Summit Financial LLC Buys 238 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Summit Financial LLC lifted its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 7.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,585 shares of the Wireless communications provider’s stock after purchasing an additional 238 shares during the period. Summit Financial LLC’s holdings in T-Mobile US were worth $791,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of TMUS. Dunhill Financial LLC raised its holdings in T-Mobile US by 76.7% during the 3rd quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock worth $27,000 after purchasing an additional 56 shares during the last quarter. Rakuten Securities Inc. grew its position in shares of T-Mobile US by 93.9% during the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 62 shares during the period. CoreFirst Bank & Trust acquired a new stake in shares of T-Mobile US during the 4th quarter worth approximately $28,000. Financial Life Planners bought a new stake in shares of T-Mobile US during the fourth quarter worth approximately $29,000. Finally, Legacy Investment Solutions LLC acquired a new position in T-Mobile US in the third quarter valued at approximately $34,000. 42.49% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Srikant M. Datar sold 730 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total transaction of $191,990.00. Following the transaction, the director now directly owns 3,291 shares in the company, valued at approximately $865,533. The trade was a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.67% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Sanford C. Bernstein assumed coverage on shares of T-Mobile US in a research report on Tuesday, December 10th. They set a “market perform” rating and a $265.00 target price for the company. Benchmark reissued a “buy” rating and issued a $275.00 target price on shares of T-Mobile US in a research note on Thursday, March 27th. Hsbc Global Res lowered T-Mobile US from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 5th. KeyCorp downgraded shares of T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 price target on the stock. in a research report on Thursday, December 12th. Finally, Tigress Financial reaffirmed a “buy” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Eleven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, T-Mobile US presently has a consensus rating of “Moderate Buy” and an average price target of $256.80.

T-Mobile US Stock Performance

Shares of TMUS opened at $264.56 on Thursday. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. T-Mobile US, Inc. has a 12 month low of $159.14 and a 12 month high of $276.49. The firm has a fifty day simple moving average of $255.79 and a 200 day simple moving average of $234.26. The stock has a market capitalization of $302.06 billion, a price-to-earnings ratio of 27.36, a PEG ratio of 1.55 and a beta of 0.63.

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

T-Mobile US Announces Dividend

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

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.