Bright Futures Wealth Management LLC. Takes $1.41 Million Position in T-Mobile US, Inc. $TMUS

Bright Futures Wealth Management LLC. acquired a new position in T-Mobile US, Inc. (NASDAQ:TMUS) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 5,879 shares of the Wireless communications provider’s stock, valued at approximately $1,407,000. T-Mobile US accounts for about 1.1% of Bright Futures Wealth Management LLC.’s holdings, making the stock its 28th largest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of TMUS. Assetmark Inc. boosted its stake in T-Mobile US by 21.2% during the second quarter. Assetmark Inc. now owns 33,029 shares of the Wireless communications provider’s stock valued at $7,870,000 after buying an additional 5,777 shares during the period. Kovack Advisors Inc. raised its holdings in shares of T-Mobile US by 58.1% in the 2nd quarter. Kovack Advisors Inc. now owns 1,952 shares of the Wireless communications provider’s stock valued at $465,000 after acquiring an additional 717 shares in the last quarter. Accuvest Global Advisors bought a new stake in shares of T-Mobile US during the 2nd quarter valued at about $2,985,000. Mission Wealth Management LP grew its holdings in shares of T-Mobile US by 28.0% during the second quarter. Mission Wealth Management LP now owns 13,096 shares of the Wireless communications provider’s stock worth $3,120,000 after purchasing an additional 2,867 shares in the last quarter. Finally, EPG Wealth Management LLC increased its position in shares of T-Mobile US by 9.0% in the second quarter. EPG Wealth Management LLC now owns 4,767 shares of the Wireless communications provider’s stock worth $1,136,000 after purchasing an additional 393 shares during the last quarter. Institutional investors own 42.49% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on TMUS shares. Citigroup cut their price target on shares of T-Mobile US from $268.00 to $220.00 and set a “neutral” rating for the company in a research note on Friday, December 19th. KeyCorp upgraded shares of T-Mobile US from an “underweight” rating to a “sector weight” rating in a research report on Tuesday, December 2nd. The Goldman Sachs Group raised their price target on T-Mobile US from $233.00 to $254.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. Tigress Financial lifted their price target on T-Mobile US from $305.00 to $310.00 and gave the stock a “buy” rating in a research note on Tuesday, November 11th. Finally, Weiss Ratings cut T-Mobile US from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $257.09.

T-Mobile US Price Performance

Shares of T-Mobile US stock opened at $217.09 on Monday. The business has a 50 day moving average of $200.69 and a 200 day moving average of $216.81. T-Mobile US, Inc. has a 52 week low of $181.36 and a 52 week high of $276.49. The company has a market cap of $239.20 billion, a PE ratio of 22.36, a P/E/G ratio of 1.40 and a beta of 0.42. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.45.

T-Mobile US Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Friday, February 27th will be issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Friday, February 27th. T-Mobile US’s dividend payout ratio (DPR) is presently 42.02%.

Insider Transactions at T-Mobile US

In other news, CFO Peter Osvaldik sold 27,000 shares of the stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $214.86, for a total transaction of $5,801,220.00. Following the sale, the chief financial officer owned 51,573 shares in the company, valued at $11,080,974.78. This represents a 34.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director G Michael Sievert sold 1,089 shares of T-Mobile US stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $221.85, for a total value of $241,594.65. Following the completion of the sale, the director directly owned 125,696 shares of the company’s stock, valued at approximately $27,885,657.60. The trade was a 0.86% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 692,300 shares of company stock worth $150,426,595. Company insiders own 0.37% of the company’s stock.

T-Mobile US 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.