Earned Wealth Advisors LLC Buys New Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Key Points

• Earned Wealth Advisors LLC purchased 1,819 shares of T-Mobile US, Inc. valued at approximately $485,000 during the first quarter.
• Multiple hedge funds, including Landscape Capital Management and Dynamic Technology Lab, have also increased their stakes in T-Mobile US, with institutional investors now owning 42.49% of the company's stock.
• T-Mobile US has announced a quarterly dividend of $0.88 per share, with the payout date set for September 11th, implying an annualized dividend yield of 1.5%.

Earned Wealth Advisors LLC bought a new position 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 & Exchange Commission. The fund bought 1,819 shares of the Wireless communications provider's stock, valued at approximately $485,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Landscape Capital Management L.L.C. purchased a new position in T-Mobile US during the 4th quarter valued at approximately $1,000,000. Dynamic Technology Lab Private Ltd bought a new position in shares of T-Mobile US during the 4th quarter valued at approximately $784,000. Envestnet Asset Management Inc. grew its holdings in shares of T-Mobile US by 1.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 1,073,800 shares of the Wireless communications provider's stock valued at $237,020,000 after purchasing an additional 12,862 shares in the last quarter. Bank of Montreal Can increased its position in T-Mobile US by 0.6% in the fourth quarter. Bank of Montreal Can now owns 1,076,017 shares of the Wireless communications provider's stock worth $237,509,000 after purchasing an additional 6,646 shares during the last quarter. Finally, Employees Retirement System of Texas raised its stake in T-Mobile US by 21.0% during the fourth quarter. Employees Retirement System of Texas now owns 375,900 shares of the Wireless communications provider's stock valued at $82,972,000 after purchasing an additional 65,243 shares in the last quarter. Institutional investors own 42.49% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on TMUS shares. Rothschild & Co Redburn raised shares of T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price objective for the company in a research note on Monday, July 7th. KeyCorp reiterated an "underweight" rating and issued a $200.00 price target on shares of T-Mobile US in a research report on Wednesday, July 9th. Wall Street Zen cut T-Mobile US from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. JPMorgan Chase & Co. raised their price objective on T-Mobile US from $270.00 to $280.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Finally, Morgan Stanley boosted their target price on T-Mobile US from $265.00 to $285.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, T-Mobile US presently has an average rating of "Moderate Buy" and a consensus target price of $256.31.

Insider Transactions at T-Mobile US

In other T-Mobile US news, insider Jon Freier sold 7,000 shares of T-Mobile US stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $250.00, for a total transaction of $1,750,000.00. Following the completion of the sale, the insider owned 199,643 shares of the company's stock, valued at approximately $49,910,750. The trade was a 3.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Telekom Ag Deutsche sold 69,840 shares of the business's stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $241.08, for a total value of $16,837,027.20. Following the sale, the director owned 646,473,564 shares in the company, valued at approximately $155,851,846,809.12. The trade was a 0.01% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,555,330 shares of company stock worth $360,568,811. Company insiders own 0.37% of the company's stock.

T-Mobile US Trading Down 0.5%

T-Mobile US stock opened at $237.20 on Monday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21. The stock has a market cap of $266.95 billion, a PE ratio of 22.38, a price-to-earnings-growth ratio of 1.30 and a beta of 0.62. The stock has a 50-day moving average of $234.89 and a two-hundred day moving average of $245.73. T-Mobile US, Inc. has a one year low of $185.39 and a one year high of $276.49.

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

T-Mobile US Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Friday, August 29th. T-Mobile US's payout ratio is presently 33.21%.

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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