Transform Wealth LLC Cuts Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Transform Wealth LLC lowered its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 4.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,140 shares of the Wireless communications provider’s stock after selling 2,356 shares during the period. Transform Wealth LLC’s holdings in T-Mobile US were worth $13,906,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Godsey & Gibb Inc. grew its stake in T-Mobile US by 139.5% during the 1st quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider’s stock valued at $27,000 after acquiring an additional 60 shares in the last quarter. Rakuten Securities Inc. grew its stake in T-Mobile US by 93.9% during the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 62 shares in the last quarter. CoreFirst Bank & Trust purchased a new stake in T-Mobile US during the 4th quarter valued at about $28,000. City Holding Co. grew its stake in T-Mobile US by 45.3% during the 1st quarter. City Holding Co. now owns 138 shares of the Wireless communications provider’s stock valued at $37,000 after acquiring an additional 43 shares in the last quarter. Finally, Adirondack Trust Co. grew its stake in T-Mobile US by 366.7% during the 1st quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider’s stock valued at $37,000 after acquiring an additional 110 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on TMUS. Scotiabank upgraded shares of T-Mobile US from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the company from $275.00 to $277.50 in a report on Wednesday, April 30th. Tigress Financial boosted their target price on shares of T-Mobile US from $290.00 to $305.00 and gave the company a “buy” rating in a report on Tuesday, April 29th. Citigroup lowered shares of T-Mobile US from a “buy” rating to a “neutral” rating and set a $268.00 target price on the stock. in a report on Friday, March 14th. Hsbc Global Res lowered shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 5th. Finally, Benchmark reiterated a “buy” rating and issued a $275.00 target price on shares of T-Mobile US in a report on Thursday, March 27th. Eleven analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $257.68.

T-Mobile US Price Performance

T-Mobile US stock opened at $236.98 on Wednesday. The firm has a market cap of $269.08 billion, a PE ratio of 24.51, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64. T-Mobile US, Inc. has a 52-week low of $171.18 and a 52-week high of $276.49. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. The company’s 50 day moving average is $247.34 and its two-hundred day moving average is $244.14.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.48 by $0.10. The company had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.67 billion. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the business earned $2.00 EPS. On average, research analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be issued a dividend of $0.88 per share. The ex-dividend date is Friday, August 29th. This represents a $3.52 dividend on an annualized basis and a yield of 1.49%. 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.