First Affirmative Financial Network Boosts Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

First Affirmative Financial Network raised its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 2.5% in the 4th quarter, HoldingsChannel reports. The fund owned 4,381 shares of the Wireless communications provider’s stock after buying an additional 107 shares during the quarter. First Affirmative Financial Network’s holdings in T-Mobile US were worth $967,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in TMUS. Wellington Management Group LLP increased its stake in T-Mobile US by 4.0% in 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 purchasing an additional 602,786 shares during the last quarter. FMR LLC raised its stake in T-Mobile US by 13.4% during the 3rd quarter. FMR LLC now owns 12,893,770 shares of the Wireless communications provider’s stock worth $2,660,758,000 after acquiring an additional 1,522,394 shares in the last quarter. Franklin Resources Inc. lifted its stake in T-Mobile US by 9.9% in 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. Barclays PLC boosted its holdings in shares of T-Mobile US by 38.3% in the third quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock valued at $653,160,000 after acquiring an additional 876,182 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in shares of T-Mobile US by 2.5% in the 3rd quarter. Principal Financial Group Inc. now owns 1,978,567 shares of the Wireless communications provider’s stock valued at $408,297,000 after acquiring an additional 47,350 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on TMUS shares. JPMorgan Chase & Co. increased their price target on shares of T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Daiwa America raised T-Mobile US to a “hold” rating in a report on Friday, October 25th. Wells Fargo & Company downgraded T-Mobile US from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $240.00 to $220.00 in a research note on Monday, January 6th. Raymond James lowered T-Mobile US from an “outperform” rating to a “market perform” rating in a report on Friday, October 25th. Finally, The Goldman Sachs Group increased their price target on T-Mobile US from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Seven investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $245.74.

Insider Activity

In related news, Director Srikant M. Datar sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $247.19, for a total transaction of $247,190.00. Following the sale, the director now owns 5,021 shares in the company, valued at approximately $1,241,140.99. This trade represents a 16.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Andre Almeida purchased 3,808 shares of the business’s stock in a transaction on Monday, December 9th. The stock was acquired at an average price of $235.72 per share, with a total value 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. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have sold 144,200 shares of company stock worth $32,736,303 over the last three months. 0.67% of the stock is currently owned by corporate insiders.

T-Mobile US Stock Up 6.3 %

T-Mobile US stock opened at $235.15 on Thursday. T-Mobile US, Inc. has a fifty-two week low of $158.84 and a fifty-two week high of $248.15. The firm has a market capitalization of $272.89 billion, a price-to-earnings ratio of 26.81, a price-to-earnings-growth ratio of 1.08 and a beta of 0.56. The stock’s fifty day moving average is $226.37 and its two-hundred day moving average is $212.66. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.08.

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, topping analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. Analysts predict that T-Mobile US, Inc. will post 9.3 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Friday, February 28th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.50%. The ex-dividend date is Friday, February 28th. T-Mobile US’s payout ratio is 40.14%.

T-Mobile US Company 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.