BankPlus Wealth Management LLC Acquires New Position in T-Mobile US, Inc. (NASDAQ:TMUS)

BankPlus Wealth Management LLC bought a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 1,722 shares of the Wireless communications provider’s stock, valued at approximately $380,000.

A number of other large investors have also modified their holdings of the business. Scientech Research LLC purchased a new stake in shares of T-Mobile US in the 2nd quarter worth about $497,000. Susquehanna Fundamental Investments LLC acquired a new position in T-Mobile US during the second quarter worth approximately $863,000. Kathmere Capital Management LLC purchased a new position in T-Mobile US during the second quarter worth approximately $233,000. Nemes Rush Group LLC grew its stake in shares of T-Mobile US by 201.6% during the 2nd quarter. Nemes Rush Group LLC now owns 733 shares of the Wireless communications provider’s stock valued at $129,000 after buying an additional 490 shares during the period. Finally, Silver Lake Advisory LLC acquired a new stake in shares of T-Mobile US during the 2nd quarter worth $354,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS opened at $221.43 on Tuesday. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. The firm has a 50-day simple moving average of $226.93 and a 200 day simple moving average of $212.07. T-Mobile US, Inc. has a fifty-two week low of $158.84 and a fifty-two week high of $248.15. The company has a market cap of $256.97 billion, a PE ratio of 25.25, a P/E/G ratio of 1.08 and a beta of 0.56.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Friday, February 28th will be issued a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend is Friday, February 28th. T-Mobile US’s dividend payout ratio (DPR) is 40.14%.

Insider Buying and Selling

In other news, CEO G Michael Sievert sold 20,000 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $237.73, for a total value of $4,754,600.00. Following the completion of the transaction, the chief executive officer now owns 378,124 shares of the company’s stock, valued at approximately $89,891,418.52. This represents a 5.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Srikant M. Datar sold 1,000 shares of the company’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $247.19, for a total transaction of $247,190.00. Following the completion of the sale, the director now directly owns 5,021 shares of the company’s stock, valued at $1,241,140.99. The trade was a 16.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 144,200 shares of company stock worth $32,736,303 in the last three months. 0.67% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

TMUS has been the topic of several research analyst reports. Citigroup lifted their price objective on T-Mobile US from $210.00 to $254.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Raymond James downgraded shares of T-Mobile US from an “outperform” rating to a “market perform” rating in a research note on Friday, October 25th. Evercore ISI raised shares of T-Mobile US to a “strong-buy” rating in a research report on Thursday, January 23rd. 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 report on Thursday, October 24th. Finally, The Goldman Sachs Group upped their target price on T-Mobile US from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Seven equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, T-Mobile US currently has a consensus rating of “Moderate Buy” and an average target price of $245.74.

T-Mobile US Company 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.