Daymark Wealth Partners LLC Invests $210,000 in T-Mobile US, Inc. (NASDAQ:TMUS)

Daymark Wealth Partners LLC acquired a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) in the fourth quarter, Holdings Channel.com reports. The fund acquired 950 shares of the Wireless communications provider’s stock, valued at approximately $210,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Delta Investment Management LLC boosted its stake in T-Mobile US by 46.2% in the second quarter. Delta Investment Management LLC now owns 1,900 shares of the Wireless communications provider’s stock worth $335,000 after buying an additional 600 shares in the last quarter. Deerfield Management Company L.P. Series C purchased a new stake in shares of T-Mobile US in the 2nd quarter valued at $764,000. MBB Public Markets I LLC bought a new position in shares of T-Mobile US during the 2nd quarter valued at $6,558,000. Mackenzie Financial Corp raised its position in T-Mobile US by 22.3% in the 2nd quarter. Mackenzie Financial Corp now owns 391,280 shares of the Wireless communications provider’s stock worth $68,936,000 after purchasing an additional 71,406 shares during the period. Finally, Legal & General Group Plc lifted its stake in T-Mobile US by 6.8% in the second quarter. Legal & General Group Plc now owns 4,751,007 shares of the Wireless communications provider’s stock worth $837,032,000 after purchasing an additional 303,582 shares during the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TMUS. Evercore ISI boosted their target price on T-Mobile US from $220.00 to $240.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Barclays boosted their price objective on T-Mobile US from $215.00 to $230.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Royal Bank of Canada cut shares of T-Mobile US from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from $255.00 to $240.00 in a report on Monday, January 6th. BNP Paribas upgraded shares of T-Mobile US to a “strong-buy” rating in a report on Friday, October 25th. Finally, Benchmark boosted their price objective on shares of T-Mobile US from $250.00 to $255.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Seven analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, T-Mobile US presently has an average rating of “Moderate Buy” and an average price target of $245.74.

T-Mobile US Stock Performance

Shares of T-Mobile US stock opened at $218.57 on Friday. The business has a fifty day simple moving average of $227.27 and a two-hundred day simple moving average of $211.34. The firm has a market capitalization of $253.65 billion, a P/E ratio of 24.92, a P/E/G ratio of 1.08 and a beta of 0.56. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23. T-Mobile US, Inc. has a 12 month low of $158.84 and a 12 month high of $248.15.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.32 by $0.29. The company had revenue of $20.16 billion during the quarter, compared to analysts’ expectations of $20.01 billion. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. T-Mobile US’s revenue was up 4.7% on a year-over-year basis. During the same period last year, the company posted $1.82 EPS. On average, equities analysts forecast that T-Mobile US, Inc. will post 9.3 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Friday, February 28th will be given a $0.88 dividend. The ex-dividend date is Friday, February 28th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.61%. T-Mobile US’s dividend payout ratio is currently 40.14%.

Insider Buying and Selling

In related news, Director Letitia A. Long sold 1,100 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $231.08, for a total value of $254,188.00. Following the transaction, the director now owns 5,653 shares in the company, valued at $1,306,295.24. The trade was a 16.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Srikant M. Datar sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $247.19, for a total transaction of $247,190.00. Following the sale, the director now owns 5,021 shares of the company’s stock, valued at approximately $1,241,140.99. This represents a 16.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 144,200 shares of company stock worth $32,736,303 in the last 90 days. Insiders own 0.67% of the company’s stock.

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.