Modera Wealth Management LLC Makes New $300,000 Investment in T-Mobile US, Inc. (NASDAQ:TMUS)

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 acquired a new stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,124 shares of the Wireless communications provider's stock, valued at approximately $300,000.

A number of other institutional investors have also modified their holdings of TMUS. Crestwood Advisors Group LLC grew its position in T-Mobile US by 79.5% in the first quarter. Crestwood Advisors Group LLC now owns 1,635 shares of the Wireless communications provider's stock valued at $436,000 after acquiring an additional 724 shares in the last quarter. Burling Wealth Partners LLC purchased a new position in shares of T-Mobile US in the fourth quarter valued at $2,539,000. Advisor Resource Council acquired a new stake in T-Mobile US during the 1st quarter valued at $463,000. Main Street Research LLC increased its stake in T-Mobile US by 1.0% during the 1st quarter. Main Street Research LLC now owns 177,902 shares of the Wireless communications provider's stock worth $47,448,000 after buying an additional 1,788 shares during the period. Finally, Westpac Banking Corp lifted its holdings in T-Mobile US by 25.4% in the 4th quarter. Westpac Banking Corp now owns 10,439 shares of the Wireless communications provider's stock worth $2,304,000 after buying an additional 2,113 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company's stock.

Wall Street Analysts Forecast Growth

TMUS has been the subject of several recent analyst reports. Royal Bank Of Canada raised their target price on T-Mobile US from $265.00 to $270.00 and gave the company a "sector perform" rating in a research note on Friday, July 25th. Arete Research upgraded T-Mobile US to a "strong-buy" rating in a research note on Tuesday, July 8th. Bank of America assumed coverage on T-Mobile US in a report on Monday, July 7th. They set a "neutral" rating and a $255.00 price objective on the stock. Morgan Stanley increased their target price on T-Mobile US from $265.00 to $285.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Finally, JPMorgan Chase & Co. raised their price target on shares of T-Mobile US from $270.00 to $280.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $256.31.

T-Mobile US Stock Performance

TMUS stock traded down $1.21 during midday trading on Friday, reaching $237.20. The company had a trading volume of 3,480,382 shares, compared to its average volume of 4,254,532. The firm has a market capitalization of $266.95 billion, a PE ratio of 22.38, a P/E/G ratio of 1.30 and a beta of 0.62. The stock has a 50 day moving average price of $234.89 and a 200 day moving average price of $245.73. T-Mobile US, Inc. has a fifty-two week low of $185.39 and a fifty-two week high of $276.49. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33.

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 earnings per share (EPS) for the quarter, beating 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 business had revenue of $21.13 billion during the quarter, compared to analyst estimates of $20.99 billion. During the same quarter in the previous year, the firm posted $2.49 EPS. The business's revenue for the quarter was up 6.9% compared to the same quarter last year. Analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current 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 issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's dividend payout ratio (DPR) is 33.21%.

Insider Buying and Selling

In other T-Mobile US news, insider Callie R. Field sold 12,300 shares of the business's stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $240.80, for a total transaction of $2,961,840.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Telekom Ag Deutsche sold 69,840 shares of the business's stock in a transaction that occurred 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 transaction, the director owned 646,473,564 shares of the company's stock, valued at approximately $155,851,846,809.12. This represents a 0.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,555,330 shares of company stock valued at $360,568,811 in the last quarter. Company insiders own 0.37% of the company's stock.

T-Mobile US 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.