T-Mobile US, Inc. (NASDAQ:TMUS) Shares Purchased by Traynor Capital Management Inc.

Traynor Capital Management Inc. increased its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 4.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 4,632 shares of the Wireless communications provider’s stock after purchasing an additional 216 shares during the period. Traynor Capital Management Inc.’s holdings in T-Mobile US were worth $1,022,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans increased its stake in T-Mobile US by 1.0% in the second quarter. Thrivent Financial for Lutherans now owns 77,358 shares of the Wireless communications provider’s stock valued at $13,630,000 after purchasing an additional 775 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in T-Mobile US by 23.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,290 shares of the Wireless communications provider’s stock valued at $235,000 after purchasing an additional 246 shares in the last quarter. Bwcp LP grew its holdings in T-Mobile US by 16.5% during the second quarter. Bwcp LP now owns 86,633 shares of the Wireless communications provider’s stock worth $15,263,000 after acquiring an additional 12,278 shares during the period. Zurich Insurance Group Ltd FI boosted its position in shares of T-Mobile US by 27.0% during the 2nd quarter. Zurich Insurance Group Ltd FI now owns 338,677 shares of the Wireless communications provider’s stock worth $59,668,000 after purchasing an additional 72,000 shares in the last quarter. Finally, Toronto Dominion Bank grew its position in T-Mobile US by 39.1% during the second quarter. Toronto Dominion Bank now owns 288,548 shares of the Wireless communications provider’s stock worth $50,836,000 after buying an additional 81,164 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on TMUS. Wells Fargo & Company lowered shares of T-Mobile US from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $240.00 to $220.00 in a research report on Monday, January 6th. Benchmark upped their target price on shares of T-Mobile US from $250.00 to $255.00 and gave the company a “buy” rating in a report on Thursday, October 24th. UBS Group raised their target price on shares of T-Mobile US from $210.00 to $255.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Oppenheimer upped 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. Finally, Royal Bank of Canada cut T-Mobile US from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from $255.00 to $240.00 in a report on Monday, January 6th. Seven equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, T-Mobile US has a consensus rating of “Moderate Buy” and a consensus price target of $245.74.

T-Mobile US Stock Performance

TMUS stock opened at $218.18 on Thursday. The company has a market capitalization of $253.20 billion, a P/E ratio of 24.88, a PEG ratio of 1.09 and a beta of 0.56. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. T-Mobile US, Inc. has a fifty-two week low of $158.84 and a fifty-two week high of $248.15. The company has a 50-day simple moving average of $228.16 and a 200 day simple moving average of $211.26.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.32 by $0.29. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The firm had revenue of $20.16 billion for the quarter, compared to analyst estimates of $20.01 billion. During the same period in the previous year, the company earned $1.82 earnings per share. T-Mobile US’s revenue was up 4.7% compared to the same quarter last year. Sell-side analysts predict that T-Mobile US, Inc. will post 9.3 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend is Friday, February 28th. T-Mobile US’s dividend payout ratio is presently 40.14%.

Insider Activity

In other T-Mobile US news, Director Raul Marcelo Claure sold 110,000 shares of the company’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $224.30, for a total value of $24,673,000.00. Following the transaction, the director now directly owns 1,441,204 shares of the company’s stock, valued at $323,262,057.20. This represents a 7.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Peter Osvaldik sold 20,000 shares of the stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $233.55, for a total value of $4,671,000.00. Following the completion of the transaction, the chief financial officer now owns 61,307 shares in the company, valued at $14,318,249.85. This represents a 24.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 164,200 shares of company stock valued at $37,407,303 over the last three months. Insiders own 0.67% of the company’s stock.

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.