Ritholtz Wealth Management Buys 1,315 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Ritholtz Wealth Management increased its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 12.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,191 shares of the Wireless communications provider's stock after buying an additional 1,315 shares during the quarter. Ritholtz Wealth Management's holdings in T-Mobile US were worth $2,691,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TMUS. Moors & Cabot Inc. grew its stake in shares of T-Mobile US by 108.1% in the 2nd quarter. Moors & Cabot Inc. now owns 3,637 shares of the Wireless communications provider's stock worth $641,000 after purchasing an additional 1,889 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its position in T-Mobile US by 1.7% in the second quarter. Mercer Global Advisors Inc. ADV now owns 46,731 shares of the Wireless communications provider's stock worth $8,233,000 after buying an additional 761 shares during the last quarter. Argent Trust Co increased its holdings in shares of T-Mobile US by 2.4% in the second quarter. Argent Trust Co now owns 5,535 shares of the Wireless communications provider's stock valued at $975,000 after buying an additional 129 shares in the last quarter. Intech Investment Management LLC lifted its position in shares of T-Mobile US by 30.6% during the 2nd quarter. Intech Investment Management LLC now owns 83,837 shares of the Wireless communications provider's stock valued at $14,770,000 after acquiring an additional 19,639 shares during the last quarter. Finally, Ieq Capital LLC boosted its stake in shares of T-Mobile US by 11.7% during the 2nd quarter. Ieq Capital LLC now owns 34,116 shares of the Wireless communications provider's stock worth $6,011,000 after acquiring an additional 3,567 shares in the last quarter. 42.49% of the stock is owned by institutional investors.

Insider Activity

In other T-Mobile US news, Director Srikant M. Datar sold 1,000 shares of the stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $247.19, for a total value of $247,190.00. Following the completion of the sale, the director now owns 5,021 shares in the company, valued at $1,241,140.99. This trade represents a 16.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO G Michael Sievert sold 20,000 shares of T-Mobile US stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $237.73, for a total transaction of $4,754,600.00. Following the completion of the transaction, the chief executive officer now directly owns 378,124 shares of the company's stock, valued at approximately $89,891,418.52. This trade represents a 5.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 164,200 shares of company stock worth $37,407,303 in the last quarter. Corporate insiders own 0.67% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on TMUS. Daiwa America upgraded T-Mobile US to a "hold" rating in a research report on Friday, October 25th. Morgan Stanley started coverage on shares of T-Mobile US in a research report on Monday, December 16th. They issued an "overweight" rating and a $280.00 target price on the stock. Citigroup upped their price target on shares of T-Mobile US from $210.00 to $254.00 and gave the company a "buy" rating in a research report on Monday, October 21st. Raymond James downgraded shares of T-Mobile US from an "outperform" rating to a "market perform" rating in a research note on Friday, October 25th. Finally, Sanford C. Bernstein initiated coverage on T-Mobile US in a research report on Tuesday, December 10th. They set a "market perform" rating and a $265.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $245.74.

T-Mobile US Stock Up 1.5 %

Shares of NASDAQ:TMUS traded up $3.22 during trading on Friday, hitting $218.97. 4,224,613 shares of the company's stock traded hands, compared to its average volume of 3,337,652. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23. The company has a 50-day moving average price of $228.93 and a 200-day moving average price of $210.26. T-Mobile US, Inc. has a 52 week low of $158.84 and a 52 week high of $248.15. The company has a market cap 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.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.32 by $0.29. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The firm had revenue of $20.16 billion during the quarter, compared to analysts' expectations of $20.01 billion. During the same quarter in the prior year, the company earned $1.82 EPS. The company's revenue was up 4.7% on a year-over-year basis. As a group, research analysts forecast that T-Mobile US, Inc. will post 9.31 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.61%. T-Mobile US's dividend payout ratio is 40.14%.

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.