Kestra Private Wealth Services LLC Buys 1,279 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Kestra Private Wealth Services LLC lifted its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 7.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 18,068 shares of the Wireless communications provider’s stock after purchasing an additional 1,279 shares during the period. Kestra Private Wealth Services LLC’s holdings in T-Mobile US were worth $3,988,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. DT Investment Partners LLC grew its position in T-Mobile US by 65.3% in the 3rd 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 boosted its stake in shares of T-Mobile US by 76.7% in the 3rd quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock worth $27,000 after buying an additional 56 shares during the last quarter. MFA Wealth Advisors LLC grew its holdings in shares of T-Mobile US by 128.3% in the third quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 77 shares during the period. Financial Life Planners purchased a new stake in T-Mobile US during the fourth quarter valued at $29,000. Finally, Legacy Investment Solutions LLC bought a new position in T-Mobile US in the third quarter valued at about $34,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. BNP Paribas upgraded T-Mobile US to a “strong-buy” rating in a research note on Friday, October 25th. UBS Group boosted their target price on shares of T-Mobile US from $210.00 to $255.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Evercore ISI upgraded shares of T-Mobile US to a “strong-buy” rating in a research report on Thursday, January 23rd. Morgan Stanley initiated coverage on shares of T-Mobile US in a research report on Monday, December 16th. They set an “overweight” rating and a $280.00 price objective for the company. Finally, KeyCorp cut T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 target price on the stock. in a report on Thursday, December 12th. Seven analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $251.79.

T-Mobile US Trading Up 3.9 %

T-Mobile US stock opened at $255.83 on Tuesday. T-Mobile US, Inc. has a 1 year low of $158.84 and a 1 year high of $256.48. The firm’s 50 day moving average price is $225.96 and its 200-day moving average price is $215.97. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. The stock has a market cap of $292.09 billion, a P/E ratio of 26.46, a PEG ratio of 1.44 and a beta of 0.56.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, topping 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%. On average, equities analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The firm 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 $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.38%. The ex-dividend date is Friday, May 30th. T-Mobile US’s dividend payout ratio is presently 36.40%.

Insider Transactions at T-Mobile US

In other news, Director Letitia A. Long sold 1,100 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was 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 in the company, 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 bought 3,808 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were acquired at an average price of $235.72 per share, with a total value of $897,621.76. Following the completion of the transaction, the director now owns 3,808 shares of the company’s stock, 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 worth $747,378 in the last three months. Insiders own 0.67% of the company’s stock.

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.