KMG Fiduciary Partners LLC Purchases 6,405 Shares of T-Mobile US, Inc. $TMUS

KMG Fiduciary Partners LLC grew its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 170.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,166 shares of the Wireless communications provider’s stock after buying an additional 6,405 shares during the period. KMG Fiduciary Partners LLC’s holdings in T-Mobile US were worth $1,705,000 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. Main Street Group LTD acquired a new stake in T-Mobile US in the first quarter valued at approximately $25,000. JDM Financial Group LLC increased its position in shares of T-Mobile US by 114.0% during the fourth quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 65 shares in the last quarter. Swiss RE Ltd. purchased a new stake in shares of T-Mobile US during the 4th quarter valued at $29,000. Turning Point Benefit Group Inc. boosted its position in shares of T-Mobile US by 3,825.0% in the 4th quarter. Turning Point Benefit Group Inc. now owns 157 shares of the Wireless communications provider’s stock worth $32,000 after purchasing an additional 153 shares in the last quarter. Finally, Sachetta LLC boosted its position in shares of T-Mobile US by 52.9% in the 1st quarter. Sachetta LLC now owns 159 shares of the Wireless communications provider’s stock worth $33,000 after purchasing an additional 55 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insider Buying and Selling at T-Mobile US

In other news, COO Jon Freier sold 4,799 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $190.00, for a total value of $911,810.00. Following the completion of the transaction, the chief operating officer owned 217,168 shares of the company’s stock, valued at $41,261,920. The trade was a 2.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Royal Bank Of Canada reduced their target price on T-Mobile US from $240.00 to $230.00 and set an “outperform” rating on the stock in a research report on Monday, July 20th. Morgan Stanley lowered their price target on T-Mobile US from $260.00 to $230.00 and set an “overweight” rating for the company in a report on Tuesday, July 7th. Barclays dropped their price target on T-Mobile US from $230.00 to $215.00 and set an “overweight” rating on the stock in a research note on Friday, July 24th. TD Cowen cut their price objective on shares of T-Mobile US from $261.00 to $260.00 and set a “buy” rating on the stock in a report on Friday, July 24th. Finally, Oppenheimer upgraded shares of T-Mobile US from a “market perform” rating to an “outperform” rating and set a $260.00 target price for the company in a research note on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $252.08.

T-Mobile US Stock Performance

Shares of NASDAQ TMUS opened at $178.20 on Tuesday. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 1.48. T-Mobile US, Inc. has a 12 month low of $165.66 and a 12 month high of $261.56. The company has a 50 day simple moving average of $181.67 and a two-hundred day simple moving average of $194.42. The stock has a market cap of $191.15 billion, a price-to-earnings ratio of 18.66, a PEG ratio of 1.00 and a beta of 0.33.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share for the quarter, topping analysts’ consensus estimates of $2.59 by $0.40. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. The firm had revenue of $22.79 billion for the quarter, compared to analyst estimates of $22.95 billion. During the same quarter in the prior year, the business earned $2.84 earnings per share. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. As a group, analysts predict that T-Mobile US, Inc. will post 10.72 earnings per share for the current year.

T-Mobile US Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 28th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Friday, August 28th. T-Mobile US’s dividend payout ratio (DPR) is currently 42.72%.

About T-Mobile US

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.