MOKAN Wealth Management Inc. Acquires Shares of 2,011 T-Mobile US, Inc. (NASDAQ:TMUS)

MOKAN Wealth Management Inc. purchased a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 2,011 shares of the Wireless communications provider's stock, valued at approximately $536,000.

A number of other hedge funds have also modified their holdings of TMUS. Avantax Advisory Services Inc. raised its stake in shares of T-Mobile US by 5.2% during the 4th quarter. Avantax Advisory Services Inc. now owns 37,478 shares of the Wireless communications provider's stock valued at $8,272,000 after buying an additional 1,859 shares during the last quarter. Burling Wealth Partners LLC acquired a new stake in T-Mobile US during the fourth quarter worth about $2,539,000. Mizuho Securities USA LLC grew its holdings in T-Mobile US by 45.4% during the fourth quarter. Mizuho Securities USA LLC now owns 46,195 shares of the Wireless communications provider's stock worth $10,197,000 after acquiring an additional 14,418 shares during the period. Raymond James Financial Inc. purchased a new position in T-Mobile US during the fourth quarter valued at approximately $452,721,000. Finally, GC Wealth Management RIA LLC lifted its holdings in T-Mobile US by 14.3% in the fourth quarter. GC Wealth Management RIA LLC now owns 12,703 shares of the Wireless communications provider's stock valued at $2,804,000 after acquiring an additional 1,592 shares during the period. 42.49% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of T-Mobile US from $265.00 to $270.00 and gave the company an "overweight" rating in a report on Tuesday, March 18th. Scotiabank raised shares of T-Mobile US from a "sector perform" rating to a "sector outperform" rating and increased their target price for the stock from $275.00 to $277.50 in a research note on Wednesday, April 30th. Royal Bank Of Canada lifted their price target on T-Mobile US from $245.00 to $260.00 and gave the company a "sector perform" rating in a research note on Friday, March 21st. Tigress Financial increased their price target 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. Finally, Wall Street Zen cut T-Mobile US from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Eleven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $257.68.

Insider Activity at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the company's stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $221.80, for a total transaction of $15,490,512.00. Following the sale, the director now directly owns 648,359,244 shares of the company's stock, valued at $143,806,080,319.20. This represents a 0.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders sold 279,360 shares of company stock worth $63,022,219. Insiders own 0.37% of the company's stock.

T-Mobile US Trading Up 0.5%

NASDAQ:TMUS traded up $1.08 during trading hours on Wednesday, hitting $230.90. The company had a trading volume of 5,428,610 shares, compared to its average volume of 4,087,063. T-Mobile US, Inc. has a 1 year low of $173.74 and a 1 year high of $276.49. The company has a market cap of $262.17 billion, a P/E ratio of 22.53, a P/E/G ratio of 1.25 and a beta of 0.64. The company has a 50-day moving average of $241.72 and a 200 day moving average of $242.86. 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 issued its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 EPS for the quarter, topping analysts' consensus estimates of $2.48 by $0.10. The company had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.67 billion. T-Mobile US had a net margin of 14.41% and a return on equity of 19.09%. T-Mobile US's quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.00 earnings per share. Sell-side analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be issued a $0.88 dividend. The ex-dividend date 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 currently 34.34%.

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.