Millington Financial Advisors LLC Purchases Shares of 10,085 T-Mobile US, Inc. $TMUS

Key Points

• Millington Financial Advisors opened a new position in T-Mobile US during the fourth quarter, buying 10,085 shares valued at about $1.99 million.
• T-Mobile reported better-than-expected quarterly results, with EPS of $2.27 versus the $2.01 estimate and revenue of $23.11 billion, up 10.6% year over year.
• The company also announced a quarterly dividend of $1.02 per share, payable June 11, which works out to a 2.1% annualized yield.

Millington Financial Advisors LLC purchased a new stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 10,085 shares of the Wireless communications provider's stock, valued at approximately $1,991,000.

A number of other large investors have also recently added to or reduced their stakes in TMUS. Wellington Management Group LLP lifted its stake in T-Mobile US by 47.5% in the third quarter. Wellington Management Group LLP now owns 13,461,669 shares of the Wireless communications provider's stock valued at $3,222,454,000 after acquiring an additional 4,335,368 shares during the last quarter. Viking Global Investors LP lifted its stake in T-Mobile US by 81.7% in the second quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider's stock valued at $677,925,000 after acquiring an additional 1,279,422 shares during the last quarter. Amundi lifted its stake in T-Mobile US by 44.6% in the third quarter. Amundi now owns 4,109,084 shares of the Wireless communications provider's stock valued at $924,380,000 after acquiring an additional 1,266,808 shares during the last quarter. State Street Corp lifted its stake in T-Mobile US by 4.7% in the third quarter. State Street Corp now owns 24,234,085 shares of the Wireless communications provider's stock valued at $5,801,155,000 after acquiring an additional 1,092,769 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in T-Mobile US by 33.7% in the third quarter. Ameriprise Financial Inc. now owns 3,477,553 shares of the Wireless communications provider's stock valued at $832,438,000 after acquiring an additional 877,384 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company's stock.

T-Mobile US Stock Down 0.2%

T-Mobile US stock opened at $190.81 on Thursday. T-Mobile US, Inc. has a twelve month low of $181.36 and a twelve month high of $261.56. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.58. The company's 50-day moving average price is $197.20 and its two-hundred day moving average price is $201.96. The stock has a market cap of $206.49 billion, a P/E ratio of 20.30, a P/E/G ratio of 1.11 and a beta of 0.33.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share for the quarter, topping the consensus estimate 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 business 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 earned $2.58 EPS. The business's revenue was up 10.6% on a year-over-year basis. As a group, analysts expect that T-Mobile US, Inc. will post 10.65 EPS for the current year.

T-Mobile US Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Friday, May 29th will be paid a $1.02 dividend. The ex-dividend date is Friday, May 29th. This represents a $4.08 annualized dividend and a yield of 2.1%. T-Mobile US's payout ratio is 43.40%.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, COO Jon Freier sold 4,799 shares of T-Mobile US stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $190.00, for a total value of $911,810.00. Following the completion of the sale, the chief operating officer owned 217,168 shares in the company, valued at $41,261,920. The trade was a 2.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Srikant M. Datar sold 3,291 shares of T-Mobile US stock in a transaction dated 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 sale, 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 SEC filing for this sale provides additional information. Insiders have sold 13,090 shares of company stock worth $2,618,500 over the last quarter. Company insiders own 0.37% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Barclays restated a "buy" rating on shares of T-Mobile US in a research note on Friday, April 24th. Oppenheimer raised shares of T-Mobile US from a "market perform" rating to an "outperform" rating and set a $260.00 price target on the stock in a report on Wednesday, April 29th. Arete Research increased their price target on shares of T-Mobile US from $295.00 to $300.00 and gave the company a "buy" rating in a report on Tuesday, May 5th. The Goldman Sachs Group reissued a "buy" rating on shares of T-Mobile US in a report on Wednesday, April 29th. Finally, Sanford C. Bernstein reissued a "neutral" rating on shares of T-Mobile US in a report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.