DT Investment Partners LLC Raises Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

DT Investment Partners LLC grew its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 58.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 189 shares of the Wireless communications provider’s stock after purchasing an additional 70 shares during the period. DT Investment Partners LLC’s holdings in T-Mobile US were worth $42,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. CFC Planning Co LLC purchased a new stake in T-Mobile US during the fourth quarter worth about $476,000. Compagnie Lombard Odier SCmA increased its stake in shares of T-Mobile US by 704.4% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 732 shares of the Wireless communications provider’s stock worth $162,000 after buying an additional 641 shares during the period. Family Capital Management Inc. purchased a new stake in shares of T-Mobile US during the fourth quarter worth approximately $201,000. Catalyst Financial Partners LLC increased its stake in shares of T-Mobile US by 2.4% during the fourth quarter. Catalyst Financial Partners LLC now owns 3,099 shares of the Wireless communications provider’s stock worth $684,000 after buying an additional 73 shares during the period. Finally, Avestar Capital LLC increased its stake in shares of T-Mobile US by 6.2% during the fourth quarter. Avestar Capital LLC now owns 4,715 shares of the Wireless communications provider’s stock worth $1,041,000 after buying an additional 274 shares during the period. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other T-Mobile US news, Director Srikant M. Datar sold 1,000 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $246.00, for a total value of $246,000.00. Following the completion of the transaction, the director now owns 4,021 shares in the company, valued at approximately $989,166. This represents a 19.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Andre Almeida acquired 3,808 shares of the business’s stock in a transaction on Monday, December 9th. The stock was acquired at an average price of $235.72 per share, with a total value of $897,621.76. Following the transaction, the director now directly owns 3,808 shares of the company’s stock, valued at $897,621.76. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 3,100 shares of company stock worth $747,378. 0.67% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Morgan Stanley assumed coverage on shares of T-Mobile US in a research note on Monday, December 16th. They set an “overweight” rating and a $280.00 target price on the stock. KeyCorp lowered shares of T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 target price on the stock. in a research note on Thursday, December 12th. BNP Paribas upgraded shares of T-Mobile US to a “strong-buy” rating in a research note on Friday, October 25th. Royal Bank of Canada upped their target price on shares of T-Mobile US from $240.00 to $245.00 and gave the stock a “sector perform” rating in a research note on Thursday, January 30th. Finally, Tigress Financial upped their target price on shares of T-Mobile US from $280.00 to $290.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Seven research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $251.79.

T-Mobile US Price Performance

T-Mobile US stock opened at $265.08 on Friday. T-Mobile US, Inc. has a 12 month low of $158.84 and a 12 month high of $266.00. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. The business has a 50 day simple moving average of $226.70 and a 200-day simple moving average of $217.39. The stock has a market capitalization of $302.65 billion, a PE ratio of 27.41, a price-to-earnings-growth ratio of 1.44 and a beta of 0.56.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results 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 return on equity of 18.09% and a net margin of 13.93%. Equities analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders of record on Friday, May 30th will be given a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US’s payout ratio is 36.40%.

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.