Kingsview Wealth Management LLC Takes $640,000 Position in T-Mobile US, Inc. $TMUS

Kingsview Wealth Management LLC purchased a new position in T-Mobile US, Inc. (NASDAQ:TMUS) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,816 shares of the Wireless communications provider’s stock, valued at approximately $640,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CYBER HORNET ETFs LLC increased its stake in T-Mobile US by 3.8% in the 3rd quarter. CYBER HORNET ETFs LLC now owns 1,319 shares of the Wireless communications provider’s stock worth $316,000 after acquiring an additional 48 shares during the last quarter. Meeder Asset Management Inc. boosted its position in shares of T-Mobile US by 16.2% during the 4th quarter. Meeder Asset Management Inc. now owns 351 shares of the Wireless communications provider’s stock valued at $71,000 after acquiring an additional 49 shares during the last quarter. Wellspring Financial Advisors LLC boosted its position in shares of T-Mobile US by 4.3% during the 4th quarter. Wellspring Financial Advisors LLC now owns 1,273 shares of the Wireless communications provider’s stock valued at $259,000 after acquiring an additional 52 shares during the last quarter. Essex Financial Services Inc. grew its holdings in shares of T-Mobile US by 3.5% during the first quarter. Essex Financial Services Inc. now owns 1,551 shares of the Wireless communications provider’s stock worth $326,000 after purchasing an additional 53 shares in the last quarter. Finally, Tcfg Wealth Management LLC increased its position in shares of T-Mobile US by 5.6% in the third quarter. Tcfg Wealth Management LLC now owns 999 shares of the Wireless communications provider’s stock worth $239,000 after purchasing an additional 53 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Wall Street Analyst Weigh In

TMUS has been the topic of a number of recent analyst reports. KeyCorp lowered their target price on shares of T-Mobile US from $260.00 to $250.00 and set an “overweight” rating on the stock in a research note on Friday, July 24th. DZ Bank reissued a “buy” rating on shares of T-Mobile US in a report on Wednesday, May 6th. Royal Bank Of Canada lowered their price objective on shares of T-Mobile US from $240.00 to $230.00 and set an “outperform” rating on the stock in a research report on Monday, July 20th. Weiss Ratings downgraded shares of T-Mobile US from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 15th. Finally, Wolfe Research reiterated a “peer perform” rating on shares of T-Mobile US in a research report on Friday, August 14th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $252.08.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $181.37 on Monday. The company has a 50-day simple moving average of $181.12 and a two-hundred day simple moving average of $193.32. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 1.48. T-Mobile US, Inc. has a 12-month low of $165.66 and a 12-month high of $258.66. The firm has a market cap of $194.55 billion, a price-to-earnings ratio of 18.99, a PEG ratio of 1.02 and a beta of 0.33.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Thursday, July 23rd. The Wireless communications provider reported $2.99 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $22.79 billion for the quarter, compared to the consensus estimate of $22.95 billion. During the same quarter in the previous year, the business earned $2.84 earnings per share. The company’s quarterly revenue was up 7.9% on a year-over-year basis. On average, equities analysts forecast that T-Mobile US, Inc. will post 10.73 EPS for the current year.

T-Mobile US Announces Dividend

The business also recently declared 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. This represents a $4.08 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Friday, August 28th. T-Mobile US’s payout ratio is 42.72%.

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.