Synergy Investment Management LLC Purchases Shares of 200 T-Mobile US, Inc. (NASDAQ:TMUS)

Synergy Investment Management LLC purchased a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 200 shares of the Wireless communications provider’s stock, valued at approximately $44,000.

A number of other institutional investors have also made changes to their positions in the stock. Charles Schwab Investment Management Inc. increased its position in shares of T-Mobile US by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,230,038 shares of the Wireless communications provider’s stock valued at $712,966,000 after acquiring an additional 85,012 shares during the last quarter. Steward Partners Investment Advisory LLC increased its position in shares of T-Mobile US by 3.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 82,663 shares of the Wireless communications provider’s stock valued at $18,246,000 after acquiring an additional 2,617 shares during the last quarter. Gryphon Financial Partners LLC increased its position in shares of T-Mobile US by 25.2% during the fourth quarter. Gryphon Financial Partners LLC now owns 1,476 shares of the Wireless communications provider’s stock valued at $326,000 after acquiring an additional 297 shares during the last quarter. Fidelis Capital Partners LLC increased its position in shares of T-Mobile US by 3.5% during the fourth quarter. Fidelis Capital Partners LLC now owns 2,963 shares of the Wireless communications provider’s stock valued at $705,000 after acquiring an additional 99 shares during the last quarter. Finally, LGT Fund Management Co Ltd. grew its holdings in shares of T-Mobile US by 102.1% in the fourth quarter. LGT Fund Management Co Ltd. now owns 23,733 shares of the Wireless communications provider’s stock valued at $5,239,000 after purchasing an additional 11,987 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. HSBC cut shares of T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 price objective for the company. in a report on Wednesday. Royal Bank of Canada restated a “sector perform” rating on shares of T-Mobile US in a report on Wednesday, February 26th. Evercore ISI upgraded shares of T-Mobile US to a “strong-buy” rating in a report on Thursday, January 23rd. KeyCorp cut shares of T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 price objective for the company. in a report on Thursday, December 12th. Finally, Oppenheimer lifted their price objective on shares of T-Mobile US from $250.00 to $275.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Eight investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $254.10.

T-Mobile US Stock Performance

NASDAQ:TMUS opened at $262.74 on Thursday. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. T-Mobile US, Inc. has a fifty-two week low of $158.84 and a fifty-two week high of $276.49. The stock has a market cap of $299.98 billion, a PE ratio of 27.17, a price-to-earnings-growth ratio of 1.55 and a beta of 0.56. The firm’s fifty day simple moving average is $238.17 and its 200-day simple moving average is $225.48.

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, 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%. 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 business 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 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 1.34%. T-Mobile US’s dividend payout ratio (DPR) is presently 36.40%.

Insider Buying and Selling

In other T-Mobile US news, Director Andre Almeida acquired 3,808 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were acquired at an average cost of $235.72 per share, for a total transaction of $897,621.76. Following the transaction, the director now directly owns 3,808 shares of the company’s stock, valued at approximately $897,621.76. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Letitia A. Long sold 1,100 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $231.08, for a total transaction of $254,188.00. Following the completion of the sale, the director now owns 5,653 shares in the company, valued at $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. Insiders own 0.67% of the company’s stock.

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.