HighPoint Advisor Group LLC Purchases 182 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

HighPoint Advisor Group LLC increased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 2.0% during the fourth quarter, Holdings Channel reports. The fund owned 9,496 shares of the Wireless communications provider’s stock after purchasing an additional 182 shares during the period. HighPoint Advisor Group LLC’s holdings in T-Mobile US were worth $2,096,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Dunhill Financial LLC grew its holdings in shares of T-Mobile US by 76.7% during the third quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock worth $27,000 after purchasing an additional 56 shares during the last quarter. Rakuten Securities Inc. lifted its position in T-Mobile US by 93.9% during the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 62 shares in the last quarter. CoreFirst Bank & Trust bought a new stake in T-Mobile US during the 4th quarter worth about $28,000. Financial Life Planners acquired a new stake in T-Mobile US in the 4th quarter valued at about $29,000. Finally, Legacy Investment Solutions LLC bought a new position in shares of T-Mobile US in the third quarter worth about $34,000. 42.49% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on TMUS shares. HSBC cut shares of T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 price target on the stock. in a research note on Wednesday, March 5th. KeyCorp cut T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 target price for the company. in a research note on Thursday, December 12th. Bank of America boosted their target price on T-Mobile US from $240.00 to $255.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Benchmark reiterated a “buy” rating and issued a $275.00 price target on shares of T-Mobile US in a report on Thursday, March 27th. Finally, Hsbc Global Res cut T-Mobile US from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 5th. Eleven analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $256.80.

Insider Buying and Selling

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of the stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total transaction of $191,990.00. Following the completion of the transaction, the director now owns 3,291 shares in the company, valued at approximately $865,533. This represents a 18.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.67% of the stock is currently owned by company insiders.

T-Mobile US Stock Performance

Shares of T-Mobile US stock opened at $266.71 on Tuesday. T-Mobile US, Inc. has a 12 month low of $159.14 and a 12 month high of $276.49. 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 company has a market capitalization of $304.51 billion, a PE ratio of 27.58, a PEG ratio of 1.55 and a beta of 0.64. The stock’s fifty day simple moving average is $253.88 and its 200 day simple moving average is $233.59.

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 for the quarter, beating the consensus estimate of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. On average, research analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.32%. The ex-dividend date is Friday, May 30th. T-Mobile US’s dividend payout ratio is 36.40%.

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.