Apollon Wealth Management LLC Increases Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Apollon Wealth Management LLC grew its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 274.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 55,222 shares of the Wireless communications provider's stock after purchasing an additional 40,460 shares during the quarter. Apollon Wealth Management LLC's holdings in T-Mobile US were worth $14,728,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in TMUS. Proficio Capital Partners LLC boosted its position in shares of T-Mobile US by 42.5% during the 4th quarter. Proficio Capital Partners LLC now owns 2,877 shares of the Wireless communications provider's stock valued at $635,000 after acquiring an additional 858 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of T-Mobile US by 24.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,519 shares of the Wireless communications provider's stock valued at $335,000 after buying an additional 298 shares during the period. Madison Investment Advisors LLC purchased a new position in shares of T-Mobile US during the fourth quarter valued at approximately $2,207,000. Frank Rimerman Advisors LLC increased its stake in shares of T-Mobile US by 8.5% during the fourth quarter. Frank Rimerman Advisors LLC now owns 6,248 shares of the Wireless communications provider's stock valued at $1,379,000 after buying an additional 492 shares during the period. Finally, Choate Investment Advisors boosted its position in shares of T-Mobile US by 22.7% during the fourth quarter. Choate Investment Advisors now owns 1,447 shares of the Wireless communications provider's stock valued at $319,000 after purchasing an additional 268 shares in the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at T-Mobile US

In other T-Mobile US 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 transaction of $16,627,507.20. Following the transaction, the director owned 647,660,844 shares in the company, valued at approximately $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 can be accessed through this hyperlink. Insiders sold a total of 907,470 shares of company stock worth $209,055,386 in the last quarter. Corporate insiders own 0.37% of the company's stock.

T-Mobile US Stock Down 0.2%

Shares of TMUS stock opened at $227.76 on Monday. The stock's 50-day simple moving average is $237.45 and its 200-day simple moving average is $243.82. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.08 and a current ratio of 1.16. The firm has a market capitalization of $258.61 billion, a PE ratio of 22.22, a P/E/G ratio of 1.27 and a beta of 0.62. T-Mobile US, Inc. has a fifty-two week low of $173.74 and a fifty-two week high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share for the quarter, beating analysts' consensus estimates of $2.48 by $0.10. The business had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.67 billion. T-Mobile US had a return on equity of 19.09% and a net margin of 14.41%. The company's revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the company earned $2.00 earnings per share. Equities analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.55%. The ex-dividend date is Friday, August 29th. T-Mobile US's dividend payout ratio (DPR) is 34.34%.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. KeyCorp reissued an "underweight" rating and issued a $200.00 target price on shares of T-Mobile US in a report on Wednesday, July 9th. Tigress Financial raised their price objective on T-Mobile US from $290.00 to $305.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. UBS Group downgraded T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 21st. Royal Bank Of Canada lifted their price objective on T-Mobile US from $245.00 to $260.00 and gave the stock a "sector perform" rating in a research note on Friday, March 21st. Finally, Bank of America initiated coverage on T-Mobile US in a research note on Monday, July 7th. They issued a "neutral" rating and a $255.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, ten have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $252.61.

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.

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