Asset Allocation & Management Company LLC Makes New $314,000 Investment in T-Mobile US, Inc. (NASDAQ:TMUS)

Asset Allocation & Management Company LLC purchased a new position in T-Mobile US, Inc. (NASDAQ:TMUS) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,421 shares of the Wireless communications provider’s stock, valued at approximately $314,000.

A number of other hedge funds have also recently added to or reduced their stakes in TMUS. Ashton Thomas Private Wealth LLC purchased a new position in shares of T-Mobile US in the 2nd quarter worth about $95,000. LPL Financial LLC raised its holdings in shares of T-Mobile US by 20.0% in the 2nd quarter. LPL Financial LLC now owns 307,913 shares of the Wireless communications provider’s stock worth $54,248,000 after purchasing an additional 51,307 shares during the period. American Century Companies Inc. raised its holdings in shares of T-Mobile US by 22.7% during the 2nd quarter. American Century Companies Inc. now owns 301,943 shares of the Wireless communications provider’s stock valued at $53,196,000 after buying an additional 55,801 shares during the period. GHP Investment Advisors Inc. raised its holdings in shares of T-Mobile US by 70.9% during the 2nd quarter. GHP Investment Advisors Inc. now owns 745 shares of the Wireless communications provider’s stock valued at $131,000 after buying an additional 309 shares during the period. Finally, Parallel Advisors LLC raised its holdings in shares of T-Mobile US by 12.7% during the 2nd quarter. Parallel Advisors LLC now owns 11,205 shares of the Wireless communications provider’s stock valued at $1,974,000 after buying an additional 1,262 shares during the period. 42.49% of the stock is owned by institutional investors and hedge funds.

T-Mobile US Trading Up 1.3 %

Shares of T-Mobile US stock traded up $2.78 on Monday, reaching $214.08. 1,042,122 shares of the company were exchanged, compared to its average volume of 3,522,786. The stock has a fifty day moving average price of $230.41 and a 200-day moving average price of $209.39. The firm has a market capitalization of $248.44 billion, a price-to-earnings ratio of 24.41, a price-to-earnings-growth ratio of 1.18 and a beta of 0.56. The company has a current ratio of 1.08, a quick ratio of 0.99 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.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, beating 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 business had revenue of $20.16 billion for the quarter, compared to the consensus estimate of $20.01 billion. During the same quarter in the previous year, the company posted $1.82 earnings per share. T-Mobile US’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, analysts expect that T-Mobile US, Inc. will post 9.38 EPS for the current year.

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.64%. T-Mobile US’s dividend payout ratio is 40.14%.

Insider Activity

In other news, Director Raul Marcelo Claure sold 110,000 shares of T-Mobile US stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $224.30, for a total transaction of $24,673,000.00. Following the completion of the sale, the director now directly owns 1,441,204 shares in the company, valued at $323,262,057.20. The trade was a 7.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mark Wolfe Nelson sold 42,769 shares of T-Mobile US stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $216.26, for a total value of $9,249,223.94. Following the sale, the executive vice president now owns 61,871 shares of the company’s stock, valued at approximately $13,380,222.46. This represents a 40.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 206,969 shares of company stock worth $46,656,527. 0.67% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

TMUS has been the topic of several analyst reports. Raymond James downgraded T-Mobile US from an “outperform” rating to a “market perform” rating in a report on Friday, October 25th. TD Cowen raised their target price on T-Mobile US from $216.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Evercore ISI lifted their price objective on T-Mobile US from $220.00 to $240.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Scotiabank lifted their price objective on T-Mobile US from $236.00 to $237.00 and gave the stock a “sector perform” rating in a report on Thursday, October 24th. Finally, Tigress Financial lifted their price objective on T-Mobile US from $235.00 to $280.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Seven investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $245.74.

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.