Kestra Investment Management LLC Buys New Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Kestra Investment Management LLC purchased a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 224 shares of the Wireless communications provider’s stock, valued at approximately $50,000.

Several other hedge funds also recently modified their holdings of TMUS. Foundations Investment Advisors LLC increased its position in shares of T-Mobile US by 2.2% during the 3rd quarter. Foundations Investment Advisors LLC now owns 4,117 shares of the Wireless communications provider’s stock valued at $850,000 after purchasing an additional 90 shares during the period. Private Advisor Group LLC increased its position in shares of T-Mobile US by 7.0% during the 3rd quarter. Private Advisor Group LLC now owns 24,235 shares of the Wireless communications provider’s stock valued at $5,001,000 after purchasing an additional 1,592 shares during the period. International Assets Investment Management LLC increased its position in shares of T-Mobile US by 21,580.9% during the 3rd quarter. International Assets Investment Management LLC now owns 249,981 shares of the Wireless communications provider’s stock valued at $51,586,000 after purchasing an additional 248,828 shares during the period. Hennion & Walsh Asset Management Inc. increased its position in shares of T-Mobile US by 5.3% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 17,345 shares of the Wireless communications provider’s stock valued at $3,579,000 after purchasing an additional 878 shares during the period. Finally, Moody Aldrich Partners LLC acquired a new position in shares of T-Mobile US during the 3rd quarter valued at $298,000. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Price Performance

TMUS opened at $265.17 on Friday. The stock has a market cap of $302.76 billion, a price-to-earnings ratio of 27.42, a PEG ratio of 1.53 and a beta of 0.56. T-Mobile US, Inc. has a 1 year low of $158.84 and a 1 year high of $271.41. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. The stock has a fifty day moving average price of $230.98 and a 200 day moving average price of $221.21.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. Analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be given 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 yield of 1.33%. T-Mobile US’s payout ratio is 36.40%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. lifted their price target on T-Mobile US from $250.00 to $265.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Benchmark restated a “buy” rating and issued a $255.00 target price on shares of T-Mobile US in a report on Tuesday, January 28th. Raymond James cut T-Mobile US from an “outperform” rating to a “market perform” rating in a report on Friday, October 25th. Wells Fargo & Company lifted their target price on T-Mobile US from $220.00 to $235.00 and gave the stock an “equal weight” rating in a report on Thursday, January 30th. Finally, Evercore ISI upgraded T-Mobile US to a “strong-buy” rating in a report on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $251.79.

Insider Activity at T-Mobile US

In related news, Director Andre Almeida bought 3,808 shares of the business’s stock in a transaction on Monday, December 9th. The shares were bought at an average cost of $235.72 per share, for a total transaction of $897,621.76. Following the completion of the acquisition, the director now directly owns 3,808 shares in the company, valued at approximately $897,621.76. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Letitia A. Long sold 1,100 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $231.08, for a total value of $254,188.00. Following the transaction, the director now owns 5,653 shares in the company, valued at approximately $1,306,295.24. This trade represents a 16.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,100 shares of company stock valued at $747,378. 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.