Net Worth Advisory Group Has $821,000 Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Net Worth Advisory Group lowered its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 26.3% during the first quarter, Holdings Channel.com reports. The fund owned 3,077 shares of the Wireless communications provider’s stock after selling 1,100 shares during the period. Net Worth Advisory Group’s holdings in T-Mobile US were worth $821,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Geode Capital Management LLC increased its position in T-Mobile US by 0.8% during 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 buying an additional 90,755 shares during the last quarter. Invesco Ltd. increased its position in T-Mobile US by 4.6% during the fourth 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 last quarter. Norges Bank acquired a new position in T-Mobile US during the fourth quarter worth approximately $1,802,393,000. Capital International Investors increased its position in T-Mobile US by 36.2% during the fourth quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider’s stock worth $1,440,424,000 after buying an additional 1,734,998 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its position in T-Mobile US by 85.5% during 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 buying an additional 2,777,657 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Stock Performance

Shares of T-Mobile US stock opened at $230.94 on Thursday. The company has a 50 day moving average of $247.00 and a 200-day moving average of $244.04. T-Mobile US, Inc. has a 1-year low of $171.18 and a 1-year high of $276.49. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. The company has a market cap of $262.22 billion, a PE ratio of 23.88, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share for the quarter, topping analysts’ consensus estimates of $2.48 by $0.10. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. The company had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.67 billion. During the same quarter 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, equities research analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The company 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 1.52%. The ex-dividend date is Friday, August 29th. T-Mobile US’s dividend payout ratio (DPR) is presently 34.34%.

Wall Street Analysts Forecast Growth

TMUS has been the topic of a number of recent analyst reports. Wells Fargo & Company reissued an “equal weight” rating on shares of T-Mobile US in a research report on Wednesday, February 26th. UBS Group downgraded T-Mobile US from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 21st. Royal Bank of Canada boosted their price target 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. JPMorgan Chase & Co. boosted their price target on T-Mobile US from $265.00 to $270.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 18th. Finally, Citigroup downgraded 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. Eleven investment 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’s stock. According to data from MarketBeat, T-Mobile US presently has a consensus rating of “Moderate Buy” and a consensus target price of $257.68.

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.