CFC Planning Co LLC Buys Shares of 2,157 T-Mobile US, Inc. (NASDAQ:TMUS)

CFC Planning Co LLC bought a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,157 shares of the Wireless communications provider’s stock, valued at approximately $476,000.

Other institutional investors also recently modified their holdings of the company. FMR LLC raised its holdings in T-Mobile US by 13.4% in the 3rd quarter. FMR LLC now owns 12,893,770 shares of the Wireless communications provider’s stock valued at $2,660,758,000 after buying an additional 1,522,394 shares during the last quarter. Barclays PLC increased its position in T-Mobile US by 38.3% in the 3rd quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock valued at $653,160,000 after acquiring an additional 876,182 shares during the period. Wellington Management Group LLP raised its stake in shares of T-Mobile US by 4.0% during the third quarter. Wellington Management Group LLP now owns 15,524,529 shares of the Wireless communications provider’s stock valued at $3,203,642,000 after acquiring an additional 602,786 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of T-Mobile US by 9.9% during the third quarter. Franklin Resources Inc. now owns 6,553,703 shares of the Wireless communications provider’s stock worth $1,448,426,000 after purchasing an additional 590,711 shares during the period. Finally, Nordea Investment Management AB grew its stake in shares of T-Mobile US by 36.9% in the fourth quarter. Nordea Investment Management AB now owns 1,473,540 shares of the Wireless communications provider’s stock worth $324,960,000 after purchasing an additional 397,345 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on TMUS shares. KeyCorp lowered T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 target price for the company. in a research report on Thursday, December 12th. Evercore ISI raised T-Mobile US to a “strong-buy” rating in a research note on Thursday, January 23rd. Bank of America upped their target price on T-Mobile US from $240.00 to $255.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Scotiabank raised their price target on shares of T-Mobile US from $234.00 to $247.00 and gave the stock a “sector perform” rating in a report on Thursday, January 30th. Finally, JPMorgan Chase & Co. upped their price objective on shares of T-Mobile US from $250.00 to $265.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Seven research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, T-Mobile US has a consensus rating of “Moderate Buy” and a consensus price target of $251.79.

T-Mobile US Price Performance

Shares of TMUS opened at $265.08 on Friday. The business’s fifty day moving average is $226.70 and its 200 day moving average is $217.39. T-Mobile US, Inc. has a 12-month low of $158.84 and a 12-month high of $266.00. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. The stock has a market cap of $302.65 billion, a P/E ratio of 27.41, a P/E/G ratio of 1.44 and a beta of 0.56.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, beating 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%. Sell-side analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders 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 yield of 1.33%. T-Mobile US’s dividend payout ratio (DPR) is currently 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.