GC Wealth Management RIA LLC Has $2.80 Million Position in T-Mobile US, Inc. (NASDAQ:TMUS)

GC Wealth Management RIA LLC increased its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 14.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,703 shares of the Wireless communications provider’s stock after purchasing an additional 1,592 shares during the quarter. GC Wealth Management RIA LLC’s holdings in T-Mobile US were worth $2,804,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. Principal Financial Group Inc. lifted its stake in T-Mobile US by 2.5% in the third quarter. Principal Financial Group Inc. now owns 1,978,567 shares of the Wireless communications provider’s stock valued at $408,297,000 after acquiring an additional 47,350 shares during the last quarter. Fiera Capital Corp acquired a new stake in T-Mobile US in the third quarter valued at approximately $483,000. CWA Asset Management Group LLC acquired a new stake in T-Mobile US in the third quarter valued at approximately $388,000. Verdence Capital Advisors LLC lifted its stake in T-Mobile US by 6.0% in the third quarter. Verdence Capital Advisors LLC now owns 5,471 shares of the Wireless communications provider’s stock valued at $1,129,000 after acquiring an additional 308 shares during the last quarter. Finally, Assetmark Inc. lifted its stake in T-Mobile US by 4.4% in the third quarter. Assetmark Inc. now owns 40,829 shares of the Wireless communications provider’s stock valued at $8,426,000 after acquiring an additional 1,721 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TMUS has been the subject of a number of analyst reports. Tigress Financial reiterated a “buy” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Sanford C. Bernstein began coverage on shares of T-Mobile US in a research note on Tuesday, December 10th. They issued a “market perform” rating and a $265.00 target price for the company. Barclays lifted their price target on shares of T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. HSBC lowered shares of T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 price target on the stock. in a research report on Wednesday, March 5th. Finally, KeyCorp lowered shares of T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 price target on the stock. in a research report on Thursday, December 12th. Nine research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $254.10.

T-Mobile US Stock Up 0.5 %

TMUS opened at $266.63 on Tuesday. T-Mobile US, Inc. has a fifty-two week low of $158.84 and a fifty-two week high of $276.49. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. The firm’s fifty day moving average price is $240.72 and its two-hundred day moving average price is $227.13. The company has a market capitalization of $304.42 billion, a P/E ratio of 27.57, a P/E/G ratio of 1.55 and a beta of 0.64.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, topping analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. On average, analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $3.52 annualized dividend and a dividend yield of 1.32%. T-Mobile US’s dividend payout ratio is presently 36.40%.

Insider Activity

In other news, Director Srikant M. Datar sold 730 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total value of $191,990.00. Following the sale, the director now owns 3,291 shares in the company, valued at approximately $865,533. The trade was a 18.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Letitia A. Long sold 1,100 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $231.08, for a total transaction of $254,188.00. Following the transaction, the director now owns 5,653 shares in the company, valued at approximately $1,306,295.24. This trade represents a 16.29 % decrease in their position. The disclosure for this sale can be found here. 0.67% of the stock is owned by corporate insiders.

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.