WT Wealth Management Sells 1,510 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

WT Wealth Management decreased its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 17.3% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 7,229 shares of the Wireless communications provider's stock after selling 1,510 shares during the period. WT Wealth Management's holdings in T-Mobile US were worth $1,928,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Geode Capital Management LLC increased its stake in shares of T-Mobile US by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 11,857,917 shares of the Wireless communications provider's stock worth $2,610,542,000 after purchasing an additional 90,755 shares during the period. Invesco Ltd. increased its position in T-Mobile US by 4.6% in the 4th quarter. Invesco Ltd. now owns 8,809,417 shares of the Wireless communications provider's stock worth $1,944,503,000 after buying an additional 384,956 shares during the period. Norges Bank acquired a new position in shares of T-Mobile US during the fourth quarter worth approximately $1,802,393,000. Capital International Investors boosted its position in shares of T-Mobile US by 36.2% in the fourth quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider's stock valued at $1,440,424,000 after acquiring an additional 1,734,998 shares during the period. Finally, Canada Pension Plan Investment Board grew its stake in shares of T-Mobile US by 85.5% in the fourth quarter. Canada Pension Plan Investment Board now owns 6,025,096 shares of the Wireless communications provider's stock worth $1,329,919,000 after acquiring an additional 2,777,657 shares during the last quarter. 42.49% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $238.08, for a total transaction of $16,627,507.20. Following the completion of the transaction, the director directly owned 647,660,844 shares in the company, valued at $154,195,093,739.52. This represents a 0.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Over the last three months, insiders sold 1,256,670 shares of company stock worth $288,999,139. Corporate insiders own 0.37% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Bank of America initiated coverage on shares of T-Mobile US in a report on Monday, July 7th. They issued a "neutral" rating and a $255.00 price target for the company. Morgan Stanley upped their target price on shares of T-Mobile US from $265.00 to $280.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Arete Research raised T-Mobile US to a "strong-buy" rating in a report on Tuesday, July 8th. Wall Street Zen cut T-Mobile US from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Finally, Rothschild & Co Redburn upgraded T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 target price for the company in a research report on Monday, July 7th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, T-Mobile US has an average rating of "Moderate Buy" and an average target price of $255.12.

T-Mobile US Trading Up 0.3%

Shares of TMUS traded up $0.63 during trading hours on Tuesday, hitting $233.25. 4,000,572 shares of the stock traded hands, compared to its average volume of 4,101,345. The business has a fifty day moving average of $235.29 and a 200-day moving average of $244.04. The firm has a market capitalization of $264.84 billion, a PE ratio of 22.76, a price-to-earnings-growth ratio of 1.26 and a beta of 0.62. T-Mobile US, Inc. has a 1-year low of $173.74 and a 1-year high of $276.49. The company has a current ratio of 1.16, a quick ratio of 1.08 and a debt-to-equity ratio of 1.35.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly 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 return on equity of 19.09% and a net margin of 14.41%. The firm's revenue was up 6.6% on a year-over-year basis. During the same period last year, the company earned $2.00 EPS. Analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be paid a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's payout ratio is 34.34%.

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.