Florida Financial Advisors LLC Acquires New Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Florida Financial Advisors LLC bought a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 1,638 shares of the Wireless communications provider’s stock, valued at approximately $362,000.

Other hedge funds also recently made changes to their positions in the company. Barclays PLC lifted its stake 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 purchasing an additional 876,182 shares during the last quarter. Gladstone Institutional Advisory LLC bought a new position in shares of T-Mobile US in the 4th quarter worth about $1,552,000. Trust Co. of Vermont boosted its holdings in shares of T-Mobile US by 11.9% in the 4th quarter. Trust Co. of Vermont now owns 26,972 shares of the Wireless communications provider’s stock valued at $5,954,000 after buying an additional 2,865 shares during the period. Rice Partnership LLC bought a new stake in shares of T-Mobile US during the 4th quarter valued at about $7,678,000. Finally, Exchange Traded Concepts LLC raised its stake in T-Mobile US by 737.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 56,521 shares of the Wireless communications provider’s stock worth $12,476,000 after acquiring an additional 49,775 shares during the period. Institutional investors and hedge funds own 42.49% of the company’s stock.

Analyst Upgrades and Downgrades

TMUS has been the subject of several recent research reports. Scotiabank upped their target price on T-Mobile US from $247.00 to $275.00 and gave the company a “sector perform” rating in a report on Monday, March 3rd. KeyCorp lowered 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 report on Thursday, December 12th. Oppenheimer boosted their price target on shares of T-Mobile US from $250.00 to $275.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Tigress Financial reaffirmed a “buy” rating on shares of T-Mobile US in a report on Wednesday, February 26th. Finally, Sanford C. Bernstein initiated coverage on shares of T-Mobile US in a research report on Tuesday, December 10th. They issued a “market perform” rating and a $265.00 target price for the company. Eleven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, T-Mobile US presently has a consensus rating of “Moderate Buy” and an average price target of $255.80.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total transaction of $191,990.00. Following the sale, 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 through this hyperlink. 0.67% of the stock is owned by insiders.

T-Mobile US Price Performance

NASDAQ TMUS opened at $258.75 on Wednesday. T-Mobile US, Inc. has a 1 year low of $159.14 and a 1 year high of $276.49. The business’s fifty day moving average is $249.99 and its two-hundred day moving average is $231.69. The stock has a market capitalization of $295.43 billion, a P/E ratio of 26.76, a P/E/G ratio of 1.55 and a beta of 0.64. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. On average, 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 company also recently declared 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. The ex-dividend date is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.36%. T-Mobile US’s dividend payout ratio is currently 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.