Janney Montgomery Scott LLC Invests $25.48 Million in T-Mobile US, Inc. (NASDAQ:TMUS)

Janney Montgomery Scott LLC bought a new stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 158,944 shares of the Wireless communications provider's stock, valued at approximately $25,483,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Clearbridge Investments LLC raised its stake in T-Mobile US by 243.9% in the 3rd quarter. Clearbridge Investments LLC now owns 2,920,668 shares of the Wireless communications provider's stock valued at $409,040,000 after purchasing an additional 2,071,489 shares during the last quarter. Canada Pension Plan Investment Board raised its holdings in T-Mobile US by 90.5% in the third quarter. Canada Pension Plan Investment Board now owns 2,506,127 shares of the Wireless communications provider's stock valued at $350,983,000 after buying an additional 1,190,813 shares during the period. Third Point LLC acquired a new position in T-Mobile US during the third quarter valued at approximately $140,050,000. Royal Bank of Canada increased its position in shares of T-Mobile US by 7.1% in the third quarter. Royal Bank of Canada now owns 10,505,308 shares of the Wireless communications provider's stock worth $1,471,269,000 after acquiring an additional 693,443 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of T-Mobile US by 67.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,614,036 shares of the Wireless communications provider's stock valued at $226,046,000 after acquiring an additional 649,178 shares during the period. Institutional investors and hedge funds own 42.49% of the company's stock.

Insider Activity

In related news, EVP Mark Wolfe Nelson sold 13,872 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $160.27, for a total value of $2,223,265.44. Following the completion of the transaction, the executive vice president now owns 107,328 shares in the company, valued at approximately $17,201,458.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of the company's stock in a transaction on Monday, May 13th. The stock was sold at an average price of $163.20, for a total value of $3,264,000.00. Following the transaction, the chief executive officer now owns 458,124 shares of the company's stock, valued at $74,765,836.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Mark Wolfe Nelson sold 13,872 shares of the company's stock in a transaction on Friday, February 16th. The shares were sold at an average price of $160.27, for a total value of $2,223,265.44. Following the sale, the executive vice president now directly owns 107,328 shares of the company's stock, valued at $17,201,458.56. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,696,347 shares of company stock valued at $1,089,188,614. Company insiders own 0.70% of the company's stock.

T-Mobile US Stock Performance

TMUS traded up $0.90 during trading hours on Thursday, hitting $163.58. 3,201,139 shares of the stock were exchanged, compared to its average volume of 4,535,314. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.94 and a quick ratio of 0.86. T-Mobile US, Inc. has a 12 month low of $124.92 and a 12 month high of $168.64. The stock has a 50-day simple moving average of $162.47 and a 200-day simple moving average of $159.17. The stock has a market cap of $191.69 billion, a price-to-earnings ratio of 22.24, a price-to-earnings-growth ratio of 0.64 and a beta of 0.48.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 EPS for the quarter, beating analysts' consensus estimates of $1.83 by $0.17. The company had revenue of $19.59 billion during the quarter, compared to the consensus estimate of $19.81 billion. T-Mobile US had a return on equity of 13.61% and a net margin of 11.15%. During the same period in the previous year, the firm posted $1.58 earnings per share. T-Mobile US's quarterly revenue was down .2% compared to the same quarter last year. Analysts anticipate that T-Mobile US, Inc. will post 9.01 earnings per share for the current year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Friday, May 31st will be paid a $0.65 dividend. The ex-dividend date is Friday, May 31st. This represents a $2.60 annualized dividend and a dividend yield of 1.59%. T-Mobile US's payout ratio is 35.37%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Raymond James upped their target price on T-Mobile US from $180.00 to $185.00 and gave the stock a "strong-buy" rating in a research report on Friday, January 26th. Wells Fargo & Company boosted their price objective on shares of T-Mobile US from $175.00 to $185.00 and gave the stock an "overweight" rating in a report on Monday, January 22nd. KeyCorp upped their price objective on shares of T-Mobile US from $175.00 to $185.00 and gave the company an "overweight" rating in a research report on Friday, April 26th. Citigroup boosted their price target on T-Mobile US from $176.00 to $184.00 and gave the stock a "buy" rating in a research note on Monday, March 25th. Finally, Benchmark reissued a "buy" rating and issued a $200.00 price target on shares of T-Mobile US in a report on Friday, January 26th. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $186.33.

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.