Proficio Capital Partners LLC Increases Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Proficio Capital Partners LLC raised its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 31,353.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 635,040 shares of the Wireless communications provider’s stock after acquiring an additional 633,021 shares during the quarter. Proficio Capital Partners LLC owned approximately 0.05% of T-Mobile US worth $140,172,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Dunhill Financial LLC increased its holdings in T-Mobile US by 76.7% during the 3rd quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock valued at $27,000 after purchasing an additional 56 shares during the period. Financial Life Planners purchased a new position in shares of T-Mobile US during the fourth quarter valued at approximately $29,000. Legacy Investment Solutions LLC bought a new position in shares of T-Mobile US during the third quarter valued at approximately $34,000. Planning Capital Management Corp lifted its stake in T-Mobile US by 134.7% in the third quarter. Planning Capital Management Corp now owns 176 shares of the Wireless communications provider’s stock worth $36,000 after acquiring an additional 101 shares during the period. Finally, Bruce G. Allen Investments LLC boosted its holdings in T-Mobile US by 79.3% in the fourth quarter. Bruce G. Allen Investments LLC now owns 165 shares of the Wireless communications provider’s stock valued at $36,000 after acquiring an additional 73 shares in the last quarter. 42.49% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on TMUS. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of T-Mobile US in a research report on Wednesday. Scotiabank raised their price objective on shares of T-Mobile US from $234.00 to $247.00 and gave the stock a “sector perform” rating in a report on Thursday, January 30th. Oppenheimer upped their target price on T-Mobile US from $250.00 to $275.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Barclays raised their target price on T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Finally, Bank of America upped their price target on T-Mobile US from $240.00 to $255.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Seven research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $251.79.

Insider Buying and Selling

In other T-Mobile US news, Director Andre Almeida acquired 3,808 shares of the stock in a transaction dated Monday, December 9th. The shares were purchased at an average price of $235.72 per share, for a total transaction of $897,621.76. Following the purchase, the director now directly owns 3,808 shares of the company’s stock, valued at approximately $897,621.76. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Srikant M. Datar sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $246.00, for a total transaction of $246,000.00. Following the completion of the transaction, the director now directly owns 4,021 shares in the company, valued at approximately $989,166. The trade was a 19.92 % decrease in their position. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by corporate insiders.

T-Mobile US Stock Down 2.6 %

T-Mobile US stock opened at $263.58 on Thursday. The firm has a market cap of $300.94 billion, a price-to-earnings ratio of 27.26, a PEG ratio of 1.55 and a beta of 0.56. 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, Inc. has a 12 month low of $158.84 and a 12 month high of $273.40. The stock has a fifty day simple moving average of $233.61 and a two-hundred day simple moving average of $222.99.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results 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%. Equities analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal 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 given 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 yield of 1.34%. T-Mobile US’s dividend payout ratio (DPR) 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.