Signature Estate & Investment Advisors LLC Increases Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Signature Estate & Investment Advisors LLC boosted its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 8.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 12,502 shares of the Wireless communications provider’s stock after acquiring an additional 986 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in T-Mobile US were worth $2,760,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Barclays PLC lifted its stake 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 purchasing an additional 876,182 shares during the last quarter. Gladstone Institutional Advisory LLC purchased a new position in T-Mobile US during the 4th quarter worth $1,552,000. Trust Co. of Vermont increased its position in T-Mobile US by 11.9% during the 4th quarter. Trust Co. of Vermont now owns 26,972 shares of the Wireless communications provider’s stock valued at $5,954,000 after buying an additional 2,865 shares in the last quarter. Swedbank AB boosted its holdings 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 worth $52,631,000 after acquiring an additional 12,411 shares in the last quarter. Finally, Rice Partnership LLC purchased a new stake in shares of T-Mobile US during the fourth quarter worth about $7,678,000. Institutional investors own 42.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Benchmark reiterated a “buy” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. HSBC downgraded 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 research note on Wednesday, March 5th. Scotiabank upped their target price on T-Mobile US from $247.00 to $275.00 and gave the company a “sector perform” rating in a research report on Monday, March 3rd. Sanford C. Bernstein started coverage on T-Mobile US in a research report on Tuesday, December 10th. They set a “market perform” rating and a $265.00 price target for the company. Finally, Tigress Financial reissued a “buy” rating on shares of T-Mobile US in a report on Wednesday, February 26th. Ten analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, T-Mobile US currently has a consensus rating of “Moderate Buy” and an average price target of $255.80.

T-Mobile US Stock Up 1.2 %

NASDAQ TMUS opened at $258.96 on Tuesday. T-Mobile US, Inc. has a one year low of $159.14 and a one year high of $276.49. 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 business has a fifty day moving average price of $249.10 and a 200 day moving average price of $231.22. The company has a market cap of $295.67 billion, a P/E ratio of 26.78, a P/E/G ratio of 1.55 and a beta of 0.64.

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 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 anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders of record on Friday, May 30th will be issued a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US’s payout ratio is currently 36.40%.

Insiders Place Their Bets

In related news, Director Srikant M. Datar sold 730 shares of the company’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 directly owns 3,291 shares in the company, valued at approximately $865,533. This represents a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.67% of the company’s stock.

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.