2,534 Shares in T-Mobile US, Inc. (NASDAQ:TMUS) Acquired by C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 2,534 shares of the Wireless communications provider’s stock, valued at approximately $559,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Barclays PLC increased its holdings in T-Mobile US by 38.3% in the third quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock valued at $653,160,000 after buying an additional 876,182 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of T-Mobile US by 21,580.9% in 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 acquiring an additional 248,828 shares during the last quarter. Gladstone Institutional Advisory LLC acquired a new stake in shares of T-Mobile US during the 4th quarter worth about $1,552,000. Trust Co. of Vermont lifted its stake in T-Mobile US by 11.9% during the fourth quarter. Trust Co. of Vermont now owns 26,972 shares of the Wireless communications provider’s stock worth $5,954,000 after purchasing an additional 2,865 shares during the last quarter. Finally, 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 valued at $52,631,000 after purchasing an additional 12,411 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on TMUS shares. Evercore ISI raised shares of T-Mobile US to a “strong-buy” rating in a report on Thursday, January 23rd. Bank of America boosted their price target on shares of T-Mobile US from $240.00 to $255.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Scotiabank raised their price objective on T-Mobile US from $234.00 to $247.00 and gave the stock a “sector perform” rating in a report on Thursday, January 30th. Wells Fargo & Company boosted their target price on T-Mobile US from $220.00 to $235.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. Finally, Oppenheimer raised their price target on T-Mobile US from $250.00 to $275.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $251.79.

Insider Buying and Selling

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

T-Mobile US Price Performance

Shares of TMUS opened at $263.35 on Thursday. The firm has a market capitalization of $300.68 billion, a PE ratio of 27.23, a P/E/G ratio of 1.58 and a beta of 0.56. The stock’s 50 day moving average is $229.68 and its two-hundred day moving average is $220.35. T-Mobile US, Inc. has a twelve month low of $158.84 and a twelve month 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.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data 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 return on equity of 18.09% and a net margin of 13.93%. Research analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be paid a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US’s dividend payout ratio (DPR) is 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.