Bruce G. Allen Investments LLC Increases Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Bruce G. Allen Investments LLC boosted its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 79.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 165 shares of the Wireless communications provider’s stock after acquiring an additional 73 shares during the quarter. Bruce G. Allen Investments LLC’s holdings in T-Mobile US were worth $36,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Ashton Thomas Private Wealth LLC purchased a new stake in shares of T-Mobile US during the 2nd quarter valued at about $95,000. PFG Investments LLC purchased a new stake in T-Mobile US during the 2nd quarter worth $220,000. MGO One Seven LLC boosted its position in T-Mobile US by 120.0% in the 2nd quarter. MGO One Seven LLC now owns 6,131 shares of the Wireless communications provider’s stock valued at $1,080,000 after buying an additional 3,344 shares during the last quarter. LPL Financial LLC grew its stake in shares of T-Mobile US by 20.0% during the second quarter. LPL Financial LLC now owns 307,913 shares of the Wireless communications provider’s stock valued at $54,248,000 after acquiring an additional 51,307 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. lifted its stake in shares of T-Mobile US by 38.6% in the second quarter. Hazlett Burt & Watson Inc. now owns 933 shares of the Wireless communications provider’s stock worth $165,000 after acquiring an additional 260 shares in the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other T-Mobile US news, EVP Mark Wolfe Nelson sold 42,769 shares of T-Mobile US stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $216.26, for a total value of $9,249,223.94. Following the transaction, the executive vice president now owns 61,871 shares in the company, valued at approximately $13,380,222.46. The trade was a 40.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Raul Marcelo Claure sold 110,000 shares of the stock in a transaction on Monday, November 4th. The shares were sold at an average price of $224.30, for a total value of $24,673,000.00. Following the sale, the director now owns 1,441,204 shares of the company’s stock, valued at $323,262,057.20. This trade represents a 7.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 206,969 shares of company stock valued at $46,656,527 over the last quarter. Corporate insiders own 0.67% of the company’s stock.

Analyst Upgrades and Downgrades

TMUS has been the topic of several analyst reports. Morgan Stanley initiated coverage on T-Mobile US in a report on Monday, December 16th. They set an “overweight” rating and a $280.00 price objective on the stock. Daiwa America raised shares of T-Mobile US to a “hold” rating in a report on Friday, October 25th. Barclays raised their price objective on shares of T-Mobile US from $215.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. UBS Group upped their target price on shares of T-Mobile US from $210.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, Citigroup boosted their price objective on T-Mobile US from $210.00 to $254.00 and gave the company a “buy” rating in a report on Monday, October 21st. Seven equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $245.74.

T-Mobile US Stock Performance

TMUS stock traded down $4.79 on Friday, reaching $210.73. The company’s stock had a trading volume of 2,590,030 shares, compared to its average volume of 3,641,299. T-Mobile US, Inc. has a 52 week low of $158.84 and a 52 week high of $248.15. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99. The company has a market capitalization of $244.55 billion, a P/E ratio of 24.03, a price-to-earnings-growth ratio of 1.18 and a beta of 0.56. The firm has a fifty day moving average of $230.65 and a two-hundred day moving average of $208.71.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, beating analysts’ consensus estimates of $2.32 by $0.29. The company had revenue of $20.16 billion for the quarter, compared to analyst estimates of $20.01 billion. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the company earned $1.82 earnings per share. As a group, analysts predict that T-Mobile US, Inc. will post 9.38 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Friday, February 28th will be paid a dividend of $0.88 per share. The ex-dividend date is Friday, February 28th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.67%. T-Mobile US’s dividend payout ratio is presently 40.14%.

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.