Keel Point LLC Takes $221,000 Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Keel Point LLC bought a new position in T-Mobile US, Inc. (NASDAQ:TMUS) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 1,379 shares of the Wireless communications provider’s stock, valued at approximately $221,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mackenzie Financial Corp boosted its position in shares of T-Mobile US by 44.7% in the fourth quarter. Mackenzie Financial Corp now owns 299,488 shares of the Wireless communications provider’s stock worth $48,017,000 after purchasing an additional 92,532 shares during the period. Dakota Wealth Management lifted its stake in shares of T-Mobile US by 15.7% during the 4th quarter. Dakota Wealth Management now owns 21,881 shares of the Wireless communications provider’s stock valued at $3,508,000 after buying an additional 2,967 shares in the last quarter. MBM Wealth Consultants LLC bought a new position in T-Mobile US in the 4th quarter worth $974,000. Cornercap Investment Counsel Inc. boosted its holdings in T-Mobile US by 1.5% in the 4th quarter. Cornercap Investment Counsel Inc. now owns 14,483 shares of the Wireless communications provider’s stock worth $2,322,000 after buying an additional 213 shares during the period. Finally, Waldron Private Wealth LLC increased its stake in T-Mobile US by 2.8% in the 4th quarter. Waldron Private Wealth LLC now owns 8,829 shares of the Wireless communications provider’s stock worth $1,415,000 after buying an additional 238 shares in the last quarter. Institutional investors own 42.49% of the company’s stock.

Insider Buying and Selling at T-Mobile US

In related news, insider Michael J. Katz sold 6,655 shares of T-Mobile US stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $161.23, for a total transaction of $1,072,985.65. Following the completion of the transaction, the insider now directly owns 126,616 shares of the company’s stock, valued at approximately $20,414,297.68. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other T-Mobile US news, insider Callie R. Field sold 5,844 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $168.44, for a total value of $984,363.36. Following the sale, the insider now owns 102,555 shares in the company, valued at $17,274,364.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Michael J. Katz sold 6,655 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $161.23, for a total transaction of $1,072,985.65. Following the sale, the insider now directly owns 126,616 shares of the company’s stock, valued at $20,414,297.68. The disclosure for this sale can be found here. Insiders have sold 5,689,170 shares of company stock worth $924,847,536 over the last quarter. Insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TMUS. Royal Bank of Canada restated an “outperform” rating and issued a $184.00 price objective on shares of T-Mobile US in a research report on Wednesday, March 20th. Wells Fargo & Company boosted their price target on T-Mobile US from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Monday, January 22nd. Morgan Stanley increased their price objective on shares of T-Mobile US from $180.00 to $186.00 and gave the company an “overweight” rating in a report on Monday, January 29th. Benchmark reissued a “buy” rating and issued a $200.00 target price on shares of T-Mobile US in a report on Friday, January 26th. Finally, Citigroup raised their target price on shares of T-Mobile US from $176.00 to $184.00 and gave the company a “buy” rating in a research note on Monday, March 25th. One analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $185.93.

T-Mobile US Stock Down 0.0 %

Shares of NASDAQ:TMUS opened at $159.79 on Wednesday. The company has a market cap of $189.65 billion, a price-to-earnings ratio of 23.06, a PEG ratio of 0.65 and a beta of 0.49. T-Mobile US, Inc. has a 12 month low of $124.92 and a 12 month high of $168.64. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.18. The company has a 50-day moving average price of $162.32 and a 200 day moving average price of $155.88.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Thursday, January 25th. The Wireless communications provider reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.90 by ($0.23). The company had revenue of $20.48 billion during the quarter, compared to the consensus estimate of $19.67 billion. T-Mobile US had a net margin of 10.59% and a return on equity of 12.69%. T-Mobile US’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.18 earnings per share. As a group, equities research analysts predict that T-Mobile US, Inc. will post 8.95 earnings per share for the current year.

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Friday, May 31st will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend is Friday, May 31st. T-Mobile US’s dividend payout ratio (DPR) is 37.52%.

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.