Choate Investment Advisors Boosts Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Choate Investment Advisors raised its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 22.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,447 shares of the Wireless communications provider’s stock after purchasing an additional 268 shares during the quarter. Choate Investment Advisors’ holdings in T-Mobile US were worth $319,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Frank Rimerman Advisors LLC boosted its holdings in T-Mobile US by 8.5% in the fourth quarter. Frank Rimerman Advisors LLC now owns 6,248 shares of the Wireless communications provider’s stock valued at $1,379,000 after purchasing an additional 492 shares during the last quarter. Greykasell Wealth Strategies Inc. acquired a new position in shares of T-Mobile US in the fourth quarter worth about $1,380,000. Buckley Wealth Management LLC raised its position in shares of T-Mobile US by 1.2% in the fourth quarter. Buckley Wealth Management LLC now owns 5,430 shares of the Wireless communications provider’s stock worth $1,199,000 after acquiring an additional 62 shares during the period. First National Trust Co raised its position in shares of T-Mobile US by 2.2% in the fourth quarter. First National Trust Co now owns 36,127 shares of the Wireless communications provider’s stock worth $7,974,000 after acquiring an additional 785 shares during the period. Finally, Analyst IMS Investment Management Services Ltd. raised its position in shares of T-Mobile US by 17.4% in the fourth quarter. Analyst IMS Investment Management Services Ltd. now owns 14,191 shares of the Wireless communications provider’s stock worth $3,132,000 after acquiring an additional 2,102 shares during the period. 42.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Citigroup downgraded shares of T-Mobile US from a “buy” rating to a “neutral” rating and set a $268.00 price objective for the company. in a research report on Friday. Tigress Financial reiterated a “buy” rating on shares of T-Mobile US in a research report on Wednesday, February 26th. HSBC downgraded shares of T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 price objective for the company. in a research report on Wednesday, March 5th. Oppenheimer upped their price target on shares of T-Mobile US from $250.00 to $275.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Finally, Sanford C. Bernstein began coverage on shares of T-Mobile US in a research report on Tuesday, December 10th. They set a “market perform” rating and a $265.00 price target for the company. Ten equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $254.80.

Insiders Place Their Bets

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total transaction of $191,990.00. Following the sale, the director now directly owns 3,291 shares in the company, valued at $865,533. This represents a 18.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.67% of the stock is owned by company insiders.

T-Mobile US Stock Performance

NASDAQ:TMUS opened at $260.17 on Tuesday. 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 stock has a market capitalization of $297.05 billion, a P/E ratio of 26.90, a PEG ratio of 1.55 and a beta of 0.64. The company has a 50 day moving average price of $244.62 and a 200 day moving average price of $229.13. T-Mobile US, Inc. has a fifty-two week low of $158.84 and a fifty-two week high of $276.49.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share 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%. Equities research analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

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 dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a yield of 1.35%. T-Mobile US’s dividend payout ratio (DPR) 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.