ProVise Management Group LLC Purchases Shares of 5,506 T-Mobile US, Inc. (NASDAQ:TMUS)

ProVise Management Group LLC purchased a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 5,506 shares of the Wireless communications provider’s stock, valued at approximately $883,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Team Hewins LLC acquired a new stake in T-Mobile US in the 4th quarter valued at about $651,000. TCW Group Inc. acquired a new stake in shares of T-Mobile US in the fourth quarter valued at approximately $2,817,000. SageView Advisory Group LLC boosted its stake in shares of T-Mobile US by 34.5% during the 4th quarter. SageView Advisory Group LLC now owns 16,372 shares of the Wireless communications provider’s stock worth $2,647,000 after acquiring an additional 4,197 shares during the period. Commerce Bank boosted its stake in shares of T-Mobile US by 1.2% during the 4th quarter. Commerce Bank now owns 695,177 shares of the Wireless communications provider’s stock worth $111,458,000 after acquiring an additional 8,547 shares during the period. Finally, US Bancorp DE raised its stake in T-Mobile US by 4.3% in the 4th quarter. US Bancorp DE now owns 106,323 shares of the Wireless communications provider’s stock valued at $17,047,000 after acquiring an additional 4,404 shares during the period. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Price Performance

Shares of NASDAQ TMUS traded up $1.03 during mid-day trading on Friday, reaching $166.00. The company had a trading volume of 3,722,101 shares, compared to its average volume of 4,302,309. The firm has a market cap of $194.53 billion, a price-to-earnings ratio of 22.59, a PEG ratio of 0.64 and a beta of 0.48. The business’s 50-day simple moving average is $162.60 and its 200 day simple moving average is $160.02. T-Mobile US, Inc. has a one year low of $124.92 and a one year high of $168.64. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.86 and a current ratio of 0.94.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.17. T-Mobile US had a net margin of 11.15% and a return on equity of 13.61%. The firm had revenue of $19.59 billion for the quarter, compared to the consensus estimate of $19.81 billion. During the same period in the prior year, the company posted $1.58 earnings per share. The business’s revenue for the quarter was down .2% on a year-over-year basis. On average, research analysts predict that T-Mobile US, Inc. will post 9.02 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Friday, May 31st will be given a dividend of $0.65 per share. The ex-dividend date is Friday, May 31st. This represents a $2.60 annualized dividend and a yield of 1.57%. T-Mobile US’s dividend payout ratio is currently 35.37%.

Insiders Place Their Bets

In other news, Director Telekom Ag Deutsche sold 189,670 shares of T-Mobile US stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $165.06, for a total value of $31,306,930.20. Following the transaction, the director now owns 674,692,981 shares in the company, valued at approximately $111,364,823,443.86. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $163.71, for a total value of $3,274,200.00. Following the sale, the chief executive officer now owns 476,036 shares in the company, valued at $77,931,853.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Telekom Ag Deutsche sold 189,670 shares of the business’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $165.06, for a total transaction of $31,306,930.20. Following the sale, the director now directly owns 674,692,981 shares in the company, valued at approximately $111,364,823,443.86. The disclosure for this sale can be found here. Insiders sold 6,829,770 shares of company stock worth $1,112,065,505 over the last three months. Insiders own 0.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on TMUS. TD Cowen reduced their price objective on shares of T-Mobile US from $204.00 to $202.00 and set a “buy” rating for the company in a research report on Friday, April 26th. StockNews.com lowered shares of T-Mobile US from a “buy” rating to a “hold” rating in a research note on Friday. Oppenheimer restated an “outperform” rating and set a $190.00 price objective on shares of T-Mobile US in a research report on Wednesday, April 3rd. KeyCorp upped their target price on T-Mobile US from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. Finally, Citigroup lifted their price target on T-Mobile US from $176.00 to $184.00 and gave the stock a “buy” rating in a report on Monday, March 25th. One analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $186.33.

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.