Worth Asset Management LLC Takes Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Worth Asset Management LLC purchased a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 6,068 shares of the Wireless communications provider's stock, valued at approximately $1,339,000.

Other hedge funds also recently made changes to their positions in the company. DT Investment Partners LLC raised its position in shares of T-Mobile US by 65.3% during the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider's stock worth $25,000 after buying an additional 47 shares in the last quarter. Y.D. More Investments Ltd acquired a new position in shares of T-Mobile US during the second quarter valued at approximately $27,000. Dunhill Financial LLC raised its holdings in T-Mobile US by 76.7% during the third quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider's stock worth $27,000 after purchasing an additional 56 shares in the last quarter. MFA Wealth Advisors LLC boosted its stake 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 purchasing an additional 77 shares in the last quarter. Finally, Legacy Investment Solutions LLC acquired a new position in shares of T-Mobile US during the 3rd quarter valued at $34,000. Institutional investors own 42.49% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Oppenheimer raised their target price on T-Mobile US from $215.00 to $250.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. BNP Paribas raised shares of T-Mobile US to a "strong-buy" rating in a research note on Friday, October 25th. The Goldman Sachs Group increased their target price on shares of T-Mobile US from $220.00 to $250.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Royal Bank of Canada lowered shares of T-Mobile US from an "outperform" rating to a "sector perform" rating and decreased their price target for the stock from $255.00 to $240.00 in a research report on Monday. Finally, JPMorgan Chase & Co. increased their price objective on T-Mobile US from $230.00 to $250.00 and gave the company an "overweight" rating in a research report on Thursday, October 24th. Seven analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, T-Mobile US has an average rating of "Moderate Buy" and a consensus target price of $245.74.

T-Mobile US Stock Up 1.5 %

Shares of TMUS stock traded up $3.18 during trading on Wednesday, hitting $215.52. 3,269,420 shares of the company were exchanged, compared to its average volume of 3,888,864. The firm has a market capitalization of $250.11 billion, a price-to-earnings ratio of 24.57, a P/E/G ratio of 1.18 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's 50-day simple moving average is $230.95 and its 200 day simple moving average is $208.61. T-Mobile US, Inc. has a twelve month low of $158.84 and a twelve month high of $248.15.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, topping analysts' consensus estimates of $2.32 by $0.29. The business had revenue of $20.16 billion for the quarter, compared to the consensus estimate of $20.01 billion. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. T-Mobile US's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.82 earnings per share. As a group, analysts forecast that T-Mobile US, Inc. will post 9.38 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently declared 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. The ex-dividend date is Friday, February 28th. This represents a $3.52 annualized dividend and a dividend yield of 1.63%. T-Mobile US's payout ratio is 40.14%.

Insider Buying and Selling

In other T-Mobile US news, Director Srikant M. Datar sold 1,000 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $247.19, for a total transaction of $247,190.00. Following the transaction, 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 document filed with the SEC, which is available at the SEC website. Also, EVP Mark Wolfe Nelson sold 42,769 shares of the company's stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $216.26, for a total transaction of $9,249,223.94. Following the sale, the executive vice president now directly owns 61,871 shares of the company's stock, valued at approximately $13,380,222.46. This represents a 40.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 206,969 shares of company stock worth $46,656,527. Insiders own 0.67% of the company's stock.

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.