Signet Financial Management LLC Boosts Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Signet Financial Management LLC grew its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 311.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,270 shares of the Wireless communications provider’s stock after buying an additional 7,016 shares during the quarter. Signet Financial Management LLC’s holdings in T-Mobile US were worth $2,046,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in TMUS. Ashton Thomas Private Wealth LLC acquired a new position in T-Mobile US during the second quarter worth about $95,000. LPL Financial LLC raised its position in shares of T-Mobile US by 20.0% during the 2nd quarter. LPL Financial LLC now owns 307,913 shares of the Wireless communications provider’s stock worth $54,248,000 after purchasing an additional 51,307 shares during the last quarter. American Century Companies Inc. lifted its stake in T-Mobile US by 22.7% in the 2nd quarter. American Century Companies Inc. now owns 301,943 shares of the Wireless communications provider’s stock valued at $53,196,000 after buying an additional 55,801 shares in the last quarter. GHP Investment Advisors Inc. grew its holdings in T-Mobile US by 70.9% during the 2nd quarter. GHP Investment Advisors Inc. now owns 745 shares of the Wireless communications provider’s stock valued at $131,000 after buying an additional 309 shares during the last quarter. Finally, Parallel Advisors LLC grew its holdings in T-Mobile US by 12.7% during the 2nd quarter. Parallel Advisors LLC now owns 11,205 shares of the Wireless communications provider’s stock valued at $1,974,000 after buying an additional 1,262 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on TMUS shares. UBS Group upped their price objective on T-Mobile US from $210.00 to $255.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Benchmark upped their target price on shares of T-Mobile US from $250.00 to $255.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Scotiabank lifted their price target on shares of T-Mobile US from $236.00 to $237.00 and gave the stock a “sector perform” rating in a report on Thursday, October 24th. Wells Fargo & Company lowered shares of T-Mobile US from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $240.00 to $220.00 in a research report on Monday, January 6th. Finally, Royal Bank of Canada lowered shares of T-Mobile US from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from $255.00 to $240.00 in a research report on Monday, January 6th. Seven analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $245.74.

T-Mobile US Trading Up 1.0 %

TMUS traded up $2.16 on Monday, reaching $213.46. 3,644,987 shares of the company’s stock were exchanged, compared to its average volume of 3,908,269. T-Mobile US, Inc. has a twelve month low of $158.84 and a twelve month high of $248.15. The company’s 50 day moving average is $230.41 and its 200-day moving average is $209.39. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.08. The company has a market cap of $247.72 billion, a price-to-earnings ratio of 24.34, a PEG ratio of 1.18 and a beta of 0.56.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.29. The company had revenue of $20.16 billion during the quarter, compared to analyst estimates of $20.01 billion. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.82 earnings per share. Equities analysts predict that T-Mobile US, Inc. will post 9.38 earnings per share for the current year.

T-Mobile US Dividend Announcement

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 given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend is Friday, February 28th. T-Mobile US’s dividend payout ratio (DPR) is presently 40.14%.

Insider Buying and Selling at T-Mobile US

In other news, EVP Mark Wolfe Nelson sold 42,769 shares of the stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $216.26, for a total transaction of $9,249,223.94. Following the completion of the transaction, the executive vice president now directly owns 61,871 shares in the company, valued at approximately $13,380,222.46. This represents a 40.87 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Srikant M. Datar sold 1,000 shares of T-Mobile US stock in a transaction on 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 owns 5,021 shares of the company’s stock, valued at approximately $1,241,140.99. This trade represents a 16.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 206,969 shares of company stock valued at $46,656,527 over the last 90 days. 0.67% of the stock is owned by corporate insiders.

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.