Congress Asset Management Co. Makes New $1.88 Million Investment in T-Mobile US, Inc. (NASDAQ:TMUS)

Congress Asset Management Co. acquired a new position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 8,514 shares of the Wireless communications provider's stock, valued at approximately $1,879,000.

Several other hedge funds also recently added to or reduced their stakes in TMUS. Stratos Wealth Advisors LLC grew its position in T-Mobile US by 9.1% in the third quarter. Stratos Wealth Advisors LLC now owns 1,835 shares of the Wireless communications provider's stock worth $379,000 after acquiring an additional 153 shares during the period. Resonant Capital Advisors LLC grew its position in T-Mobile US by 6.4% in the third quarter. Resonant Capital Advisors LLC now owns 1,436 shares of the Wireless communications provider's stock worth $296,000 after acquiring an additional 87 shares during the period. New Century Financial Group LLC grew its position in T-Mobile US by 31.1% in the third quarter. New Century Financial Group LLC now owns 1,740 shares of the Wireless communications provider's stock worth $359,000 after acquiring an additional 413 shares during the period. Cyndeo Wealth Partners LLC purchased a new position in T-Mobile US in the third quarter worth approximately $322,000. Finally, Vest Financial LLC purchased a new position in T-Mobile US in the third quarter worth approximately $753,000. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TMUS has been the subject of several analyst reports. Scotiabank increased their price objective on T-Mobile US from $234.00 to $247.00 and gave the stock a "sector perform" rating in a research report on Thursday, January 30th. Daiwa America upgraded T-Mobile US to a "hold" rating in a research note on Friday, October 25th. Oppenheimer upped their price target on T-Mobile US from $250.00 to $275.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. Tigress Financial upped their price target on T-Mobile US from $280.00 to $290.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. Finally, Evercore ISI upgraded T-Mobile US to a "strong-buy" rating in a research note on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $251.79.

Insider Activity at T-Mobile US

In related news, Director Srikant M. Datar sold 1,000 shares of the stock in a transaction 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 transaction, the director now owns 5,021 shares of the company's stock, valued at $1,241,140.99. This represents a 16.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Letitia A. Long sold 1,100 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of $231.08, for a total value of $254,188.00. Following the completion of the transaction, the director now directly owns 5,653 shares in the company, valued at $1,306,295.24. This trade represents a 16.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,100 shares of company stock valued at $747,378 over the last quarter. 0.67% of the stock is owned by insiders.

T-Mobile US Stock Down 0.1 %

NASDAQ:TMUS traded down $0.23 during trading hours on Friday, hitting $265.17. The company's stock had a trading volume of 3,554,246 shares, compared to its average volume of 3,824,914. The stock has a market capitalization of $302.76 billion, a P/E ratio of 27.42, a price-to-earnings-growth ratio of 1.53 and a beta of 0.56. The stock has a fifty day moving average of $230.98 and a 200-day moving average of $221.21. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. T-Mobile US, Inc. has a 52-week low of $158.84 and a 52-week high of $271.41.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, beating the consensus estimate 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, equities analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share 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. Investors of record on Friday, May 30th will be issued a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.33%. The ex-dividend date is Friday, May 30th. T-Mobile US's dividend payout ratio (DPR) is presently 36.40%.

T-Mobile US Company Profile

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.