Broadway Wealth Solutions Inc. Purchases Shares of 1,406 T-Mobile US, Inc. (NASDAQ:TMUS)

Broadway Wealth Solutions Inc. acquired a new stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,406 shares of the Wireless communications provider's stock, valued at approximately $310,000.

Several other large investors also recently modified their holdings of the company. Signaturefd LLC grew its position in shares of T-Mobile US by 0.4% during the 4th quarter. Signaturefd LLC now owns 11,324 shares of the Wireless communications provider's stock worth $2,499,000 after buying an additional 41 shares during the period. JSF Financial LLC increased its position in T-Mobile US by 0.9% in the 4th quarter. JSF Financial LLC now owns 5,062 shares of the Wireless communications provider's stock valued at $1,117,000 after buying an additional 44 shares in the last quarter. D Orazio & Associates Inc. boosted its holdings in T-Mobile US by 3.7% in the fourth quarter. D Orazio & Associates Inc. now owns 1,316 shares of the Wireless communications provider's stock worth $290,000 after acquiring an additional 47 shares in the last quarter. Warren Street Wealth Advisors LLC grew its stake in T-Mobile US by 4.3% in the fourth quarter. Warren Street Wealth Advisors LLC now owns 1,141 shares of the Wireless communications provider's stock valued at $252,000 after acquiring an additional 47 shares during the period. Finally, Relyea Zuckerberg Hanson LLC increased its holdings in shares of T-Mobile US by 3.9% during the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 1,286 shares of the Wireless communications provider's stock valued at $284,000 after acquiring an additional 48 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

TMUS has been the subject of several research reports. UBS Group downgraded shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 21st. Sanford C. Bernstein started coverage on shares of T-Mobile US in a report on Tuesday, December 10th. They issued a "market perform" rating and a $265.00 target price on the stock. Morgan Stanley assumed coverage on shares of T-Mobile US in a research report on Monday, December 16th. They issued an "overweight" rating and a $280.00 price target on the stock. Barclays increased their price target on T-Mobile US from $230.00 to $250.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Finally, Citigroup lowered shares of T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 price target on the stock. in a research report on Friday, March 14th. Eleven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $256.80.

T-Mobile US Stock Performance

Shares of NASDAQ TMUS traded down $1.64 during midday trading on Tuesday, hitting $265.08. The company's stock had a trading volume of 1,067,804 shares, compared to its average volume of 4,156,154. The stock has a fifty day moving average price of $253.88 and a 200 day moving average price of $233.59. The firm has a market capitalization of $302.65 billion, a price-to-earnings ratio of 27.43, a P/E/G ratio of 1.55 and a beta of 0.64. T-Mobile US, Inc. has a one year low of $159.14 and a one year high of $276.49. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. On average, research analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Friday, May 30th. T-Mobile US's dividend payout ratio is presently 36.40%.

Insider Transactions at T-Mobile US

In related news, Director Srikant M. Datar sold 730 shares of T-Mobile US stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total transaction of $191,990.00. Following the completion of the sale, the director now owns 3,291 shares of the company's stock, valued at approximately $865,533. This trade represents a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.67% of the company's stock.

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.