1,124 Shares in T-Mobile US, Inc. (NASDAQ:TMUS) Purchased by Modera Wealth Management LLC

Key Points

• Modera Wealth Management LLC purchased 1,124 shares of T-Mobile US, valued at approximately $300,000, during the first quarter.
• T-Mobile US reported $2.84 earnings per share (EPS), exceeding analysts' expectations, with revenue of $21.13 billion for the quarter.
• The company announced a quarterly dividend of $0.88 per share, set to be paid on September 11th, offering a dividend yield of 1.5%.

Modera Wealth Management LLC purchased a new position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 1,124 shares of the Wireless communications provider's stock, valued at approximately $300,000.

Several other institutional investors also recently bought and sold shares of TMUS. Invesco Ltd. increased its holdings in T-Mobile US by 4.6% in the 4th quarter. Invesco Ltd. now owns 8,809,417 shares of the Wireless communications provider's stock worth $1,944,503,000 after buying an additional 384,956 shares in the last quarter. Capital International Investors lifted its holdings in T-Mobile US by 36.2% in the fourth quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider's stock valued at $1,440,424,000 after acquiring an additional 1,734,998 shares during the period. Canada Pension Plan Investment Board lifted its holdings in T-Mobile US by 85.5% in the fourth quarter. Canada Pension Plan Investment Board now owns 6,025,096 shares of the Wireless communications provider's stock valued at $1,329,919,000 after acquiring an additional 2,777,657 shares during the period. Northern Trust Corp lifted its holdings in T-Mobile US by 13.8% in the fourth quarter. Northern Trust Corp now owns 5,325,541 shares of the Wireless communications provider's stock valued at $1,175,507,000 after acquiring an additional 645,892 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in T-Mobile US by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,084,830 shares of the Wireless communications provider's stock valued at $901,643,000 after acquiring an additional 25,667 shares during the period. 42.49% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Price Performance

Shares of TMUS traded up $0.62 during midday trading on Wednesday, hitting $239.55. 3,378,581 shares of the company traded hands, compared to its average volume of 4,351,137. The firm has a 50 day moving average of $234.76 and a 200-day moving average of $245.84. T-Mobile US, Inc. has a 52 week low of $189.86 and a 52 week high of $276.49. The stock has a market cap of $269.59 billion, a price-to-earnings ratio of 22.60, a PEG ratio of 1.32 and a beta of 0.62. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21.

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

T-Mobile US Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on TMUS shares. Arete Research upgraded shares of T-Mobile US to a "strong-buy" rating in a research report on Tuesday, July 8th. Royal Bank Of Canada boosted their target price on shares of T-Mobile US from $265.00 to $270.00 and gave the company a "sector perform" rating in a research report on Friday, July 25th. Rothschild & Co Redburn upgraded shares of T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 target price for the company in a research report on Monday, July 7th. JPMorgan Chase & Co. boosted their price target on T-Mobile US from $270.00 to $280.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Finally, Morgan Stanley boosted their price target on T-Mobile US from $265.00 to $285.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have given a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $256.31.

Insider Buying and Selling

In related news, insider Callie R. Field sold 12,300 shares of the stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $240.80, for a total value of $2,961,840.00. Following the sale, the insider directly owned 110,891 shares of the company's stock, valued at $26,702,552.80. This represents a 9.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Telekom Ag Deutsche sold 69,840 shares of the company's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $239.24, for a total value of $16,708,521.60. Following the completion of the transaction, the director directly owned 646,264,044 shares in the company, valued at $154,612,209,886.56. This trade represents a 0.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,695,010 shares of company stock valued at $393,849,666 in the last ninety days. 0.37% of the stock is owned by company insiders.

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.