Coordinated Financial Services Inc. Buys New Shares in T-Mobile US, Inc. (NASDAQ:TMUS)

Coordinated Financial Services Inc. bought a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,469 shares of the Wireless communications provider’s stock, valued at approximately $766,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP grew its stake in shares of T-Mobile US by 4.0% during the third quarter. Wellington Management Group LLP now owns 15,524,529 shares of the Wireless communications provider’s stock valued at $3,203,642,000 after buying an additional 602,786 shares during the last quarter. FMR LLC grew its stake in shares of T-Mobile US by 13.4% during the third quarter. FMR LLC now owns 12,893,770 shares of the Wireless communications provider’s stock valued at $2,660,758,000 after buying an additional 1,522,394 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of T-Mobile US by 9.9% during the third quarter. Franklin Resources Inc. now owns 6,553,703 shares of the Wireless communications provider’s stock valued at $1,448,426,000 after buying an additional 590,711 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of T-Mobile US by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,230,038 shares of the Wireless communications provider’s stock valued at $712,966,000 after buying an additional 85,012 shares during the last quarter. Finally, Barclays PLC grew its stake in shares of 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 buying an additional 876,182 shares during the last quarter. Institutional investors own 42.49% of the company’s stock.

Analyst Upgrades and Downgrades

TMUS has been the topic of a number of recent research reports. Oppenheimer raised their price objective on T-Mobile US from $250.00 to $275.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Scotiabank raised their price objective on T-Mobile US from $247.00 to $275.00 and gave the company a “sector perform” rating in a research note on Monday, March 3rd. Wells Fargo & Company reiterated an “equal weight” rating on shares of T-Mobile US in a report on Wednesday, February 26th. JPMorgan Chase & Co. increased their target price on shares of T-Mobile US from $250.00 to $265.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Finally, Barclays increased their target price 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. Nine 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. According to MarketBeat.com, T-Mobile US presently has an average rating of “Moderate Buy” and a consensus target price of $254.10.

T-Mobile US Price Performance

Shares of NASDAQ TMUS opened at $265.24 on Friday. T-Mobile US, Inc. has a fifty-two week low of $158.84 and a fifty-two week high of $276.49. The company has a 50 day simple moving average of $239.80 and a two-hundred day simple moving average of $226.42. The company has a market capitalization of $302.84 billion, a price-to-earnings ratio of 27.43, a P/E/G ratio of 1.55 and a beta of 0.64. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, beating 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%. Analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal 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 paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US’s dividend payout ratio is 36.40%.

Insider Buying and Selling at T-Mobile US

In related 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 $1,306,295.24. This trade represents a 16.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Andre Almeida purchased 3,808 shares of T-Mobile US stock in a transaction that occurred on Monday, December 9th. The shares were purchased 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 $897,621.76. This 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 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.