Burling Wealth Partners LLC Invests $2.54 Million in T-Mobile US, Inc. (NASDAQ:TMUS)

Burling Wealth Partners LLC bought a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 11,501 shares of the Wireless communications provider's stock, valued at approximately $2,539,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Symmetry Investments LP grew its holdings in shares of T-Mobile US by 41.2% during the 4th quarter. Symmetry Investments LP now owns 18,481 shares of the Wireless communications provider's stock valued at $4,079,000 after purchasing an additional 5,388 shares during the last quarter. MGO One Seven LLC grew its position in T-Mobile US by 25.0% during the 4th quarter. MGO One Seven LLC now owns 8,081 shares of the Wireless communications provider's stock worth $1,784,000 after acquiring an additional 1,618 shares during the last quarter. TD Waterhouse Canada Inc. increased its holdings in T-Mobile US by 63.7% in the 4th quarter. TD Waterhouse Canada Inc. now owns 86,148 shares of the Wireless communications provider's stock worth $19,015,000 after purchasing an additional 33,516 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its position in T-Mobile US by 10.8% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 97,156 shares of the Wireless communications provider's stock valued at $21,445,000 after purchasing an additional 9,434 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in shares of T-Mobile US by 102.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 67,089 shares of the Wireless communications provider's stock valued at $14,809,000 after purchasing an additional 33,947 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Stock Performance

Shares of TMUS traded up $2.52 during trading hours on Tuesday, hitting $239.29. The company's stock had a trading volume of 1,844,975 shares, compared to its average volume of 4,288,777. The company has a market cap of $271.99 billion, a price-to-earnings ratio of 24.75, a PEG 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. The business has a 50 day simple moving average of $259.82 and a two-hundred day simple moving average of $241.14. T-Mobile US, Inc. has a 52-week low of $161.61 and a 52-week high of $276.49.

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, beating analysts' consensus estimates of $2.48 by $0.10. The business had revenue of $20.89 billion for the quarter, compared to analysts' expectations of $20.67 billion. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. The business's revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.00 EPS. On average, equities analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders 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 annualized dividend and a dividend yield of 1.47%. T-Mobile US's payout ratio is currently 34.34%.

Analysts Set New Price Targets

TMUS has been the subject of several recent research reports. Evercore ISI raised shares of T-Mobile US to a "strong-buy" rating in a research report on Thursday, January 23rd. Tigress Financial reissued a "buy" rating on shares of T-Mobile US in a research note on Wednesday, February 26th. UBS Group downgraded T-Mobile US from a "strong-buy" rating to a "hold" rating in a report on Friday, March 21st. Wells Fargo & Company restated an "equal weight" rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Finally, JPMorgan Chase & Co. increased their target price on shares of T-Mobile US from $265.00 to $270.00 and gave the company an "overweight" rating in a report on Tuesday, March 18th. Eleven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, T-Mobile US presently has an average rating of "Moderate Buy" and an average target price of $256.80.

Insider Buying and Selling

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of the company's stock in a transaction dated 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 directly owns 3,291 shares in the company, valued at $865,533. This represents a 18.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.67% of the stock is currently owned by company insiders.

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.