Synergy Investment Management LLC Buys Shares of 200 T-Mobile US, Inc. (NASDAQ:TMUS)

Synergy Investment Management LLC bought a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) during the fourth quarter, HoldingsChannel.com reports. The fund bought 200 shares of the Wireless communications provider’s stock, valued at approximately $44,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TMUS. Dunhill Financial LLC lifted its holdings in T-Mobile US by 76.7% in the 3rd quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock valued at $27,000 after purchasing an additional 56 shares in the last quarter. Financial Life Planners purchased a new position in T-Mobile US in the 4th quarter valued at about $29,000. Legacy Investment Solutions LLC purchased a new position in shares of T-Mobile US during the 3rd quarter worth about $34,000. Planning Capital Management Corp lifted its holdings in shares of T-Mobile US by 134.7% during the 3rd quarter. Planning Capital Management Corp now owns 176 shares of the Wireless communications provider’s stock worth $36,000 after acquiring an additional 101 shares during the period. Finally, Bruce G. Allen Investments LLC lifted its holdings in shares of T-Mobile US by 79.3% during the 4th quarter. Bruce G. Allen Investments LLC now owns 165 shares of the Wireless communications provider’s stock worth $36,000 after acquiring an additional 73 shares during the period. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at T-Mobile US

In other news, Director Letitia A. Long sold 1,100 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $231.08, for a total transaction of $254,188.00. Following the completion of the sale, the director now owns 5,653 shares of the company’s stock, valued at approximately $1,306,295.24. This trade represents a 16.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Andre Almeida purchased 3,808 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were bought at an average cost of $235.72 per share, with a total value of $897,621.76. Following the transaction, the director now directly owns 3,808 shares of the company’s stock, valued at approximately $897,621.76. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.67% of the company’s stock.

T-Mobile US Stock Down 0.7 %

Shares of NASDAQ:TMUS opened at $262.74 on Thursday. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. T-Mobile US, Inc. has a 52-week low of $158.84 and a 52-week high of $276.49. The company has a 50 day moving average of $238.17 and a two-hundred day moving average of $225.48. The company has a market capitalization of $299.98 billion, a price-to-earnings ratio of 27.17, a price-to-earnings-growth ratio of 1.55 and a beta of 0.56.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data 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 net margin of 13.93% and a return on equity of 18.09%. As a group, analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date is Friday, May 30th. T-Mobile US’s payout ratio is currently 36.40%.

Wall Street Analysts Forecast Growth

TMUS has been the topic of several recent analyst reports. Benchmark reiterated a “buy” rating on shares of T-Mobile US in a report on Wednesday, February 26th. Oppenheimer increased their price objective on shares of T-Mobile US from $250.00 to $275.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Evercore ISI upgraded shares of T-Mobile US to a “strong-buy” rating in a report on Thursday, January 23rd. Barclays increased their price objective on shares of T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Finally, Royal Bank of Canada reiterated a “sector perform” rating on shares of T-Mobile US in a report on Wednesday, February 26th. Eight 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 company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $254.10.

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.