Forefront Wealth Management Inc. Acquires Shares of 11,509 T-Mobile US, Inc. (NASDAQ:TMUS)

Forefront Wealth Management Inc. purchased a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 11,509 shares of the Wireless communications provider’s stock, valued at approximately $2,540,000. T-Mobile US accounts for 2.3% of Forefront Wealth Management Inc.’s holdings, making the stock its 14th largest position.

Several other institutional investors also recently modified their holdings of the stock. Principal Financial Group Inc. grew its position in T-Mobile US by 2.5% during the third quarter. Principal Financial Group Inc. now owns 1,978,567 shares of the Wireless communications provider’s stock valued at $408,297,000 after acquiring an additional 47,350 shares during the last quarter. Quest Partners LLC bought a new stake in shares of T-Mobile US during the 3rd quarter valued at $643,000. Prospera Financial Services Inc boosted its holdings in shares of T-Mobile US by 40.4% during the 3rd quarter. Prospera Financial Services Inc now owns 6,849 shares of the Wireless communications provider’s stock valued at $1,414,000 after buying an additional 1,972 shares in the last quarter. Prospera Private Wealth LLC bought a new stake in shares of T-Mobile US during the 3rd quarter valued at $119,000. Finally, First Horizon Advisors Inc. boosted its holdings in shares of T-Mobile US by 8.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,219 shares of the Wireless communications provider’s stock valued at $252,000 after buying an additional 100 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TMUS has been the topic of a number of analyst reports. Oppenheimer upped their price target on shares of T-Mobile US from $250.00 to $275.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Royal Bank of Canada upped their price target on shares of T-Mobile US from $245.00 to $260.00 and gave the company a “sector perform” rating in a research report on Friday. Scotiabank upped their price target on shares of T-Mobile US from $247.00 to $275.00 and gave the company a “sector perform” rating in a research report on Monday, March 3rd. Citigroup downgraded T-Mobile US from a “buy” rating to a “neutral” rating and set a $268.00 price objective for the company. in a research note on Friday, March 14th. Finally, Benchmark restated a “buy” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Ten investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $255.80.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $255.84 on Friday. The stock’s fifty day moving average is $248.19 and its two-hundred day moving average is $230.36. The firm has a market capitalization of $292.10 billion, a P/E ratio of 26.46, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. T-Mobile US, Inc. has a fifty-two week low of $158.84 and a fifty-two week high of $276.49.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, topping analysts’ consensus estimates 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, research analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be issued a $0.88 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $3.52 annualized dividend and a dividend yield of 1.38%. T-Mobile US’s dividend payout ratio is presently 36.40%.

Insider Activity at T-Mobile US

In other news, Director Srikant M. Datar sold 730 shares of the company’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total transaction of $191,990.00. Following the completion of the transaction, the director now directly owns 3,291 shares of the company’s stock, valued at approximately $865,533. This represents a 18.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.67% of the company’s stock.

About T-Mobile US

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.