MFG Wealth Management Inc. Invests $1.51 Million in T-Mobile US, Inc. (NASDAQ:TMUS)

MFG Wealth Management Inc. purchased a new stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,646 shares of the Wireless communications provider's stock, valued at approximately $1,506,000.

Other large investors have also modified their holdings of the company. Godsey & Gibb Inc. raised its stake in T-Mobile US by 139.5% in the 1st quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock valued at $27,000 after purchasing an additional 60 shares during the last quarter. Rakuten Securities Inc. grew its holdings in shares of T-Mobile US by 93.9% during the fourth quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider's stock worth $28,000 after buying an additional 62 shares in the last quarter. CoreFirst Bank & Trust acquired a new position in shares of T-Mobile US in the fourth quarter valued at approximately $28,000. City Holding Co. lifted its stake in shares of T-Mobile US by 45.3% during the first quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock valued at $37,000 after buying an additional 43 shares during the period. Finally, Adirondack Trust Co. boosted its position in T-Mobile US by 366.7% during the first quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock worth $37,000 after acquiring an additional 110 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Stock Up 0.2%

NASDAQ:TMUS traded up $0.52 during trading hours on Thursday, hitting $231.42. The stock had a trading volume of 4,341,180 shares, compared to its average volume of 4,080,815. The company has a market cap of $262.76 billion, a PE ratio of 22.58, a price-to-earnings-growth ratio of 1.27 and a beta of 0.64. The business has a 50 day simple moving average of $241.15 and a two-hundred day simple moving average of $242.77. T-Mobile US, Inc. has a 1-year low of $173.74 and a 1-year high of $276.49. The company has a current ratio of 1.16, a quick ratio of 1.08 and a debt-to-equity ratio of 1.35.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its earnings results 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. T-Mobile US had a net margin of 14.41% and a return on equity of 19.09%. The business had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.67 billion. During the same period in the prior year, the firm earned $2.00 earnings per share. The business's quarterly revenue was up 6.6% compared to the same quarter last year. Analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Friday, August 29th. This represents a $3.52 annualized dividend and a dividend yield of 1.52%. T-Mobile US's dividend payout ratio is presently 34.34%.

Analysts Set New Price Targets

A number of brokerages have weighed in on TMUS. UBS Group lowered T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 21st. Tigress Financial increased their target price on T-Mobile US from $290.00 to $305.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. Citigroup cut T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 price target for the company. in a report on Friday, March 14th. Wall Street Zen lowered shares of T-Mobile US from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Finally, Hsbc Global Res cut shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Eleven analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $257.68.

Insider Activity

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $228.75, for a total value of $15,975,900.00. Following the transaction, the director now directly owns 588,413,779 shares of the company's stock, valued at $134,599,651,946.25. This represents a 0.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders sold 419,040 shares of company stock worth $94,880,434 over the last ninety days. Corporate insiders own 0.37% of the company's stock.

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.