Park Avenue Securities LLC Raises Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Park Avenue Securities LLC boosted its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 22.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 31,729 shares of the Wireless communications provider’s stock after buying an additional 5,881 shares during the quarter. Park Avenue Securities LLC’s holdings in T-Mobile US were worth $7,004,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in TMUS. DT Investment Partners LLC boosted its holdings in shares of T-Mobile US by 65.3% during the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 47 shares during the period. Dunhill Financial LLC raised its position in T-Mobile US by 76.7% during 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 during the last quarter. MFA Wealth Advisors LLC lifted its holdings in T-Mobile US by 128.3% in the 3rd quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 77 shares during the period. Legacy Investment Solutions LLC bought a new stake in shares of T-Mobile US in the 3rd quarter worth approximately $34,000. Finally, Planning Capital Management Corp increased its stake in shares of T-Mobile US by 134.7% during the third quarter. Planning Capital Management Corp now owns 176 shares of the Wireless communications provider’s stock valued at $36,000 after buying an additional 101 shares during the period. Institutional investors own 42.49% of the company’s stock.

Insider Activity

In related news, Director Srikant M. Datar sold 1,000 shares of T-Mobile US stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $247.19, for a total value of $247,190.00. Following the completion of the sale, the director now owns 5,021 shares of the company’s stock, valued at $1,241,140.99. The trade was a 16.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Andre Almeida acquired 3,808 shares of T-Mobile US stock in a transaction that occurred on Monday, December 9th. The shares were purchased at an average price of $235.72 per share, with a total value of $897,621.76. Following the transaction, the director now owns 3,808 shares of the company’s stock, 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 a total of 164,200 shares of company stock valued at $37,407,303 in the last 90 days. 0.67% of the stock is currently owned by insiders.

Analysts Set New Price Targets

TMUS has been the topic of several recent analyst reports. Scotiabank lifted their price target on shares of T-Mobile US from $236.00 to $237.00 and gave the company a “sector perform” rating in a report on Thursday, October 24th. Morgan Stanley began coverage on shares of T-Mobile US in a research note on Monday, December 16th. They set an “overweight” rating and a $280.00 target price on the stock. The Goldman Sachs Group increased their price target on shares of T-Mobile US from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Barclays upped their target price on T-Mobile US from $215.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Finally, Tigress Financial raised their target price on T-Mobile US from $235.00 to $280.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Seven analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $245.74.

T-Mobile US Price Performance

Shares of NASDAQ TMUS opened at $214.20 on Thursday. The firm has a market cap of $248.58 billion, a P/E ratio of 24.42, a PEG ratio of 1.18 and a beta of 0.56. T-Mobile US, Inc. has a twelve month low of $158.84 and a twelve month high of $248.15. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. The company has a 50 day moving average of $229.93 and a 200 day moving average of $209.91.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.29. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The firm had revenue of $20.16 billion during the quarter, compared to analysts’ expectations of $20.01 billion. During the same quarter in the previous year, the business earned $1.82 earnings per share. The company’s revenue was up 4.7% on a year-over-year basis. As a group, research analysts expect that T-Mobile US, Inc. will post 9.38 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date is Friday, February 28th. T-Mobile US’s payout ratio is presently 40.14%.

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.