Nvest Financial LLC Raises Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Nvest Financial LLC grew its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 13.2% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 4,963 shares of the Wireless communications provider’s stock after buying an additional 579 shares during the period. Nvest Financial LLC’s holdings in T-Mobile US were worth $1,096,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. KPP Advisory Services LLC increased its stake in T-Mobile US by 2.6% in the 3rd quarter. KPP Advisory Services LLC now owns 1,744 shares of the Wireless communications provider’s stock valued at $360,000 after buying an additional 45 shares during the period. DT Investment Partners LLC increased its stake in shares of T-Mobile US by 65.3% during the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 47 shares during the period. Relyea Zuckerberg Hanson LLC raised its holdings in T-Mobile US by 3.9% during the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 1,286 shares of the Wireless communications provider’s stock worth $284,000 after purchasing an additional 48 shares in the last quarter. Old North State Trust LLC lifted its position in T-Mobile US by 1.4% in the third quarter. Old North State Trust LLC now owns 3,637 shares of the Wireless communications provider’s stock valued at $751,000 after purchasing an additional 50 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in T-Mobile US by 1.5% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,330 shares of the Wireless communications provider’s stock valued at $735,000 after purchasing an additional 50 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TMUS. Barclays raised their price target on T-Mobile US from $215.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Scotiabank boosted their target price on shares of T-Mobile US from $236.00 to $237.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 24th. Citigroup increased their price target on shares of T-Mobile US from $210.00 to $254.00 and gave the company a “buy” rating in a report on Monday, October 21st. Benchmark reissued a “buy” rating and set a $255.00 price objective on shares of T-Mobile US in a report on Tuesday. Finally, Tigress Financial increased their target price on shares of T-Mobile US from $235.00 to $280.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Seven research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, T-Mobile US currently has an average rating of “Moderate Buy” and an average target price of $245.74.

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Andre Almeida acquired 3,808 shares of the company’s stock in a transaction dated Monday, December 9th. The stock was bought at an average price of $235.72 per share, with a total value of $897,621.76. Following the completion of the transaction, the director now directly owns 3,808 shares of the company’s stock, valued at approximately $897,621.76. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Raul Marcelo Claure sold 110,000 shares of T-Mobile US stock in a transaction on Monday, November 4th. The shares were sold at an average price of $224.30, for a total transaction of $24,673,000.00. Following the transaction, the director now owns 1,441,204 shares in the company, valued at $323,262,057.20. The trade was a 7.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 144,200 shares of company stock worth $32,736,303 in the last ninety days. Insiders own 0.67% of the company’s stock.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS opened at $221.16 on Wednesday. The business has a fifty day simple moving average of $226.37 and a 200-day simple moving average of $212.66. T-Mobile US, Inc. has a 52 week low of $158.84 and a 52 week high of $248.15. The company has a market cap of $256.66 billion, a P/E ratio of 25.22, a P/E/G ratio of 1.08 and a beta of 0.56. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. Equities research analysts forecast that T-Mobile US, Inc. will post 9.3 EPS for the current year.

T-Mobile US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $3.52 annualized dividend and a dividend yield of 1.59%. T-Mobile US’s dividend payout ratio is presently 40.14%.

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.