Hennion & Walsh Asset Management Inc. Purchases 433 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Hennion & Walsh Asset Management Inc. lifted its position in shares of T-Mobile US, Inc. (NASDAQ:TMUSFree Report) by 2.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,177 shares of the Wireless communications provider’s stock after purchasing an additional 433 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in T-Mobile US were worth $2,967,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Private Wealth Management Group LLC bought a new position in T-Mobile US during the 4th quarter worth $27,000. Valley National Advisers Inc. increased its stake in T-Mobile US by 232.1% during the 4th quarter. Valley National Advisers Inc. now owns 176 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 123 shares during the period. Baker Avenue Asset Management LP increased its stake in T-Mobile US by 63.3% during the 3rd quarter. Baker Avenue Asset Management LP now owns 209 shares of the Wireless communications provider’s stock worth $29,000 after acquiring an additional 81 shares during the period. Bay Harbor Wealth Management LLC bought a new position in T-Mobile US during the 4th quarter worth $34,000. Finally, Pinnacle Bancorp Inc. increased its stake in T-Mobile US by 52.8% during the 1st quarter. Pinnacle Bancorp Inc. now owns 220 shares of the Wireless communications provider’s stock worth $36,000 after acquiring an additional 76 shares during the period. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Trading Down 0.7 %

NASDAQ TMUS opened at $176.18 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.94 and a debt-to-equity ratio of 1.25. T-Mobile US, Inc. has a twelve month low of $131.47 and a twelve month high of $182.67. The company has a market cap of $206.46 billion, a price-to-earnings ratio of 23.97, a price-to-earnings-growth ratio of 0.69 and a beta of 0.50. The business’s fifty day moving average is $169.84 and its 200 day moving average is $164.50.

T-Mobile US (NASDAQ:TMUSGet Free Report) last released its quarterly earnings data on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.17. T-Mobile US had a return on equity of 13.61% and a net margin of 11.15%. The company had revenue of $19.59 billion for the quarter, compared to the consensus estimate of $19.81 billion. During the same quarter last year, the business posted $1.58 EPS. T-Mobile US’s revenue for the quarter was down .2% on a year-over-year basis. As a group, sell-side analysts expect that T-Mobile US, Inc. will post 9.01 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Friday, August 30th will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend is Friday, August 30th. T-Mobile US’s payout ratio is presently 35.37%.

Wall Street Analyst Weigh In

TMUS has been the topic of a number of recent research reports. Benchmark restated a “buy” rating and set a $200.00 price objective on shares of T-Mobile US in a research note on Wednesday, May 29th. Oppenheimer reaffirmed an “outperform” rating and issued a $190.00 target price on shares of T-Mobile US in a report on Wednesday, April 3rd. Royal Bank of Canada raised their target price on T-Mobile US from $184.00 to $188.00 and gave the company an “outperform” rating in a report on Friday, April 26th. KeyCorp raised their target price on T-Mobile US from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Finally, TD Cowen reduced their target price on T-Mobile US from $204.00 to $202.00 and set a “buy” rating on the stock in a report on Friday, April 26th. Fourteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, T-Mobile US has an average rating of “Buy” and an average target price of $190.36.

View Our Latest Stock Analysis on TMUS

Insiders Place Their Bets

In other T-Mobile US news, Director Telekom Ag Deutsche sold 170,903 shares of T-Mobile US stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $159.95, for a total transaction of $27,335,934.85. Following the transaction, the director now directly owns 680,306,713 shares of the company’s stock, valued at approximately $108,815,058,744.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO G Michael Sievert sold 20,000 shares of T-Mobile US stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $163.20, for a total value of $3,264,000.00. Following the completion of the transaction, the chief executive officer now directly owns 458,124 shares of the company’s stock, valued at approximately $74,765,836.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Telekom Ag Deutsche sold 170,903 shares of the business’s stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of $159.95, for a total value of $27,335,934.85. Following the completion of the sale, the director now directly owns 680,306,713 shares of the company’s stock, valued at $108,815,058,744.35. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,779,170 shares of company stock valued at $1,133,297,126. 0.67% of the stock is currently owned by company insiders.

T-Mobile US Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for T-Mobile US (NASDAQ:TMUS)

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