Steward Partners Investment Advisory LLC Has $18.25 Million Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Steward Partners Investment Advisory LLC increased its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 3.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 82,663 shares of the Wireless communications provider’s stock after acquiring an additional 2,617 shares during the period. Steward Partners Investment Advisory LLC’s holdings in T-Mobile US were worth $18,246,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Gryphon Financial Partners LLC boosted its position in T-Mobile US by 25.2% during the 4th quarter. Gryphon Financial Partners LLC now owns 1,476 shares of the Wireless communications provider’s stock worth $326,000 after acquiring an additional 297 shares during the last quarter. Fidelis Capital Partners LLC lifted its position in shares of T-Mobile US by 3.5% in the fourth quarter. Fidelis Capital Partners LLC now owns 2,963 shares of the Wireless communications provider’s stock worth $705,000 after purchasing an additional 99 shares in the last quarter. LGT Fund Management Co Ltd. boosted its holdings in T-Mobile US by 102.1% during the fourth quarter. LGT Fund Management Co Ltd. now owns 23,733 shares of the Wireless communications provider’s stock worth $5,239,000 after purchasing an additional 11,987 shares during the last quarter. Plato Investment Management Ltd grew its position in T-Mobile US by 17.4% in the fourth quarter. Plato Investment Management Ltd now owns 16,742 shares of the Wireless communications provider’s stock valued at $3,709,000 after purchasing an additional 2,478 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in T-Mobile US during the 4th quarter worth about $769,000. 42.49% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TMUS. Sanford C. Bernstein assumed coverage on T-Mobile US in a report on Tuesday, December 10th. They issued a “market perform” rating and a $265.00 price objective for the company. JPMorgan Chase & Co. boosted their price target on T-Mobile US from $250.00 to $265.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Scotiabank increased their price objective on T-Mobile US from $247.00 to $275.00 and gave the company a “sector perform” rating in a report on Monday. Morgan Stanley started coverage on shares of T-Mobile US in a report on Monday, December 16th. They set an “overweight” rating and a $280.00 target price on the stock. Finally, Benchmark reiterated a “buy” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Seven analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $253.26.

Insider Transactions at T-Mobile US

In related news, Director Andre Almeida purchased 3,808 shares of T-Mobile US stock in a transaction dated Monday, December 9th. The shares were bought 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 in the company, valued at approximately $897,621.76. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Letitia A. Long sold 1,100 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $231.08, for a total transaction of $254,188.00. Following the transaction, the director now owns 5,653 shares of the company’s stock, valued at approximately $1,306,295.24. This represents a 16.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.67% of the stock is owned by insiders.

T-Mobile US Price Performance

Shares of NASDAQ TMUS opened at $264.65 on Wednesday. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. The business’s 50 day moving average is $237.38 and its 200-day moving average is $225.22. T-Mobile US, Inc. has a 1-year low of $158.84 and a 1-year high of $276.49. The firm has a market cap of $302.16 billion, a P/E ratio of 27.37, a price-to-earnings-growth ratio of 1.55 and a beta of 0.56.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS 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%. Equities research analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders 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 annualized dividend and a dividend yield of 1.33%. T-Mobile US’s payout ratio is 36.40%.

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.