MGO One Seven LLC Purchases 1,618 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

MGO One Seven LLC raised its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 25.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,081 shares of the Wireless communications provider's stock after acquiring an additional 1,618 shares during the quarter. MGO One Seven LLC's holdings in T-Mobile US were worth $1,784,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Rakuten Securities Inc. grew its holdings in T-Mobile US by 93.9% during the fourth quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider's stock valued at $28,000 after purchasing an additional 62 shares during the period. CoreFirst Bank & Trust purchased a new position in shares of T-Mobile US during the 4th quarter valued at about $28,000. Financial Life Planners bought a new position in shares of T-Mobile US during the 4th quarter valued at approximately $29,000. Bruce G. Allen Investments LLC increased its holdings in T-Mobile US by 79.3% in the 4th quarter. Bruce G. Allen Investments LLC now owns 165 shares of the Wireless communications provider's stock worth $36,000 after acquiring an additional 73 shares in the last quarter. Finally, Albion Financial Group UT bought a new stake in T-Mobile US during the 4th quarter worth approximately $39,000. Institutional investors own 42.49% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TMUS. Scotiabank increased their price objective on shares of T-Mobile US from $247.00 to $275.00 and gave the stock a "sector perform" rating in a research note on Monday, March 3rd. Royal Bank of Canada increased their price target on T-Mobile US from $245.00 to $260.00 and gave the stock a "sector perform" rating in a research note on Friday, March 21st. Oppenheimer increased their target price on T-Mobile US from $250.00 to $275.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. Citigroup downgraded T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 price target for the company. in a research note on Friday, March 14th. Finally, Barclays raised their target price on shares of T-Mobile US from $230.00 to $250.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Eleven 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 currently has a consensus rating of "Moderate Buy" and a consensus price target of $256.80.

T-Mobile US Trading Down 11.2 %

Shares of TMUS traded down $29.41 during mid-day trading on Friday, reaching $232.77. 13,554,734 shares of the company's stock traded hands, compared to its average volume of 4,251,776. T-Mobile US, Inc. has a 12 month low of $161.61 and a 12 month 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 stock has a market cap of $264.58 billion, a P/E ratio of 24.07, a P/E/G ratio of 1.55 and a beta of 0.63. The stock's 50-day moving average is $260.36 and its two-hundred day moving average is $240.97.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.48 by $0.10. The firm had revenue of $20.89 billion during 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%. Research analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

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 paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US's dividend payout ratio is presently 36.40%.

Insider Buying and Selling

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of the firm's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total transaction of $191,990.00. Following the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.67% of the stock is owned by 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.