Naples Money Management LLC Buys Shares of 2,040 T-Mobile US, Inc. (NASDAQ:TMUS)

Naples Money Management LLC purchased a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,040 shares of the Wireless communications provider’s stock, valued at approximately $327,000.

Several other institutional investors have also recently made changes to their positions in TMUS. BluePath Capital Management LLC bought a new position in T-Mobile US in the third quarter worth approximately $26,000. Valley National Advisers Inc. raised its position in shares of T-Mobile US by 232.1% in the 4th quarter. Valley National Advisers Inc. now owns 176 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 123 shares in the last quarter. Baker Avenue Asset Management LP lifted its stake in shares of T-Mobile US by 63.3% during the 3rd quarter. Baker Avenue Asset Management LP now owns 209 shares of the Wireless communications provider’s stock worth $29,000 after purchasing an additional 81 shares during the last quarter. SkyView Investment Advisors LLC bought a new stake in T-Mobile US during the first quarter valued at about $31,000. Finally, Bay Harbor Wealth Management LLC purchased a new position in T-Mobile US in the fourth quarter valued at about $34,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on TMUS shares. Morgan Stanley increased their price target on shares of T-Mobile US from $180.00 to $186.00 and gave the company an “overweight” rating in a research report on Monday, January 29th. Citigroup raised their target price on shares of T-Mobile US from $176.00 to $184.00 and gave the company a “buy” rating in a research note on Monday, March 25th. Oppenheimer reaffirmed an “outperform” rating and set a $190.00 price target on shares of T-Mobile US in a research report on Wednesday, April 3rd. Wells Fargo & Company raised their price objective on T-Mobile US from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Monday, January 22nd. Finally, Benchmark restated a “buy” rating and set a $200.00 target price on shares of T-Mobile US in a research note on Friday, January 26th. One analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $185.93.

Insider Buying and Selling at T-Mobile US

In related news, Director Teresa Taylor sold 12,022 shares of T-Mobile US stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $161.80, for a total transaction of $1,945,159.60. Following the completion of the transaction, the director now directly owns 13,014 shares in the company, valued at $2,105,665.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Teresa Taylor sold 12,022 shares of the firm’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $161.80, for a total transaction of $1,945,159.60. Following the sale, the director now owns 13,014 shares in the company, valued at $2,105,665.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Telekom Ag Deutsche sold 170,903 shares of the company’s stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $159.95, for a total transaction of $27,335,934.85. Following the completion of the transaction, the director now owns 680,306,713 shares of the company’s stock, valued at approximately $108,815,058,744.35. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,006,369 shares of company stock valued at $974,765,696. 0.70% of the stock is owned by insiders.

T-Mobile US Stock Performance

Shares of TMUS stock traded up $1.48 during mid-day trading on Friday, reaching $162.33. The stock had a trading volume of 5,125,949 shares, compared to its average volume of 4,517,920. T-Mobile US, Inc. has a 1-year low of $124.92 and a 1-year high of $168.64. The firm has a market cap of $192.66 billion, a price-to-earnings ratio of 23.21, a PEG ratio of 0.65 and a beta of 0.49. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.18. The business’s fifty day moving average is $162.28 and its 200-day moving average is $155.94.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Thursday, January 25th. The Wireless communications provider reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.90 by ($0.23). The business had revenue of $20.48 billion during the quarter, compared to analyst estimates of $19.67 billion. T-Mobile US had a return on equity of 12.69% and a net margin of 10.59%. T-Mobile US’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.18 EPS. On average, research analysts forecast that T-Mobile US, Inc. will post 8.95 earnings per share for the current year.

T-Mobile US Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Friday, May 31st will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $2.60 dividend on an annualized basis and a yield of 1.60%. T-Mobile US’s dividend payout ratio is presently 37.52%.

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.