Burling Wealth Partners LLC Takes Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Burling Wealth Partners LLC acquired a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 11,501 shares of the Wireless communications provider's stock, valued at approximately $2,539,000.

Several other hedge funds have also modified their holdings of TMUS. Symmetry Investments LP grew its stake in shares of T-Mobile US by 41.2% during the 4th quarter. Symmetry Investments LP now owns 18,481 shares of the Wireless communications provider's stock valued at $4,079,000 after buying an additional 5,388 shares during the period. MGO One Seven LLC increased its stake in T-Mobile US by 25.0% during the fourth quarter. MGO One Seven LLC now owns 8,081 shares of the Wireless communications provider's stock worth $1,784,000 after acquiring an additional 1,618 shares during the last quarter. TD Waterhouse Canada Inc. raised its holdings in shares of T-Mobile US by 63.7% in the 4th quarter. TD Waterhouse Canada Inc. now owns 86,148 shares of the Wireless communications provider's stock worth $19,015,000 after purchasing an additional 33,516 shares during the period. Teachers Retirement System of The State of Kentucky lifted its stake in shares of T-Mobile US by 10.8% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 97,156 shares of the Wireless communications provider's stock valued at $21,445,000 after purchasing an additional 9,434 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in shares of T-Mobile US by 102.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 67,089 shares of the Wireless communications provider's stock valued at $14,809,000 after purchasing an additional 33,947 shares in the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

T-Mobile US Stock Down 11.2 %

Shares of T-Mobile US stock traded down $29.41 during trading on Friday, reaching $232.77. The company had a trading volume of 13,554,734 shares, compared to its average volume of 4,251,776. The company has a market cap of $264.58 billion, a price-to-earnings ratio of 24.07, a price-to-earnings-growth ratio of 1.55 and a beta of 0.63. T-Mobile US, Inc. has a fifty-two week low of $161.61 and a fifty-two week high of $276.49. The firm's fifty day moving average is $260.36 and its 200-day moving average is $240.76. 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 (NASDAQ:TMUS - Get Free Report) last released its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 EPS for the quarter, topping analysts' consensus estimates of $2.48 by $0.10. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. The company had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.67 billion. On average, analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders of record on Friday, May 30th will be paid a dividend of $0.88 per share. The ex-dividend date is Friday, May 30th. This represents a $3.52 annualized dividend and a yield of 1.51%. T-Mobile US's payout ratio is 36.40%.

Insiders Place Their Bets

In related news, Director Srikant M. Datar sold 730 shares of the business's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total transaction of $191,990.00. Following the completion of the sale, the director now owns 3,291 shares of the company's stock, valued at $865,533. This represents a 18.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.67% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Royal Bank of Canada raised 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 report on Friday, March 21st. Scotiabank lifted their target price on shares of T-Mobile US from $247.00 to $275.00 and gave the company a "sector perform" rating in a report on Monday, March 3rd. Barclays increased their price target on T-Mobile US from $230.00 to $250.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Bank of America boosted their price objective on T-Mobile US from $240.00 to $255.00 and gave the stock a "buy" rating in a research note on Thursday, January 30th. Finally, UBS Group lowered T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 21st. Eleven investment 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. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $256.80.

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.