Florida Financial Advisors LLC Invests $362,000 in T-Mobile US, Inc. (NASDAQ:TMUS)

Florida Financial Advisors LLC bought a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 1,638 shares of the Wireless communications provider's stock, valued at approximately $362,000.

Other hedge funds also recently modified their holdings of the company. Barclays PLC boosted its stake 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 acquiring an additional 876,182 shares during the last quarter. Gladstone Institutional Advisory LLC acquired a new position in shares of T-Mobile US in the 4th quarter valued at $1,552,000. Trust Co. of Vermont boosted its position in shares of T-Mobile US by 11.9% in the 4th quarter. Trust Co. of Vermont now owns 26,972 shares of the Wireless communications provider's stock worth $5,954,000 after purchasing an additional 2,865 shares during the last quarter. Rice Partnership LLC acquired a new stake in shares of T-Mobile US during the fourth quarter worth $7,678,000. Finally, Exchange Traded Concepts LLC increased its holdings in T-Mobile US by 737.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 56,521 shares of the Wireless communications provider's stock valued at $12,476,000 after purchasing an additional 49,775 shares during the last quarter. Institutional investors own 42.49% of the company's stock.

T-Mobile US Stock Down 1.2 %

Shares of NASDAQ TMUS traded down $3.35 during mid-day trading on Friday, hitting $264.93. The company had a trading volume of 3,322,070 shares, compared to its average volume of 4,168,610. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. The firm has a 50-day simple moving average of $252.92 and a two-hundred day simple moving average of $232.89. The company has a market capitalization of $302.48 billion, a PE ratio of 27.40, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64. T-Mobile US, Inc. has a one year low of $159.14 and a one year high of $276.49.

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T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, beating analysts' consensus estimates 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 expect that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders of record on Friday, May 30th will be given 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 dividend payout ratio (DPR) is currently 36.40%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Evercore ISI upgraded T-Mobile US to a "strong-buy" rating in a report on Thursday, January 23rd. Wells Fargo & Company restated an "equal weight" rating on shares of T-Mobile US in a report on Wednesday, February 26th. Tigress Financial reiterated a "buy" rating on shares of T-Mobile US in a report on Wednesday, February 26th. Sanford C. Bernstein started coverage on shares of T-Mobile US in a report on Tuesday, December 10th. They issued a "market perform" rating and a $265.00 price target for the company. Finally, Royal Bank of Canada raised their price objective on T-Mobile US from $245.00 to $260.00 and gave the stock a "sector perform" rating in a research note on Friday, March 21st. Eleven research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, T-Mobile US has a consensus rating of "Moderate Buy" and an average price target of $256.80.

Insider Buying and Selling at T-Mobile US

In related news, Director Srikant M. Datar sold 730 shares of the firm's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total value of $191,990.00. Following the completion of the sale, the director now directly owns 3,291 shares in the company, valued at approximately $865,533. This trade represents a 18.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.67% of the company's stock.

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.