Miracle Mile Advisors LLC Invests $467,000 in T-Mobile US, Inc. (NASDAQ:TMUS)

Miracle Mile Advisors LLC acquired a new stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,118 shares of the Wireless communications provider's stock, valued at approximately $467,000.

Several other large investors have also recently modified their holdings of TMUS. DT Investment Partners LLC boosted its position in shares of T-Mobile US by 65.3% during 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 period. Dunhill Financial LLC lifted its stake in shares of T-Mobile US by 76.7% during the 3rd quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider's stock worth $27,000 after acquiring an additional 56 shares during the last quarter. MFA Wealth Advisors LLC boosted its holdings in T-Mobile US by 128.3% during the 3rd 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. Legacy Investment Solutions LLC bought a new position in T-Mobile US in the 3rd quarter valued at $34,000. Finally, Planning Capital Management Corp increased its stake in T-Mobile US by 134.7% in the third quarter. Planning Capital Management Corp now owns 176 shares of the Wireless communications provider's stock worth $36,000 after purchasing an additional 101 shares during the period. Institutional investors own 42.49% of the company's stock.

Wall Street Analysts Forecast Growth

TMUS has been the topic of a number of research analyst reports. BNP Paribas upgraded shares of T-Mobile US to a "strong-buy" rating in a report on Friday, October 25th. TD Cowen upped their target price on shares of T-Mobile US from $216.00 to $250.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Benchmark lifted their price target on shares of T-Mobile US from $250.00 to $255.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Scotiabank increased their price objective on T-Mobile US from $236.00 to $237.00 and gave the stock a "sector perform" rating in a research note on Thursday, October 24th. Finally, Morgan Stanley started coverage on T-Mobile US in a report on Monday, December 16th. They set an "overweight" rating and a $280.00 price objective on the stock. Seven investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $245.74.

Insiders Place Their Bets

In related news, Director Andre Almeida acquired 3,808 shares of the stock in a transaction dated Monday, December 9th. The stock was acquired at an average cost of $235.72 per share, for a total transaction of $897,621.76. Following the completion of the purchase, the director now owns 3,808 shares of the company's stock, valued at approximately $897,621.76. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO G Michael Sievert sold 20,000 shares of T-Mobile US stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $237.73, for a total value of $4,754,600.00. Following the sale, the chief executive officer now directly owns 378,124 shares of the company's stock, valued at approximately $89,891,418.52. This represents a 5.02 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 164,200 shares of company stock valued at $37,407,303. Insiders own 0.67% of the company's stock.

T-Mobile US Stock Up 0.7 %

NASDAQ TMUS traded up $1.55 on Thursday, hitting $215.75. The stock had a trading volume of 2,411,239 shares, compared to its average volume of 3,642,284. The business's fifty day moving average price is $229.57 and its 200 day moving average price is $209.94. The stock has a market cap of $250.38 billion, a price-to-earnings ratio of 24.60, a price-to-earnings-growth ratio of 1.05 and a beta of 0.56. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99. T-Mobile US, Inc. has a 52-week low of $158.84 and a 52-week high of $248.15.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.32 by $0.29. The company had revenue of $20.16 billion for the quarter, compared to analyst estimates of $20.01 billion. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The firm's quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.82 EPS. Equities research analysts anticipate that T-Mobile US, Inc. will post 9.31 earnings per share for the current year.

T-Mobile US Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Friday, February 28th will be paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date is Friday, February 28th. T-Mobile US's dividend payout ratio (DPR) is presently 40.14%.

T-Mobile US 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.