Transform Wealth LLC Has $13.91 Million Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Transform Wealth LLC reduced its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 4.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 52,140 shares of the Wireless communications provider's stock after selling 2,356 shares during the period. Transform Wealth LLC's holdings in T-Mobile US were worth $13,906,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Gladstone Institutional Advisory LLC acquired a new position in shares of T-Mobile US in the fourth quarter valued at about $1,552,000. Van ECK Associates Corp boosted its holdings in T-Mobile US by 3.1% in the 4th quarter. Van ECK Associates Corp now owns 20,855 shares of the Wireless communications provider's stock valued at $4,603,000 after purchasing an additional 625 shares during the period. CFC Planning Co LLC acquired a new position in shares of T-Mobile US during the 4th quarter worth approximately $476,000. Avantax Advisory Services Inc. increased its holdings in shares of T-Mobile US by 5.2% during the fourth quarter. Avantax Advisory Services Inc. now owns 37,478 shares of the Wireless communications provider's stock worth $8,272,000 after purchasing an additional 1,859 shares during the period. Finally, Burling Wealth Partners LLC acquired a new stake in shares of T-Mobile US in the fourth quarter valued at approximately $2,539,000. 42.49% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TMUS has been the topic of a number of analyst reports. Benchmark reissued a "buy" rating and set a $275.00 price target on shares of T-Mobile US in a research report on Thursday, March 27th. Tigress Financial increased their target price on T-Mobile US from $290.00 to $305.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. Hsbc Global Res downgraded T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. 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. Finally, Royal Bank of Canada raised their target price on shares of T-Mobile US from $245.00 to $260.00 and gave the company a "sector perform" rating in a report on Friday, March 21st. Eleven 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 stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $257.68.

T-Mobile US Price Performance

Shares of NASDAQ TMUS traded down $2.91 during mid-day trading on Thursday, hitting $228.03. 2,548,272 shares of the stock traded hands, compared to its average volume of 4,199,232. The company has a market cap of $258.92 billion, a PE ratio of 23.58, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64. T-Mobile US, Inc. has a twelve month low of $173.18 and a twelve month high of $276.49. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. The firm has a 50 day simple moving average of $247.00 and a two-hundred day simple moving average of $244.04.

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 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.48 by $0.10. The firm had revenue of $20.89 billion during the quarter, compared to analysts' expectations of $20.67 billion. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. The company's revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the company posted $2.00 EPS. As a group, equities research analysts forecast that T-Mobile US, Inc. will post 10.37 EPS 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. Shareholders of record on Friday, August 29th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's 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.