BankPlus Wealth Management LLC Acquires Shares of 1,722 T-Mobile US, Inc. (NASDAQ:TMUS)

BankPlus Wealth Management LLC acquired a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 1,722 shares of the Wireless communications provider's stock, valued at approximately $380,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC grew its holdings in shares of T-Mobile US by 38.3% in the third quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider's stock valued at $653,160,000 after purchasing an additional 876,182 shares during the period. International Assets Investment Management LLC increased its holdings in shares of T-Mobile US by 21,580.9% during the 3rd quarter. International Assets Investment Management LLC now owns 249,981 shares of the Wireless communications provider's stock worth $51,586,000 after buying an additional 248,828 shares during the last quarter. Trust Co. of Vermont raised its position in shares of T-Mobile US by 11.9% during the 4th quarter. Trust Co. of Vermont now owns 26,972 shares of the Wireless communications provider's stock valued at $5,954,000 after buying an additional 2,865 shares during the period. Swedbank AB lifted its holdings in T-Mobile US by 5.1% in the third quarter. Swedbank AB now owns 255,044 shares of the Wireless communications provider's stock valued at $52,631,000 after acquiring an additional 12,411 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its stake in T-Mobile US by 737.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 56,521 shares of the Wireless communications provider's stock worth $12,476,000 after acquiring an additional 49,775 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company's stock.

T-Mobile US Stock Performance

NASDAQ TMUS traded up $0.26 during trading on Tuesday, reaching $221.69. The company's stock had a trading volume of 1,704,301 shares, compared to its average volume of 3,586,907. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.08. T-Mobile US, Inc. has a twelve month low of $158.84 and a twelve month high of $248.15. The business's fifty day moving average price is $226.61 and its 200-day moving average price is $212.37. The firm has a market cap of $257.27 billion, a price-to-earnings ratio of 25.27, a P/E/G ratio of 1.08 and a beta of 0.56.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Friday, February 28th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend is Friday, February 28th. T-Mobile US's payout ratio is currently 40.14%.

Wall Street Analysts Forecast Growth

TMUS has been the topic of several recent analyst reports. The Goldman Sachs Group increased their price target on T-Mobile US from $220.00 to $250.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. UBS Group boosted their price target on shares of T-Mobile US from $210.00 to $255.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Morgan Stanley initiated coverage on shares of T-Mobile US in a research note on Monday, December 16th. They set an "overweight" rating and a $280.00 price target on the stock. Raymond James lowered T-Mobile US from an "outperform" rating to a "market perform" rating in a report on Friday, October 25th. Finally, Benchmark reissued a "buy" rating and set a $255.00 price objective on shares of T-Mobile US in a research report on Tuesday. Seven analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $245.74.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Raul Marcelo Claure sold 110,000 shares of the company's stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $224.30, for a total value of $24,673,000.00. Following the sale, the director now owns 1,441,204 shares of the company's stock, valued at $323,262,057.20. This represents a 7.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Nestor Cano sold 11,100 shares of the firm's stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $230.75, for a total transaction of $2,561,325.00. Following the transaction, the executive vice president now directly owns 4,400 shares of the company's stock, valued at approximately $1,015,300. This trade represents a 71.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 144,200 shares of company stock worth $32,736,303 in the last three months. Insiders own 0.67% of the company's stock.

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.