Bfsg LLC Makes New $968,000 Investment in T-Mobile US, Inc. (NASDAQ:TMUS)

Bfsg LLC acquired a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) in the 4th quarter, Holdings Channel reports. The fund acquired 6,039 shares of the Wireless communications provider’s stock, valued at approximately $968,000.

Other large investors have also recently added to or reduced their stakes in the company. BluePath Capital Management LLC bought a new position in T-Mobile US during the 3rd quarter worth about $26,000. Valley National Advisers Inc. boosted its position in shares of T-Mobile US by 232.1% during the 4th quarter. Valley National Advisers Inc. now owns 176 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 123 shares in the last quarter. Baker Avenue Asset Management LP increased its stake in shares of T-Mobile US by 63.3% during the 3rd quarter. Baker Avenue Asset Management LP now owns 209 shares of the Wireless communications provider’s stock worth $29,000 after purchasing an additional 81 shares during the last quarter. Bay Harbor Wealth Management LLC bought a new position in T-Mobile US in the 4th quarter valued at $34,000. Finally, Raleigh Capital Management Inc. lifted its stake in T-Mobile US by 54.5% in the third quarter. Raleigh Capital Management Inc. now owns 255 shares of the Wireless communications provider’s stock worth $36,000 after purchasing an additional 90 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Price Performance

TMUS stock traded up $0.93 during trading hours on Wednesday, hitting $164.18. 4,707,062 shares of the stock traded hands, compared to its average volume of 4,505,542. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.18. T-Mobile US, Inc. has a one year low of $124.92 and a one year high of $168.64. The company has a market cap of $194.86 billion, a P/E ratio of 23.59, a P/E/G ratio of 0.66 and a beta of 0.49. The stock has a 50-day simple moving average of $162.33 and a 200 day simple moving average of $156.71.

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

T-Mobile US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Friday, May 31st will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Friday, May 31st. T-Mobile US’s payout ratio is presently 37.52%.

Analysts Set New Price Targets

TMUS has been the topic of several research analyst reports. Tigress Financial boosted their price target on shares of T-Mobile US from $204.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Morgan Stanley upped their target price 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. Citigroup increased their price objective on shares of T-Mobile US from $176.00 to $184.00 and gave the stock a “buy” rating in a research note on Monday, March 25th. KeyCorp cut their target price on shares of T-Mobile US from $183.00 to $175.00 and set an “overweight” rating for the company in a research note on Friday, January 26th. Finally, Benchmark reaffirmed a “buy” rating and set a $200.00 target price on shares of T-Mobile US in a research note on Friday, January 26th. One investment analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $185.93.

Insider Activity at T-Mobile US

In other T-Mobile US news, insider Callie R. Field sold 5,844 shares of the business’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $168.44, for a total value of $984,363.36. Following the completion of the transaction, the insider now directly owns 102,555 shares of the company’s stock, valued at $17,274,364.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, insider Callie R. Field sold 5,844 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $168.44, for a total transaction of $984,363.36. Following the transaction, the insider now owns 102,555 shares in the company, valued at $17,274,364.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Telekom Ag Deutsche sold 170,903 shares of the firm’s stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of $159.95, for a total value of $27,335,934.85. Following the transaction, the director now owns 680,306,713 shares in the company, valued at approximately $108,815,058,744.35. The disclosure for this sale can be found here. Insiders have sold a total of 5,995,889 shares of company stock valued at $972,451,611 in the last 90 days. 0.70% of the stock is 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.