Moran Wealth Management LLC Has $5.11 Million Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Moran Wealth Management LLC lifted its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 3.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,166 shares of the Wireless communications provider’s stock after acquiring an additional 656 shares during the period. Moran Wealth Management LLC’s holdings in T-Mobile US were worth $5,112,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in TMUS. Godsey & Gibb Inc. increased its holdings in T-Mobile US by 139.5% during the 1st quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider’s stock worth $27,000 after purchasing an additional 60 shares in the last quarter. Rakuten Securities Inc. boosted its position in shares of T-Mobile US by 93.9% during the fourth quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 62 shares during the last quarter. CoreFirst Bank & Trust bought a new stake in T-Mobile US during the fourth quarter worth $28,000. City Holding Co. grew its holdings in T-Mobile US by 45.3% during the first quarter. City Holding Co. now owns 138 shares of the Wireless communications provider’s stock worth $37,000 after buying an additional 43 shares in the last quarter. Finally, Adirondack Trust Co. raised its position in T-Mobile US by 366.7% in the 1st quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider’s stock valued at $37,000 after buying an additional 110 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insiders Place Their Bets

In related news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $221.67, for a total value of $15,481,432.80. Following the completion of the transaction, the director now directly owns 648,429,084 shares in the company, valued at approximately $143,737,275,050.28. The trade was a 0.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 419,040 shares of company stock worth $94,880,434 over the last quarter. 0.37% of the stock is currently owned by company insiders.

T-Mobile US Price Performance

Shares of NASDAQ TMUS opened at $230.90 on Thursday. The company has a current ratio of 1.16, a quick ratio of 1.08 and a debt-to-equity ratio of 1.35. The stock has a fifty day simple moving average of $241.15 and a two-hundred day simple moving average of $242.77. T-Mobile US, Inc. has a 1-year low of $173.74 and a 1-year high of $276.49. The firm has a market cap of $262.17 billion, a price-to-earnings ratio of 22.53, a price-to-earnings-growth ratio of 1.27 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 EPS for the quarter, beating analysts’ consensus estimates of $2.48 by $0.10. The firm had revenue of $20.89 billion for the quarter, compared to analysts’ expectations of $20.67 billion. T-Mobile US had a return on equity of 19.09% and a net margin of 14.41%. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.00 EPS. Analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have issued reports on TMUS shares. Scotiabank raised shares of T-Mobile US from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the stock from $275.00 to $277.50 in a report on Wednesday, April 30th. UBS Group lowered shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 21st. Wall Street Zen cut shares of T-Mobile US from a “buy” rating to a “hold” rating in a report on Saturday, May 24th. Tigress Financial upped their price objective on shares of T-Mobile US from $290.00 to $305.00 and gave the stock a “buy” rating in a research report on Tuesday, April 29th. Finally, Hsbc Global Res lowered shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Eleven equities 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 currently has an average rating of “Moderate Buy” and an average price target of $257.68.

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.