MGB Wealth Management LLC Acquires 397 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

MGB Wealth Management LLC increased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 14.5% during the fourth quarter, HoldingsChannel reports. The firm owned 3,131 shares of the Wireless communications provider’s stock after buying an additional 397 shares during the period. MGB Wealth Management LLC’s holdings in T-Mobile US were worth $691,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. DT Investment Partners LLC raised its position in T-Mobile US by 65.3% in the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock worth $25,000 after buying an additional 47 shares during the last quarter. Dunhill Financial LLC lifted its position in T-Mobile US by 76.7% during the third quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock valued at $27,000 after purchasing an additional 56 shares during the period. Financial Life Planners purchased a new stake in T-Mobile US in the fourth quarter worth approximately $29,000. MFA Wealth Advisors LLC grew its position in T-Mobile US by 128.3% in the 3rd quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 77 shares during the period. Finally, Legacy Investment Solutions LLC purchased a new stake in T-Mobile US during the 3rd quarter valued at $34,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at T-Mobile US

In related news, Director Letitia A. Long sold 1,100 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $231.08, for a total transaction of $254,188.00. Following the completion of the transaction, the director now directly owns 5,653 shares of the company’s stock, valued at approximately $1,306,295.24. This represents a 16.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Andre Almeida acquired 3,808 shares of T-Mobile US stock in a transaction on Monday, December 9th. The stock was purchased at an average cost of $235.72 per share, for a total transaction of $897,621.76. Following the purchase, the director now owns 3,808 shares in the company, valued at approximately $897,621.76. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 3,100 shares of company stock worth $747,378. Insiders own 0.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on TMUS shares. Sanford C. Bernstein started coverage on T-Mobile US in a research note on Tuesday, December 10th. They issued a “market perform” rating and a $265.00 price target on the stock. Morgan Stanley began coverage on T-Mobile US in a research report on Monday, December 16th. They issued an “overweight” rating and a $280.00 target price on the stock. Bank of America boosted their price target on T-Mobile US from $240.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. TD Cowen increased their price objective on shares of T-Mobile US from $216.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, Barclays boosted their target price on shares of T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Seven analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $251.79.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $255.28 on Thursday. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. T-Mobile US, Inc. has a twelve month low of $158.84 and a twelve month high of $259.59. The business has a 50-day moving average price of $226.45 and a 200-day moving average price of $217.12. The firm has a market cap of $291.46 billion, a price-to-earnings ratio of 26.40, a price-to-earnings-growth ratio of 1.44 and a beta of 0.56.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. As a group, equities research analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be paid a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $3.52 annualized dividend and a yield of 1.38%. T-Mobile US’s payout ratio is 36.40%.

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.