8,514 Shares in T-Mobile US, Inc. (NASDAQ:TMUS) Bought by Congress Asset Management Co.

Congress Asset Management Co. purchased a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 8,514 shares of the Wireless communications provider’s stock, valued at approximately $1,879,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. DT Investment Partners LLC increased its stake in shares of T-Mobile US by 65.3% during the third 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 during the period. Dunhill Financial LLC raised its position in T-Mobile US by 76.7% during the third 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 in the last quarter. MFA Wealth Advisors LLC lifted its position in shares of T-Mobile US by 128.3% during the 3rd quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 77 shares during the last quarter. Financial Life Planners acquired a new position in T-Mobile US during the fourth quarter worth about $29,000. Finally, Legacy Investment Solutions LLC bought a new position in shares of T-Mobile US in the third quarter worth about $34,000. 42.49% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of T-Mobile US from $250.00 to $265.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Scotiabank boosted their price objective on T-Mobile US from $234.00 to $247.00 and gave the stock a “sector perform” rating in a research report on Thursday, January 30th. Royal Bank of Canada raised their price objective on shares of T-Mobile US from $240.00 to $245.00 and gave the company a “sector perform” rating in a report on Thursday, January 30th. Wells Fargo & Company lifted their target price on T-Mobile US from $220.00 to $235.00 and gave the stock an “equal weight” rating in a report on Thursday, January 30th. Finally, BNP Paribas upgraded shares of T-Mobile US to a “strong-buy” rating in a research report on Friday, October 25th. 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 company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $251.79.

Insider Transactions at T-Mobile US

In other news, Director Letitia A. Long sold 1,100 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $231.08, for a total value of $254,188.00. Following the sale, the director now directly owns 5,653 shares of the company’s stock, valued at approximately $1,306,295.24. This represents a 16.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Andre Almeida acquired 3,808 shares of the 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 directly owns 3,808 shares of the company’s stock, valued at $897,621.76. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 3,100 shares of company stock worth $747,378 in the last quarter. Insiders own 0.67% of the company’s stock.

T-Mobile US Price Performance

TMUS stock opened at $270.82 on Tuesday. The company has a market capitalization of $309.21 billion, a P/E ratio of 28.01, a price-to-earnings-growth ratio of 1.44 and a beta of 0.56. T-Mobile US, Inc. has a 52-week low of $158.84 and a 52-week high of $271.41. The business has a 50-day simple moving average of $227.66 and a two-hundred day simple moving average of $218.93. 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 announced its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, beating the consensus estimate of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. Research analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently declared 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 annualized dividend and a yield of 1.30%. T-Mobile US’s payout ratio is currently 36.40%.

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.