Topsail Wealth Management LLC Acquires New Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Topsail Wealth Management LLC acquired a new stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,044 shares of the Wireless communications provider's stock, valued at approximately $230,000.

Other large investors have also recently added to or reduced their stakes in the company. Rakuten Securities Inc. raised its position in 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 purchasing an additional 62 shares during the period. CoreFirst Bank & Trust purchased a new position in T-Mobile US in the 4th quarter valued at about $28,000. Financial Life Planners acquired a new stake in shares of T-Mobile US during the fourth quarter valued at about $29,000. Bruce G. Allen Investments LLC increased its holdings in T-Mobile US by 79.3% during the 4th quarter. Bruce G. Allen Investments LLC now owns 165 shares of the Wireless communications provider's stock worth $36,000 after purchasing an additional 73 shares during the last quarter. Finally, Albion Financial Group UT acquired a new position in shares of T-Mobile US in the 4th quarter valued at approximately $39,000. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TMUS has been the subject of a number of research reports. HSBC downgraded T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 price target for the company. in a research note on Wednesday, March 5th. Scotiabank upped their price objective on T-Mobile US from $247.00 to $275.00 and gave the stock a "sector perform" rating in a research note on Monday, March 3rd. Tigress Financial reaffirmed a "buy" rating on shares of T-Mobile US in a report on Wednesday, February 26th. Hsbc Global Res cut T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Finally, Bank of America boosted their price target on shares of T-Mobile US from $240.00 to $255.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. Eleven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $256.80.

T-Mobile US Price Performance

Shares of T-Mobile US stock traded down $29.41 during midday trading on Friday, hitting $232.77. 13,554,734 shares of the company were exchanged, compared to its average volume of 4,251,776. The firm has a 50 day simple moving average of $260.36 and a 200-day simple moving average of $240.97. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. The firm has a market cap of $264.58 billion, a P/E ratio of 24.07, a PEG ratio of 1.55 and a beta of 0.63. T-Mobile US, Inc. has a 52 week low of $161.61 and a 52 week high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share for the quarter, topping the consensus estimate of $2.48 by $0.10. The business had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.67 billion. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. Research analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be given a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US's dividend payout ratio (DPR) is presently 36.40%.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total transaction of $191,990.00. Following the sale, the director now directly owns 3,291 shares in the company, valued at approximately $865,533. This trade represents a 18.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate 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.