Sciencast Management LP Buys New Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Sciencast Management LP purchased a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the fourth quarter, HoldingsChannel reports. The firm purchased 13,781 shares of the Wireless communications provider’s stock, valued at approximately $3,042,000. T-Mobile US makes up about 0.8% of Sciencast Management LP’s portfolio, making the stock its 23rd biggest holding.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Signaturefd LLC raised its holdings in T-Mobile US by 0.4% in the 4th quarter. Signaturefd LLC now owns 11,324 shares of the Wireless communications provider’s stock valued at $2,499,000 after buying an additional 41 shares during the last quarter. JSF Financial LLC raised its stake in shares of T-Mobile US by 0.9% during the fourth quarter. JSF Financial LLC now owns 5,062 shares of the Wireless communications provider’s stock valued at $1,117,000 after acquiring an additional 44 shares during the last quarter. D Orazio & Associates Inc. lifted its holdings in shares of T-Mobile US by 3.7% during the fourth quarter. D Orazio & Associates Inc. now owns 1,316 shares of the Wireless communications provider’s stock worth $290,000 after purchasing an additional 47 shares during the period. Warren Street Wealth Advisors LLC grew its stake in shares of T-Mobile US by 4.3% in the fourth quarter. Warren Street Wealth Advisors LLC now owns 1,141 shares of the Wireless communications provider’s stock worth $252,000 after purchasing an additional 47 shares during the last quarter. Finally, Relyea Zuckerberg Hanson LLC grew its stake in shares of T-Mobile US by 3.9% in the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 1,286 shares of the Wireless communications provider’s stock worth $284,000 after purchasing an additional 48 shares during the last quarter. Institutional investors own 42.49% of the company’s stock.

Analyst Upgrades and Downgrades

TMUS has been the topic of several recent research reports. Royal Bank of Canada lifted their target price on T-Mobile US from $245.00 to $260.00 and gave the stock a “sector perform” rating in a report on Friday. Citigroup lowered T-Mobile US from a “buy” rating to a “neutral” rating and set a $268.00 price objective on the stock. in a research note on Friday, March 14th. Benchmark reissued a “buy” rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Sanford C. Bernstein began coverage on shares of T-Mobile US in a research report on Tuesday, December 10th. They issued a “market perform” rating and a $265.00 price target on the stock. Finally, Bank of America upped their price objective on shares of T-Mobile US from $240.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Ten analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $255.80.

Insider Activity at T-Mobile US

In other news, Director Srikant M. Datar sold 730 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total value of $191,990.00. Following the transaction, the director now owns 3,291 shares in the company, valued at $865,533. This trade represents a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.67% of the stock is owned by insiders.

T-Mobile US Trading Down 0.5 %

Shares of T-Mobile US stock opened at $255.84 on Friday. The stock has a market capitalization of $292.10 billion, a PE ratio of 26.46, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64. T-Mobile US, Inc. has a 52 week low of $158.84 and a 52 week high of $276.49. The stock has a 50 day moving average price of $248.19 and a two-hundred day moving average price of $230.36. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91.

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, equities analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be issued a $0.88 dividend. The ex-dividend date is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.38%. T-Mobile US’s dividend payout ratio is presently 36.40%.

T-Mobile US 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.