Harbour Investments Inc. Has $1.61 Million Position in T-Mobile US, Inc. $TMUS

Key Points

• Harbour Investments Inc. boosted its T-Mobile US stake by 557.6% in the fourth quarter, ending with 7,950 shares valued at about $1.61 million.
• T-Mobile reported strong quarterly results, with EPS of $2.27 beating estimates and revenue of $23.11 billion topping expectations; revenue also rose 10.6% year over year.
• The company recently announced a quarterly dividend of $1.02 per share and drew mixed investor sentiment, including analyst price targets that support a consensus Moderate Buy rating around $260.48.

Harbour Investments Inc. increased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 557.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,950 shares of the Wireless communications provider's stock after buying an additional 6,741 shares during the quarter. Harbour Investments Inc.'s holdings in T-Mobile US were worth $1,614,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. CYBER HORNET ETFs LLC grew its position in T-Mobile US by 3.8% during the third quarter. CYBER HORNET ETFs LLC now owns 1,319 shares of the Wireless communications provider's stock worth $316,000 after buying an additional 48 shares in the last quarter. Appleton Partners Inc. MA grew its position in T-Mobile US by 5.3% during the third quarter. Appleton Partners Inc. MA now owns 971 shares of the Wireless communications provider's stock worth $232,000 after buying an additional 49 shares in the last quarter. MJP Associates Inc. ADV grew its position in T-Mobile US by 2.7% during the third quarter. MJP Associates Inc. ADV now owns 1,886 shares of the Wireless communications provider's stock worth $452,000 after buying an additional 49 shares in the last quarter. Tevis Investment Management grew its position in T-Mobile US by 3.0% during the third quarter. Tevis Investment Management now owns 1,688 shares of the Wireless communications provider's stock worth $404,000 after buying an additional 49 shares in the last quarter. Finally, Meiji Yasuda Life Insurance Co grew its position in T-Mobile US by 0.6% during the third quarter. Meiji Yasuda Life Insurance Co now owns 8,094 shares of the Wireless communications provider's stock worth $1,938,000 after buying an additional 50 shares in the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

T-Mobile US Stock Performance

NASDAQ:TMUS opened at $189.01 on Friday. T-Mobile US, Inc. has a 1 year low of $181.36 and a 1 year high of $261.56. The firm has a 50 day moving average of $196.71 and a 200-day moving average of $201.83. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.58. The stock has a market capitalization of $204.55 billion, a P/E ratio of 20.11, a price-to-earnings-growth ratio of 1.11 and a beta of 0.33.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.01 by $0.26. T-Mobile US had a net margin of 11.65% and a return on equity of 19.47%. The company had revenue of $23.11 billion during the quarter, compared to analysts' expectations of $22.98 billion. During the same quarter in the previous year, the company posted $2.58 earnings per share. T-Mobile US's quarterly revenue was up 10.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that T-Mobile US, Inc. will post 10.65 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Friday, May 29th will be given a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 2.2%. The ex-dividend date is Friday, May 29th. T-Mobile US's payout ratio is 43.40%.

T-Mobile US News Roundup

Here are the key news stories impacting T-Mobile US this week:

• Positive Sentiment: T-Mobile announced a multi-year partnership with the USGA, making it the Official 5G Network Partner for major championships and showcasing its network capabilities. T-Mobile Brings America's Best Network to the USGA
• Neutral Sentiment: An industry article suggested T-Mobile’s joint venture with AT&T and Verizon to improve direct-to-device coverage could also create opportunities for AST SpaceMobile, but the impact on TMUS itself appears indirect. AST SpaceMobile Could Benefit From A Major Telecom Industry Initiative
• Negative Sentiment: Reports about store closures, layoffs, and a controversial internal memo may reinforce concerns that T-Mobile’s digital-first transition could pressure customer service or create execution risk. T-Mobile quietly makes significant store changes after layoffs
• Negative Sentiment: Insider selling by COO Jon Freier, while pre-planned under a 10b5-1 program, can still weigh on sentiment in the near term. T-Mobile US COO Sells $911,810.00 in Stock

Insider Activity at T-Mobile US

In related news, insider Michael J. Katz sold 5,000 shares of the business's stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $195.81, for a total value of $979,050.00. Following the completion of the transaction, the insider owned 181,930 shares in the company, valued at $35,623,713.30. The trade was a 2.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Srikant M. Datar sold 3,291 shares of the business's stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $221.10, for a total transaction of $727,640.10. Following the completion of the transaction, the director owned 1,038 shares of the company's stock, valued at $229,501.80. This trade represents a 76.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 13,090 shares of company stock worth $2,618,500. Company insiders own 0.37% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on TMUS. The Goldman Sachs Group reissued a "buy" rating on shares of T-Mobile US in a research report on Wednesday, April 29th. Arete Research lifted their price objective on T-Mobile US from $295.00 to $300.00 and gave the company a "buy" rating in a report on Tuesday, May 5th. Oppenheimer raised T-Mobile US from a "market perform" rating to an "outperform" rating and set a $260.00 price objective on the stock in a report on Wednesday, April 29th. Citigroup lifted their price objective on T-Mobile US from $220.00 to $225.00 and gave the company a "neutral" rating in a report on Tuesday, March 17th. Finally, Moffett Nathanson raised T-Mobile US from a "neutral" rating to a "buy" rating and set a $254.00 price objective on the stock in a report on Wednesday, April 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, T-Mobile US currently has a consensus rating of "Moderate Buy" and a consensus target price of $260.48.

T-Mobile US Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.

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