Wick Capital Partners LLC Increases Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Wick Capital Partners LLC raised its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 539.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 8,351 shares of the Wireless communications provider's stock after purchasing an additional 7,045 shares during the quarter. Wick Capital Partners LLC's holdings in T-Mobile US were worth $1,843,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Barclays PLC boosted its holdings in T-Mobile US by 38.3% in the third quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider's stock worth $653,160,000 after purchasing an additional 876,182 shares during the last quarter. Gladstone Institutional Advisory LLC purchased a new position in shares of T-Mobile US in the 4th quarter worth $1,552,000. Trust Co. of Vermont grew its holdings in shares of T-Mobile US by 11.9% in the fourth quarter. Trust Co. of Vermont now owns 26,972 shares of the Wireless communications provider's stock worth $5,954,000 after acquiring an additional 2,865 shares during the period. Rice Partnership LLC purchased a new stake in T-Mobile US during the fourth quarter valued at $7,678,000. Finally, Exchange Traded Concepts LLC lifted its holdings in T-Mobile US by 737.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 56,521 shares of the Wireless communications provider's stock valued at $12,476,000 after acquiring an additional 49,775 shares during the period. Hedge funds and other institutional investors own 42.49% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on TMUS shares. Bank of America lifted their target price on T-Mobile US from $240.00 to $255.00 and gave the company a "buy" rating in a research report on Thursday, January 30th. Barclays boosted their price objective on T-Mobile US from $230.00 to $250.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Tigress Financial increased their target price on shares of T-Mobile US from $290.00 to $305.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. Royal Bank of Canada lifted their price target on shares of T-Mobile US from $245.00 to $260.00 and gave the company a "sector perform" rating in a report on Friday, March 21st. Finally, Hsbc Global Res cut shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Ten investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $257.68.

T-Mobile US Stock Performance

Shares of TMUS traded down $1.70 during mid-day trading on Monday, hitting $247.19. 692,875 shares of the company's stock were exchanged, compared to its average volume of 4,234,755. The firm has a market cap of $280.66 billion, a price-to-earnings ratio of 25.56, a price-to-earnings-growth ratio of 1.55 and a beta of 0.69. The stock's 50-day simple moving average is $258.13 and its 200-day simple moving average is $241.90. T-Mobile US, Inc. has a 52 week low of $161.61 and a 52 week high of $276.49. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced 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 for the quarter, compared to analysts' expectations of $20.67 billion. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. The firm's revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the business posted $2.00 earnings per share. On average, equities research analysts expect that T-Mobile US, Inc. will post 10.37 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 12th. Shareholders 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 1.42%. T-Mobile US's dividend payout ratio is currently 34.34%.

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 dated 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 owns 3,291 shares in the company, valued at $865,533. This trade represents a 18.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.67% of the stock is currently owned by corporate insiders.

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.