Purkiss Capital Advisors LLC Invests $226,000 in T-Mobile US, Inc. (NASDAQ:TMUS)

Purkiss Capital Advisors LLC acquired a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,025 shares of the Wireless communications provider’s stock, valued at approximately $226,000.

A number of other large investors also recently modified their holdings of TMUS. Pallas Capital Advisors LLC bought a new position in shares of T-Mobile US in the third quarter worth about $205,000. Strategic Blueprint LLC purchased a new position in T-Mobile US in the 3rd quarter worth approximately $222,000. HM Payson & Co. lifted its holdings in T-Mobile US by 117.2% in the 3rd quarter. HM Payson & Co. now owns 252 shares of the Wireless communications provider’s stock worth $52,000 after purchasing an additional 136 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in T-Mobile US by 34.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,778 shares of the Wireless communications provider’s stock worth $780,000 after purchasing an additional 974 shares during the period. Finally, Phillips Wealth Planners LLC grew its holdings in T-Mobile US by 21.3% during the 3rd quarter. Phillips Wealth Planners LLC now owns 2,658 shares of the Wireless communications provider’s stock valued at $584,000 after buying an additional 466 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insiders Place Their Bets

In related news, Director Letitia A. Long sold 1,100 shares of the business’s 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 completion of the sale, the director now owns 5,653 shares in the company, valued at approximately $1,306,295.24. The trade was a 16.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Andre Almeida acquired 3,808 shares of T-Mobile US stock in a transaction on Monday, December 9th. The shares were purchased at an average price of $235.72 per share, for a total transaction of $897,621.76. Following the completion of the acquisition, the director now directly owns 3,808 shares in the company, valued at $897,621.76. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.67% of the company’s stock.

T-Mobile US Price Performance

TMUS stock opened at $269.69 on Friday. The stock has a market cap of $307.92 billion, a PE ratio of 27.89, a P/E/G ratio of 1.55 and a beta of 0.56. T-Mobile US, Inc. has a 12 month low of $158.84 and a 12 month high of $273.40. The company has a 50-day moving average price of $235.52 and a 200 day moving average price of $223.99. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. Equities research analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders of record on Friday, May 30th will be given a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US’s dividend payout ratio (DPR) is presently 36.40%.

Analysts Set New Price Targets

TMUS has been the topic of several research analyst reports. Sanford C. Bernstein assumed coverage on shares of T-Mobile US in a report on Tuesday, December 10th. They issued a “market perform” rating and a $265.00 target price on the stock. Scotiabank increased their price objective on shares of T-Mobile US from $234.00 to $247.00 and gave the company a “sector perform” rating in a report on Thursday, January 30th. Benchmark reaffirmed a “buy” rating on shares of T-Mobile US in a report on Wednesday. JPMorgan Chase & Co. boosted their target price on T-Mobile US from $250.00 to $265.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Finally, Royal Bank of Canada restated a “sector perform” rating on shares of T-Mobile US in a report on Wednesday. Seven investment 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’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $251.79.

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.