Concurrent Investment Advisors LLC Raises Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Concurrent Investment Advisors LLC boosted its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 248.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,658 shares of the Wireless communications provider’s stock after purchasing an additional 11,169 shares during the period. Concurrent Investment Advisors LLC’s holdings in T-Mobile US were worth $3,456,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Foundations Investment Advisors LLC lifted 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 buying an additional 90 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in T-Mobile US by 17.5% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 14,255 shares of the Wireless communications provider’s stock valued at $2,942,000 after acquiring an additional 2,127 shares during the period. Private Advisor Group LLC lifted its holdings in T-Mobile US by 7.0% during the third 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 last quarter. Greenleaf Trust boosted its position in T-Mobile US by 1.6% during the third quarter. Greenleaf Trust now owns 9,424 shares of the Wireless communications provider’s stock worth $1,945,000 after purchasing an additional 152 shares during the period. Finally, RAM Investment Partners LLC increased its stake in shares of T-Mobile US by 33.9% in the third quarter. RAM Investment Partners LLC now owns 1,782 shares of the Wireless communications provider’s stock worth $368,000 after purchasing an additional 451 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Wall Street Analyst Weigh In

TMUS has been the topic of a number of recent research reports. The Goldman Sachs Group upped their price target on shares of T-Mobile US from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Morgan Stanley started coverage on T-Mobile US in a research report on Monday, December 16th. They set an “overweight” rating and a $280.00 target price on the stock. Benchmark reiterated a “buy” rating and issued a $255.00 price target on shares of T-Mobile US in a research report on Tuesday, January 28th. Daiwa America upgraded T-Mobile US to a “hold” rating in a research note on Friday, October 25th. Finally, Barclays raised their target price on T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Seven 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. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $251.79.

Insider Buying and Selling at T-Mobile US

In other news, Director Srikant M. Datar sold 1,000 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $247.19, for a total value of $247,190.00. Following the completion of the sale, the director now owns 5,021 shares of the company’s stock, valued at approximately $1,241,140.99. This represents a 16.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Andre Almeida bought 3,808 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The stock was acquired at an average price of $235.72 per share, for a total transaction of $897,621.76. Following the transaction, the director now owns 3,808 shares in the company, valued at $897,621.76. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 3,100 shares of company stock worth $747,378 over the last ninety days. Insiders own 0.67% of the company’s stock.

T-Mobile US Stock Performance

T-Mobile US stock opened at $265.40 on Friday. T-Mobile US, Inc. has a fifty-two week low of $158.84 and a fifty-two week high of $271.41. The firm’s fifty day moving average price is $230.32 and its 200-day moving average price is $220.66. The stock has a market cap of $303.02 billion, a P/E ratio of 27.45, a price-to-earnings-growth ratio of 1.53 and a beta of 0.56. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, topping 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, equities research analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders of record on Friday, May 30th will be paid a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.33%. The ex-dividend date is Friday, May 30th. T-Mobile US’s dividend payout ratio is currently 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.