Topsail Wealth Management LLC Invests $230,000 in T-Mobile US, Inc. (NASDAQ:TMUS)

Topsail Wealth Management LLC acquired a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,044 shares of the Wireless communications provider's stock, valued at approximately $230,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TMUS. Principal Financial Group Inc. lifted its stake in shares of T-Mobile US by 2.5% during the 3rd quarter. Principal Financial Group Inc. now owns 1,978,567 shares of the Wireless communications provider's stock worth $408,297,000 after acquiring an additional 47,350 shares during the last quarter. Barclays PLC lifted its position in shares of T-Mobile US by 38.3% during the third quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider's stock worth $653,160,000 after purchasing an additional 876,182 shares during the last quarter. Passumpsic Savings Bank purchased a new stake in shares of T-Mobile US during the third quarter valued at $2,634,000. Pine Valley Investments Ltd Liability Co grew its holdings in shares of T-Mobile US by 1.3% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 5,498 shares of the Wireless communications provider's stock worth $1,135,000 after purchasing an additional 70 shares during the last quarter. Finally, World Investment Advisors LLC purchased a new position in T-Mobile US in the 3rd quarter worth about $510,000. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

T-Mobile US Stock Performance

NASDAQ:TMUS traded up $3.90 during trading hours on Wednesday, hitting $245.49. 1,561,829 shares of the company were exchanged, compared to its average volume of 4,249,320. T-Mobile US, Inc. has a 52-week low of $161.61 and a 52-week high of $276.49. The company's 50 day moving average price is $259.35 and its 200-day moving average price is $241.14. 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 stock has a market capitalization of $279.04 billion, a price-to-earnings ratio of 25.39, a PEG ratio of 1.55 and a beta of 0.63.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.48 by $0.10. The company had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.67 billion. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. The firm's quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the business posted $2.00 EPS. As a group, research analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Dividend Announcement

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 given a dividend of $0.88 per share. The ex-dividend date is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.43%. T-Mobile US's dividend payout ratio (DPR) is 34.34%.

Insiders Place Their Bets

In related news, Director Srikant M. Datar sold 730 shares of the 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 completion of the transaction, the director now directly owns 3,291 shares of the company's stock, valued at approximately $865,533. This represents a 18.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.67% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

TMUS has been the topic of a number of research analyst reports. Benchmark restated a "buy" rating and issued a $275.00 target price on shares of T-Mobile US in a research note on Thursday, March 27th. Bank of America lifted their target price on T-Mobile US from $240.00 to $255.00 and gave the company a "buy" rating in a research report on Thursday, January 30th. Wells Fargo & Company reissued an "equal weight" rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Barclays lifted their price objective on T-Mobile US from $230.00 to $250.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Finally, Oppenheimer increased their target price on shares of T-Mobile US from $250.00 to $275.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Ten investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, T-Mobile US presently has an average rating of "Moderate Buy" and an average price target of $257.68.

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.