CFO4Life Group LLC Acquires 3,254 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

CFO4Life Group LLC increased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 55.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,132 shares of the Wireless communications provider’s stock after acquiring an additional 3,254 shares during the quarter. CFO4Life Group LLC’s holdings in T-Mobile US were worth $2,016,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Wellington Management Group LLP lifted its holdings in T-Mobile US by 4.0% during the third quarter. Wellington Management Group LLP now owns 15,524,529 shares of the Wireless communications provider’s stock worth $3,203,642,000 after acquiring an additional 602,786 shares during the period. FMR LLC lifted its holdings in T-Mobile US by 13.4% during the third quarter. FMR LLC now owns 12,893,770 shares of the Wireless communications provider’s stock worth $2,660,758,000 after acquiring an additional 1,522,394 shares during the period. Franklin Resources Inc. lifted its holdings in T-Mobile US by 9.9% during the third quarter. Franklin Resources Inc. now owns 6,553,703 shares of the Wireless communications provider’s stock worth $1,448,426,000 after acquiring an additional 590,711 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of T-Mobile US by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,230,038 shares of the Wireless communications provider’s stock valued at $712,966,000 after buying an additional 85,012 shares during the period. Finally, Barclays PLC raised its stake in shares of T-Mobile US by 38.3% in the third quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock valued at $653,160,000 after buying an additional 876,182 shares during the period. 42.49% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TMUS has been the topic of several research reports. Bank of America boosted their target price 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. Scotiabank boosted their target price on T-Mobile US from $247.00 to $275.00 and gave the company a “sector perform” rating in a research note on Monday, March 3rd. Tigress Financial restated a “buy” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Barclays boosted their target price on T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Finally, Benchmark restated a “buy” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Nine research 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 company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $254.10.

Insider Transactions at T-Mobile US

In other news, Director Letitia A. Long sold 1,100 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $231.08, for a total value of $254,188.00. Following the completion of the transaction, the director now directly owns 5,653 shares in the company, valued at approximately $1,306,295.24. This represents a 16.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Srikant M. Datar sold 730 shares of the company’s stock in a transaction dated 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 transaction, 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 disclosure for this sale can be found here. Company insiders own 0.67% of the company’s stock.

T-Mobile US Price Performance

T-Mobile US stock opened at $255.61 on Thursday. T-Mobile US, Inc. has a 52 week low of $158.84 and a 52 week high of $276.49. The business has a 50-day simple moving average of $242.14 and a 200 day simple moving average of $227.74. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. The stock has a market cap of $291.84 billion, a price-to-earnings ratio of 26.43, a PEG ratio of 1.55 and a beta of 0.64.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS 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%. On average, research analysts forecast 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 disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US’s payout ratio is currently 36.40%.

T-Mobile US 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.