KMG Fiduciary Partners LLC Boosts Stock Position in T-Mobile US, Inc. $TMUS

KMG Fiduciary Partners LLC lifted its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 170.3% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 10,166 shares of the Wireless communications provider’s stock after buying an additional 6,405 shares during the period. KMG Fiduciary Partners LLC’s holdings in T-Mobile US were worth $1,705,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Main Street Group LTD acquired a new stake in T-Mobile US in the 1st quarter valued at $25,000. JDM Financial Group LLC lifted its holdings in T-Mobile US by 114.0% during the fourth quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 65 shares in the last quarter. Swiss RE Ltd. purchased a new position in T-Mobile US during the fourth quarter valued at $29,000. Turning Point Benefit Group Inc. grew its position in shares of T-Mobile US by 3,825.0% in the fourth quarter. Turning Point Benefit Group Inc. now owns 157 shares of the Wireless communications provider’s stock valued at $32,000 after purchasing an additional 153 shares during the period. Finally, Sachetta LLC grew its position in shares of T-Mobile US by 52.9% in the first quarter. Sachetta LLC now owns 159 shares of the Wireless communications provider’s stock valued at $33,000 after purchasing an additional 55 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insider Activity

In other news, COO Jon Freier sold 4,799 shares of T-Mobile US stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $190.00, for a total transaction of $911,810.00. Following the transaction, the chief operating officer owned 217,168 shares in the company, valued at $41,261,920. The trade was a 2.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.32% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

TMUS has been the subject of several research analyst reports. UBS Group reduced their price target on shares of T-Mobile US from $255.00 to $235.00 and set a “buy” rating for the company in a research report on Friday, July 24th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of T-Mobile US in a research note on Tuesday, May 19th. TD Cowen reduced their target price on T-Mobile US from $261.00 to $260.00 and set a “buy” rating for the company in a report on Friday, July 24th. Oppenheimer upgraded T-Mobile US from a “market perform” rating to an “outperform” rating and set a $260.00 target price on the stock in a research report on Wednesday, April 29th. Finally, Sanford C. Bernstein reaffirmed a “neutral” rating on shares of T-Mobile US in a research note on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $252.08.

T-Mobile US Trading Up 0.6%

TMUS opened at $178.20 on Tuesday. The firm has a market capitalization of $191.15 billion, a price-to-earnings ratio of 18.66, a price-to-earnings-growth ratio of 1.00 and a beta of 0.33. The company’s 50 day simple moving average is $181.67 and its two-hundred day simple moving average is $194.42. T-Mobile US, Inc. has a 1-year low of $165.66 and a 1-year high of $261.56. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.92 and a quick ratio of 0.83.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.59 by $0.40. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.The business had revenue of $22.79 billion during the quarter, compared to analyst estimates of $22.95 billion. During the same period in the prior year, the business earned $2.84 earnings per share. The business’s revenue was up 7.9% compared to the same quarter last year. Analysts expect that T-Mobile US, Inc. will post 10.72 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 10th. Shareholders of record on Friday, August 28th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.3%. T-Mobile US’s dividend payout ratio (DPR) is 42.72%.

T-Mobile US 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.