New York Life Investment Management LLC Grows Position in T-Mobile US, Inc. (NASDAQ:TMUS)

New York Life Investment Management LLC increased its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 0.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,587 shares of the Wireless communications provider’s stock after buying an additional 165 shares during the period. New York Life Investment Management LLC’s holdings in T-Mobile US were worth $14,477,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Dunhill Financial LLC increased its stake in T-Mobile US by 76.7% in 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 during the last quarter. Financial Life Planners purchased a new position in shares of T-Mobile US during the 4th quarter worth about $29,000. Legacy Investment Solutions LLC purchased a new stake in T-Mobile US in the third quarter valued at approximately $34,000. Bruce G. Allen Investments LLC boosted its holdings in shares of T-Mobile US by 79.3% in the 4th quarter. Bruce G. Allen Investments LLC now owns 165 shares of the Wireless communications provider’s stock valued at $36,000 after purchasing an additional 73 shares during the last quarter. Finally, Planning Capital Management Corp increased its holdings in shares of T-Mobile US by 134.7% during the 3rd quarter. Planning Capital Management Corp now owns 176 shares of the Wireless communications provider’s stock worth $36,000 after buying an additional 101 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Up 0.2 %

NASDAQ:TMUS opened at $264.17 on Friday. 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 $301.61 billion, a price-to-earnings ratio of 27.32, a price-to-earnings-growth ratio of 1.55 and a beta of 0.56. T-Mobile US, Inc. has a one year low of $158.84 and a one year high of $273.40. The stock has a 50-day simple moving average of $234.53 and a 200 day simple moving average of $223.28.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS 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%. Sell-side analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders of record on Friday, May 30th will be issued a $0.88 dividend. The ex-dividend date is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a yield of 1.33%. T-Mobile US’s dividend payout ratio is currently 36.40%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on TMUS shares. Benchmark reissued a “buy” rating on shares of T-Mobile US in a research report on Wednesday. Oppenheimer raised their target price on shares of T-Mobile US from $250.00 to $275.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Tigress Financial reaffirmed a “buy” rating on shares of T-Mobile US in a research report on Wednesday. Royal Bank of Canada restated a “sector perform” rating on shares of T-Mobile US in a research note on Wednesday. Finally, Sanford C. Bernstein began coverage on T-Mobile US in a research note on Tuesday, December 10th. They issued a “market perform” rating and a $265.00 target price for the company. Seven equities research 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $251.79.

Insider Buying and Selling at T-Mobile US

In related news, Director Andre Almeida bought 3,808 shares of the business’s stock in a transaction on Monday, December 9th. The shares were bought at an average cost of $235.72 per share, for a total transaction of $897,621.76. Following the completion of the purchase, the director now owns 3,808 shares of the company’s stock, valued at $897,621.76. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Letitia A. Long sold 1,100 shares of the business’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $231.08, for a total transaction of $254,188.00. Following the transaction, the director now directly owns 5,653 shares of the company’s stock, valued at approximately $1,306,295.24. This trade represents a 16.29 % decrease in their position. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by insiders.

T-Mobile US 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.