L & S Advisors Inc Boosts Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

L & S Advisors Inc increased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 7.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 6,932 shares of the Wireless communications provider’s stock after purchasing an additional 477 shares during the period. L & S Advisors Inc’s holdings in T-Mobile US were worth $1,530,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Allianz SE purchased a new stake in shares of T-Mobile US during the fourth quarter worth $11,228,000. Allstate Corp acquired a new position in T-Mobile US during the 4th quarter worth $3,431,000. Brown Brothers Harriman & Co. increased its holdings in T-Mobile US by 22.5% during the 4th quarter. Brown Brothers Harriman & Co. now owns 7,733 shares of the Wireless communications provider’s stock worth $1,707,000 after purchasing an additional 1,418 shares during the period. Horizon Investment Services LLC acquired a new stake in T-Mobile US in the 4th quarter valued at about $3,299,000. Finally, denkapparat Operations GmbH purchased a new position in shares of T-Mobile US in the 4th quarter valued at about $519,000. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TMUS has been the topic of a number of recent research reports. Morgan Stanley initiated coverage on shares of T-Mobile US in a research note on Monday, December 16th. They set an “overweight” rating and a $280.00 target price on the stock. Hsbc Global Res downgraded shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 5th. KeyCorp cut shares of T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 price objective for the company. in a research report on Thursday, December 12th. Scotiabank increased their target price on T-Mobile US from $247.00 to $275.00 and gave the company a “sector perform” rating in a report on Monday, March 3rd. Finally, UBS Group downgraded T-Mobile US from a “strong-buy” rating to a “hold” rating in a report on Friday, March 21st. Eleven analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, T-Mobile US has a consensus rating of “Moderate Buy” and an average price target of $256.80.

Insider Transactions at T-Mobile US

In related news, Director Srikant M. Datar sold 730 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total transaction of $191,990.00. Following the completion of the transaction, the director now directly owns 3,291 shares of the company’s stock, valued at $865,533. This represents a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.67% of the company’s stock.

T-Mobile US Price Performance

Shares of TMUS opened at $264.93 on Friday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. T-Mobile US, Inc. has a fifty-two week low of $159.14 and a fifty-two week high of $276.49. The firm has a 50-day simple moving average of $252.92 and a 200-day simple moving average of $232.89. The company has a market capitalization of $302.48 billion, a price-to-earnings ratio of 27.40, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64.

T-Mobile US (NASDAQ:TMUS) last announced 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 return on equity of 18.09% and a net margin of 13.93%. On average, equities research analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Announces Dividend

The company 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 dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a yield of 1.33%. 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.