Money Concepts Capital Corp Takes Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Money Concepts Capital Corp bought a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the fourth quarter, Holdings Channel reports. The institutional investor bought 2,047 shares of the Wireless communications provider’s stock, valued at approximately $452,000.

Other institutional investors also recently modified their holdings of the company. Confluence Wealth Services Inc. raised its holdings in T-Mobile US by 40.0% during the fourth quarter. Confluence Wealth Services Inc. now owns 3,372 shares of the Wireless communications provider’s stock worth $728,000 after buying an additional 964 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of T-Mobile US by 28.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 343,872 shares of the Wireless communications provider’s stock valued at $76,589,000 after purchasing an additional 75,248 shares during the last quarter. Y.D. More Investments Ltd raised its holdings in shares of T-Mobile US by 25.2% in the fourth quarter. Y.D. More Investments Ltd now owns 417 shares of the Wireless communications provider’s stock valued at $92,000 after purchasing an additional 84 shares during the last quarter. Weaver Capital Management LLC grew its position in T-Mobile US by 20.9% during the fourth quarter. Weaver Capital Management LLC now owns 6,105 shares of the Wireless communications provider’s stock valued at $1,348,000 after buying an additional 1,057 shares during the period. Finally, Groesbeck Investment Management Corp NJ bought a new position in T-Mobile US during the fourth quarter valued at about $452,000. Institutional investors and hedge funds own 42.49% of the company’s stock.

Wall Street Analysts Forecast Growth

TMUS has been the subject of a number of research reports. Wells Fargo & Company increased their target price on shares of T-Mobile US from $220.00 to $235.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 30th. Citigroup increased their price target on shares of T-Mobile US from $210.00 to $254.00 and gave the stock a “buy” rating in a report on Monday, October 21st. KeyCorp downgraded shares of T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 target price on the stock. in a research note on Thursday, December 12th. Scotiabank lifted their price target on shares of T-Mobile US from $234.00 to $247.00 and gave the stock a “sector perform” rating in a research note on Thursday, January 30th. Finally, BNP Paribas raised shares of T-Mobile US to a “strong-buy” rating in a research note on Friday, October 25th. Seven research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, T-Mobile US has a consensus rating of “Moderate Buy” and a consensus price target of $251.79.

T-Mobile US Stock Performance

Shares of TMUS stock opened at $247.17 on Friday. T-Mobile US, Inc. has a 12 month low of $158.84 and a 12 month high of $248.15. The stock has a market cap of $282.21 billion, a PE ratio of 25.56, a price-to-earnings-growth ratio of 1.38 and a beta of 0.56. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. The company’s fifty day moving average price is $225.95 and its 200-day moving average price is $214.72.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. On average, equities analysts expect that T-Mobile US, Inc. will post 10.18 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be given a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.42%. T-Mobile US’s dividend payout ratio is presently 36.40%.

Insiders Place Their Bets

In other T-Mobile US news, Director Srikant M. Datar sold 1,000 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $247.19, for a total transaction of $247,190.00. Following the completion of the sale, the director now directly owns 5,021 shares in the company, valued at $1,241,140.99. The trade was a 16.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Letitia A. Long sold 1,100 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $231.08, for a total value of $254,188.00. Following the transaction, the director now owns 5,653 shares of the company’s stock, valued at approximately $1,306,295.24. This trade represents a 16.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,100 shares of company stock valued at $5,501,978. 0.67% of the stock is owned by insiders.

T-Mobile US Profile

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.