Bright Futures Wealth Management LLC. Acquires 1,734 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Bright Futures Wealth Management LLC. increased its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 47.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,424 shares of the Wireless communications provider's stock after purchasing an additional 1,734 shares during the quarter. T-Mobile US accounts for 1.5% of Bright Futures Wealth Management LLC.'s investment portfolio, making the stock its 20th biggest position. Bright Futures Wealth Management LLC.'s holdings in T-Mobile US were worth $1,375,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Tallon Kerry Patrick bought a new position in shares of T-Mobile US in the fourth quarter worth approximately $2,138,000. Highview Capital Management LLC DE boosted its position in T-Mobile US by 1.2% during the 4th quarter. Highview Capital Management LLC DE now owns 16,253 shares of the Wireless communications provider's stock valued at $3,588,000 after buying an additional 192 shares during the period. Kestra Investment Management LLC bought a new stake in T-Mobile US in the 4th quarter worth $50,000. Wealth Alliance increased its position in shares of T-Mobile US by 3.2% in the fourth quarter. Wealth Alliance now owns 1,665 shares of the Wireless communications provider's stock valued at $367,000 after acquiring an additional 52 shares during the period. Finally, Compass Capital Corp MA ADV purchased a new position in shares of T-Mobile US in the fourth quarter valued at about $328,000. Hedge funds and other institutional investors own 42.49% of the company's stock.

T-Mobile US Stock Up 0.7%

Shares of NASDAQ TMUS traded up $1.66 during midday trading on Monday, hitting $223.18. The stock had a trading volume of 2,444,271 shares, compared to its average volume of 4,065,515. The business's 50 day moving average is $243.17 and its 200-day moving average is $243.06. T-Mobile US, Inc. has a 52 week low of $173.74 and a 52 week high of $276.49. The company has a quick ratio of 1.08, a current ratio of 1.16 and a debt-to-equity ratio of 1.35. The company has a market cap of $253.40 billion, a P/E ratio of 21.74, a PEG ratio of 1.22 and a beta of 0.64.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $20.89 billion for the quarter, compared to analysts' expectations of $20.67 billion. During the same period in the prior year, the firm posted $2.00 EPS. The firm's quarterly revenue was up 6.6% on a year-over-year basis. As a group, 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. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's payout ratio is currently 34.34%.

Wall Street Analysts Forecast Growth

TMUS has been the topic of several recent analyst reports. Hsbc Global Res cut T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Royal Bank Of Canada lifted their price objective on T-Mobile US from $245.00 to $260.00 and gave the stock a "sector perform" rating in a research report on Friday, March 21st. Wells Fargo & Company reissued an "equal weight" rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Citigroup lowered T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 price target for the company. in a research note on Friday, March 14th. Finally, HSBC downgraded shares of T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 price objective on the stock. in a research report on Wednesday, March 5th. Eleven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, T-Mobile US currently has a consensus rating of "Moderate Buy" and an average target price of $257.68.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $230.16, for a total value of $16,074,374.40. Following the transaction, the director now owns 588,274,099 shares of the company's stock, valued at approximately $135,397,166,625.84. This represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 279,360 shares of company stock valued at $63,022,219 over the last ninety days. 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.