Eagle Wealth Strategies LLC Acquires Shares of 3,040 T-Mobile US, Inc. (NASDAQ:TMUS)

Eagle Wealth Strategies LLC acquired a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 3,040 shares of the Wireless communications provider’s stock, valued at approximately $487,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Blue Chip Partners LLC acquired a new position in shares of T-Mobile US in the fourth quarter valued at $102,000. Legacy Capital Wealth Partners LLC increased its holdings in shares of T-Mobile US by 11.6% in the fourth quarter. Legacy Capital Wealth Partners LLC now owns 1,861 shares of the Wireless communications provider’s stock valued at $298,000 after purchasing an additional 194 shares during the last quarter. Paradigm Financial Partners LLC grew its stake in shares of T-Mobile US by 1.3% in the fourth quarter. Paradigm Financial Partners LLC now owns 31,656 shares of the Wireless communications provider’s stock valued at $5,075,000 after acquiring an additional 416 shares in the last quarter. PGGM Investments grew its stake in shares of T-Mobile US by 63.3% in the fourth quarter. PGGM Investments now owns 12,030 shares of the Wireless communications provider’s stock valued at $1,929,000 after acquiring an additional 4,662 shares in the last quarter. Finally, Bank OZK grew its stake in shares of T-Mobile US by 9.6% in the fourth quarter. Bank OZK now owns 13,409 shares of the Wireless communications provider’s stock valued at $2,150,000 after acquiring an additional 1,171 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Price Performance

TMUS stock opened at $163.96 on Monday. T-Mobile US, Inc. has a 1 year low of $124.92 and a 1 year high of $168.64. The stock has a market capitalization of $194.60 billion, a PE ratio of 22.31, a price-to-earnings-growth ratio of 0.67 and a beta of 0.49. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.94 and a quick ratio of 0.86. The company’s 50-day moving average is $162.51 and its 200-day moving average is $157.18.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $19.59 billion for the quarter, compared to analysts’ expectations of $19.81 billion. During the same quarter last year, the firm earned $1.58 EPS. The company’s quarterly revenue was down .2% compared to the same quarter last year. Equities research analysts expect that T-Mobile US, Inc. will post 8.97 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Friday, May 31st will be paid a $0.65 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $2.60 dividend on an annualized basis and a yield of 1.59%. T-Mobile US’s dividend payout ratio is 35.37%.

Wall Street Analysts Forecast Growth

TMUS has been the topic of several research reports. Citigroup upped their price target on shares of T-Mobile US from $176.00 to $184.00 and gave the company a “buy” rating in a research note on Monday, March 25th. TD Cowen reduced their price objective on shares of T-Mobile US from $204.00 to $202.00 and set a “buy” rating on the stock in a research note on Friday. KeyCorp increased their price objective on shares of T-Mobile US from $175.00 to $185.00 and gave the stock an “overweight” rating in a research note on Friday. Oppenheimer reissued an “outperform” rating and issued a $190.00 target price on shares of T-Mobile US in a report on Wednesday, April 3rd. Finally, Royal Bank of Canada raised their price objective on shares of T-Mobile US from $184.00 to $188.00 and gave the company an “outperform” rating in a report on Friday. One analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, T-Mobile US presently has an average rating of “Buy” and a consensus price target of $186.33.

Insider Activity at T-Mobile US

In related news, insider Michael J. Katz sold 6,655 shares of T-Mobile US stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $161.23, for a total value of $1,072,985.65. Following the completion of the transaction, the insider now directly owns 126,616 shares in the company, valued at approximately $20,414,297.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other T-Mobile US news, insider Michael J. Katz sold 6,655 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $161.23, for a total value of $1,072,985.65. Following the completion of the transaction, the insider now directly owns 126,616 shares of the company’s stock, valued at approximately $20,414,297.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Callie R. Field sold 5,844 shares of T-Mobile US stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $168.44, for a total transaction of $984,363.36. Following the sale, the insider now directly owns 102,555 shares of the company’s stock, valued at $17,274,364.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,985,409 shares of company stock worth $971,083,803. Corporate insiders own 0.70% of the company’s stock.

About T-Mobile US

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.