Burney Co. Buys 3,307 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Burney Co. boosted its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 126.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,914 shares of the Wireless communications provider’s stock after purchasing an additional 3,307 shares during the quarter. Burney Co.’s holdings in T-Mobile US were worth $1,305,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. KPP Advisory Services LLC raised its position in shares of T-Mobile US by 2.6% in the 3rd quarter. KPP Advisory Services LLC now owns 1,744 shares of the Wireless communications provider’s stock valued at $360,000 after acquiring an additional 45 shares during the period. DT Investment Partners LLC increased its stake in T-Mobile US by 65.3% in the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 47 shares in the last quarter. Old North State Trust LLC raised its holdings in T-Mobile US by 1.4% in the third quarter. Old North State Trust LLC now owns 3,637 shares of the Wireless communications provider’s stock worth $751,000 after purchasing an additional 50 shares during the period. Davis Investment Partners LLC boosted its position in shares of T-Mobile US by 0.6% during the third quarter. Davis Investment Partners LLC now owns 8,223 shares of the Wireless communications provider’s stock worth $1,711,000 after purchasing an additional 51 shares in the last quarter. Finally, Barden Capital Management Inc. grew its holdings in shares of T-Mobile US by 0.8% in the 3rd quarter. Barden Capital Management Inc. now owns 6,824 shares of the Wireless communications provider’s stock valued at $1,408,000 after buying an additional 54 shares during the period. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insider Buying and Selling at T-Mobile US

In related news, Director Andre Almeida purchased 3,808 shares of the stock in a transaction on Monday, December 9th. The shares were purchased at an average cost of $235.72 per share, with a total value of $897,621.76. Following the acquisition, the director now directly owns 3,808 shares in the company, valued at $897,621.76. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed 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 sale, the chief financial officer now owns 61,307 shares of the company’s stock, valued at approximately $14,318,249.85. This represents a 24.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 164,200 shares of company stock valued at $37,407,303 in the last quarter. 0.67% of the stock is currently owned by insiders.

T-Mobile US Stock Performance

Shares of TMUS stock opened at $215.75 on Friday. The company has a fifty day moving average price of $229.57 and a two-hundred day moving average price of $209.94. T-Mobile US, Inc. has a one year low of $158.84 and a one year high of $248.15. The stock has a market cap of $250.38 billion, a P/E ratio of 24.60, a P/E/G ratio of 1.05 and a beta of 0.56. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, topping analysts’ consensus estimates of $2.32 by $0.29. The business had revenue of $20.16 billion during the quarter, compared to analysts’ expectations of $20.01 billion. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. T-Mobile US’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the company posted $1.82 earnings per share. As a group, equities analysts predict that T-Mobile US, Inc. will post 9.31 EPS for the current year.

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Friday, February 28th will be paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend is Friday, February 28th. T-Mobile US’s dividend payout ratio (DPR) is presently 40.14%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TMUS. Benchmark boosted their target price on T-Mobile US from $250.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Wells Fargo & Company lowered T-Mobile US from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $240.00 to $220.00 in a research report on Monday, January 6th. Morgan Stanley began coverage on shares of T-Mobile US in a report on Monday, December 16th. They set an “overweight” rating and a $280.00 target price on the stock. Citigroup increased their price objective on shares of T-Mobile US from $210.00 to $254.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Finally, KeyCorp cut shares of T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 price objective on the stock. in a research report on Thursday, December 12th. Seven analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $245.74.

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.