Stonebridge Financial Group LLC Invests $281,000 in T-Mobile US, Inc. (NASDAQ:TMUS)

Stonebridge Financial Group LLC acquired a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) in the 4th quarter, Holdings Channel reports. The firm acquired 1,273 shares of the Wireless communications provider’s stock, valued at approximately $281,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Essex Financial Services Inc. raised its stake in shares of T-Mobile US by 7.8% during the 4th quarter. Essex Financial Services Inc. now owns 1,603 shares of the Wireless communications provider’s stock worth $354,000 after buying an additional 116 shares during the last quarter. Sycomore Asset Management increased its holdings in T-Mobile US by 24.7% during the 4th quarter. Sycomore Asset Management now owns 78,614 shares of the Wireless communications provider’s stock valued at $15,978,000 after acquiring an additional 15,577 shares in the last quarter. Opal Wealth Advisors LLC purchased a new position in T-Mobile US during the 4th quarter valued at about $226,000. Wingate Wealth Advisors Inc. acquired a new position in T-Mobile US during the fourth quarter worth about $102,000. Finally, Ferguson Wellman Capital Management Inc. lifted its holdings in shares of T-Mobile US by 1.3% in the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 245,543 shares of the Wireless communications provider’s stock valued at $54,199,000 after purchasing an additional 3,105 shares in the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TMUS has been the subject of a number of recent research reports. TD Cowen raised their price objective on shares of T-Mobile US from $216.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. BNP Paribas raised T-Mobile US to a “strong-buy” rating in a report on Friday, October 25th. Scotiabank upped their price objective on T-Mobile US from $234.00 to $247.00 and gave the company a “sector perform” rating in a research report on Thursday, January 30th. Barclays lifted their price objective on T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Finally, Raymond James lowered shares of T-Mobile US from an “outperform” rating to a “market perform” rating in a report on Friday, October 25th. Seven equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $251.79.

Insiders Place Their Bets

In other news, Director Srikant M. Datar sold 1,000 shares of T-Mobile US stock in a transaction that occurred on 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 owns 4,021 shares in the company, valued at $989,166. This trade represents a 19.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Andre Almeida bought 3,808 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was purchased at an average price of $235.72 per share, with a total value of $897,621.76. Following the completion of the purchase, the director now directly owns 3,808 shares of the company’s stock, valued at approximately $897,621.76. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 3,100 shares of company stock worth $747,378 over the last quarter. 0.67% of the stock is owned by corporate insiders.

T-Mobile US Stock Performance

T-Mobile US stock opened at $258.70 on Wednesday. The company has a market cap of $295.37 billion, a price-to-earnings ratio of 26.75, a price-to-earnings-growth ratio of 1.44 and a beta of 0.56. T-Mobile US, Inc. has a 12 month low of $158.84 and a 12 month high of $259.46. 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’s 50-day moving average is $226.18 and its 200-day moving average is $216.54.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS 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 anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders of record on Friday, May 30th will be given a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.36%. The ex-dividend date is Friday, May 30th. T-Mobile US’s dividend payout ratio (DPR) is presently 36.40%.

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.