Granite Bay Wealth Management LLC Makes New $5.78 Million Investment in T-Mobile US, Inc. (NASDAQ:TMUS)

Granite Bay Wealth Management LLC purchased a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 26,163 shares of the Wireless communications provider's stock, valued at approximately $5,775,000. T-Mobile US accounts for about 2.1% of Granite Bay Wealth Management LLC's portfolio, making the stock its 18th largest holding.

Several other institutional investors have also modified their holdings of the stock. DT Investment Partners LLC raised 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 buying an additional 47 shares during the period. Dunhill Financial LLC raised its holdings in T-Mobile US by 76.7% in the 3rd 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 during the period. MFA Wealth Advisors LLC raised its holdings in T-Mobile US by 128.3% in the 3rd 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. Legacy Investment Solutions LLC purchased a new stake in T-Mobile US in the 3rd quarter valued at about $34,000. Finally, Planning Capital Management Corp grew its position in T-Mobile US by 134.7% in the 3rd quarter. Planning Capital Management Corp now owns 176 shares of the Wireless communications provider's stock valued at $36,000 after acquiring an additional 101 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company's stock.

Insider Buying and Selling at T-Mobile US

In other news, EVP Mark Wolfe Nelson sold 42,769 shares of the company's stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $216.26, for a total transaction of $9,249,223.94. Following the completion of the sale, the executive vice president now owns 61,871 shares in the company, valued at $13,380,222.46. This represents a 40.87 % 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 link. Also, Director Srikant M. Datar sold 1,000 shares of the company's stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $247.19, for a total value of $247,190.00. Following the sale, the director now owns 5,021 shares of the company's stock, valued at $1,241,140.99. This trade represents a 16.61 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 206,969 shares of company stock worth $46,656,527. 0.67% of the stock is owned by insiders.

T-Mobile US Stock Up 0.3 %

TMUS traded up $0.72 on Tuesday, reaching $214.18. The company's stock had a trading volume of 3,536,583 shares, compared to its average volume of 3,861,716. The stock has a 50 day moving average of $229.93 and a two-hundred day moving average of $209.91. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. The company has a market capitalization of $248.55 billion, a price-to-earnings ratio of 24.42, a P/E/G ratio of 1.18 and a beta of 0.56. T-Mobile US, Inc. has a fifty-two week low of $158.84 and a fifty-two week high of $248.15.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, beating analysts' consensus estimates of $2.32 by $0.29. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The company had revenue of $20.16 billion during the quarter, compared to analysts' expectations of $20.01 billion. During the same quarter in the previous year, the business earned $1.82 earnings per share. The firm's revenue for the quarter was up 4.7% on a year-over-year basis. As a group, analysts forecast that T-Mobile US, Inc. will post 9.38 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Friday, February 28th will be paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date is Friday, February 28th. T-Mobile US's dividend payout ratio is currently 40.14%.

Analysts Set New Price Targets

Several equities analysts have weighed in on TMUS shares. TD Cowen lifted their target price on T-Mobile US from $216.00 to $250.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Daiwa America raised T-Mobile US to a "hold" rating in a research report on Friday, October 25th. JPMorgan Chase & Co. lifted their target price on T-Mobile US from $230.00 to $250.00 and gave the company an "overweight" rating in a research report on Thursday, October 24th. Scotiabank lifted their target price on T-Mobile US from $236.00 to $237.00 and gave the company a "sector perform" rating in a research report on Thursday, October 24th. Finally, Royal Bank of Canada downgraded T-Mobile US from an "outperform" rating to a "sector perform" rating and dropped their target price for the company from $255.00 to $240.00 in a research report on Monday, January 6th. Seven investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $245.74.

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.