T-Mobile US, Inc. (NASDAQ:TMUS) Shares Acquired by OneAscent Financial Services LLC

OneAscent Financial Services LLC increased its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 34.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,929 shares of the Wireless communications provider’s stock after purchasing an additional 1,530 shares during the quarter. OneAscent Financial Services LLC’s holdings in T-Mobile US were worth $1,309,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of TMUS. Principal Financial Group Inc. raised its holdings in T-Mobile US by 2.5% in the third quarter. Principal Financial Group Inc. now owns 1,978,567 shares of the Wireless communications provider’s stock valued at $408,297,000 after acquiring an additional 47,350 shares in the last quarter. Holocene Advisors LP acquired a new stake in shares of T-Mobile US in the 3rd quarter valued at $2,544,000. Hilltop Holdings Inc. lifted its position in shares of T-Mobile US by 36.1% during the 3rd quarter. Hilltop Holdings Inc. now owns 4,209 shares of the Wireless communications provider’s stock worth $868,000 after purchasing an additional 1,117 shares during the last quarter. Ionic Capital Management LLC acquired a new position in shares of T-Mobile US during the third quarter worth $557,000. Finally, Investment Management Corp of Ontario raised its holdings in T-Mobile US by 261.8% during the third quarter. Investment Management Corp of Ontario now owns 42,848 shares of the Wireless communications provider’s stock worth $8,842,000 after purchasing an additional 31,004 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $268.54 on Wednesday. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. T-Mobile US, Inc. has a fifty-two week low of $159.14 and a fifty-two week high of $276.49. The business has a fifty day moving average of $254.86 and a 200-day moving average of $234.05. The stock has a market cap of $306.60 billion, a price-to-earnings ratio of 27.77, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. As a group, analysts predict 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 announced a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders of record on Friday, May 30th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $3.52 annualized dividend and a yield of 1.31%. T-Mobile US’s payout ratio is currently 36.40%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TMUS. Morgan Stanley began coverage on shares of T-Mobile US in a research note on Monday, December 16th. They set an “overweight” rating and a $280.00 price target on the stock. Hsbc Global Res downgraded T-Mobile US from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 5th. Barclays increased their price target on T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Bank of America upped their price objective on shares of T-Mobile US from $240.00 to $255.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Finally, Benchmark reiterated a “buy” rating and set a $275.00 price target on shares of T-Mobile US in a research note on Thursday, March 27th. Eleven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, T-Mobile US currently has an average rating of “Moderate Buy” and an average price target of $256.80.

Insider Buying and Selling at T-Mobile US

In other news, Director Srikant M. Datar sold 730 shares of T-Mobile US stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total value of $191,990.00. Following the completion of the sale, the director now owns 3,291 shares of the company’s stock, valued at $865,533. The trade was a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.67% of the stock is currently owned by insiders.

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.