Freestone Grove Partners LP Buys Shares of 3,567 T-Mobile US, Inc. (NASDAQ:TMUS)

Freestone Grove Partners LP bought a new stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,567 shares of the Wireless communications provider's stock, valued at approximately $787,000.

Several other hedge funds and other institutional investors have also modified their holdings of TMUS. Rakuten Securities Inc. grew its stake in T-Mobile US by 93.9% during the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider's stock valued at $28,000 after acquiring an additional 62 shares in the last quarter. CoreFirst Bank & Trust acquired a new stake in shares of T-Mobile US during the fourth quarter worth 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 increased its stake in T-Mobile US by 79.3% in the 4th quarter. Bruce G. Allen Investments LLC now owns 165 shares of the Wireless communications provider's stock valued at $36,000 after buying an additional 73 shares during the period. Finally, Albion Financial Group UT purchased a new stake in T-Mobile US in the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 42.49% of the company's stock.

T-Mobile US Trading Up 0.8 %

Shares of T-Mobile US stock opened at $248.88 on Friday. T-Mobile US, Inc. has a 1 year low of $161.61 and a 1 year high of $276.49. The company's fifty day simple moving average is $258.13 and its 200-day simple moving average is $241.76. The company has a market cap of $282.59 billion, a price-to-earnings ratio of 25.74, a PEG ratio of 1.55 and a beta of 0.69. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.10. The company had revenue of $20.89 billion for 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 last year, the business posted $2.00 EPS. As a group, sell-side analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Friday, May 30th will be given a $0.88 dividend. The ex-dividend date is Friday, May 30th. This represents a $3.52 annualized dividend and a yield of 1.41%. T-Mobile US's dividend payout ratio (DPR) is currently 34.34%.

Insider Transactions at T-Mobile US

In other news, Director Srikant M. Datar sold 730 shares of the 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 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.67% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TMUS. Barclays upped their price target on shares of T-Mobile US from $230.00 to $250.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. Bank of America upped their target price on T-Mobile US from $240.00 to $255.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. Royal Bank of Canada lifted their price target on T-Mobile US from $245.00 to $260.00 and gave the company a "sector perform" rating in a report on Friday, March 21st. Benchmark restated a "buy" rating and issued a $275.00 price objective on shares of T-Mobile US in a report on Thursday, March 27th. Finally, Citigroup cut shares of T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 target price for the company. in a research note on Friday, March 14th. 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 stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $257.68.

T-Mobile US Company 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.

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