Independent Advisor Alliance Acquires 5,145 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Independent Advisor Alliance boosted its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 13.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 43,447 shares of the Wireless communications provider's stock after buying an additional 5,145 shares during the period. Independent Advisor Alliance's holdings in T-Mobile US were worth $9,590,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in T-Mobile US in the 4th quarter worth approximately $452,721,000. FMR LLC boosted its position in shares of T-Mobile US by 13.4% in the third quarter. FMR LLC now owns 12,893,770 shares of the Wireless communications provider's stock valued at $2,660,758,000 after acquiring an additional 1,522,394 shares during the period. Barclays PLC increased its position in T-Mobile US by 38.3% during the third quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider's stock worth $653,160,000 after acquiring an additional 876,182 shares during the period. Proficio Capital Partners LLC boosted its holdings in T-Mobile US by 31,353.2% in the 4th quarter. Proficio Capital Partners LLC now owns 635,040 shares of the Wireless communications provider's stock valued at $140,172,000 after purchasing an additional 633,021 shares during the period. Finally, Wellington Management Group LLP grew its position in T-Mobile US by 4.0% in the 3rd quarter. Wellington Management Group LLP now owns 15,524,529 shares of the Wireless communications provider's stock worth $3,203,642,000 after purchasing an additional 602,786 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on TMUS shares. Oppenheimer lifted their price target on shares of T-Mobile US from $250.00 to $275.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. Tigress Financial restated a "buy" rating on shares of T-Mobile US in a report on Wednesday, February 26th. Bank of America upped 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. Morgan Stanley initiated coverage on shares of T-Mobile US in a report on Monday, December 16th. They issued an "overweight" rating and a $280.00 price objective on the stock. Finally, HSBC cut T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 target price on the stock. in a report on Wednesday, March 5th. Nine equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $254.10.

Insider Transactions at T-Mobile US

In related news, Director Srikant M. Datar sold 730 shares of the company's 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 approximately $865,533. This represents a 18.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Letitia A. Long sold 1,100 shares of the stock in a transaction on Friday, December 13th. The shares were 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 trade represents a 16.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.67% of the stock is owned by insiders.

T-Mobile US Price Performance

Shares of TMUS traded down $0.55 during midday trading on Wednesday, reaching $256.12. The stock had a trading volume of 2,218,659 shares, compared to its average volume of 3,993,430. The company has a market capitalization of $292.43 billion, a price-to-earnings ratio of 26.49, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64. 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 company's 50-day moving average is $241.44 and its 200 day moving average is $227.54. T-Mobile US, Inc. has a 12-month low of $158.84 and a 12-month high of $276.49.

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

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be given a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.37%. The ex-dividend date is Friday, May 30th. T-Mobile US's dividend payout ratio is presently 36.40%.

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.