T-Mobile US, Inc. (NASDAQ:TMUS) Shares Purchased by Lebenthal Global Advisors LLC

Lebenthal Global Advisors LLC raised its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 4.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,983 shares of the Wireless communications provider’s stock after purchasing an additional 200 shares during the period. Lebenthal Global Advisors LLC’s holdings in T-Mobile US were worth $1,100,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Scientech Research LLC purchased a new stake in T-Mobile US in the 2nd quarter valued at approximately $497,000. Susquehanna Fundamental Investments LLC purchased a new stake in shares of T-Mobile US in the second quarter valued at $863,000. Kathmere Capital Management LLC acquired a new stake in shares of T-Mobile US during the second quarter valued at $233,000. Nemes Rush Group LLC increased its position in T-Mobile US by 201.6% during the 2nd quarter. Nemes Rush Group LLC now owns 733 shares of the Wireless communications provider’s stock worth $129,000 after purchasing an additional 490 shares in the last quarter. Finally, Silver Lake Advisory LLC purchased a new position in T-Mobile US in the 2nd quarter valued at about $354,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insider Activity

In other news, Director Raul Marcelo Claure sold 110,000 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $224.30, for a total transaction of $24,673,000.00. Following the completion of the sale, the director now owns 1,441,204 shares of the company’s stock, valued at approximately $323,262,057.20. This trade represents a 7.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Srikant M. Datar sold 1,000 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $247.19, for a total transaction of $247,190.00. Following the completion of the sale, the director now directly owns 5,021 shares in the company, valued at $1,241,140.99. This represents a 16.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 144,200 shares of company stock worth $32,736,303 over the last ninety days. Corporate insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Oppenheimer boosted their price objective on shares of T-Mobile US from $215.00 to $250.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Royal Bank of Canada lowered T-Mobile US from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from $255.00 to $240.00 in a research note on Monday, January 6th. Bank of America raised their price objective on T-Mobile US from $220.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Morgan Stanley initiated coverage on T-Mobile US in a research note on Monday, December 16th. They issued an “overweight” rating and a $280.00 target price for the company. Finally, The Goldman Sachs Group raised their price target on T-Mobile US from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Seven investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, T-Mobile US presently has an average rating of “Moderate Buy” and a consensus target price of $245.74.

T-Mobile US Trading Up 1.3 %

NASDAQ TMUS opened at $221.43 on Tuesday. The stock has a market cap of $256.97 billion, a P/E ratio of 25.25, a PEG ratio of 1.08 and a beta of 0.56. The company’s fifty day simple moving average is $226.93 and its 200-day simple moving average is $212.07. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23. T-Mobile US, Inc. has a 52 week low of $158.84 and a 52 week high of $248.15.

T-Mobile US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Friday, February 28th will be given a $0.88 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $3.52 dividend on an annualized basis and a yield of 1.59%. T-Mobile US’s payout ratio is currently 40.14%.

T-Mobile US Company 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.