Pure Financial Advisors LLC Invests $358,000 in T-Mobile US, Inc. (NASDAQ:TMUS)

Pure Financial Advisors LLC purchased a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,342 shares of the Wireless communications provider's stock, valued at approximately $358,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Godsey & Gibb Inc. lifted 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. lifted its stake in T-Mobile US by 93.9% in the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider's stock valued at $28,000 after purchasing an additional 62 shares during the last quarter. CoreFirst Bank & Trust bought a new position in T-Mobile US in the 4th quarter valued at approximately $28,000. Adirondack Trust Co. lifted its stake in T-Mobile US by 366.7% in the 1st quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock valued at $37,000 after purchasing an additional 110 shares during the last quarter. Finally, City Holding Co. lifted its stake in T-Mobile US by 45.3% in the 1st quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock valued at $37,000 after purchasing an additional 43 shares during the last quarter. Institutional investors own 42.49% of the company's stock.

Insider Buying and Selling

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $221.67, for a total transaction of $15,481,432.80. Following the transaction, the director now directly owns 648,429,084 shares of the company's stock, valued at $143,737,275,050.28. This represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 419,040 shares of company stock valued at $94,880,434 over the last ninety days. 0.37% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have issued reports on TMUS. Benchmark restated a "buy" rating and issued a $275.00 price target on shares of T-Mobile US in a research report on Thursday, March 27th. Tigress Financial upped their price target on shares of T-Mobile US from $290.00 to $305.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. UBS Group cut shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 21st. Royal Bank Of Canada upped their price target on shares of T-Mobile US from $245.00 to $260.00 and gave the company a "sector perform" rating in a research report on Friday, March 21st. Finally, HSBC cut shares of T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 price target for the company. in a research report on Wednesday, March 5th. Eleven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $257.68.

T-Mobile US Stock Up 1.7%

Shares of NASDAQ TMUS opened at $235.25 on Friday. The firm has a market cap of $267.11 billion, a PE ratio of 22.95, a P/E/G ratio of 1.27 and a beta of 0.64. T-Mobile US, Inc. has a 12-month low of $173.74 and a 12-month high of $276.49. The company's fifty day simple moving average is $240.00 and its 200 day simple moving average is $242.80. The company has a quick ratio of 1.08, a current ratio of 1.16 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.10. The business had revenue of $20.89 billion for the quarter, compared to analyst estimates 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 revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the firm earned $2.00 earnings per share. As a group, sell-side analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.50%. The ex-dividend date is Friday, August 29th. T-Mobile US's dividend payout ratio is presently 34.34%.

T-Mobile US Company 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.

Want to see what other hedge funds are holding TMUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for T-Mobile US, Inc. (NASDAQ:TMUS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.