Golden State Wealth Management LLC Purchases 140 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Golden State Wealth Management LLC lifted its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 68.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 345 shares of the Wireless communications provider’s stock after purchasing an additional 140 shares during the quarter. Golden State Wealth Management LLC’s holdings in T-Mobile US were worth $92,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of TMUS. Godsey & Gibb Inc. grew its holdings in shares of T-Mobile US by 139.5% in the first quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider’s stock valued at $27,000 after purchasing an additional 60 shares in the last quarter. Rakuten Securities Inc. lifted its position in T-Mobile US by 93.9% in the fourth quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 62 shares during the last quarter. CoreFirst Bank & Trust bought a new stake in T-Mobile US in the fourth quarter worth $28,000. Adirondack Trust Co. lifted its position in T-Mobile US by 366.7% in the first quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider’s stock worth $37,000 after buying an additional 110 shares during the last quarter. Finally, City Holding Co. lifted its position in T-Mobile US by 45.3% in the first quarter. City Holding Co. now owns 138 shares of the Wireless communications provider’s stock worth $37,000 after buying an additional 43 shares during the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $237.89, for a total value of $16,614,237.60. Following the transaction, the director owned 647,800,524 shares in the company, valued at $154,105,266,654.36. The trade was a 0.01% 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. Insiders sold a total of 628,560 shares of company stock valued at $144,455,659 in the last 90 days. 0.37% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on TMUS. JPMorgan Chase & Co. raised their price target on T-Mobile US from $265.00 to $270.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 18th. Royal Bank Of Canada raised their price target on T-Mobile US from $245.00 to $260.00 and gave the stock a “sector perform” rating in a research report on Friday, March 21st. Tigress Financial raised their price target on T-Mobile US from $290.00 to $305.00 and gave the stock a “buy” rating in a research report on Tuesday, April 29th. Benchmark restated a “buy” rating and issued a $275.00 price target on shares of T-Mobile US in a research report on Thursday, March 27th. Finally, Citigroup downgraded T-Mobile US from a “buy” rating to a “neutral” rating and set a $268.00 price target for the company. in a research report on Friday, March 14th. Eleven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, T-Mobile US presently has a consensus rating of “Moderate Buy” and a consensus price target of $257.68.

T-Mobile US Price Performance

TMUS opened at $240.31 on Monday. The business’s 50-day moving average is $238.63 and its two-hundred day moving average is $243.47. T-Mobile US, Inc. has a 1 year low of $173.74 and a 1 year high of $276.49. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.16 and a quick ratio of 1.08. The firm has a market capitalization of $272.86 billion, a PE ratio of 23.44, a price-to-earnings-growth ratio of 1.32 and a beta of 0.62.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.48 by $0.10. T-Mobile US had a return on equity of 19.09% and a net margin of 14.41%. The company had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.67 billion. During the same quarter in the previous year, the firm earned $2.00 earnings per share. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. Research analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be paid a $0.88 dividend. The ex-dividend date is Friday, August 29th. This represents a $3.52 annualized dividend and a yield of 1.46%. T-Mobile US’s dividend payout ratio (DPR) is presently 34.34%.

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.