Broadway Wealth Solutions Inc. Invests $310,000 in T-Mobile US, Inc. (NASDAQ:TMUS)

Broadway Wealth Solutions Inc. purchased a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,406 shares of the Wireless communications provider’s stock, valued at approximately $310,000.

Other institutional investors also recently added to or reduced their stakes in the company. Dunhill Financial LLC lifted its stake in shares of T-Mobile US by 76.7% in the third quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock valued at $27,000 after purchasing an additional 56 shares during the period. Rakuten Securities Inc. boosted its stake in shares of 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 acquiring an additional 62 shares during the last quarter. CoreFirst Bank & Trust purchased a new stake in T-Mobile US during the 4th quarter worth about $28,000. Financial Life Planners purchased a new position in T-Mobile US in the 4th quarter valued at about $29,000. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of T-Mobile US during the 3rd quarter worth about $34,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS opened at $268.28 on Friday. The stock has a market capitalization of $306.31 billion, a P/E ratio of 27.74, a P/E/G ratio of 1.55 and a beta of 0.64. The business has a 50-day moving average of $252.00 and a two-hundred day moving average of $232.15. T-Mobile US, Inc. has a fifty-two week low of $159.14 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.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share 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, equities research analysts predict 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. Investors of record on Friday, May 30th will be paid a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.31%. The ex-dividend date is Friday, May 30th. T-Mobile US’s dividend payout ratio is 36.40%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on TMUS shares. Tigress Financial reiterated a “buy” rating on shares of T-Mobile US in a report on Wednesday, February 26th. Wells Fargo & Company reissued an “equal weight” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Citigroup cut 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. Benchmark restated a “buy” rating and set a $275.00 price target on shares of T-Mobile US in a research note on Thursday. Finally, Sanford C. Bernstein began coverage on T-Mobile US in a report on Tuesday, December 10th. They set a “market perform” rating and a $265.00 target price for the company. Eleven analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $256.80.

Insider Transactions at T-Mobile US

In related news, Director Srikant M. Datar sold 730 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total value of $191,990.00. Following the transaction, the director now owns 3,291 shares in the company, valued at $865,533. This trade represents a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.67% of the stock is owned by 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.