Consolidated Planning Corp Purchases Shares of 14,935 T-Mobile US, Inc. (NASDAQ:TMUS)

Consolidated Planning Corp purchased a new stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 14,935 shares of the Wireless communications provider's stock, valued at approximately $3,983,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Sawgrass Asset Management LLC acquired a new stake in shares of T-Mobile US in the first quarter valued at about $6,543,000. Moser Wealth Advisors LLC increased its position in shares of T-Mobile US by 9.0% in the first quarter. Moser Wealth Advisors LLC now owns 905 shares of the Wireless communications provider's stock valued at $241,000 after acquiring an additional 75 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of T-Mobile US by 6.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 40,839 shares of the Wireless communications provider's stock valued at $10,892,000 after acquiring an additional 2,649 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of T-Mobile US in the first quarter valued at about $3,654,000. Finally, Childress Capital Advisors LLC increased its position in shares of T-Mobile US by 4.3% in the first quarter. Childress Capital Advisors LLC now owns 1,120 shares of the Wireless communications provider's stock valued at $299,000 after acquiring an additional 46 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company's stock.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the business's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $230.16, for a total transaction of $16,074,374.40. Following the completion of the transaction, the director now directly owns 588,274,099 shares in the company, valued at $135,397,166,625.84. The trade was a 0.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last ninety days, insiders sold 279,360 shares of company stock worth $63,022,219. Company insiders own 0.37% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on TMUS shares. Hsbc Global Res downgraded T-Mobile US from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Royal Bank Of Canada lifted their target price on T-Mobile US from $245.00 to $260.00 and gave the company a "sector perform" rating in a research report on Friday, March 21st. JPMorgan Chase & Co. lifted their target price on T-Mobile US from $265.00 to $270.00 and gave the company an "overweight" rating in a research report on Tuesday, March 18th. Wells Fargo & Company reaffirmed an "equal weight" rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Finally, Wall Street Zen cut T-Mobile US from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Eleven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $257.68.

T-Mobile US Trading Up 0.2%

Shares of NASDAQ:TMUS opened at $221.52 on Monday. T-Mobile US, Inc. has a 12-month low of $173.74 and a 12-month high of $276.49. The stock has a market cap of $251.52 billion, a PE ratio of 21.61, a P/E/G ratio of 1.22 and a beta of 0.64. The business has a 50 day moving average of $243.17 and a 200-day moving average of $243.06. The company has a quick ratio of 1.08, a current ratio of 1.16 and a debt-to-equity ratio of 1.35.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.48 by $0.10. The business had revenue of $20.89 billion during the quarter, compared to analysts' expectations of $20.67 billion. T-Mobile US had a return on equity of 19.09% and a net margin of 14.41%. The firm's revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the previous year, the company posted $2.00 earnings per share. As a group, equities research analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be paid a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.59%. The ex-dividend date is Friday, August 29th. T-Mobile US's dividend payout ratio (DPR) is currently 34.34%.

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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