Resources Management Corp CT ADV Has $7.58 Million Stock Holdings in T-Mobile US, Inc. $TMUS

Resources Management Corp CT ADV increased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUSFree Report) by 53.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,328 shares of the Wireless communications provider’s stock after buying an additional 12,979 shares during the period. T-Mobile US comprises approximately 1.0% of Resources Management Corp CT ADV’s portfolio, making the stock its 23rd largest position. Resources Management Corp CT ADV’s holdings in T-Mobile US were worth $7,579,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. JDM Financial Group LLC lifted its position in shares of T-Mobile US by 114.0% in the 4th quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 65 shares during the period. Swiss RE Ltd. acquired a new position in shares of T-Mobile US during the 4th quarter valued at $29,000. 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. Acumen Wealth Advisors LLC acquired a new position in shares of T-Mobile US during the 4th quarter valued at $36,000. Finally, United Community Bank increased its stake in T-Mobile US by 78.8% during the 4th quarter. United Community Bank now owns 186 shares of the Wireless communications provider’s stock valued at $38,000 after purchasing an additional 82 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, insider Andre Almeida purchased 5,097 shares of T-Mobile US stock in a transaction on Friday, May 1st. The shares were acquired at an average cost of $196.18 per share, for a total transaction of $999,929.46. Following the completion of the transaction, the insider directly owned 44,850 shares of the company’s stock, valued at approximately $8,798,673. The trade was a 12.82% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Michael J. Katz sold 5,000 shares of the stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $195.81, for a total transaction of $979,050.00. Following the transaction, the insider owned 181,930 shares in the company, valued at $35,623,713.30. The trade was a 2.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.32% of the company’s stock.

T-Mobile US Stock Performance

Shares of TMUS opened at $189.10 on Monday. The firm’s 50 day simple moving average is $191.00 and its 200 day simple moving average is $199.64. The company has a market capitalization of $204.64 billion, a P/E ratio of 20.12, a P/E/G ratio of 1.10 and a beta of 0.31. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.09 and a quick ratio of 0.97. T-Mobile US, Inc. has a 1-year low of $174.02 and a 1-year high of $261.56.

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

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Friday, May 29th were given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Friday, May 29th. T-Mobile US’s dividend payout ratio (DPR) is presently 43.40%.

T-Mobile US News Roundup

Here are the key news stories impacting T-Mobile US this week:

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Moffett Nathanson upgraded shares of T-Mobile US from a “neutral” rating to a “buy” rating and set a $254.00 price target for the company in a research note on Wednesday, April 8th. Freedom Capital raised shares of T-Mobile US from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. UBS Group reaffirmed a “buy” rating on shares of T-Mobile US in a research report on Wednesday, April 29th. Barclays reiterated a “buy” rating on shares of T-Mobile US in a research report on Friday, April 24th. Finally, TD Cowen increased their target price on shares of T-Mobile US from $252.00 to $261.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $260.48.

View Our Latest Report on T-Mobile US

About T-Mobile US

(Free Report)

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.

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Institutional Ownership by Quarter for T-Mobile US (NASDAQ:TMUS)

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