Signature Estate & Investment Advisors LLC Grows Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Signature Estate & Investment Advisors LLC increased its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 8.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,502 shares of the Wireless communications provider’s stock after purchasing an additional 986 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in T-Mobile US were worth $2,760,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of TMUS. Principal Financial Group Inc. raised its holdings in T-Mobile US by 2.5% in the 3rd quarter. Principal Financial Group Inc. now owns 1,978,567 shares of the Wireless communications provider’s stock worth $408,297,000 after acquiring an additional 47,350 shares during the last quarter. Nicolet Advisory Services LLC bought a new stake in shares of T-Mobile US in the 3rd quarter worth $236,000. Great Valley Advisor Group Inc. raised its stake in shares of T-Mobile US by 39.0% in the third quarter. Great Valley Advisor Group Inc. now owns 11,053 shares of the Wireless communications provider’s stock worth $2,281,000 after purchasing an additional 3,103 shares during the last quarter. Cerity Partners LLC lifted its holdings in shares of T-Mobile US by 22.3% during the third quarter. Cerity Partners LLC now owns 117,790 shares of the Wireless communications provider’s stock valued at $24,307,000 after purchasing an additional 21,487 shares in the last quarter. Finally, Swedbank AB boosted its position in shares of T-Mobile US by 5.1% during the third quarter. Swedbank AB now owns 255,044 shares of the Wireless communications provider’s stock valued at $52,631,000 after buying an additional 12,411 shares during the last quarter. Institutional investors own 42.49% of the company’s stock.

Insider Buying and Selling

In related news, Director Srikant M. Datar sold 730 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total value of $191,990.00. Following the transaction, the director now owns 3,291 shares of the company’s stock, valued at $865,533. This represents 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 available through the SEC website. 0.67% of the stock is currently owned by corporate insiders.

T-Mobile US Stock Up 1.2 %

NASDAQ TMUS opened at $258.96 on Tuesday. The stock has a 50 day moving average price of $249.10 and a 200-day moving average price of $231.22. T-Mobile US, Inc. has a one year low of $159.14 and a one year high of $276.49. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. The company has a market capitalization of $295.67 billion, a P/E ratio of 26.78, a P/E/G ratio of 1.55 and a beta of 0.64.

T-Mobile US (NASDAQ:TMUS) last posted 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 net margin of 13.93% and a return on equity of 18.09%. As a group, equities analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be issued a $0.88 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $3.52 annualized dividend and a dividend yield of 1.36%. T-Mobile US’s dividend payout ratio (DPR) is presently 36.40%.

Analyst Ratings Changes

TMUS has been the topic of several research analyst reports. Barclays upped their target price on shares of T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. 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. HSBC lowered shares of T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 target price for the company. in a research note on Wednesday, March 5th. Benchmark restated a “buy” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Finally, Morgan Stanley initiated coverage on T-Mobile US in a research report on Monday, December 16th. They set an “overweight” rating and a $280.00 price objective for the company. Ten research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, T-Mobile US presently has a consensus rating of “Moderate Buy” and a consensus target price of $255.80.

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.