Thoroughbred Financial Services LLC Purchases 424 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Thoroughbred Financial Services LLC grew its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 5.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,631 shares of the Wireless communications provider’s stock after purchasing an additional 424 shares during the period. Thoroughbred Financial Services LLC’s holdings in T-Mobile US were worth $1,684,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Atlas Capital Advisors Inc. boosted its position in T-Mobile US by 0.6% during the fourth quarter. Atlas Capital Advisors Inc. now owns 8,164 shares of the Wireless communications provider’s stock valued at $1,802,000 after purchasing an additional 50 shares during the last quarter. Pitcairn Co. boosted its holdings in shares of T-Mobile US by 1.1% in the 4th quarter. Pitcairn Co. now owns 9,957 shares of the Wireless communications provider’s stock valued at $2,198,000 after buying an additional 113 shares during the last quarter. Arete Wealth Advisors LLC boosted its holdings in shares of T-Mobile US by 28.7% in the 4th quarter. Arete Wealth Advisors LLC now owns 3,124 shares of the Wireless communications provider’s stock valued at $690,000 after buying an additional 696 shares during the last quarter. Motley Fool Asset Management LLC grew its stake in shares of T-Mobile US by 16.6% in the fourth quarter. Motley Fool Asset Management LLC now owns 54,754 shares of the Wireless communications provider’s stock valued at $12,086,000 after buying an additional 7,789 shares in the last quarter. Finally, Westpac Banking Corp increased its holdings in T-Mobile US by 25.4% during the fourth quarter. Westpac Banking Corp now owns 10,439 shares of the Wireless communications provider’s stock worth $2,304,000 after buying an additional 2,113 shares during the last quarter. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Performance

Shares of T-Mobile US stock opened at $248.11 on Friday. The company has a 50 day moving average of $257.41 and a 200-day moving average of $234.79. The company has a market cap of $283.28 billion, a PE ratio of 25.66, a price-to-earnings-growth ratio of 1.55 and a beta of 0.63. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. T-Mobile US, Inc. has a 1-year low of $159.14 and a 1-year high of $276.49.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results 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 return on equity of 18.09% and a net margin of 13.93%. As a group, equities research 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 announced a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be issued 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 dividend yield of 1.42%. T-Mobile US’s dividend payout ratio (DPR) is currently 36.40%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. lifted their price objective on shares of T-Mobile US from $265.00 to $270.00 and gave the company an “overweight” rating in a research report on Tuesday, March 18th. Oppenheimer boosted their price target on T-Mobile US from $250.00 to $275.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Benchmark restated a “buy” rating and issued a $275.00 price objective on shares of T-Mobile US in a research note on Thursday, March 27th. Barclays lifted their target price on T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Finally, HSBC downgraded T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 price target for the company. in a report on Wednesday, March 5th. Eleven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, T-Mobile US currently has an average rating of “Moderate Buy” and an average target price of $256.80.

Insider Activity

In other news, Director Srikant M. Datar sold 730 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total value of $191,990.00. Following the completion of the transaction, the director now directly owns 3,291 shares in the company, valued at approximately $865,533. This represents a 18.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.67% of the stock is currently owned by corporate 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.