CFO4Life Group LLC Invests $932,000 in T-Mobile US, Inc. (NASDAQ:TMUS)

CFO4Life Group LLC bought a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 5,709 shares of the Wireless communications provider’s stock, valued at approximately $932,000.

Several other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of T-Mobile US in the fourth quarter valued at about $3,338,708,000. Wellington Management Group LLP raised its stake in T-Mobile US by 200.0% during the 4th quarter. Wellington Management Group LLP now owns 6,362,601 shares of the Wireless communications provider’s stock valued at $1,020,116,000 after acquiring an additional 4,241,877 shares during the last quarter. Putnam Investments LLC lifted its position in T-Mobile US by 74.6% during the 4th quarter. Putnam Investments LLC now owns 3,939,221 shares of the Wireless communications provider’s stock worth $631,575,000 after acquiring an additional 1,682,743 shares during the period. Capital International Investors grew its stake in shares of T-Mobile US by 27.1% in the 4th quarter. Capital International Investors now owns 2,660,314 shares of the Wireless communications provider’s stock valued at $426,528,000 after purchasing an additional 567,390 shares during the last quarter. Finally, Schroder Investment Management Group increased its holdings in shares of T-Mobile US by 812.8% in the fourth quarter. Schroder Investment Management Group now owns 557,861 shares of the Wireless communications provider’s stock valued at $89,442,000 after purchasing an additional 496,745 shares during the period. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Price Performance

NASDAQ TMUS traded up $1.37 during trading hours on Friday, reaching $180.18. The company’s stock had a trading volume of 1,498,967 shares, compared to its average volume of 4,775,975. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.86 and a current ratio of 0.94. The company’s 50-day moving average is $172.57 and its two-hundred day moving average is $165.88. T-Mobile US, Inc. has a fifty-two week low of $131.47 and a fifty-two week high of $182.67. The stock has a market cap of $211.14 billion, a PE ratio of 24.33, a PEG ratio of 0.70 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.17. The company had revenue of $19.59 billion during the quarter, compared to analysts’ expectations of $19.81 billion. T-Mobile US had a return on equity of 13.61% and a net margin of 11.15%. The business’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.58 earnings per share. Analysts forecast that T-Mobile US, Inc. will post 9.02 EPS for the current year.

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Friday, August 30th will be paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 1.44%. The ex-dividend date is Friday, August 30th. T-Mobile US’s payout ratio is 35.37%.

Analysts Set New Price Targets

Several equities analysts have issued reports on TMUS shares. Citigroup boosted their price objective on shares of T-Mobile US from $176.00 to $184.00 and gave the company a “buy” rating in a research note on Monday, March 25th. TD Cowen dropped their price target on shares of T-Mobile US from $204.00 to $202.00 and set a “buy” rating on the stock in a research note on Friday, April 26th. The Goldman Sachs Group started coverage on shares of T-Mobile US in a research report on Monday, July 1st. They issued a “buy” rating and a $200.00 price objective for the company. Bank of America boosted their target price on T-Mobile US from $175.00 to $195.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. Finally, Benchmark reissued a “buy” rating and issued a $200.00 price target on shares of T-Mobile US in a report on Wednesday, May 29th. One equities research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $190.79.

Insider Buying and Selling

In other T-Mobile US news, Director Telekom Ag Deutsche sold 170,703 shares of the business’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $160.24, for a total value of $27,353,448.72. Following the completion of the transaction, the director now directly owns 679,776,137 shares in the company, valued at approximately $108,927,328,192.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other T-Mobile US news, Director Telekom Ag Deutsche sold 170,703 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $160.24, for a total value of $27,353,448.72. Following the sale, the director now directly owns 679,776,137 shares of the company’s stock, valued at approximately $108,927,328,192.88. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Michael J. Katz sold 3,000 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $177.59, for a total transaction of $532,770.00. Following the transaction, the insider now directly owns 122,687 shares of the company’s stock, valued at approximately $21,787,984.33. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,678,884 shares of company stock worth $955,868,736. 0.67% of the stock is owned by insiders.

About T-Mobile US

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.