Worth Asset Management LLC Purchases Shares of 6,068 T-Mobile US, Inc. (NASDAQ:TMUS)

Worth Asset Management LLC acquired a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 6,068 shares of the Wireless communications provider’s stock, valued at approximately $1,339,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Private Advisor Group LLC raised its position in shares of T-Mobile US by 2.9% during the 2nd quarter. Private Advisor Group LLC now owns 22,643 shares of the Wireless communications provider’s stock worth $3,989,000 after buying an additional 633 shares in the last quarter. Savant Capital LLC boosted its stake in T-Mobile US by 16.3% during the 2nd quarter. Savant Capital LLC now owns 8,637 shares of the Wireless communications provider’s stock valued at $1,522,000 after purchasing an additional 1,209 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of T-Mobile US during the 2nd quarter valued at $95,000. PFG Investments LLC bought a new stake in shares of T-Mobile US in the 2nd quarter worth $220,000. Finally, Prudential PLC lifted its holdings in shares of T-Mobile US by 40.3% in the second quarter. Prudential PLC now owns 26,998 shares of the Wireless communications provider’s stock valued at $4,757,000 after buying an additional 7,753 shares during the period. 42.49% of the stock is owned by institutional investors.

Analysts Set New Price Targets

TMUS has been the topic of several research reports. KeyCorp cut shares of T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 price target on the stock. in a research report on Thursday, December 12th. Sanford C. Bernstein initiated coverage on shares of T-Mobile US in a research note on Tuesday, December 10th. They set a “market perform” rating and a $265.00 target price for the company. Bank of America raised their target price on shares of T-Mobile US from $220.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Citigroup increased their price objective on T-Mobile US from $210.00 to $254.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Finally, Barclays lifted 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. Seven equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, T-Mobile US currently has an average rating of “Moderate Buy” and an average price target of $245.74.

T-Mobile US Stock Up 0.8 %

Shares of T-Mobile US stock traded up $1.79 on Wednesday, hitting $214.13. 1,183,685 shares of the company traded hands, compared to its average volume of 3,466,455. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. T-Mobile US, Inc. has a 12-month low of $158.84 and a 12-month high of $248.15. The company has a 50-day moving average price of $230.95 and a 200 day moving average price of $208.61. The company has a market cap of $248.50 billion, a PE ratio of 24.42, a PEG ratio of 1.18 and a beta of 0.56.

T-Mobile US (NASDAQ:TMUS) last issued its 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. The company had revenue of $20.16 billion for the quarter, compared to analyst estimates of $20.01 billion. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The business’s revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.82 EPS. Sell-side analysts predict that T-Mobile US, Inc. will post 9.38 earnings per share for the current year.

T-Mobile US Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Friday, February 28th will be given a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend is Friday, February 28th. T-Mobile US’s dividend payout ratio is 40.14%.

Insider Transactions at T-Mobile US

In other news, EVP Mark Wolfe Nelson sold 42,769 shares of the stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $216.26, for a total transaction of $9,249,223.94. Following the transaction, the executive vice president now owns 61,871 shares of the company’s stock, valued at approximately $13,380,222.46. This represents a 40.87 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Peter Osvaldik sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $233.55, for a total value of $4,671,000.00. Following the completion of the sale, the chief financial officer now owns 61,307 shares of the company’s stock, valued at approximately $14,318,249.85. This trade represents a 24.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 206,969 shares of company stock worth $46,656,527 in the last 90 days. 0.67% of the stock is owned by insiders.

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.