Dakota Wealth Management Grows Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Dakota Wealth Management lifted its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 14.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,258 shares of the Wireless communications provider's stock after purchasing an additional 6,238 shares during the quarter. Dakota Wealth Management's holdings in T-Mobile US were worth $12,871,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Ancora Advisors LLC grew its holdings in T-Mobile US by 16.6% during the fourth quarter. Ancora Advisors LLC now owns 260 shares of the Wireless communications provider's stock worth $57,000 after buying an additional 37 shares in the last quarter. Snowden Capital Advisors LLC grew its holdings in T-Mobile US by 0.6% during the fourth quarter. Snowden Capital Advisors LLC now owns 6,394 shares of the Wireless communications provider's stock worth $1,411,000 after buying an additional 40 shares in the last quarter. Signaturefd LLC grew its holdings in T-Mobile US by 0.4% during the fourth quarter. Signaturefd LLC now owns 11,324 shares of the Wireless communications provider's stock worth $2,499,000 after buying an additional 41 shares in the last quarter. Financial Management Professionals Inc. grew its holdings in T-Mobile US by 15.6% during the first quarter. Financial Management Professionals Inc. now owns 303 shares of the Wireless communications provider's stock worth $81,000 after buying an additional 41 shares in the last quarter. Finally, Hohimer Wealth Management LLC grew its holdings in T-Mobile US by 2.3% during the first quarter. Hohimer Wealth Management LLC now owns 1,800 shares of the Wireless communications provider's stock worth $480,000 after buying an additional 41 shares in the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the firm's stock in a transaction dated 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 transaction, the director owned 647,660,844 shares in the company, valued at $154,195,093,739.52. This trade represents a 0.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders sold 1,116,990 shares of company stock valued at $256,892,992. 0.37% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TMUS. Arete Research upgraded T-Mobile US to a "strong-buy" rating in a report on Tuesday, July 8th. Morgan Stanley upped their price target on T-Mobile US from $265.00 to $280.00 and gave the stock an "overweight" rating in a report on Wednesday. Royal Bank Of Canada upped their price target on T-Mobile US from $245.00 to $260.00 and gave the stock a "sector perform" rating in a report on Friday, March 21st. Redburn Atlantic upgraded T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price target for the company in a report on Monday, July 7th. Finally, Benchmark reaffirmed a "buy" rating and set a $275.00 target price on shares of T-Mobile US in a research report on Thursday, March 27th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, ten have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $252.61.

T-Mobile US Price Performance

NASDAQ TMUS traded down $2.02 during trading hours on Thursday, hitting $226.72. The company had a trading volume of 1,207,234 shares, compared to its average volume of 4,091,416. T-Mobile US, Inc. has a 52 week low of $173.74 and a 52 week high of $276.49. The firm has a 50 day simple moving average of $236.04 and a 200 day simple moving average of $243.63. 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 $257.43 billion, a price-to-earnings ratio of 22.10, a PEG ratio of 1.26 and a beta of 0.62.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 EPS for the quarter, topping the consensus estimate of $2.48 by $0.10. T-Mobile US had a return on equity of 19.09% and a net margin of 14.41%. The business had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.67 billion. During the same quarter last year, the company earned $2.00 EPS. The firm's revenue was up 6.6% compared to the same quarter last year. Equities research 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. Shareholders of record on Friday, August 29th will be paid 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 1.55%. T-Mobile US's dividend payout ratio is currently 34.34%.

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.