Apollon Wealth Management LLC Purchases 7,900 Shares of T-Mobile US, Inc. $TMUS

Key Points

• Apollon Wealth Management LLC increased its stake in T-Mobile US, Inc. by 14.3% in Q2 by purchasing an additional 7,900 shares, bringing its total holdings to 63,122 shares worth approximately $15 million.
• T-Mobile US recently announced a new quarterly dividend of $1.02 per share, raising the annualized dividend yield to 1.8% from the previous $0.88.
• The company reported Q2 earnings of $2.84 EPS, surpassing analyst estimates, with revenue reaching $21.13 billion, a year-over-year increase of 6.9%.

Apollon Wealth Management LLC lifted its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 14.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 63,122 shares of the Wireless communications provider's stock after purchasing an additional 7,900 shares during the period. Apollon Wealth Management LLC's holdings in T-Mobile US were worth $15,039,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in TMUS. Wellington Management Group LLP lifted its stake in T-Mobile US by 1.7% in the first quarter. Wellington Management Group LLP now owns 12,846,939 shares of the Wireless communications provider's stock worth $3,426,407,000 after acquiring an additional 214,224 shares during the period. Canada Pension Plan Investment Board lifted its stake in T-Mobile US by 14.3% in the first quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider's stock worth $1,837,399,000 after acquiring an additional 864,030 shares during the period. Goldman Sachs Group Inc. lifted its stake in T-Mobile US by 25.4% in the first quarter. Goldman Sachs Group Inc. now owns 4,172,644 shares of the Wireless communications provider's stock worth $1,112,886,000 after acquiring an additional 844,932 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in T-Mobile US by 4.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,050,797 shares of the Wireless communications provider's stock worth $1,080,388,000 after acquiring an additional 169,562 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in T-Mobile US by 2.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,295,432 shares of the Wireless communications provider's stock worth $878,925,000 after acquiring an additional 65,394 shares during the period. Institutional investors own 42.49% of the company's stock.

T-Mobile US Stock Performance

Shares of T-Mobile US stock opened at $228.79 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $257.48 billion, a P/E ratio of 21.58, a P/E/G ratio of 1.54 and a beta of 0.59. The business has a fifty day simple moving average of $243.36 and a two-hundred day simple moving average of $243.02. T-Mobile US, Inc. has a 12 month low of $208.39 and a 12 month high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, beating the consensus estimate of $2.69 by $0.15. The business had revenue of $21.13 billion during 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 revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.49 earnings per share. On average, equities analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be given a $1.02 dividend. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a $4.08 annualized dividend and a dividend yield of 1.8%. This is a boost from T-Mobile US's previous quarterly dividend of $0.88. T-Mobile US's payout ratio is presently 33.21%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TMUS. Royal Bank Of Canada raised their price target on T-Mobile US from $265.00 to $270.00 and gave the stock a "sector perform" rating in a research note on Friday, July 25th. Deutsche Bank Aktiengesellschaft raised their price target on T-Mobile US from $280.00 to $300.00 in a research note on Thursday, October 2nd. Rothschild Redb raised T-Mobile US to a "hold" rating in a research note on Tuesday, September 30th. Redburn Atlantic raised T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price target for the company in a research note on Monday, July 7th. Finally, Raymond James Financial raised T-Mobile US to a "hold" rating in a research note on Wednesday, October 1st. Three analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $265.13.

Insider Activity

In other news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $232.63, for a total value of $16,246,879.20. Following the completion of the transaction, the director owned 646,822,764 shares of the company's stock, valued at $150,470,379,589.32. The trade was a 0.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders sold 2,499,001 shares of company stock valued at $602,845,239. 0.37% of the stock is owned by insiders.

T-Mobile US Company Profile

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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