Wingate Wealth Advisors Inc. Invests $102,000 in T-Mobile US, Inc. (NASDAQ:TMUS)

Wingate Wealth Advisors Inc. bought a new position in T-Mobile US, Inc. (NASDAQ:TMUS) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 461 shares of the Wireless communications provider’s stock, valued at approximately $102,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Ferguson Wellman Capital Management Inc. boosted its holdings in shares of T-Mobile US by 1.3% in the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 245,543 shares of the Wireless communications provider’s stock worth $54,199,000 after acquiring an additional 3,105 shares in the last quarter. Savant Capital LLC boosted its holdings in shares of T-Mobile US by 9.1% in the 4th quarter. Savant Capital LLC now owns 13,483 shares of the Wireless communications provider’s stock worth $2,976,000 after acquiring an additional 1,126 shares in the last quarter. Canvas Wealth Advisors LLC lifted its holdings in T-Mobile US by 3.9% during the 4th quarter. Canvas Wealth Advisors LLC now owns 1,712 shares of the Wireless communications provider’s stock worth $378,000 after buying an additional 64 shares in the last quarter. Wealthstar Advisors LLC acquired a new position in T-Mobile US during the 4th quarter worth $1,710,000. Finally, Tevis Investment Management bought a new stake in shares of T-Mobile US during the 4th quarter valued at $383,000. 42.49% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at T-Mobile US

In other news, Director Andre Almeida bought 3,808 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was acquired at an average cost of $235.72 per share, for a total transaction of $897,621.76. Following the purchase, the director now owns 3,808 shares of the company’s stock, valued at approximately $897,621.76. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Srikant M. Datar sold 1,000 shares of the firm’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $246.00, for a total transaction of $246,000.00. Following the completion of the sale, the director now owns 4,021 shares of the company’s stock, valued at $989,166. This trade represents a 19.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,100 shares of company stock worth $747,378 in the last three months. Insiders own 0.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on TMUS. Oppenheimer upped their target price on shares of T-Mobile US from $250.00 to $275.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Raymond James cut shares of T-Mobile US from an “outperform” rating to a “market perform” rating in a research report on Friday, October 25th. Royal Bank of Canada upped their price objective on shares of T-Mobile US from $240.00 to $245.00 and gave the company a “sector perform” rating in a research report on Thursday, January 30th. Sanford C. Bernstein started coverage on shares of T-Mobile US in a research report on Tuesday, December 10th. They issued a “market perform” rating and a $265.00 price objective for the company. Finally, Wells Fargo & Company upped their price objective on shares of T-Mobile US from $220.00 to $235.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. Seven analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $251.79.

T-Mobile US Trading Up 3.9 %

T-Mobile US stock opened at $255.83 on Tuesday. The firm has a 50-day moving average of $225.96 and a 200-day moving average of $215.97. T-Mobile US, Inc. has a one year low of $158.84 and a one year high of $256.48. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. The company has a market cap of $292.09 billion, a price-to-earnings ratio of 26.46, a P/E/G ratio of 1.44 and a beta of 0.56.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. On average, equities analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be paid a dividend of $0.88 per share. The ex-dividend date is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.38%. T-Mobile US’s dividend payout ratio is 36.40%.

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.