Proficio Capital Partners LLC Has $464,000 Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Proficio Capital Partners LLC raised its holdings in T-Mobile US, Inc. (NASDAQ:TMUSFree Report) by 2.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,840 shares of the Wireless communications provider’s stock after buying an additional 64 shares during the quarter. Proficio Capital Partners LLC’s holdings in T-Mobile US were worth $464,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in TMUS. Private Wealth Management Group LLC bought a new stake in shares of T-Mobile US during the fourth quarter valued at approximately $27,000. Valley National Advisers Inc. increased its holdings in shares of T-Mobile US by 232.1% during the fourth quarter. Valley National Advisers Inc. now owns 176 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 123 shares in the last quarter. Westside Investment Management Inc. increased its holdings in shares of T-Mobile US by 75.8% during the first quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 75 shares in the last quarter. Baker Avenue Asset Management LP increased its holdings in shares of T-Mobile US by 63.3% during the third quarter. Baker Avenue Asset Management LP now owns 209 shares of the Wireless communications provider’s stock valued at $29,000 after acquiring an additional 81 shares in the last quarter. Finally, Bay Harbor Wealth Management LLC bought a new stake in shares of T-Mobile US during the fourth quarter valued at approximately $34,000. 42.49% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TMUS has been the subject of several recent research reports. Benchmark reiterated a “buy” rating and set a $200.00 price target on shares of T-Mobile US in a report on Wednesday, May 29th. Royal Bank of Canada upped their price target on T-Mobile US from $184.00 to $188.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Oppenheimer reiterated an “outperform” rating and set a $190.00 price target on shares of T-Mobile US in a report on Wednesday, April 3rd. KeyCorp upped their price target on T-Mobile US from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. Finally, Citigroup upped their price target on T-Mobile US from $176.00 to $184.00 and gave the stock a “buy” rating in a report on Monday, March 25th. One research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, T-Mobile US currently has a consensus rating of “Buy” and an average price target of $190.79.

Get Our Latest Stock Report on T-Mobile US

T-Mobile US Stock Performance

NASDAQ:TMUS traded up $1.68 during trading on Wednesday, reaching $180.73. The company’s stock had a trading volume of 344,870 shares, compared to its average volume of 4,778,261. The firm has a market cap of $211.79 billion, a price-to-earnings ratio of 24.36, a price-to-earnings-growth ratio of 0.70 and a beta of 0.51. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.86 and a current ratio of 0.94. The firm has a 50 day moving average of $171.99 and a 200-day moving average of $165.68. T-Mobile US, Inc. has a 12 month low of $131.47 and a 12 month high of $182.67.

T-Mobile US (NASDAQ:TMUSGet Free Report) last issued its quarterly earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.17. T-Mobile US had a return on equity of 13.61% and a net margin of 11.15%. The firm had revenue of $19.59 billion for the quarter, compared to analysts’ expectations of $19.81 billion. During the same quarter in the prior year, the firm earned $1.58 EPS. The business’s revenue for the quarter was down .2% compared to the same quarter last year. Research analysts expect that T-Mobile US, Inc. will post 9.02 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Friday, August 30th will be given a dividend of $0.65 per share. The ex-dividend date is Friday, August 30th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.44%. T-Mobile US’s dividend payout ratio is presently 35.37%.

Insider Activity

In other news, Director Telekom Ag Deutsche sold 170,703 shares of the company’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $160.08, for a total transaction of $27,326,136.24. Following the transaction, the director now owns 679,946,840 shares of the company’s stock, valued at approximately $108,845,890,147.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Michael J. Katz sold 3,000 shares of the stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $177.59, for a total transaction of $532,770.00. Following the sale, the insider now owns 122,687 shares of the company’s stock, valued at approximately $21,787,984.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Telekom Ag Deutsche sold 170,703 shares of the stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $160.08, for a total value of $27,326,136.24. Following the sale, the director now directly owns 679,946,840 shares in the company, valued at approximately $108,845,890,147.20. The disclosure for this sale can be found here. Insiders have sold 5,849,587 shares of company stock valued at $983,194,872 in the last 90 days. Insiders own 0.67% of the company’s stock.

T-Mobile US Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for T-Mobile US (NASDAQ:TMUS)

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