Procyon Advisors LLC raised its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 7.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 19,535 shares of the Wireless communications provider's stock after purchasing an additional 1,288 shares during the quarter. Procyon Advisors LLC's holdings in T-Mobile US were worth $4,312,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in TMUS. Decker Retirement Planning Inc. purchased a new position in T-Mobile US during the fourth quarter valued at $4,359,000. Empirical Asset Management LLC purchased a new position in shares of T-Mobile US during the 4th quarter valued at about $3,505,000. Ritholtz Wealth Management grew its stake in shares of T-Mobile US by 12.1% during the 4th quarter. Ritholtz Wealth Management now owns 12,191 shares of the Wireless communications provider's stock valued at $2,691,000 after acquiring an additional 1,315 shares during the period. Carnegie Investment Counsel increased its holdings in T-Mobile US by 9.7% in the 4th quarter. Carnegie Investment Counsel now owns 80,392 shares of the Wireless communications provider's stock worth $17,745,000 after acquiring an additional 7,116 shares in the last quarter. Finally, Tallon Kerry Patrick bought a new stake in T-Mobile US during the 4th quarter worth approximately $2,138,000. Hedge funds and other institutional investors own 42.49% of the company's stock.
Wall Street Analysts Forecast Growth
TMUS has been the topic of a number of recent analyst reports. Citigroup raised their price target on T-Mobile US from $210.00 to $254.00 and gave the company a "buy" rating in a report on Monday, October 21st. UBS Group boosted their price target on T-Mobile US from $210.00 to $255.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. JPMorgan Chase & Co. increased their price objective on shares of T-Mobile US from $230.00 to $250.00 and gave the company an "overweight" rating in a report on Thursday, October 24th. Barclays boosted their target price on shares of T-Mobile US from $215.00 to $230.00 and gave the stock an "overweight" rating in a report on Thursday, October 24th. Finally, BNP Paribas raised shares of T-Mobile US to a "strong-buy" rating in a research note on Friday, October 25th. 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. According to MarketBeat, T-Mobile US presently has a consensus rating of "Moderate Buy" and a consensus price target of $245.74.
View Our Latest Stock Report on T-Mobile US
Insider Buying and Selling at T-Mobile US
In other news, CFO Peter Osvaldik sold 20,000 shares of the company's stock in a transaction on Friday, October 25th. The shares were sold at an average price of $233.55, for a total value of $4,671,000.00. Following the sale, the chief financial officer now directly owns 61,307 shares of the company's stock, valued at $14,318,249.85. This represents a 24.60 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Letitia A. Long sold 1,100 shares of the stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $231.08, for a total value of $254,188.00. Following the sale, the director now directly owns 5,653 shares in the company, valued at $1,306,295.24. This represents a 16.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 164,200 shares of company stock worth $37,407,303. 0.67% of the stock is owned by corporate insiders.
T-Mobile US Stock Up 1.5 %
TMUS stock traded up $3.22 during trading on Friday, reaching $218.97. 4,224,613 shares of the company traded hands, compared to its average volume of 3,337,652. The company has a market capitalization of $254.11 billion, a price-to-earnings ratio of 24.97, 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 quick ratio of 0.99 and a current ratio of 1.08. The business has a 50 day simple moving average of $228.93 and a 200 day simple moving average of $210.26. T-Mobile US, Inc. has a 12 month low of $158.84 and a 12 month high of $248.15.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.29. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The business had revenue of $20.16 billion for the quarter, compared to analyst estimates of $20.01 billion. During the same period in the previous year, the company earned $1.82 earnings per share. The business's revenue for the quarter was up 4.7% on a year-over-year basis. On average, equities research analysts anticipate that T-Mobile US, Inc. will post 9.31 earnings per share for the current fiscal year.
T-Mobile US Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Friday, February 28th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend is Friday, February 28th. T-Mobile US's dividend payout ratio is presently 40.14%.
T-Mobile US Profile
(
Free Report)
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.
Further Reading
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