AE Wealth Management LLC Raises Position in T-Mobile US, Inc. (NASDAQ:TMUS)

AE Wealth Management LLC grew its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 9.6% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 22,828 shares of the Wireless communications provider's stock after acquiring an additional 1,996 shares during the quarter. AE Wealth Management LLC's holdings in T-Mobile US were worth $6,089,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Godsey & Gibb Inc. raised its holdings in shares of T-Mobile US by 139.5% during the 1st quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock worth $27,000 after buying an additional 60 shares in the last quarter. CoreFirst Bank & Trust acquired a new position in T-Mobile US in the 4th quarter worth about $28,000. Adirondack Trust Co. increased its holdings in T-Mobile US by 366.7% in the 1st quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock worth $37,000 after purchasing an additional 110 shares in the last quarter. City Holding Co. increased its holdings in T-Mobile US by 45.3% in the 1st quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock worth $37,000 after purchasing an additional 43 shares in the last quarter. Finally, Pinney & Scofield Inc. acquired a new position in T-Mobile US in the 4th quarter worth about $39,000. Institutional investors and hedge funds own 42.49% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TMUS. Arete Research raised T-Mobile US to a "strong-buy" rating in a report on Tuesday, July 8th. Morgan Stanley upped their target price on T-Mobile US from $265.00 to $285.00 and gave the stock an "overweight" rating in a report on Thursday. Redburn Atlantic raised T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 target price for the company in a report on Monday, July 7th. Benchmark reaffirmed a "buy" rating and issued a $275.00 target price on shares of T-Mobile US in a report on Thursday, March 27th. Finally, Rothschild & Co Redburn raised T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price target for the company in a research note on Monday, July 7th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $256.31.

Insider Transactions at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $238.08, for a total value of $16,627,507.20. Following the completion of the sale, the director directly owned 647,660,844 shares of the company's stock, valued at $154,195,093,739.52. This represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold a total of 1,326,510 shares of company stock valued at $305,246,018 in the last 90 days. 0.37% of the stock is currently owned by corporate insiders.

T-Mobile US Stock Down 1.6%

NASDAQ:TMUS traded down $3.95 on Friday, hitting $243.55. The stock had a trading volume of 5,204,895 shares, compared to its average volume of 4,120,475. The business's fifty day moving average is $235.19 and its 200 day moving average is $244.45. The company has a market cap of $274.10 billion, a PE ratio of 22.98, a P/E/G ratio of 1.37 and a beta of 0.62. The company has a quick ratio of 1.08, a current ratio of 1.21 and a debt-to-equity ratio of 1.33. T-Mobile US, Inc. has a 52 week low of $173.74 and a 52 week high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.69 by $0.15. The business had revenue of $21.13 billion for the quarter, compared to analyst estimates of $20.99 billion. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%. The company's quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.49 earnings per share. On average, equities research analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be issued a $0.88 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $3.52 annualized dividend and a yield of 1.45%. T-Mobile US's payout ratio is currently 33.21%.

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.