Western Wealth Management LLC Invests $583,000 in T-Mobile US, Inc. $TMUS

Western Wealth Management LLC acquired a new position in T-Mobile US, Inc. (NASDAQ:TMUS) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,473 shares of the Wireless communications provider’s stock, valued at approximately $583,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of TMUS. CYBER HORNET ETFs LLC lifted its stake in shares of T-Mobile US by 3.8% during the 3rd quarter. CYBER HORNET ETFs LLC now owns 1,319 shares of the Wireless communications provider’s stock valued at $316,000 after buying an additional 48 shares in the last quarter. Meeder Asset Management Inc. raised 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 buying an additional 49 shares in the last quarter. Wellspring Financial Advisors LLC lifted its stake in shares of T-Mobile US by 4.3% in the 4th quarter. Wellspring Financial Advisors LLC now owns 1,273 shares of the Wireless communications provider’s stock valued at $259,000 after purchasing an additional 52 shares during the last quarter. Essex Financial Services Inc. lifted its position in T-Mobile US by 3.5% in the first quarter. Essex Financial Services Inc. now owns 1,551 shares of the Wireless communications provider’s stock worth $326,000 after buying an additional 53 shares during the last quarter. Finally, Tcfg Wealth Management LLC boosted its stake in shares of T-Mobile US by 5.6% during the 3rd 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 period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Down 0.6%

Shares of NASDAQ:TMUS opened at $181.61 on Wednesday. The business’s 50 day moving average is $181.24 and its 200 day moving average is $193.73. The stock has a market cap of $194.81 billion, a P/E ratio of 19.02, a price-to-earnings-growth ratio of 1.03 and a beta of 0.33. T-Mobile US, Inc. has a 52-week low of $165.66 and a 52-week high of $258.66. 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 (NASDAQ:TMUS) last issued its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share 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 previous year, the company posted $2.84 EPS. T-Mobile US’s revenue was up 7.9% on a year-over-year basis. Sell-side analysts predict that T-Mobile US, Inc. will post 10.73 EPS for the current year.

T-Mobile US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors 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 yield of 2.2%. T-Mobile US’s dividend payout ratio is 42.72%.

Analyst Ratings Changes

A number of research analysts have recently commented on TMUS shares. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of T-Mobile US in a research note on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft dropped their price objective on T-Mobile US from $300.00 to $285.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Benchmark cut their price objective on T-Mobile US from $295.00 to $280.00 and set a “buy” rating on the stock in a research report on Friday, July 24th. Wells Fargo & Company decreased their target price on T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating for the company in a research report on Friday, July 24th. Finally, Morgan Stanley lowered their target price on shares of T-Mobile US from $260.00 to $230.00 and set an “overweight” rating for the company in a research note on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average 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.