Elevation Point Wealth Partners LLC Has $5.05 Million Stock Position in T-Mobile US, Inc. $TMUS

Elevation Point Wealth Partners LLC increased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 397.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 24,058 shares of the Wireless communications provider’s stock after purchasing an additional 19,221 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in T-Mobile US were worth $5,053,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Lansforsakringar Fondforvaltning AB publ lifted its stake in T-Mobile US by 14.6% in the first quarter. Lansforsakringar Fondforvaltning AB publ now owns 187,373 shares of the Wireless communications provider’s stock worth $39,354,000 after purchasing an additional 23,836 shares during the last quarter. Quilter Plc lifted its stake in shares of T-Mobile US by 7.8% in the 4th quarter. Quilter Plc now owns 465,838 shares of the Wireless communications provider’s stock valued at $94,584,000 after acquiring an additional 33,813 shares during the last quarter. Swiss National Bank lifted its stake in shares of T-Mobile US by 4.6% in the 3rd quarter. Swiss National Bank now owns 1,472,902 shares of the Wireless communications provider’s stock valued at $352,583,000 after acquiring an additional 65,400 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in T-Mobile US by 16.7% during the 4th quarter. Thrivent Financial for Lutherans now owns 98,469 shares of the Wireless communications provider’s stock valued at $20,010,000 after acquiring an additional 14,110 shares during the period. Finally, CSM Advisors LLC boosted its holdings in T-Mobile US by 62.3% during the 3rd quarter. CSM Advisors LLC now owns 123,378 shares of the Wireless communications provider’s stock valued at $29,533,000 after acquiring an additional 47,356 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on TMUS. DZ Bank reaffirmed a “buy” rating on shares of T-Mobile US in a research note on Wednesday, May 6th. Barclays restated a “buy” rating on shares of T-Mobile US in a report on Friday, April 24th. Moffett Nathanson raised shares of T-Mobile US from a “neutral” rating to a “buy” rating and set a $254.00 target price on the stock in a research note on Wednesday, April 8th. Morgan Stanley started coverage on shares of T-Mobile US in a report on Thursday, April 16th. They set an “overweight” rating and a $260.00 price target for the company. Finally, Sanford C. Bernstein reissued a “neutral” rating on shares of T-Mobile US in a research report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $260.27.

Insider Buying and Selling at T-Mobile US

In other news, insider Michael J. Katz sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $195.81, for a total transaction of $979,050.00. Following the completion of the transaction, the insider directly owned 181,930 shares of the company’s stock, valued at $35,623,713.30. The trade was a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Andre Almeida purchased 5,097 shares of T-Mobile US stock in a transaction dated Friday, May 1st. The shares were acquired at an average cost of $196.18 per share, with a total value of $999,929.46. Following the transaction, the insider directly owned 44,850 shares in the company, valued at approximately $8,798,673. The trade was a 12.82% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 0.32% of the company’s stock.

T-Mobile US Price Performance

TMUS opened at $177.52 on Friday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.97 and a current ratio of 1.09. T-Mobile US, Inc. has a 52-week low of $165.66 and a 52-week high of $261.56. The stock has a market capitalization of $192.11 billion, a PE ratio of 18.89, a price-to-earnings-growth ratio of 1.03 and a beta of 0.33. The stock’s 50 day moving average price is $186.09 and its 200-day moving average price is $197.08.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.26. The company had revenue of $23.11 billion during the quarter, compared to analyst estimates of $22.98 billion. T-Mobile US had a return on equity of 19.47% and a net margin of 11.65%.The firm’s revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the firm posted $2.58 earnings per share. On average, equities research analysts predict that T-Mobile US, Inc. will post 10.65 EPS for the current year.

T-Mobile US Announces Dividend

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 given a $1.02 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $4.08 annualized dividend and a yield of 2.3%. T-Mobile US’s dividend payout ratio is 43.40%.

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.