Tevis Investment Management Takes Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Tevis Investment Management purchased a new stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,733 shares of the Wireless communications provider's stock, valued at approximately $383,000.

Other hedge funds have also recently bought and sold shares of the company. DT Investment Partners LLC boosted its holdings in T-Mobile US by 65.3% in the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider's stock valued at $25,000 after purchasing an additional 47 shares during the period. Dunhill Financial LLC raised its position in shares of T-Mobile US by 76.7% in the third quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider's stock valued at $27,000 after buying an additional 56 shares in the last quarter. MFA Wealth Advisors LLC boosted its stake in shares of T-Mobile US by 128.3% in the third quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider's stock valued at $28,000 after buying an additional 77 shares during the period. Financial Life Planners acquired a new stake in T-Mobile US during the fourth quarter worth approximately $29,000. Finally, Legacy Investment Solutions LLC bought a new position in T-Mobile US during the 3rd quarter worth $34,000. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Trading Down 0.4 %

NASDAQ TMUS traded down $0.93 on Friday, hitting $246.24. The company's stock had a trading volume of 3,434,435 shares, compared to its average volume of 3,682,888. The firm has a market cap of $281.14 billion, a PE ratio of 25.46, a PEG ratio of 1.44 and a beta of 0.56. The company's 50-day moving average is $225.96 and its 200 day moving average is $215.70. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. T-Mobile US, Inc. has a 1-year low of $158.84 and a 1-year high of $250.50.

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

T-Mobile US Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $3.52 annualized dividend and a yield of 1.43%. T-Mobile US's payout ratio is 36.40%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Evercore ISI upgraded T-Mobile US to a "strong-buy" rating in a research report on Thursday, January 23rd. Raymond James downgraded shares of T-Mobile US from an "outperform" rating to a "market perform" rating in a research note on Friday, October 25th. Tigress Financial raised their target price on shares of T-Mobile US from $280.00 to $290.00 and gave the company a "buy" rating in a report on Thursday. Sanford C. Bernstein initiated coverage on shares of T-Mobile US in a report on Tuesday, December 10th. They set a "market perform" rating and a $265.00 price target for the company. Finally, Barclays lifted their price objective on shares of T-Mobile US from $230.00 to $250.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Seven equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, T-Mobile US currently has an average rating of "Moderate Buy" and a consensus price target of $251.79.

Insider Transactions at T-Mobile US

In other news, Director Srikant M. Datar sold 1,000 shares of T-Mobile US stock in a transaction on Friday, November 29th. The shares were sold at an average price of $246.00, for a total value of $246,000.00. Following the completion of the sale, the director now owns 4,021 shares in the company, valued at $989,166. The trade was a 19.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO G Michael Sievert sold 20,000 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $237.73, for a total transaction of $4,754,600.00. Following the transaction, the chief executive officer now directly owns 378,124 shares in the company, valued at approximately $89,891,418.52. This represents a 5.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,100 shares of company stock worth $5,501,978. 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.