Delta Financial Group Inc. Invests $379,000 in T-Mobile US, Inc. (NASDAQ:TMUS)

Delta Financial Group Inc. bought a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,715 shares of the Wireless communications provider’s stock, valued at approximately $379,000.

A number of other institutional investors have also bought and sold shares of the company. Barclays PLC boosted its holdings in shares of T-Mobile US by 38.3% during the 3rd quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock worth $653,160,000 after buying an additional 876,182 shares in the last quarter. International Assets Investment Management LLC boosted its stake in T-Mobile US by 21,580.9% during the third quarter. International Assets Investment Management LLC now owns 249,981 shares of the Wireless communications provider’s stock worth $51,586,000 after acquiring an additional 248,828 shares in the last quarter. Gladstone Institutional Advisory LLC acquired a new stake in T-Mobile US in the fourth quarter worth $1,552,000. Trust Co. of Vermont grew its holdings in 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 purchasing an additional 2,865 shares during the period. Finally, Swedbank AB increased its stake in T-Mobile US by 5.1% in the third quarter. Swedbank AB now owns 255,044 shares of the Wireless communications provider’s stock valued at $52,631,000 after purchasing an additional 12,411 shares in the last quarter. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Trading Down 0.1 %

Shares of T-Mobile US stock opened at $265.17 on Monday. The stock has a market capitalization of $302.76 billion, a P/E ratio of 27.42, a P/E/G ratio of 1.55 and a beta of 0.56. T-Mobile US, Inc. has a 52-week low of $158.84 and a 52-week high of $271.41. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. The stock’s 50-day simple moving average is $230.98 and its 200 day simple moving average is $221.64.

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 (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. As a group, research analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US’s payout ratio is currently 36.40%.

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Letitia A. Long sold 1,100 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $231.08, for a total value of $254,188.00. Following the completion of the transaction, the director now owns 5,653 shares in the company, valued at $1,306,295.24. This trade represents a 16.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Andre Almeida purchased 3,808 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were bought 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 approximately $897,621.76. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 3,100 shares of company stock valued at $747,378 over the last three months. Company insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TMUS. Royal Bank of Canada raised their target price on T-Mobile US from $240.00 to $245.00 and gave the company a “sector perform” rating in a research note on Thursday, January 30th. Evercore ISI upgraded T-Mobile US to a “strong-buy” rating in a report on Thursday, January 23rd. Sanford C. Bernstein assumed coverage on T-Mobile US in a report on Tuesday, December 10th. They set a “market perform” rating and a $265.00 price objective for the company. Morgan Stanley started coverage on T-Mobile US in a report on Monday, December 16th. They issued an “overweight” rating and a $280.00 target price on the stock. Finally, Tigress Financial lifted their price target on shares of T-Mobile US from $280.00 to $290.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Seven analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, T-Mobile US has an average rating of “Moderate Buy” and an average price target of $251.79.

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.