AdvisorShares Investments LLC Takes Position in T-Mobile US, Inc. (NASDAQ:TMUS)

AdvisorShares Investments LLC bought a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,060 shares of the Wireless communications provider’s stock, valued at approximately $455,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TMUS. Rakuten Securities Inc. lifted its holdings in shares of T-Mobile US by 93.9% during the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 62 shares during the last quarter. CoreFirst Bank & Trust purchased a new stake in T-Mobile US during the 4th quarter worth approximately $28,000. Financial Life Planners acquired a new position in T-Mobile US during the 4th quarter valued at approximately $29,000. Bruce G. Allen Investments LLC raised its holdings in shares of T-Mobile US by 79.3% in the fourth quarter. Bruce G. Allen Investments LLC now owns 165 shares of the Wireless communications provider’s stock worth $36,000 after buying an additional 73 shares during the last quarter. Finally, Albion Financial Group UT acquired a new stake in shares of T-Mobile US during the fourth quarter worth $39,000. 42.49% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. UBS Group cut T-Mobile US from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 21st. Wells Fargo & Company reaffirmed an “equal weight” rating on shares of T-Mobile US in a report on Wednesday, February 26th. Tigress Financial raised their target price on shares of T-Mobile US from $290.00 to $305.00 and gave the stock a “buy” rating in a report on Tuesday. Oppenheimer upped their price target on shares of T-Mobile US from $250.00 to $275.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Finally, Citigroup lowered T-Mobile US from a “buy” rating to a “neutral” rating and set a $268.00 price objective for the company. in a research note on Friday, March 14th. Eleven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, T-Mobile US has an average rating of “Moderate Buy” and an average target price of $257.55.

T-Mobile US Price Performance

Shares of TMUS stock opened at $241.59 on Wednesday. The firm’s 50-day moving average is $259.35 and its two-hundred day moving average is $241.14. The company has a market capitalization of $274.61 billion, a PE ratio of 24.98, a price-to-earnings-growth ratio of 1.55 and a beta of 0.63. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. T-Mobile US, Inc. has a 12 month low of $161.61 and a 12 month high of $276.49.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.10. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. The company had revenue of $20.89 billion during the quarter, compared to analysts’ expectations of $20.67 billion. During the same quarter last year, the firm earned $2.00 earnings per share. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. Analysts predict 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 declared 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. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date is Friday, May 30th. T-Mobile US’s dividend payout ratio is presently 34.34%.

Insiders Place Their Bets

In related news, Director Srikant M. Datar sold 730 shares of T-Mobile US stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total value of $191,990.00. Following the completion of the transaction, the director now owns 3,291 shares in the company, valued at approximately $865,533. The trade was a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.67% of the stock is owned by insiders.

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.