Balboa Wealth Partners Purchases 394 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Balboa Wealth Partners grew its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 33.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,583 shares of the Wireless communications provider’s stock after purchasing an additional 394 shares during the period. Balboa Wealth Partners’ holdings in T-Mobile US were worth $349,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Bowen Hanes & Co. Inc. boosted its position in T-Mobile US by 31.4% during the 4th quarter. Bowen Hanes & Co. Inc. now owns 25,550 shares of the Wireless communications provider’s stock worth $5,640,000 after acquiring an additional 6,100 shares during the last quarter. Achmea Investment Management B.V. boosted its holdings in T-Mobile US by 15.3% during the fourth quarter. Achmea Investment Management B.V. now owns 168,520 shares of the Wireless communications provider’s stock worth $37,197,000 after purchasing an additional 22,323 shares during the last quarter. Vestcor Inc grew its position in T-Mobile US by 6.7% in the fourth quarter. Vestcor Inc now owns 140,569 shares of the Wireless communications provider’s stock valued at $31,028,000 after purchasing an additional 8,881 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in T-Mobile US by 3.3% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 165,632 shares of the Wireless communications provider’s stock valued at $36,560,000 after purchasing an additional 5,278 shares in the last quarter. Finally, Rakuten Securities Inc. lifted its position in T-Mobile US by 93.9% during the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 62 shares in the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TMUS has been the subject of several analyst reports. Evercore ISI upgraded T-Mobile US to a “strong-buy” rating in a report on Thursday, January 23rd. KeyCorp downgraded T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 price target for the company. in a research note on Thursday, December 12th. Scotiabank boosted their price target on T-Mobile US from $247.00 to $275.00 and gave the stock a “sector perform” rating in a research report on Monday, March 3rd. JPMorgan Chase & Co. increased their price objective on T-Mobile US from $250.00 to $265.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Finally, Barclays boosted their target price on shares of T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Nine equities 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 stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $254.10.

T-Mobile US Stock Performance

Shares of NASDAQ TMUS opened at $259.10 on Friday. 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 firm has a market cap of $295.83 billion, a price-to-earnings ratio of 26.79, a P/E/G ratio of 1.55 and a beta of 0.64. The stock’s fifty day moving average price is $242.93 and its two-hundred day moving average price is $227.96. T-Mobile US, Inc. has a one year low of $158.84 and a one year high of $276.49.

T-Mobile US (NASDAQ:TMUS) last released 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%. On average, equities analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be issued a dividend of $0.88 per share. The ex-dividend date is Friday, May 30th. This represents a $3.52 annualized dividend and a dividend yield of 1.36%. T-Mobile US’s dividend payout ratio is presently 36.40%.

Insider Activity

In related news, Director Srikant M. Datar sold 730 shares of the firm’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total value of $191,990.00. Following the transaction, the director now owns 3,291 shares in the company, valued at approximately $865,533. This trade represents a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.67% of the stock is owned by company insiders.

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.