Harbor Investment Advisory LLC Boosts Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Harbor Investment Advisory LLC raised its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 5.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,740 shares of the Wireless communications provider’s stock after buying an additional 450 shares during the quarter. Harbor Investment Advisory LLC’s holdings in T-Mobile US were worth $1,929,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of TMUS. DT Investment Partners LLC lifted its stake in T-Mobile US by 65.3% in the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 47 shares in the last quarter. Dunhill Financial LLC lifted its position in shares of T-Mobile US by 76.7% in the third quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock worth $27,000 after buying an additional 56 shares in the last quarter. MFA Wealth Advisors LLC boosted its stake in T-Mobile US by 128.3% during the third quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 77 shares during the last quarter. Legacy Investment Solutions LLC purchased a new position in T-Mobile US during the 3rd quarter valued at approximately $34,000. Finally, Planning Capital Management Corp increased its stake in T-Mobile US by 134.7% in the 3rd 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 last quarter. Institutional investors own 42.49% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on TMUS. Barclays raised their target price on shares of T-Mobile US from $215.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Wells Fargo & Company cut shares of T-Mobile US from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $240.00 to $220.00 in a research note on Monday, January 6th. Oppenheimer upped their target price on shares of T-Mobile US from $215.00 to $250.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. TD Cowen boosted their price objective on T-Mobile US from $216.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, Scotiabank raised their price objective on T-Mobile US from $236.00 to $237.00 and gave the company a “sector perform” rating in a research note on Thursday, October 24th. Seven analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $245.74.

T-Mobile US Stock Up 1.5 %

Shares of NASDAQ:TMUS opened at $218.97 on Tuesday. The business’s 50 day moving average is $228.93 and its 200 day moving average is $210.69. The stock has a market cap of $254.11 billion, a P/E ratio of 24.97, a price-to-earnings-growth ratio of 1.05 and a beta of 0.56. T-Mobile US, Inc. has a 52-week low of $158.84 and a 52-week high of $248.15. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, beating the consensus estimate of $2.32 by $0.29. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The firm had revenue of $20.16 billion for the quarter, compared to analyst estimates of $20.01 billion. During the same quarter last year, the firm posted $1.82 earnings per share. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. Sell-side analysts predict that T-Mobile US, Inc. will post 9.31 EPS for the current year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Friday, February 28th will be given a $0.88 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $3.52 annualized dividend and a dividend yield of 1.61%. T-Mobile US’s payout ratio is presently 40.14%.

Insider Activity

In other news, Director Srikant M. Datar sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $247.19, for a total value of $247,190.00. Following the sale, the director now directly owns 5,021 shares in the company, valued at approximately $1,241,140.99. This trade represents a 16.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Nestor Cano sold 11,100 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $230.75, for a total transaction of $2,561,325.00. Following the transaction, the executive vice president now owns 4,400 shares of the company’s stock, valued at approximately $1,015,300. This trade represents a 71.61 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 164,200 shares of company stock worth $37,407,303. Corporate insiders own 0.67% of the company’s stock.

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.