W.H. Cornerstone Investments Inc. Buys New Position in T-Mobile US, Inc. (NASDAQ:TMUS)

W.H. Cornerstone Investments Inc. bought a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 3,093 shares of the Wireless communications provider’s stock, valued at approximately $683,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. DT Investment Partners LLC grew its holdings in shares of T-Mobile US by 65.3% during the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 47 shares during the last quarter. Dunhill Financial LLC boosted its position in T-Mobile US by 76.7% during the third quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock valued at $27,000 after buying an additional 56 shares during the period. Financial Life Planners bought a new position in shares of T-Mobile US during the fourth quarter valued at about $29,000. MFA Wealth Advisors LLC increased its holdings in shares of T-Mobile US by 128.3% in the third quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 77 shares during the period. Finally, Legacy Investment Solutions LLC bought a new stake in shares of T-Mobile US in the 3rd quarter valued at about $34,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Sanford C. Bernstein assumed coverage on T-Mobile US in a research report on Tuesday, December 10th. They issued a “market perform” rating and a $265.00 price objective for the company. KeyCorp lowered shares of T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 price target for the company. in a report on Thursday, December 12th. Scotiabank boosted their price objective on shares of T-Mobile US from $234.00 to $247.00 and gave the company a “sector perform” rating in a research report on Thursday, January 30th. Tigress Financial increased their target price on shares of T-Mobile US from $280.00 to $290.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Finally, UBS Group boosted their price target on T-Mobile US from $210.00 to $255.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Seven analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $251.79.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Andre Almeida acquired 3,808 shares of the stock in a transaction dated Monday, December 9th. The shares were acquired at an average cost of $235.72 per share, for a total transaction 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 purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Srikant M. Datar sold 1,000 shares of the stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $247.19, for a total value of $247,190.00. Following the sale, the director now owns 5,021 shares of the company’s stock, valued at $1,241,140.99. This represents a 16.61 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,100 shares of company stock worth $747,378. Corporate insiders own 0.67% of the company’s stock.

T-Mobile US Price Performance

NASDAQ TMUS opened at $265.08 on Friday. The company has a 50-day moving average price of $226.70 and a 200-day moving average price of $217.39. T-Mobile US, Inc. has a 52 week low of $158.84 and a 52 week high of $266.00. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. The firm has a market capitalization of $302.65 billion, a P/E ratio of 27.41, a PEG ratio of 1.44 and a beta of 0.56.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results 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 13.93% and a return on equity of 18.09%. 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 business also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be issued a $0.88 dividend. The ex-dividend date is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a yield of 1.33%. T-Mobile US’s dividend payout ratio is currently 36.40%.

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.