T-Mobile US, Inc. (NASDAQ:TMUS) Shares Purchased by LPL Financial LLC

LPL Financial LLC boosted its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 27.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 428,424 shares of the Wireless communications provider’s stock after buying an additional 91,387 shares during the period. LPL Financial LLC’s holdings in T-Mobile US were worth $94,566,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Samalin Investment Counsel LLC increased its position in shares of T-Mobile US by 2.5% during the fourth quarter. Samalin Investment Counsel LLC now owns 2,378 shares of the Wireless communications provider’s stock worth $525,000 after acquiring an additional 59 shares during the period. Blueprint Investment Partners LLC increased its holdings in T-Mobile US by 13.0% during the 4th quarter. Blueprint Investment Partners LLC now owns 1,910 shares of the Wireless communications provider’s stock worth $422,000 after purchasing an additional 219 shares during the period. Fortis Capital Management LLC increased its holdings in T-Mobile US by 30.8% during the 4th quarter. Fortis Capital Management LLC now owns 18,905 shares of the Wireless communications provider’s stock worth $4,173,000 after purchasing an additional 4,452 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in T-Mobile US in the 4th quarter valued at about $63,763,000. Finally, AXQ Capital LP acquired a new position in shares of T-Mobile US during the fourth quarter worth about $1,350,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Price Performance

T-Mobile US stock opened at $258.75 on Wednesday. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. The stock has a market capitalization of $295.43 billion, a PE ratio of 26.76, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64. The business has a 50 day simple moving average of $249.99 and a 200-day simple moving average of $231.69. T-Mobile US, Inc. has a 12 month low of $159.14 and a 12 month high of $276.49.

T-Mobile US (NASDAQ:TMUS) last issued 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%. Equities analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US’s dividend payout ratio (DPR) is 36.40%.

Insider Activity

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 in the company, valued at approximately $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 accessible through the SEC website. Insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TMUS. Benchmark reiterated a “buy” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. 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 report on Thursday, December 12th. Barclays lifted 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. Citigroup downgraded T-Mobile US from a “buy” rating to a “neutral” rating and set a $268.00 price objective on the stock. in a report on Friday, March 14th. Finally, Bank of America boosted their target price on T-Mobile US from $240.00 to $255.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Eleven research 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. Based on data from MarketBeat.com, T-Mobile US currently has a consensus rating of “Moderate Buy” and a consensus target price of $255.80.

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.