Cottage Street Advisors LLC Takes Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Cottage Street Advisors LLC acquired a new stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,070 shares of the Wireless communications provider's stock, valued at approximately $236,000.

Several other hedge funds have also added to or reduced their stakes in TMUS. Raymond James Financial Inc. bought a new position in shares of T-Mobile US during the fourth quarter worth about $452,721,000. FMR LLC increased its position in shares of T-Mobile US by 13.4% during the third quarter. FMR LLC now owns 12,893,770 shares of the Wireless communications provider's stock worth $2,660,758,000 after buying an additional 1,522,394 shares during the period. Barclays PLC lifted its holdings in 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 buying an additional 876,182 shares during the period. Proficio Capital Partners LLC boosted its position in T-Mobile US by 31,353.2% during the fourth quarter. Proficio Capital Partners LLC now owns 635,040 shares of the Wireless communications provider's stock valued at $140,172,000 after acquiring an additional 633,021 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in T-Mobile US by 4.0% during the third quarter. Wellington Management Group LLP now owns 15,524,529 shares of the Wireless communications provider's stock valued at $3,203,642,000 after acquiring an additional 602,786 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Stock Performance

NASDAQ TMUS traded down $3.35 during trading hours on Friday, reaching $264.93. 3,322,070 shares of the company were exchanged, compared to its average volume of 4,168,610. The stock has a market capitalization of $302.48 billion, a P/E ratio of 27.40, a P/E/G ratio of 1.55 and a beta of 0.64. 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 $159.14 and a 1 year high of $276.49. The business's 50 day simple moving average is $252.92 and its 200-day simple moving average is $232.89.

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T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. On average, equities research analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Dividend Announcement

The company also recently disclosed 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 currently 36.40%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on TMUS shares. JPMorgan Chase & Co. boosted their price objective on T-Mobile US from $265.00 to $270.00 and gave the company an "overweight" rating in a research note on Tuesday, March 18th. Barclays raised their price objective on shares of T-Mobile US from $230.00 to $250.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. HSBC downgraded shares of T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 target price on the stock. in a research report on Wednesday, March 5th. Benchmark restated a "buy" rating and issued a $275.00 price target on shares of T-Mobile US in a report on Thursday. Finally, KeyCorp lowered shares of T-Mobile US from an "overweight" rating to a "sector weight" rating and set a $252.00 price objective on the stock. in a report on Thursday, December 12th. Eleven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, T-Mobile US has a consensus rating of "Moderate Buy" and an average target price of $256.80.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of the firm's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total value of $191,990.00. Following the completion of the transaction, the director now owns 3,291 shares in the company, valued at $865,533. This trade represents a 18.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.67% of the stock is currently owned by company insiders.

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.