HBK Sorce Advisory LLC Invests $1.22 Million in T-Mobile US, Inc. $TMUS

HBK Sorce Advisory LLC bought a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) during the 3rd quarter, HoldingsChannel reports. The institutional investor bought 5,392 shares of the Wireless communications provider’s stock, valued at approximately $1,222,000.

A number of other institutional investors also recently added to or reduced their stakes in TMUS. Vanguard Group Inc. increased its position in shares of T-Mobile US by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 42,160,882 shares of the Wireless communications provider’s stock valued at $10,045,252,000 after purchasing an additional 215,711 shares during the last quarter. State Street Corp grew its stake in shares of T-Mobile US by 4.5% during the second quarter. State Street Corp now owns 23,141,316 shares of the Wireless communications provider’s stock worth $5,513,650,000 after purchasing an additional 994,740 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in shares of T-Mobile US by 14.3% during the first quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider’s stock worth $1,837,399,000 after purchasing an additional 864,030 shares in the last quarter. Franklin Resources Inc. increased its holdings in T-Mobile US by 5.2% in the second quarter. Franklin Resources Inc. now owns 6,298,934 shares of the Wireless communications provider’s stock valued at $1,500,784,000 after buying an additional 309,922 shares during the last quarter. Finally, Norges Bank acquired a new stake in T-Mobile US in the second quarter valued at $1,477,780,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Williams Trading set a $263.00 price objective on T-Mobile US in a research report on Friday, October 24th. Scotiabank upped their price target on T-Mobile US from $271.50 to $278.00 and gave the company a “sector outperform” rating in a report on Monday, October 6th. Wells Fargo & Company raised shares of T-Mobile US from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $250.00 to $260.00 in a report on Thursday, October 16th. JPMorgan Chase & Co. restated a “buy” rating on shares of T-Mobile US in a research report on Monday, December 15th. Finally, Cowen reaffirmed a “buy” rating on shares of T-Mobile US in a research report on Friday, October 24th. Three analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $260.17.

T-Mobile US Stock Up 0.6%

Shares of NASDAQ:TMUS opened at $198.81 on Thursday. T-Mobile US, Inc. has a 1-year low of $194.01 and a 1-year high of $276.49. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.89 and a quick ratio of 0.80. The stock has a market cap of $222.37 billion, a P/E ratio of 19.12, a P/E/G ratio of 1.27 and a beta of 0.44. The firm has a fifty day moving average price of $209.09 and a 200 day moving average price of $228.10.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 EPS for the quarter, beating analysts’ consensus estimates of $2.40 by $0.01. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. The business had revenue of $21.96 billion during the quarter, compared to analysts’ expectations of $21.61 billion. During the same period in the prior year, the company earned $2.61 earnings per share. The business’s revenue was up 8.9% compared to the same quarter last year. Sell-side analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Friday, February 27th will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Friday, February 27th. T-Mobile US’s dividend payout ratio (DPR) is presently 39.23%.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Letitia A. Long sold 1,457 shares of T-Mobile US stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $210.32, for a total value of $306,436.24. Following the transaction, the director directly owned 5,438 shares in the company, valued at approximately $1,143,720.16. This trade represents a 21.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Michael J. Katz sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $215.91, for a total value of $539,775.00. Following the sale, the insider owned 156,203 shares of the company’s stock, valued at $33,725,789.73. This trade represents a 1.58% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 915,016 shares of company stock worth $208,006,290 in the last ninety days. Company insiders own 0.37% of the company’s stock.

T-Mobile US Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.