20,065 Shares in T-Mobile US, Inc. $TMUS Bought by McGowan Group Asset Management Inc.

McGowan Group Asset Management Inc. acquired 20,065 shares of T-Mobile US, Inc. valued at approximately $4,781,000 in the 2nd quarter. This acquisition is part of a broader trend of institutional investors adjusting their positions in T-Mobile US. The company has received various analyst ratings, with an average rating of 'Moderate Buy' and a target price of $266.83. T-Mobile US reported $2.41 EPS for the recent quarter, slightly above estimates, with a net margin of 13.83% and revenue of $21.96 billion.

McGowan Group Asset Management Inc. acquired a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 20,065 shares of the Wireless communications provider's stock, valued at approximately $4,781,000.

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Several other hedge funds and other institutional investors have also made changes to their positions in TMUS. Advyzon Investment Management LLC purchased a new position in shares of T-Mobile US during the 1st quarter worth about $270,000. Cary Street Partners Financial LLC lifted its stake in T-Mobile US by 247.0% in the first quarter. Cary Street Partners Financial LLC now owns 5,392 shares of the Wireless communications provider's stock worth $1,438,000 after purchasing an additional 3,838 shares during the last quarter. Associated Banc Corp purchased a new position in shares of T-Mobile US during the first quarter valued at approximately $4,588,000. Wealthspire Advisors LLC grew its stake in shares of T-Mobile US by 66.9% during the first quarter. Wealthspire Advisors LLC now owns 21,388 shares of the Wireless communications provider's stock valued at $5,704,000 after buying an additional 8,575 shares during the last quarter. Finally, MGB Wealth Management LLC grew its stake in shares of T-Mobile US by 7.0% during the first quarter. MGB Wealth Management LLC now owns 3,351 shares of the Wireless communications provider's stock valued at $893,000 after buying an additional 220 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company's stock.

Insider Transactions at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the company's stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $240.08, for a total transaction of $16,767,187.20. Following the transaction, the director directly owned 635,014,604 shares of the company's stock, valued at approximately $152,454,306,128.32. This represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold 1,439,821 shares of company stock valued at $334,026,480 over the last 90 days. 0.37% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

T-Mobile Is The Most Oversold Mega-Cap Stock—Time to Buy?

A number of equities analysts recently issued reports on the company. Williams Trading set a $263.00 price objective on T-Mobile US in a report on Friday, October 24th. Deutsche Bank Aktiengesellschaft upped their price target on shares of T-Mobile US from $280.00 to $300.00 in a report on Thursday, October 2nd. Moffett Nathanson lifted their price objective on shares of T-Mobile US from $210.00 to $230.00 and gave the company a "neutral" rating in a report on Thursday, October 2nd. Tigress Financial upped their target price on shares of T-Mobile US from $305.00 to $310.00 and gave the stock a "buy" rating in a research note on Tuesday, November 11th. Finally, Rothschild Redb raised shares of T-Mobile US to a "hold" rating in a research report on Tuesday, September 30th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and thirteen have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $266.83.

View Our Latest Stock Analysis on TMUS

T-Mobile US Trading Down 0.8%

Q3 Telecom Wars: How AT&T, TMUS and VZ Stack Up After the Results

Shares of NASDAQ TMUS opened at $208.51 on Thursday. T-Mobile US, Inc. has a 1-year low of $199.41 and a 1-year high of $276.49. The business has a fifty day moving average price of $218.48 and a 200 day moving average price of $232.63. The stock has a market capitalization of $233.22 billion, a P/E ratio of 20.05, a price-to-earnings-growth ratio of 1.32 and a beta of 0.44. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.89 and a quick ratio of 0.80.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 EPS for the quarter, topping analysts' consensus estimates of $2.40 by $0.01. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. The business had revenue of $21.96 billion during the quarter, compared to the consensus estimate of $21.61 billion. During the same period in the previous year, the company posted $2.61 earnings per share. The firm's revenue was up 8.9% on a year-over-year basis. Equities research analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 2.0%. This is a positive change from T-Mobile US's previous quarterly dividend of $0.88. The ex-dividend date is Wednesday, November 26th. T-Mobile US's payout ratio is 39.23%.

About T-Mobile US

(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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