Convergence Investment Partners LLC Increases Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Convergence Investment Partners LLC grew its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 297.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 5,954 shares of the Wireless communications provider’s stock after acquiring an additional 4,456 shares during the quarter. Convergence Investment Partners LLC’s holdings in T-Mobile US were worth $1,314,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Davidson Investment Advisors raised its position in shares of T-Mobile US by 1.3% during the 4th quarter. Davidson Investment Advisors now owns 122,926 shares of the Wireless communications provider’s stock worth $27,133,000 after acquiring an additional 1,531 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of T-Mobile US during the 4th quarter worth about $559,000. Key Financial Inc raised its position in shares of T-Mobile US by 49.4% during the 4th quarter. Key Financial Inc now owns 378 shares of the Wireless communications provider’s stock worth $83,000 after acquiring an additional 125 shares in the last quarter. Kestra Investment Management LLC acquired a new stake in shares of T-Mobile US during the 4th quarter worth about $50,000. Finally, Atria Wealth Solutions Inc. raised its position in shares of T-Mobile US by 13.0% during the 4th quarter. Atria Wealth Solutions Inc. now owns 17,005 shares of the Wireless communications provider’s stock worth $3,754,000 after acquiring an additional 1,950 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Stock Up 0.1 %

T-Mobile US stock opened at $263.35 on Thursday. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. T-Mobile US, Inc. has a 1-year low of $158.84 and a 1-year high of $271.41. The company has a market cap of $300.68 billion, a PE ratio of 27.23, a price-to-earnings-growth ratio of 1.58 and a beta of 0.56. The stock’s 50 day moving average price is $229.68 and its 200 day moving average price is $220.35.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results 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 return on equity of 18.09% and a net margin of 13.93%. On average, sell-side analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.34%. T-Mobile US’s dividend payout ratio (DPR) is presently 36.40%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on TMUS shares. KeyCorp lowered T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 target price on the stock. in a research report on Thursday, December 12th. The Goldman Sachs Group lifted their price target on T-Mobile US from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Tigress Financial lifted their price target on T-Mobile US from $280.00 to $290.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. TD Cowen lifted their price target on T-Mobile US from $216.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Daiwa America raised T-Mobile US to a “hold” rating in a research report on Friday, October 25th. Seven investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $251.79.

Insider Activity at T-Mobile US

In related news, Director Srikant M. Datar sold 1,000 shares of T-Mobile US stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $246.00, for a total value of $246,000.00. Following the sale, the director now directly owns 4,021 shares in the company, valued at $989,166. The trade was a 19.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Andre Almeida bought 3,808 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were purchased at an average price of $235.72 per share, for a total transaction of $897,621.76. Following the completion of the transaction, the director now owns 3,808 shares of the company’s stock, valued at $897,621.76. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 3,100 shares of company stock worth $747,378 over the last three months. 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.