Moran Wealth Management LLC Has $3.79 Million Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Moran Wealth Management LLC increased its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 0.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,371 shares of the Wireless communications provider’s stock after buying an additional 145 shares during the quarter. Moran Wealth Management LLC’s holdings in T-Mobile US were worth $3,791,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in TMUS. Legal & General Group Plc increased its stake in shares of T-Mobile US by 6.8% in the second quarter. Legal & General Group Plc now owns 4,751,007 shares of the Wireless communications provider’s stock valued at $837,032,000 after buying an additional 303,582 shares during the period. Blackstone Inc. acquired a new stake in T-Mobile US during the 1st quarter valued at approximately $48,966,000. International Assets Investment Management LLC increased its position in T-Mobile US by 21,580.9% during the 3rd quarter. International Assets Investment Management LLC now owns 249,981 shares of the Wireless communications provider’s stock valued at $51,586,000 after purchasing an additional 248,828 shares during the period. Swedbank AB acquired a new stake in T-Mobile US during the 1st quarter valued at approximately $38,784,000. Finally, Distillate Capital Partners LLC acquired a new stake in T-Mobile US during the 2nd quarter valued at approximately $41,860,000. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insider Buying and Selling at T-Mobile US

In other news, CEO G Michael Sievert sold 20,000 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $237.73, for a total transaction of $4,754,600.00. Following the completion of the sale, the chief executive officer now directly owns 378,124 shares of the company’s stock, valued at $89,891,418.52. This trade represents a 5.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Raul Marcelo Claure sold 2,706 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $200.11, for a total value of $541,497.66. Following the sale, the director now directly owns 1,826,204 shares of the company’s stock, valued at approximately $365,441,682.44. This represents a 0.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 455,338 shares of company stock worth $95,539,866. Corporate insiders own 0.67% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on TMUS. BNP Paribas raised shares of T-Mobile US to a “strong-buy” rating in a research report on Friday, October 25th. The Goldman Sachs Group increased their target price on shares of T-Mobile US from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Tigress Financial increased their target price on shares of T-Mobile US from $205.00 to $235.00 and gave the company a “buy” rating in a research report on Monday, August 12th. Royal Bank of Canada increased their target price on shares of T-Mobile US from $232.00 to $255.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Finally, KeyCorp raised their price objective on shares of T-Mobile US from $230.00 to $252.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Three analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $241.83.

T-Mobile US Price Performance

Shares of TMUS opened at $235.47 on Thursday. T-Mobile US, Inc. has a 12-month low of $147.96 and a 12-month high of $242.43. The business’s fifty day moving average is $218.19 and its 200 day moving average is $194.11. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. The stock has a market cap of $273.26 billion, a P/E ratio of 26.85, a P/E/G ratio of 1.19 and a beta of 0.50.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.32 by $0.29. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The business had revenue of $20.16 billion for the quarter, compared to analysts’ expectations of $20.01 billion. During the same period last year, the business earned $1.82 EPS. The business’s revenue was up 4.7% on a year-over-year basis. Sell-side analysts anticipate that T-Mobile US, Inc. will post 9.38 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be paid a dividend of $0.88 per share. The ex-dividend date is Wednesday, November 27th. This is a boost from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 annualized dividend and a yield of 1.49%. T-Mobile US’s dividend payout ratio (DPR) is 29.65%.

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.