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Geneos Wealth Management Inc. Has $3.99 Million Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

T-Mobile US logo with Computer and Technology background

Geneos Wealth Management Inc. lifted its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 77.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,942 shares of the Wireless communications provider's stock after purchasing an additional 6,534 shares during the quarter. Geneos Wealth Management Inc.'s holdings in T-Mobile US were worth $3,985,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of TMUS. AIA Group Ltd acquired a new stake in shares of T-Mobile US during the 4th quarter worth approximately $343,000. Summit Financial LLC boosted its stake in T-Mobile US by 7.1% in the 4th quarter. Summit Financial LLC now owns 3,585 shares of the Wireless communications provider's stock valued at $791,000 after buying an additional 238 shares in the last quarter. Nemes Rush Group LLC boosted its stake in T-Mobile US by 314.5% in the 4th quarter. Nemes Rush Group LLC now owns 970 shares of the Wireless communications provider's stock valued at $214,000 after buying an additional 736 shares in the last quarter. Headlands Technologies LLC acquired a new stake in T-Mobile US in the 4th quarter valued at $2,025,000. Finally, Trexquant Investment LP boosted its stake in T-Mobile US by 355.5% in the 4th quarter. Trexquant Investment LP now owns 68,110 shares of the Wireless communications provider's stock valued at $15,034,000 after buying an additional 53,156 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company's stock.

T-Mobile US Trading Down 0.5%

Shares of TMUS stock traded down $1.21 on Friday, reaching $237.20. 3,480,382 shares of the stock were exchanged, compared to its average volume of 4,080,460. The stock has a market cap of $266.95 billion, a PE ratio of 22.38, a P/E/G ratio of 1.31 and a beta of 0.62. T-Mobile US, Inc. has a one year low of $185.39 and a one year high of $276.49. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.21 and a quick ratio of 1.13. The stock has a 50 day moving average price of $235.00 and a 200 day moving average price of $245.15.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, topping analysts' consensus estimates of $2.69 by $0.15. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%. The company had revenue of $21.13 billion during the quarter, compared to the consensus estimate of $20.99 billion. During the same quarter in the previous year, the company posted $2.49 earnings per share. The firm's quarterly revenue was up 6.9% on a year-over-year basis. Equities research analysts forecast 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. Investors of record on Friday, August 29th will be paid a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.5%. T-Mobile US's payout ratio is 33.21%.

Insider Buying and Selling

In related news, insider Callie R. Field sold 12,300 shares of T-Mobile US stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $240.80, for a total transaction of $2,961,840.00. Following the completion of the sale, the insider directly owned 110,891 shares of the company's stock, valued at $26,702,552.80. The trade was a 9.98% 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. Also, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $241.08, for a total value of $16,837,027.20. Following the sale, the director directly owned 646,473,564 shares of the company's stock, valued at approximately $155,851,846,809.12. This trade represents a 0.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,555,330 shares of company stock valued at $360,568,811 over the last three months. Company insiders own 0.37% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on the company. Redburn Atlantic raised T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price target on the stock in a research note on Monday, July 7th. Bank of America assumed coverage on T-Mobile US in a research note on Monday, July 7th. They issued a "neutral" rating and a $255.00 price target on the stock. Scotiabank raised T-Mobile US from a "sector perform" rating to a "sector outperform" rating and boosted their price target for the company from $275.00 to $277.50 in a research note on Wednesday, April 30th. Wall Street Zen lowered T-Mobile US from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Finally, Morgan Stanley lifted their price objective 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 analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $256.31.

View Our Latest Report on TMUS

T-Mobile US Profile

(Free Report)

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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Institutional Ownership by Quarter for T-Mobile US (NASDAQ:TMUS)

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