Shelton Wealth Management LLC Acquires 56 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Shelton Wealth Management LLC lifted its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 1.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 5,063 shares of the Wireless communications provider’s stock after purchasing an additional 56 shares during the quarter. Shelton Wealth Management LLC’s holdings in T-Mobile US were worth $1,118,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TMUS. FMR LLC grew its stake in shares of T-Mobile US by 13.4% in the 3rd quarter. FMR LLC now owns 12,893,770 shares of the Wireless communications provider’s stock valued at $2,660,758,000 after purchasing an additional 1,522,394 shares during the period. Barclays PLC raised its stake in T-Mobile US by 38.3% during the third quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock worth $653,160,000 after acquiring an additional 876,182 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of T-Mobile US by 4.0% during the third quarter. Wellington Management Group LLP now owns 15,524,529 shares of the Wireless communications provider’s stock valued at $3,203,642,000 after acquiring an additional 602,786 shares during the period. Franklin Resources Inc. boosted its stake in shares of T-Mobile US by 9.9% in the 3rd quarter. Franklin Resources Inc. now owns 6,553,703 shares of the Wireless communications provider’s stock valued at $1,448,426,000 after purchasing an additional 590,711 shares in the last quarter. Finally, Nordea Investment Management AB increased its position in shares of T-Mobile US by 36.9% during the 4th quarter. Nordea Investment Management AB now owns 1,473,540 shares of the Wireless communications provider’s stock worth $324,960,000 after purchasing an additional 397,345 shares in the last quarter. Institutional investors own 42.49% of the company’s stock.

Insider Buying and Selling

In other news, Director Srikant M. Datar sold 1,000 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $247.19, for a total value of $247,190.00. Following the completion of the sale, the director now owns 5,021 shares of the company’s stock, valued at approximately $1,241,140.99. This represents a 16.61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Nestor Cano sold 11,100 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $230.75, for a total transaction of $2,561,325.00. Following the sale, the executive vice president now directly owns 4,400 shares in the company, valued at $1,015,300. This trade represents a 71.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 164,200 shares of company stock worth $37,407,303. 0.67% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TMUS. JPMorgan Chase & Co. upped their price objective on shares of T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Raymond James downgraded T-Mobile US from an “outperform” rating to a “market perform” rating in a research report on Friday, October 25th. UBS Group raised their target price on T-Mobile US from $210.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Sanford C. Bernstein began coverage on shares of T-Mobile US in a report on Tuesday, December 10th. They set a “market perform” rating and a $265.00 price objective on the stock. Finally, Citigroup upped their target price 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. Seven research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $245.74.

T-Mobile US Trading Up 1.5 %

TMUS opened at $218.97 on Friday. T-Mobile US, Inc. has a twelve month low of $158.84 and a twelve month high of $248.15. The firm has a market cap of $254.11 billion, a PE ratio of 24.97, a price-to-earnings-growth ratio of 1.05 and a beta of 0.56. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.08. The firm’s fifty day moving average is $229.26 and its two-hundred day moving average is $209.98.

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

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Friday, February 28th will be given a dividend of $0.88 per share. The ex-dividend date is Friday, February 28th. This represents a $3.52 annualized dividend and a dividend yield of 1.61%. T-Mobile US’s dividend payout ratio is currently 40.14%.

T-Mobile US 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.