Wingate Wealth Advisors Inc. Purchases Shares of 461 T-Mobile US, Inc. (NASDAQ:TMUS)

Wingate Wealth Advisors Inc. purchased a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 461 shares of the Wireless communications provider’s stock, valued at approximately $102,000.

Several other large investors have also recently bought and sold shares of the stock. Wellington Management Group LLP raised its holdings in T-Mobile US by 4.0% in the 3rd quarter. Wellington Management Group LLP now owns 15,524,529 shares of the Wireless communications provider’s stock valued at $3,203,642,000 after acquiring an additional 602,786 shares during the period. FMR LLC raised its holdings in T-Mobile US by 13.4% in the 3rd quarter. FMR LLC now owns 12,893,770 shares of the Wireless communications provider’s stock valued at $2,660,758,000 after acquiring an additional 1,522,394 shares during the period. Franklin Resources Inc. increased its holdings in shares of T-Mobile US by 9.9% during the third quarter. Franklin Resources Inc. now owns 6,553,703 shares of the Wireless communications provider’s stock worth $1,448,426,000 after purchasing an additional 590,711 shares during the period. Barclays PLC increased its holdings in shares of T-Mobile US by 38.3% during the third 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 period. Finally, Principal Financial Group Inc. increased its holdings in shares of T-Mobile US by 2.5% during the third quarter. Principal Financial Group Inc. now owns 1,978,567 shares of the Wireless communications provider’s stock worth $408,297,000 after purchasing an additional 47,350 shares during the period. 42.49% of the stock is owned by institutional investors.

Insider Transactions at T-Mobile US

In other news, Director Srikant M. Datar sold 1,000 shares of T-Mobile US stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $247.19, for a total transaction of $247,190.00. Following the transaction, the director now owns 5,021 shares in the company, valued at approximately $1,241,140.99. The trade was a 16.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Andre Almeida purchased 3,808 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were acquired at an average price of $235.72 per share, for a total transaction of $897,621.76. Following the acquisition, the director now owns 3,808 shares of the company’s stock, valued at $897,621.76. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 3,100 shares of company stock worth $747,378. Company insiders own 0.67% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Raymond James cut shares of T-Mobile US from an “outperform” rating to a “market perform” rating in a report on Friday, October 25th. Morgan Stanley assumed 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. JPMorgan Chase & Co. raised their target price on shares of T-Mobile US from $250.00 to $265.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. KeyCorp cut shares of T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 target price on the stock. in a report on Thursday, December 12th. Finally, Barclays raised their target price on shares of T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Seven equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $251.79.

T-Mobile US Stock Performance

Shares of T-Mobile US stock opened at $255.83 on Tuesday. T-Mobile US, Inc. has a fifty-two week low of $158.84 and a fifty-two week high of $256.48. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. The firm has a market capitalization of $292.09 billion, a P/E ratio of 26.46, a P/E/G ratio of 1.44 and a beta of 0.56. The company’s 50 day moving average price is $225.96 and its two-hundred day moving average price is $215.97.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results 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%. On average, equities analysts forecast 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 declared a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be issued a dividend of $0.88 per share. The ex-dividend date of this dividend 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 (DPR) 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.