Broadway Wealth Solutions Inc. Makes New Investment in T-Mobile US, Inc. (NASDAQ:TMUS)

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

Other hedge funds have also modified their holdings of the company. Dunhill Financial LLC lifted its holdings in T-Mobile US by 76.7% during the third quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock worth $27,000 after acquiring an additional 56 shares in the last quarter. Rakuten Securities Inc. increased its position in shares of T-Mobile US by 93.9% in 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 bought a new stake in T-Mobile US during the fourth quarter worth $28,000. Financial Life Planners acquired a new position in shares of T-Mobile US during the 4th quarter worth about $29,000. Finally, Legacy Investment Solutions LLC bought a new stake in shares of T-Mobile US in the 3rd quarter valued at about $34,000. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Stock Performance

Shares of T-Mobile US stock opened at $268.28 on Friday. The business has a 50-day moving average price of $252.00 and a two-hundred day moving average price of $232.15. T-Mobile US, Inc. has a 1-year low of $159.14 and a 1-year high of $276.49. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. The company has a market cap of $306.31 billion, a P/E ratio of 27.74, a PEG ratio of 1.55 and a beta of 0.64.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, beating 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%. As a group, analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US’s payout ratio is 36.40%.

Analysts Set New Price Targets

TMUS has been the subject of a number of recent analyst reports. UBS Group cut T-Mobile US from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 21st. Hsbc Global Res cut shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Evercore ISI upgraded shares of T-Mobile US to a “strong-buy” rating in a report on Thursday, January 23rd. Benchmark restated a “buy” rating and set a $275.00 price objective on shares of T-Mobile US in a research report on Thursday. Finally, Royal Bank of Canada boosted their price objective on T-Mobile US from $245.00 to $260.00 and gave the stock a “sector perform” rating in a report on Friday, March 21st. Eleven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $256.80.

Insider Buying and Selling

In other news, Director Srikant M. Datar sold 730 shares of the firm’s stock in a transaction that occurred on 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.67% of the stock is 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.