Independent Financial Group LLC Takes Position in T-Mobile US, Inc. $TMUS

Independent Financial Group LLC bought a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,659 shares of the Wireless communications provider’s stock, valued at approximately $558,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Aware Super Pty Ltd as trustee of Aware Super acquired a new position in shares of T-Mobile US in the first quarter valued at approximately $34,256,000. Wealthfront Advisers LLC lifted its holdings in shares of T-Mobile US by 21.5% during the first quarter. Wealthfront Advisers LLC now owns 77,195 shares of the Wireless communications provider’s stock worth $16,213,000 after purchasing an additional 13,663 shares during the period. Geneos Wealth Management Inc. lifted its holdings in shares of T-Mobile US by 37.3% during the first quarter. Geneos Wealth Management Inc. now owns 324 shares of the Wireless communications provider’s stock worth $68,000 after purchasing an additional 88 shares during the period. Harel Insurance Investments & Financial Services Ltd. purchased a new position in T-Mobile US in the 1st quarter valued at $336,000. Finally, Signet Financial Management LLC increased its stake in T-Mobile US by 54.1% in the 1st quarter. Signet Financial Management LLC now owns 10,810 shares of the Wireless communications provider’s stock valued at $2,270,000 after buying an additional 3,793 shares during the period. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insider Activity

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

T-Mobile US Price Performance

Shares of NASDAQ TMUS opened at $190.94 on Thursday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.97 and a current ratio of 1.09. T-Mobile US, Inc. has a one year low of $165.66 and a one year high of $261.56. The firm has a market capitalization of $206.64 billion, a P/E ratio of 20.31, a PEG ratio of 1.13 and a beta of 0.33. The company’s fifty day moving average is $184.99 and its two-hundred day moving average is $195.97.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share (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 during the quarter, compared to the consensus estimate of $22.98 billion. During the same quarter last year, the firm posted $2.58 EPS. The business’s revenue was up 10.6% compared to the same quarter last year. Analysts forecast that T-Mobile US, Inc. will post 10.53 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 28th will be issued a $1.02 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $4.08 dividend on an annualized basis and a yield of 2.1%. T-Mobile US’s dividend payout ratio (DPR) is 43.40%.

Wall Street Analysts Forecast Growth

TMUS has been the subject of a number of analyst reports. Wall Street Zen upgraded shares of T-Mobile US from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Wells Fargo & Company began coverage on shares of T-Mobile US in a research note on Wednesday, July 8th. They set an “equal weight” rating and a $170.00 price target on the stock. Freedom Capital raised shares of T-Mobile US from a “hold” rating to a “strong-buy” rating in a report on Friday, April 17th. Moffett Nathanson upgraded shares of T-Mobile US from a “neutral” rating to a “buy” rating and set a $254.00 price objective for the company in a research report on Wednesday, April 8th. Finally, Oppenheimer raised T-Mobile US from a “market perform” rating to an “outperform” rating and set a $260.00 price objective on the stock in a report on Wednesday, April 29th. 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, the company has an average rating of “Moderate Buy” and an average target price of $254.56.

T-Mobile US Company Profile

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.