HUB Investment Partners LLC Boosts Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

HUB Investment Partners LLC raised its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 5.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,175 shares of the Wireless communications provider’s stock after buying an additional 2,427 shares during the quarter. HUB Investment Partners LLC’s holdings in T-Mobile US were worth $9,971,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TMUS. Rakuten Securities Inc. lifted its stake in T-Mobile US by 93.9% during the fourth quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 62 shares during the last quarter. Dunhill Financial LLC lifted its stake in T-Mobile US by 76.7% during the third quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock worth $27,000 after purchasing an additional 56 shares during the last quarter. Financial Life Planners bought a new stake in T-Mobile US during the fourth quarter worth about $29,000. Legacy Investment Solutions LLC bought a new stake in T-Mobile US during the third quarter worth about $34,000. Finally, Bruce G. Allen Investments LLC lifted its stake in T-Mobile US by 79.3% during the fourth quarter. Bruce G. Allen Investments LLC now owns 165 shares of the Wireless communications provider’s stock worth $36,000 after purchasing an additional 73 shares during the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

T-Mobile US Price Performance

NASDAQ TMUS opened at $259.25 on Thursday. The business’s fifty day moving average price is $246.46 and its 200-day moving average price is $229.77. The stock has a market capitalization of $296.00 billion, a price-to-earnings ratio of 26.81, a PEG ratio of 1.55 and a beta of 0.64. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. T-Mobile US, Inc. has a 1-year low of $158.84 and a 1-year high of $276.49.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. On average, equities analysts predict 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 declared a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders of record on Friday, May 30th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a yield of 1.36%. T-Mobile US’s payout ratio is presently 36.40%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TMUS. Scotiabank lifted their price target on T-Mobile US from $247.00 to $275.00 and gave the stock a “sector perform” rating in a research note on Monday, March 3rd. Benchmark reissued a “buy” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Morgan Stanley began coverage on T-Mobile US in a research note on Monday, December 16th. They issued an “overweight” rating and a $280.00 target price for the company. Oppenheimer boosted their target price 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. Finally, HSBC lowered T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 target price for the company. in a research note on Wednesday, March 5th. Ten analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, T-Mobile US has a consensus rating of “Moderate Buy” and a consensus target price of $255.05.

Insiders Place Their Bets

In other news, Director Srikant M. Datar sold 730 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total transaction of $191,990.00. Following the completion of the transaction, the director now owns 3,291 shares in the company, valued at $865,533. This trade represents a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.67% of the stock is currently owned by company insiders.

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.