Jmac Enterprises LLC Purchases New Position in T-Mobile US, Inc. $TMUS

Jmac Enterprises LLC purchased a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,092 shares of the Wireless communications provider’s stock, valued at approximately $628,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quilter Plc boosted its stake in T-Mobile US by 7.8% during the fourth quarter. Quilter Plc now owns 465,838 shares of the Wireless communications provider’s stock valued at $94,584,000 after buying an additional 33,813 shares during the last quarter. Buffalo Business & Estate Services Ltd. bought a new position in T-Mobile US during the fourth quarter valued at approximately $319,000. Cidel Asset Management Inc. boosted its stake in T-Mobile US by 9.3% during the fourth quarter. Cidel Asset Management Inc. now owns 2,320 shares of the Wireless communications provider’s stock valued at $471,000 after buying an additional 198 shares during the last quarter. Independence Bank of Kentucky raised its position in T-Mobile US by 13.5% during the fourth quarter. Independence Bank of Kentucky now owns 14,018 shares of the Wireless communications provider’s stock valued at $2,846,000 after purchasing an additional 1,665 shares during the period. Finally, Westwood Wealth Management purchased a new stake in T-Mobile US during the fourth quarter valued at approximately $415,000. 42.49% of the stock is owned by institutional investors.

T-Mobile US Trading Down 1.4%

Shares of TMUS stock opened at $198.61 on Tuesday. T-Mobile US, Inc. has a 1 year low of $181.36 and a 1 year high of $267.96. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.00 and a quick ratio of 0.90. The stock’s 50 day simple moving average is $209.54 and its two-hundred day simple moving average is $210.02. The company has a market cap of $218.84 billion, a PE ratio of 20.45, a price-to-earnings-growth ratio of 1.32 and a beta of 0.43.

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 29th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Friday, May 29th. T-Mobile US’s dividend payout ratio is presently 42.02%.

Insider Transactions at T-Mobile US

In other news, Director G Michael Sievert sold 1,089 shares of the stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $221.85, for a total value of $241,594.65. Following the sale, the director directly owned 125,696 shares in the company, valued at approximately $27,885,657.60. This represents a 0.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Mark Wolfe Nelson sold 2,329 shares of the stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $222.38, for a total value of $517,923.02. Following the completion of the sale, the insider owned 65,677 shares in the company, valued at approximately $14,605,251.26. The trade was a 3.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 694,134 shares of company stock valued at $150,847,799. Company insiders own 0.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. restated a “buy” rating on shares of T-Mobile US in a research report on Thursday, February 12th. TD Cowen decreased their price objective on T-Mobile US from $263.00 to $252.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. Sanford C. Bernstein restated a “neutral” rating on shares of T-Mobile US in a research report on Thursday, February 19th. Barclays upped their price objective on T-Mobile US from $240.00 to $245.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. Finally, Wells Fargo & Company upped their price objective on T-Mobile US from $225.00 to $235.00 and gave the company an “overweight” rating in a research report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $257.26.

T-Mobile US Company 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.