rd. Citigroup lifted their price target on shares of T-Mobile US from $176.00 to $184.00 and gave the stock a “buy” rating in a research report on Monday, March 25th. TD Cowen lowered their price target on shares of T-Mobile US from $204.00 to $202.00 and set a “buy” rating for the company in a research report on Friday, April 26th. The Goldman Sachs Group began coverage on shares of T-Mobile US in a research report on Monday, July 1st. They set a “buy” rating and a $200.00 price target for the company. Finally, Royal Bank of Canada lifted their price target on shares of T-Mobile US from $184.00 to $188.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. One research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, T-Mobile US has an average rating of “Buy” and a consensus target price of $190.79.

T-Mobile US Stock Up 0.5 %

TMUS traded up $0.92 during trading on Friday, reaching $179.73. 1,159,396 shares of the stock were exchanged, compared to its average volume of 4,773,101. The stock has a market cap of $210.62 billion, a P/E ratio of 24.33, a price-to-earnings-growth ratio of 0.70 and a beta of 0.51. T-Mobile US, Inc. has a twelve month low of $131.47 and a twelve month high of $182.67. The stock’s 50 day moving average price is $172.57 and its two-hundred day moving average price is $165.88. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.86 and a current ratio of 0.94.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.17. T-Mobile US had a net margin of 11.15% and a return on equity of 13.61%. The business had revenue of $19.59 billion for the quarter, compared to the consensus estimate of $19.81 billion. During the same period in the previous year, the company earned $1.58 earnings per share. The firm’s revenue for the quarter was down .2% on a year-over-year basis. Equities analysts expect that T-Mobile US, Inc. will post 9.02 EPS for the current year.

T-Mobile US Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Friday, August 30th will be issued a $0.65 dividend. The ex-dividend date is Friday, August 30th. This represents a $2.60 annualized dividend and a dividend yield of 1.45%. T-Mobile US’s dividend payout ratio is currently 35.37%.

Insider Buying and Selling at T-Mobile US

In related news, insider Jon Freier sold 20,000 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $164.38, for a total value of $3,287,600.00. Following the transaction, the insider now directly owns 172,628 shares in the company, valued at $28,376,590.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Jon Freier sold 20,000 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $164.38, for a total value of $3,287,600.00. Following the transaction, the insider now directly owns 172,628 shares in the company, valued at $28,376,590.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Telekom Ag Deutsche sold 170,703 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $160.24, for a total transaction of $27,353,448.72. Following the completion of the transaction, the director now owns 679,776,137 shares in the company, valued at $108,927,328,192.88. The disclosure for this sale can be found here. Insiders have sold a total of 5,678,884 shares of company stock worth $955,868,736 over the last ninety days. Insiders own 0.67% of the company’s stock.

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.