T-Mobile US, Inc. (NASDAQ:TMUS) Holdings Raised by Spire Wealth Management

Spire Wealth Management increased its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 226.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,712 shares of the Wireless communications provider's stock after acquiring an additional 3,960 shares during the period. Spire Wealth Management's holdings in T-Mobile US were worth $1,523,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of 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 worth $27,000 after acquiring an additional 60 shares in 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 worth $28,000 after acquiring an additional 62 shares in the last quarter. CoreFirst Bank & Trust purchased a new stake in T-Mobile US in the 4th quarter worth about $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 worth $37,000 after acquiring an additional 110 shares in 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 worth $37,000 after acquiring an additional 43 shares in the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $228.75, for a total transaction of $15,975,900.00. Following the sale, the director now owns 588,413,779 shares of the company's stock, valued at approximately $134,599,651,946.25. This trade represents a 0.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 419,040 shares of company stock worth $94,880,434 over the last three months. 0.37% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

TMUS has been the topic of several research reports. Citigroup lowered T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 target price on the stock. in a research report on Friday, March 14th. Tigress Financial upped 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. UBS Group lowered T-Mobile US from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 21st. HSBC lowered T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 target price on the stock. in a research report on Wednesday, March 5th. Finally, Scotiabank raised T-Mobile US from a "sector perform" rating to a "sector outperform" rating and upped their target price for the stock from $275.00 to $277.50 in a research report on Wednesday, April 30th. Eleven equities research 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 company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $257.68.

T-Mobile US Stock Up 0.2%

Shares of TMUS stock opened at $231.42 on Friday. T-Mobile US, Inc. has a 12 month low of $173.74 and a 12 month high of $276.49. The firm 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 stock has a 50 day moving average of $240.54 and a 200-day moving average of $242.79. 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 quarterly 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. T-Mobile US had a return on equity of 19.09% and a net margin of 14.41%. The company had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.67 billion. During the same period in the previous year, the company earned $2.00 earnings per share. The company's quarterly revenue was up 6.6% compared to the same quarter last year. On average, equities analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be issued a dividend of $0.88 per share. The ex-dividend date is Friday, August 29th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.52%. T-Mobile US's dividend payout ratio (DPR) is presently 34.34%.

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.

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