Flputnam Investment Management Co. Buys 1,346 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Flputnam Investment Management Co. raised its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 0.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 149,352 shares of the Wireless communications provider’s stock after purchasing an additional 1,346 shares during the period. Flputnam Investment Management Co.’s holdings in T-Mobile US were worth $32,966,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of TMUS. Dunhill Financial LLC boosted its stake in T-Mobile US by 76.7% during the 3rd quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock valued at $27,000 after purchasing an additional 56 shares during the period. Financial Life Planners bought a new position in T-Mobile US in the 4th quarter worth approximately $29,000. Legacy Investment Solutions LLC acquired a new position in shares of T-Mobile US during the third quarter worth approximately $34,000. Planning Capital Management Corp boosted its position in shares of T-Mobile US by 134.7% in the third quarter. Planning Capital Management Corp now owns 176 shares of the Wireless communications provider’s stock valued at $36,000 after acquiring an additional 101 shares during the period. Finally, Bruce G. Allen Investments LLC grew its stake in shares of T-Mobile US by 79.3% in the fourth quarter. Bruce G. Allen Investments LLC now owns 165 shares of the Wireless communications provider’s stock worth $36,000 after acquiring an additional 73 shares during the last quarter. Institutional investors own 42.49% of the company’s stock.

Wall Street Analysts Forecast Growth

TMUS has been the subject of several research analyst reports. Royal Bank of Canada reiterated a “sector perform” rating on shares of T-Mobile US in a research note on Wednesday. Barclays upped their price objective on shares of T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Bank of America lifted their target price on T-Mobile US from $240.00 to $255.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Oppenheimer upped their price target on T-Mobile US from $250.00 to $275.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Finally, KeyCorp lowered T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 price objective on the stock. in a report on Thursday, December 12th. Seven analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $251.79.

Insider Activity

In related news, Director Andre Almeida purchased 3,808 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were acquired at an average cost of $235.72 per share, with a total value of $897,621.76. Following the completion of the purchase, the director now directly owns 3,808 shares of the company’s stock, valued at $897,621.76. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Letitia A. Long sold 1,100 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $231.08, for a total transaction of $254,188.00. Following the completion of the transaction, the director now owns 5,653 shares of the company’s stock, valued at $1,306,295.24. This trade represents a 16.29 % decrease in their position. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by corporate insiders.

T-Mobile US Trading Up 2.1 %

Shares of TMUS stock opened at $269.69 on Friday. The company has a market capitalization of $307.92 billion, a P/E ratio of 27.89, a P/E/G ratio of 1.55 and a beta of 0.56. T-Mobile US, Inc. has a 12-month low of $158.84 and a 12-month high of $273.40. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. The firm has a 50-day moving average price of $235.52 and a 200 day moving average price of $223.80.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. Research analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.31%. The ex-dividend date is Friday, May 30th. T-Mobile US’s payout ratio is presently 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.