Brophy Wealth Management LLC Makes New Investment in T-Mobile US, Inc. (NASDAQ:TMUS)

Brophy Wealth Management LLC purchased a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 4,310 shares of the Wireless communications provider’s stock, valued at approximately $889,000.

Several other institutional investors and hedge funds have also modified their holdings of TMUS. KPP Advisory Services LLC raised its holdings in shares of T-Mobile US by 2.6% in the 3rd quarter. KPP Advisory Services LLC now owns 1,744 shares of the Wireless communications provider’s stock worth $360,000 after buying an additional 45 shares in the last quarter. DT Investment Partners LLC grew its position in T-Mobile US by 65.3% in the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 47 shares during the period. Davis Investment Partners LLC raised its stake in T-Mobile US by 0.6% during the third quarter. Davis Investment Partners LLC now owns 8,223 shares of the Wireless communications provider’s stock worth $1,711,000 after acquiring an additional 51 shares in the last quarter. Barden Capital Management Inc. raised its stake in T-Mobile US by 0.8% during the third quarter. Barden Capital Management Inc. now owns 6,824 shares of the Wireless communications provider’s stock worth $1,408,000 after acquiring an additional 54 shares in the last quarter. Finally, Benjamin Edwards Inc. lifted its holdings in shares of T-Mobile US by 0.7% during the second quarter. Benjamin Edwards Inc. now owns 8,331 shares of the Wireless communications provider’s stock valued at $1,468,000 after acquiring an additional 56 shares during the period. Institutional investors and hedge funds own 42.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on TMUS shares. Barclays upped their target price on shares of T-Mobile US from $215.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Royal Bank of Canada upped their price objective on shares of T-Mobile US from $232.00 to $255.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Morgan Stanley lifted their target price on shares of T-Mobile US from $209.00 to $239.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. KeyCorp boosted their target price on T-Mobile US from $230.00 to $252.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Finally, Evercore ISI raised their price target on T-Mobile US from $220.00 to $240.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, T-Mobile US currently has a consensus rating of “Moderate Buy” and an average target price of $244.33.

T-Mobile US Price Performance

T-Mobile US stock opened at $228.86 on Tuesday. The business’s 50-day simple moving average is $228.52 and its 200 day simple moving average is $201.51. 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 $265.59 billion, a price-to-earnings ratio of 26.10, a P/E/G ratio of 1.24 and a beta of 0.53. T-Mobile US, Inc. has a 12-month low of $153.84 and a 12-month high of $248.15.

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

T-Mobile US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Friday, February 28th will be issued a $0.88 dividend. The ex-dividend date is Friday, February 28th. This represents a $3.52 dividend on an annualized basis and a yield of 1.54%. T-Mobile US’s dividend payout ratio is presently 40.14%.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $237.73, for a total value of $4,754,600.00. Following the completion of the sale, the chief executive officer now owns 378,124 shares of the company’s stock, valued at approximately $89,891,418.52. This represents a 5.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Srikant M. Datar sold 1,000 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $247.19, for a total value of $247,190.00. Following the sale, the director now directly owns 5,021 shares in the company, valued at $1,241,140.99. The trade was a 16.61 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 341,178 shares of company stock valued at $73,048,712. 0.67% of the stock is currently owned by company insiders.

About T-Mobile US

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.