Kestra Investment Management LLC Invests $50,000 in T-Mobile US, Inc. (NASDAQ:TMUS)

Kestra Investment Management LLC acquired a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 224 shares of the Wireless communications provider’s stock, valued at approximately $50,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in TMUS. Barclays PLC grew its position in T-Mobile US by 38.3% during the third quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock valued at $653,160,000 after acquiring an additional 876,182 shares during the period. International Assets Investment Management LLC grew its position in T-Mobile US by 21,580.9% during the third quarter. International Assets Investment Management LLC now owns 249,981 shares of the Wireless communications provider’s stock valued at $51,586,000 after acquiring an additional 248,828 shares during the period. Gladstone Institutional Advisory LLC purchased a new stake in T-Mobile US during the fourth quarter valued at about $1,552,000. Trust Co. of Vermont grew its position in T-Mobile US by 11.9% during the fourth quarter. Trust Co. of Vermont now owns 26,972 shares of the Wireless communications provider’s stock valued at $5,954,000 after acquiring an additional 2,865 shares during the period. Finally, Swedbank AB grew its position in T-Mobile US by 5.1% during the third quarter. Swedbank AB now owns 255,044 shares of the Wireless communications provider’s stock valued at $52,631,000 after acquiring an additional 12,411 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Analyst Ratings Changes

TMUS has been the subject of a number of research reports. JPMorgan Chase & Co. boosted their price target on T-Mobile US from $250.00 to $265.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. BNP Paribas raised T-Mobile US to a “strong-buy” rating in a research report on Friday, October 25th. Wells Fargo & Company upped their target price on T-Mobile US from $220.00 to $235.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 30th. KeyCorp downgraded T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 target price for the company. in a research report on Thursday, December 12th. Finally, Benchmark reaffirmed a “buy” rating and issued a $255.00 target price on shares of T-Mobile US in a research report on Tuesday, January 28th. Seven equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $251.79.

Insiders Place Their Bets

In related news, Director Srikant M. Datar sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $247.19, for a total value of $247,190.00. Following 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Andre Almeida purchased 3,808 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was bought at an average cost of $235.72 per share, for a total transaction of $897,621.76. Following the acquisition, the director now owns 3,808 shares in the company, valued at approximately $897,621.76. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 3,100 shares of company stock valued at $747,378 in the last quarter. Insiders own 0.67% of the company’s stock.

T-Mobile US Trading Down 0.1 %

NASDAQ:TMUS opened at $265.17 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. The business’s 50 day moving average is $230.98 and its two-hundred day moving average is $221.21. T-Mobile US, Inc. has a 52 week low of $158.84 and a 52 week high of $271.41. The company has a market cap of $302.76 billion, a PE ratio of 27.42, a P/E/G ratio of 1.53 and a beta of 0.56.

T-Mobile US (NASDAQ:TMUS) last released its earnings results 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 return on equity of 18.09% and a net margin of 13.93%. On average, analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The company 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 dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US’s dividend payout ratio is presently 36.40%.

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.