Wealthstar Advisors LLC Purchases New Shares in T-Mobile US, Inc. (NASDAQ:TMUS)

Wealthstar Advisors LLC acquired a new position in T-Mobile US, Inc. (NASDAQ:TMUS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,749 shares of the Wireless communications provider’s stock, valued at approximately $1,710,000. T-Mobile US makes up about 0.7% of Wealthstar Advisors LLC’s investment portfolio, making the stock its 28th biggest position.

Several other large investors also recently made changes to their positions in the business. Brookstone Capital Management acquired a new stake in shares of T-Mobile US in the third quarter valued at approximately $230,000. LVW Advisors LLC bought a new position in T-Mobile US in the 3rd quarter valued at $228,000. Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of T-Mobile US by 365.1% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 4,149 shares of the Wireless communications provider’s stock valued at $856,000 after buying an additional 3,257 shares during the period. Ritholtz Wealth Management raised its position in shares of T-Mobile US by 8.4% during the third quarter. Ritholtz Wealth Management now owns 10,876 shares of the Wireless communications provider’s stock worth $2,244,000 after acquiring an additional 843 shares during the last quarter. Finally, Compton Wealth Advisory Group LLC lifted its stake in shares of T-Mobile US by 3.2% during the third quarter. Compton Wealth Advisory Group LLC now owns 15,494 shares of the Wireless communications provider’s stock valued at $3,197,000 after acquiring an additional 485 shares during the period. Institutional investors own 42.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. BNP Paribas upgraded T-Mobile US to a “strong-buy” rating in a research report on Friday, October 25th. Daiwa America raised shares of T-Mobile US to a “hold” rating in a research note on Friday, October 25th. Scotiabank increased their price objective on shares of T-Mobile US from $234.00 to $247.00 and gave the company a “sector perform” rating in a report on Thursday, January 30th. Royal Bank of Canada lifted their target price on shares of T-Mobile US from $240.00 to $245.00 and gave the stock a “sector perform” rating in a report on Thursday, January 30th. Finally, Bank of America increased their price target on T-Mobile US from $240.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Seven investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $251.79.

T-Mobile US Price Performance

Shares of NASDAQ TMUS opened at $246.24 on Monday. The company has a fifty day moving average price of $225.96 and a 200 day moving average price of $215.70. The firm has a market cap of $281.14 billion, a PE ratio of 25.46, a PEG ratio of 1.44 and a beta of 0.56. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. T-Mobile US, Inc. has a 1-year low of $158.84 and a 1-year high of $250.50.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. Research analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Friday, May 30th will be issued a $0.88 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.43%. T-Mobile US’s dividend payout ratio (DPR) is presently 36.40%.

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Srikant M. Datar sold 1,000 shares of the business’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $246.00, for a total transaction of $246,000.00. Following the sale, the director now directly owns 4,021 shares of the company’s stock, valued at $989,166. The trade was a 19.92 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Andre Almeida acquired 3,808 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was bought at an average price of $235.72 per share, with a total value of $897,621.76. Following the acquisition, the director now directly owns 3,808 shares in the company, valued at $897,621.76. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 3,100 shares of company stock valued at $747,378 over the last 90 days. 0.67% of the stock is owned by corporate insiders.

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.