Global Wealth Management Investment Advisory Inc. Has $2.86 Million Holdings in T-Mobile US, Inc. $TMUS

Global Wealth Management Investment Advisory Inc. increased its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 47.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 11,937 shares of the Wireless communications provider’s stock after purchasing an additional 3,850 shares during the quarter. Global Wealth Management Investment Advisory Inc.’s holdings in T-Mobile US were worth $2,858,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TMUS. Allworth Financial LP increased its position in T-Mobile US by 14.2% during the second quarter. Allworth Financial LP now owns 6,530 shares of the Wireless communications provider’s stock worth $1,556,000 after acquiring an additional 810 shares during the period. NorthCrest Asset Manangement LLC acquired a new stake in T-Mobile US in the 2nd quarter worth $284,000. Berkshire Bank grew its position in T-Mobile US by 12.5% in the 2nd quarter. Berkshire Bank now owns 12,593 shares of the Wireless communications provider’s stock worth $3,000,000 after purchasing an additional 1,400 shares during the last quarter. Associated Banc Corp increased its holdings in shares of T-Mobile US by 50.6% during the 2nd quarter. Associated Banc Corp now owns 25,903 shares of the Wireless communications provider’s stock worth $6,172,000 after purchasing an additional 8,700 shares during the period. Finally, OMERS ADMINISTRATION Corp raised its position in shares of T-Mobile US by 930.5% during the second quarter. OMERS ADMINISTRATION Corp now owns 195,267 shares of the Wireless communications provider’s stock valued at $46,524,000 after buying an additional 176,319 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Price Performance

Shares of TMUS stock opened at $189.67 on Wednesday. The stock’s fifty day simple moving average is $203.66 and its 200 day simple moving average is $225.21. T-Mobile US, Inc. has a one year low of $188.12 and a one year high of $276.49. The firm has a market cap of $212.15 billion, a price-to-earnings ratio of 18.24, a P/E/G ratio of 1.12 and a beta of 0.45. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.89 and a quick ratio of 0.80.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.40 by $0.01. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The company had revenue of $21.96 billion during the quarter, compared to analysts’ expectations of $21.61 billion. During the same period last year, the business earned $2.61 earnings per share. The business’s revenue was up 8.9% on a year-over-year basis. On average, analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Friday, February 27th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Friday, February 27th. T-Mobile US’s dividend payout ratio is currently 39.23%.

Insider Activity at T-Mobile US

In other news, CEO Srini Gopalan bought 9,800 shares of the business’s stock in a transaction dated Thursday, November 6th. The stock was bought at an average price of $201.82 per share, for a total transaction of $1,977,836.00. Following the completion of the purchase, the chief executive officer owned 90,258 shares of the company’s stock, valued at approximately $18,215,869.56. The trade was a 12.18% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael J. Katz sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $215.91, for a total value of $539,775.00. Following the completion of the transaction, the insider directly owned 156,203 shares in the company, valued at $33,725,789.73. The trade was a 1.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 399,619 shares of company stock valued at $89,390,980. Insiders own 0.37% of the company’s stock.

Analyst Upgrades and Downgrades

TMUS has been the topic of a number of recent research reports. UBS Group reissued a “buy” rating on shares of T-Mobile US in a research report on Wednesday, December 10th. DZ Bank reissued a “buy” rating on shares of T-Mobile US in a report on Tuesday, October 28th. Williams Trading set a $263.00 target price on T-Mobile US in a research note on Friday, October 24th. Scotiabank raised their target price on T-Mobile US from $271.50 to $278.00 and gave the stock a “sector outperform” rating in a research report on Monday, October 6th. Finally, The Goldman Sachs Group decreased their price target on shares of T-Mobile US from $287.00 to $251.00 and set a “buy” rating on the stock in a research note on Friday, December 12th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and thirteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, T-Mobile US currently has a consensus rating of “Moderate Buy” and an average price target of $260.17.

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.