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Iams Wealth Management LLC Invests $1.71 Million in T-Mobile US, Inc. (NASDAQ:TMUS)

T-Mobile US logo with Computer and Technology background

Iams Wealth Management LLC purchased a new stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 6,428 shares of the Wireless communications provider's stock, valued at approximately $1,714,000.

A number of other institutional investors and hedge funds also recently modified their holdings of TMUS. Contravisory Investment Management Inc. increased its stake in T-Mobile US by 49,075.0% during the 1st quarter. Contravisory Investment Management Inc. now owns 1,967 shares of the Wireless communications provider's stock worth $525,000 after purchasing an additional 1,963 shares in the last quarter. TrueWealth Advisors LLC bought a new position in T-Mobile US in the first quarter valued at about $226,000. Hennion & Walsh Asset Management Inc. grew its position in T-Mobile US by 3.3% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 17,171 shares of the Wireless communications provider's stock valued at $4,580,000 after acquiring an additional 544 shares during the last quarter. Bremer Bank National Association grew its position in T-Mobile US by 6.8% in the first quarter. Bremer Bank National Association now owns 30,069 shares of the Wireless communications provider's stock valued at $8,020,000 after acquiring an additional 1,905 shares during the last quarter. Finally, Crestmont Private Wealth LLC bought a new position in T-Mobile US in the first quarter valued at about $215,000. 42.49% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TMUS has been the topic of several recent analyst reports. Wall Street Zen lowered T-Mobile US from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Citigroup lowered T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 price target on the stock. in a research note on Friday, March 14th. HSBC lowered T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 target price on the stock. in a research report on Wednesday, March 5th. 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. Finally, UBS Group downgraded T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 21st. Eleven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $257.68.

Read Our Latest Research Report on TMUS

T-Mobile US Stock Up 0.4%

Shares of NASDAQ TMUS traded up $0.96 during midday trading on Friday, reaching $245.86. 2,022,505 shares of the company's stock were exchanged, compared to its average volume of 4,118,817. T-Mobile US, Inc. has a 52-week low of $171.18 and a 52-week high of $276.49. The stock has a market capitalization of $279.16 billion, a PE ratio of 25.43, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. The business's fifty day moving average price is $248.49 and its two-hundred day moving average price is $244.07.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.48 by $0.10. The firm had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.67 billion. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. T-Mobile US's quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the company earned $2.00 earnings per share. Analysts forecast that T-Mobile US, Inc. will post 10.37 EPS 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. Stockholders of record on Friday, August 29th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's dividend payout ratio (DPR) is presently 34.34%.

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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