C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Acquires Shares of 2,534 T-Mobile US, Inc. (NASDAQ:TMUS)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought 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 & Exchange Commission. The institutional investor bought 2,534 shares of the Wireless communications provider's stock, valued at approximately $559,000.

Other large investors have also recently bought and sold shares of the company. DT Investment Partners LLC boosted its position in T-Mobile US by 65.3% in the third 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 last quarter. Dunhill Financial LLC lifted its holdings in 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 acquiring an additional 56 shares during the period. MFA Wealth Advisors LLC lifted its holdings in 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 acquiring an additional 77 shares during the period. Financial Life Planners acquired a new position in T-Mobile US in the fourth quarter valued at approximately $29,000. Finally, Legacy Investment Solutions LLC acquired a new position in T-Mobile US in the third quarter valued at approximately $34,000. Hedge funds and other institutional investors own 42.49% of the company's stock.

T-Mobile US Stock Down 0.2 %

Shares of TMUS traded down $0.40 during midday trading on Friday, hitting $265.00. The company had a trading volume of 1,886,104 shares, compared to its average volume of 3,774,054. The company's 50-day simple moving average is $230.32 and its 200-day simple moving average is $220.66. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. The firm has a market capitalization of $302.56 billion, a P/E ratio of 27.40, a P/E/G ratio of 1.53 and a beta of 0.56. T-Mobile US, Inc. has a 1 year low of $158.84 and a 1 year high of $271.41.

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

T-Mobile US Announces Dividend

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 paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US's payout ratio is 36.40%.

Insider Buying and Selling

In related news, Director Srikant M. Datar sold 1,000 shares of the business's stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $246.00, for a total transaction 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Andre Almeida bought 3,808 shares of the firm's stock in a transaction that occurred on Monday, December 9th. The shares were acquired at an average price of $235.72 per share, with a total value of $897,621.76. Following the purchase, the director now owns 3,808 shares of the company's stock, valued at $897,621.76. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 3,100 shares of company stock worth $747,378 over the last 90 days. 0.67% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. KeyCorp downgraded T-Mobile US from an "overweight" rating to a "sector weight" rating and set a $252.00 price target for the company. in a report on Thursday, December 12th. Scotiabank boosted their price target on T-Mobile US from $234.00 to $247.00 and gave the company a "sector perform" rating in a report on Thursday, January 30th. TD Cowen boosted their price target on T-Mobile US from $216.00 to $250.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Bank of America boosted their price target on T-Mobile US from $240.00 to $255.00 and gave the company a "buy" rating in a report on Thursday, January 30th. Finally, Daiwa America raised T-Mobile US to a "hold" rating in a research note on Friday, October 25th. 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $251.79.

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.