T-Mobile US, Inc. (NASDAQ:TMUS) Shares Purchased by Confluence Wealth Services Inc.

Confluence Wealth Services Inc. raised its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 57.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,314 shares of the Wireless communications provider's stock after acquiring an additional 1,942 shares during the quarter. Confluence Wealth Services Inc.'s holdings in T-Mobile US were worth $1,378,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Ancora Advisors LLC raised its stake in shares of T-Mobile US by 16.6% during the 4th quarter. Ancora Advisors LLC now owns 260 shares of the Wireless communications provider's stock worth $57,000 after buying an additional 37 shares during the last quarter. Snowden Capital Advisors LLC grew its stake in T-Mobile US by 0.6% in the 4th quarter. Snowden Capital Advisors LLC now owns 6,394 shares of the Wireless communications provider's stock valued at $1,411,000 after acquiring an additional 40 shares during the last quarter. Signaturefd LLC increased its holdings in T-Mobile US by 0.4% during the 4th quarter. Signaturefd LLC now owns 11,324 shares of the Wireless communications provider's stock valued at $2,499,000 after acquiring an additional 41 shares in the last quarter. Financial Management Professionals Inc. raised its position in T-Mobile US by 15.6% during the first quarter. Financial Management Professionals Inc. now owns 303 shares of the Wireless communications provider's stock worth $81,000 after acquiring an additional 41 shares during the last quarter. Finally, Continuum Advisory LLC lifted its holdings in shares of T-Mobile US by 0.7% in the fourth quarter. Continuum Advisory LLC now owns 6,069 shares of the Wireless communications provider's stock valued at $1,340,000 after purchasing an additional 43 shares in the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the firm's stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $230.56, for a total transaction of $16,102,310.40. Following the transaction, the director now directly owns 648,149,724 shares in the company, valued at $149,437,400,365.44. This trade represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last ninety days, insiders have sold 419,040 shares of company stock valued at $94,880,434. Corporate insiders own 0.37% of the company's stock.

Wall Street Analyst Weigh In

TMUS has been the subject of a number of recent research reports. Citigroup cut shares of T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 price objective for the company. in a research note on Friday, March 14th. Wall Street Zen downgraded T-Mobile US from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. UBS Group cut T-Mobile US from a "strong-buy" rating to a "hold" rating in a report on Friday, March 21st. HSBC lowered T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 price objective on the stock. in a research note on Wednesday, March 5th. Finally, Tigress Financial boosted their target price on shares of T-Mobile US from $290.00 to $305.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. Eleven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $257.68.

T-Mobile US Trading Up 1.7%

TMUS stock opened at $235.25 on Friday. 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 $267.11 billion, a price-to-earnings ratio of 22.95, a PEG ratio of 1.27 and a beta of 0.64. The business has a fifty day simple moving average of $240.00 and a 200-day simple moving average of $242.80. T-Mobile US, Inc. has a 52 week low of $173.74 and a 52 week high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 EPS for the quarter, topping 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 company had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.67 billion. During the same period in the prior year, the firm posted $2.00 earnings per share. The firm's revenue was up 6.6% on a year-over-year basis. On average, equities research analysts expect that T-Mobile US, Inc. will post 10.37 EPS 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. Shareholders of record on Friday, August 29th will be given a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend is Friday, August 29th. 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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