Harbour Investments Inc. Buys 94 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Harbour Investments Inc. raised its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 10.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,009 shares of the Wireless communications provider’s stock after acquiring an additional 94 shares during the quarter. Harbour Investments Inc.’s holdings in T-Mobile US were worth $223,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Envestnet Portfolio Solutions Inc. raised its holdings in T-Mobile US by 10.8% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 28,181 shares of the Wireless communications provider’s stock valued at $6,220,000 after acquiring an additional 2,754 shares during the period. Choate Investment Advisors raised its holdings in T-Mobile US by 22.7% in the 4th quarter. Choate Investment Advisors now owns 1,447 shares of the Wireless communications provider’s stock valued at $319,000 after acquiring an additional 268 shares during the period. Frank Rimerman Advisors LLC raised its holdings in T-Mobile US by 8.5% in the 4th quarter. Frank Rimerman Advisors LLC now owns 6,248 shares of the Wireless communications provider’s stock valued at $1,379,000 after acquiring an additional 492 shares during the period. Greykasell Wealth Strategies Inc. bought a new position in T-Mobile US in the 4th quarter valued at about $1,380,000. Finally, Buckley Wealth Management LLC raised its holdings in T-Mobile US by 1.2% in the 4th quarter. Buckley Wealth Management LLC now owns 5,430 shares of the Wireless communications provider’s stock valued at $1,199,000 after acquiring an additional 62 shares during the period. 42.49% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on TMUS shares. Benchmark reaffirmed a “buy” rating on shares of T-Mobile US in a report on Wednesday, February 26th. Bank of America raised their target price on shares of T-Mobile US from $240.00 to $255.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Citigroup cut shares of T-Mobile US from a “buy” rating to a “neutral” rating and set a $268.00 target price on the stock. in a report on Friday, March 14th. Scotiabank raised their target price on shares of T-Mobile US from $247.00 to $275.00 and gave the stock a “sector perform” rating in a report on Monday, March 3rd. Finally, Oppenheimer raised their target price on shares of T-Mobile US from $250.00 to $275.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Ten investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $255.80.

T-Mobile US Stock Performance

Shares of T-Mobile US stock opened at $255.84 on Friday. T-Mobile US, Inc. has a fifty-two week low of $158.84 and a fifty-two week high of $276.49. 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 $292.10 billion, a P/E ratio of 26.46, a P/E/G ratio of 1.55 and a beta of 0.64. The company’s 50 day moving average price is $248.19 and its two-hundred day moving average price is $230.36.

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 Dividend Announcement

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 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%.

Insider Transactions at T-Mobile US

In other news, Director Srikant M. Datar sold 730 shares of T-Mobile US stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total transaction of $191,990.00. Following the transaction, the director now owns 3,291 shares in the company, valued at approximately $865,533. The trade was a 18.15 % 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. 0.67% of the stock is owned by company insiders.

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.