Kowal Investment Group LLC Buys New Shares in T-Mobile US, Inc. (NASDAQ:TMUS)

Kowal Investment Group LLC bought a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,226 shares of the Wireless communications provider’s stock, valued at approximately $200,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Norges Bank purchased a new stake in T-Mobile US during the 4th quarter valued at $3,338,708,000. Morgan Stanley boosted its position in T-Mobile US by 0.9% during the 3rd quarter. Morgan Stanley now owns 11,255,490 shares of the Wireless communications provider’s stock valued at $1,576,332,000 after buying an additional 104,490 shares during the period. Royal Bank of Canada lifted its position in shares of T-Mobile US by 7.1% in the 3rd quarter. Royal Bank of Canada now owns 10,505,308 shares of the Wireless communications provider’s stock worth $1,471,269,000 after purchasing an additional 693,443 shares during the period. Wellington Management Group LLP lifted its position in shares of T-Mobile US by 200.0% in the 4th quarter. Wellington Management Group LLP now owns 6,362,601 shares of the Wireless communications provider’s stock worth $1,020,116,000 after purchasing an additional 4,241,877 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of T-Mobile US by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,258,386 shares of the Wireless communications provider’s stock worth $682,699,000 after purchasing an additional 23,800 shares during the period. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Up 1.6 %

NASDAQ:TMUS opened at $179.08 on Tuesday. The firm has a market cap of $209.85 billion, a P/E ratio of 24.36, a P/E/G ratio of 0.69 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. T-Mobile US, Inc. has a fifty-two week low of $131.47 and a fifty-two week high of $182.67. The firm has a 50-day simple moving average of $169.84 and a two-hundred day simple moving average of $164.54.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.17. T-Mobile US had a net margin of 11.15% and a return on equity of 13.61%. The business had revenue of $19.59 billion during the quarter, compared to analyst estimates of $19.81 billion. During the same period last year, the business earned $1.58 EPS. T-Mobile US’s revenue was down .2% compared to the same quarter last year. Analysts predict that T-Mobile US, Inc. will post 9.01 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 Thursday, September 12th. Stockholders of record on Friday, August 30th will be paid a $0.65 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.45%. T-Mobile US’s dividend payout ratio is presently 35.37%.

Analysts Set New Price Targets

TMUS has been the subject of several research analyst reports. StockNews.com raised shares of T-Mobile US from a “hold” rating to a “buy” rating in a research report on Thursday, June 13th. Benchmark reaffirmed a “buy” rating and issued a $200.00 target price on shares of T-Mobile US in a research report on Wednesday, May 29th. KeyCorp raised their target price on shares of T-Mobile US from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. Oppenheimer reaffirmed an “outperform” rating and issued a $190.00 target price on shares of T-Mobile US in a research report on Wednesday, April 3rd. Finally, Citigroup lifted their price target on shares of T-Mobile US from $176.00 to $184.00 and gave the company a “buy” rating in a research report on Monday, March 25th. Fifteen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, T-Mobile US presently has a consensus rating of “Buy” and an average price target of $190.79.

Insider Transactions at T-Mobile US

In other news, CAO Dara Bazzano sold 4,300 shares of T-Mobile US stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $179.78, for a total value of $773,054.00. Following the completion of the sale, the chief accounting officer now directly owns 6,202 shares in the company, valued at $1,114,995.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Telekom Ag Deutsche sold 133,461 shares of the firm’s stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $176.82, for a total value of $23,598,574.02. Following the transaction, the director now owns 670,278,284 shares of the company’s stock, valued at $118,518,606,176.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Dara Bazzano sold 4,300 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $179.78, for a total transaction of $773,054.00. Following the completion of the transaction, the chief accounting officer now directly owns 6,202 shares in the company, valued at approximately $1,114,995.56. The disclosure for this sale can be found here. Insiders sold 6,586,500 shares of company stock worth $1,102,006,954 over the last three months. 0.67% of the stock is currently owned by company insiders.

T-Mobile US Company 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.