Asset One Wealth Management LLC Invests $2.98 Million in T-Mobile US, Inc. $TMUS

Asset One Wealth Management LLC bought a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 15,301 shares of the Wireless communications provider’s stock, valued at approximately $2,984,000.

Several other hedge funds have also modified their holdings of TMUS. JDM Financial Group LLC boosted its stake in shares of T-Mobile US by 114.0% during the 4th quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 65 shares in the last quarter. Swiss RE Ltd. purchased a new stake in shares of T-Mobile US during the 4th quarter worth about $29,000. Turning Point Benefit Group Inc. boosted its stake in shares of T-Mobile US by 3,825.0% during the 4th quarter. Turning Point Benefit Group Inc. now owns 157 shares of the Wireless communications provider’s stock worth $32,000 after acquiring an additional 153 shares in the last quarter. Acumen Wealth Advisors LLC purchased a new stake in shares of T-Mobile US during the 4th quarter worth about $36,000. Finally, Ares Financial Consulting LLC purchased a new stake in shares of T-Mobile US during the 4th quarter worth about $38,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at T-Mobile US

In related news, COO Jon Freier sold 4,799 shares of T-Mobile US stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $190.00, for a total value of $911,810.00. Following the completion of the sale, the chief operating officer owned 217,168 shares in the company, valued at approximately $41,261,920. This trade represents a 2.16% decrease in their position. The transaction 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. Also, insider Michael J. Katz sold 5,000 shares of T-Mobile US stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $195.81, for a total transaction of $979,050.00. Following the completion of the sale, the insider owned 181,930 shares of the company’s stock, valued at $35,623,713.30. This trade represents a 2.67% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.32% of the stock is owned by insiders.

T-Mobile US Trading Down 1.7%

Shares of T-Mobile US stock opened at $181.31 on Thursday. The firm has a market capitalization of $196.21 billion, a PE ratio of 19.29, a P/E/G ratio of 1.07 and a beta of 0.31. T-Mobile US, Inc. has a twelve month low of $174.02 and a twelve month high of $261.56. The firm’s 50-day moving average price is $190.06 and its 200 day moving average price is $199.18. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.58.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.01 by $0.26. The business had revenue of $23.11 billion during the quarter, compared to the consensus estimate of $22.98 billion. T-Mobile US had a net margin of 11.65% and a return on equity of 19.47%. The business’s revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the firm earned $2.58 EPS. On average, sell-side analysts predict that T-Mobile US, Inc. will post 10.65 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. Investors of record on Friday, August 28th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 2.3%. The ex-dividend date is Friday, August 28th. T-Mobile US’s dividend payout ratio (DPR) is 43.40%.

Wall Street Analysts Forecast Growth

TMUS has been the topic of several recent analyst reports. Scotiabank lowered their target price on shares of T-Mobile US from $266.00 to $263.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, April 29th. Daiwa Securities Group raised shares of T-Mobile US from a “neutral” rating to an “outperform” rating and set a $240.00 price target on the stock in a research note on Thursday, February 19th. Barclays reaffirmed a “buy” rating on shares of T-Mobile US in a research note on Friday, April 24th. Wall Street Zen raised shares of T-Mobile US from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of 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. One 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, T-Mobile US currently has a consensus rating of “Moderate Buy” and an average target price of $260.48.

About T-Mobile US

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.