Belpointe Asset Management LLC Increases Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Belpointe Asset Management LLC lifted its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 56.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,055 shares of the Wireless communications provider's stock after purchasing an additional 4,342 shares during the period. Belpointe Asset Management LLC's holdings in T-Mobile US were worth $2,661,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of TMUS. Geode Capital Management LLC increased its stake in T-Mobile US by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 11,857,917 shares of the Wireless communications provider's stock worth $2,610,542,000 after acquiring an additional 90,755 shares during the period. Invesco Ltd. lifted its position in T-Mobile US by 4.6% during the fourth quarter. Invesco Ltd. now owns 8,809,417 shares of the Wireless communications provider's stock worth $1,944,503,000 after purchasing an additional 384,956 shares during the period. Norges Bank acquired a new stake in T-Mobile US during the fourth quarter worth about $1,802,393,000. Franklin Resources Inc. raised its position in shares of T-Mobile US by 9.9% in the 3rd quarter. Franklin Resources Inc. now owns 6,553,703 shares of the Wireless communications provider's stock valued at $1,448,426,000 after buying an additional 590,711 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of T-Mobile US by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,230,038 shares of the Wireless communications provider's stock worth $712,966,000 after acquiring an additional 85,012 shares in the last quarter. Institutional investors own 42.49% of the company's stock.

Wall Street Analyst Weigh In

TMUS has been the subject of a number of research reports. HSBC cut shares of T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 target price for the company. in a report on Wednesday, March 5th. Oppenheimer upped their price target on T-Mobile US from $250.00 to $275.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. Bank of America boosted their price target on T-Mobile US from $240.00 to $255.00 and gave the company a "buy" rating in a research note on Thursday, January 30th. Benchmark reiterated a "buy" rating and set a $275.00 price objective on shares of T-Mobile US in a report on Thursday, March 27th. Finally, UBS Group downgraded T-Mobile US from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 21st. Eleven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $256.80.

T-Mobile US Price Performance

TMUS traded up $2.40 during trading on Friday, reaching $262.04. The stock had a trading volume of 3,488,338 shares, compared to its average volume of 4,230,484. The business has a 50-day moving average of $261.47 and a 200-day moving average of $238.65. T-Mobile US, Inc. has a one year low of $160.06 and a one year high of $276.49. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. The stock has a market cap of $299.18 billion, a PE ratio of 27.10, a PEG ratio of 1.55 and a beta of 0.63.

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

T-Mobile US Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be issued a $0.88 dividend. The ex-dividend date is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.34%. T-Mobile US's payout ratio is 36.40%.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of T-Mobile US stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total value of $191,990.00. Following the transaction, the director now directly owns 3,291 shares of the company's stock, valued at $865,533. The trade was a 18.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.67% of the company's stock.

T-Mobile US Company 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.