5,230 Shares in T-Mobile US, Inc. (NASDAQ:TMUS) Acquired by 1248 Management LLC

1248 Management LLC bought a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 5,230 shares of the Wireless communications provider's stock, valued at approximately $1,154,000.

Other hedge funds have also recently made changes to their positions in the company. Rakuten Securities Inc. increased its stake in shares of T-Mobile US by 93.9% during the fourth quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider's stock valued at $28,000 after buying an additional 62 shares during the period. CoreFirst Bank & Trust bought a new position in shares of T-Mobile US during the fourth quarter valued at approximately $28,000. Financial Life Planners purchased a new position in T-Mobile US during the fourth quarter valued at approximately $29,000. Bruce G. Allen Investments LLC raised its stake in 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 in the last quarter. Finally, Albion Financial Group UT purchased a new stake in T-Mobile US during the fourth quarter worth $39,000. 42.49% of the stock is currently owned by institutional investors.

T-Mobile US Price Performance

TMUS stock traded down $0.58 during trading on Monday, hitting $248.30. The company had a trading volume of 2,310,371 shares, compared to its average volume of 4,241,025. The business has a 50 day moving average of $258.13 and a 200 day moving average of $241.90. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. The firm has a market capitalization of $281.93 billion, a price-to-earnings ratio of 25.68, a P/E/G ratio of 1.55 and a beta of 0.69. T-Mobile US, Inc. has a fifty-two week low of $161.61 and a fifty-two week high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 EPS for the quarter, beating the consensus estimate of $2.48 by $0.10. The business had revenue of $20.89 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the business earned $2.00 earnings per share. As a group, research analysts predict 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 declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.42%. The ex-dividend date is Friday, May 30th. T-Mobile US's dividend payout ratio is currently 34.34%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Citigroup lowered shares of T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 price target on the stock. in a research note on Friday, March 14th. Tigress Financial increased their price target on T-Mobile US from $290.00 to $305.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. Evercore ISI upgraded shares of T-Mobile US to a "strong-buy" rating in a research note on Thursday, January 23rd. Scotiabank raised T-Mobile US from a "sector perform" rating to a "sector outperform" rating and upped their target price for the stock from $275.00 to $277.50 in a research note on Wednesday, April 30th. Finally, Barclays boosted their price target 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. Ten research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, T-Mobile US currently has an average rating of "Moderate Buy" and a consensus target price of $257.68.

Insider Buying and Selling

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of the firm's stock in a transaction that occurred 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 sale, the director now owns 3,291 shares in the company, valued at approximately $865,533. This trade represents a 18.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.67% of the stock is owned by corporate 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.