Western Wealth Management LLC Buys 3,296 Shares of T-Mobile US, Inc. $TMUS

Western Wealth Management LLC increased its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 269.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 4,519 shares of the Wireless communications provider’s stock after purchasing an additional 3,296 shares during the quarter. Western Wealth Management LLC’s holdings in T-Mobile US were worth $949,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in TMUS. Price T Rowe Associates Inc. MD raised its position in shares of T-Mobile US by 30.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,795,065 shares of the Wireless communications provider’s stock valued at $5,643,511,000 after purchasing an additional 6,516,968 shares during the period. State Street Corp boosted its holdings in shares of T-Mobile US by 4.3% during the 4th quarter. State Street Corp now owns 25,281,709 shares of the Wireless communications provider’s stock worth $5,133,198,000 after buying an additional 1,047,624 shares during the period. Capital International Investors boosted its holdings in shares of T-Mobile US by 8.2% during the 4th quarter. Capital International Investors now owns 14,847,697 shares of the Wireless communications provider’s stock worth $3,014,754,000 after buying an additional 1,121,409 shares during the period. Invesco Ltd. grew its stake in T-Mobile US by 10.5% in the 4th quarter. Invesco Ltd. now owns 8,730,485 shares of the Wireless communications provider’s stock valued at $1,772,638,000 after buying an additional 827,381 shares during the last quarter. Finally, Norges Bank bought a new position in T-Mobile US in the 4th quarter worth $1,335,918,000. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Up 3.5%

NASDAQ TMUS opened at $183.38 on Friday. The stock’s 50 day moving average is $181.51 and its two-hundred day moving average is $194.31. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 1.48. The company has a market capitalization of $196.71 billion, a price-to-earnings ratio of 19.20, a PEG ratio of 1.00 and a beta of 0.33. T-Mobile US, Inc. has a 1-year low of $165.66 and a 1-year high of $261.56.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 EPS for the quarter, beating analysts’ consensus estimates of $2.59 by $0.40. The firm had revenue of $22.79 billion for the quarter, compared to analyst estimates of $22.95 billion. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the previous year, the business earned $2.84 earnings per share. Equities analysts forecast that T-Mobile US, Inc. will post 10.73 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 28th will be issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Friday, August 28th. T-Mobile US’s dividend payout ratio is presently 42.72%.

Insiders Place Their Bets

In other news, COO Jon Freier sold 4,799 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $190.00, for a total transaction of $911,810.00. Following the transaction, the chief operating officer directly owned 217,168 shares in the company, valued at approximately $41,261,920. This represents a 2.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.32% of the company’s stock.

Analyst Upgrades and Downgrades

TMUS has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft dropped their price objective on T-Mobile US from $300.00 to $285.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Oppenheimer raised T-Mobile US from a “market perform” rating to an “outperform” rating and set a $260.00 target price on the stock in a report on Wednesday, April 29th. UBS Group dropped their price target on T-Mobile US from $255.00 to $235.00 and set a “buy” rating on the stock in a research report on Friday, July 24th. Wells Fargo & Company cut their price target on T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating for the company in a report on Friday, July 24th. Finally, Freedom Capital raised T-Mobile US from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $252.08.

T-Mobile US Company Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.