2,844 Shares in T-Mobile US, Inc. $TMUS Bought by South Shore Capital Advisors

South Shore Capital Advisors purchased a new position in T-Mobile US, Inc. (NASDAQ:TMUS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,844 shares of the Wireless communications provider’s stock, valued at approximately $577,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TMUS. Fisher Asset Management LLC boosted its stake in T-Mobile US by 5.0% during the 2nd quarter. Fisher Asset Management LLC now owns 1,682 shares of the Wireless communications provider’s stock worth $401,000 after purchasing an additional 80 shares during the last quarter. Jump Financial LLC boosted its stake in T-Mobile US by 2,167.4% during the 2nd quarter. Jump Financial LLC now owns 58,407 shares of the Wireless communications provider’s stock worth $13,916,000 after purchasing an additional 55,831 shares during the last quarter. Gamco Investors INC. ET AL boosted its stake in T-Mobile US by 1.2% during the 2nd quarter. Gamco Investors INC. ET AL now owns 72,699 shares of the Wireless communications provider’s stock worth $17,321,000 after purchasing an additional 870 shares during the last quarter. Federated Hermes Inc. boosted its stake in T-Mobile US by 866.9% during the 2nd quarter. Federated Hermes Inc. now owns 105,737 shares of the Wireless communications provider’s stock worth $25,193,000 after purchasing an additional 94,801 shares during the last quarter. Finally, Cerity Partners LLC boosted its stake in T-Mobile US by 1.9% during the 2nd quarter. Cerity Partners LLC now owns 125,709 shares of the Wireless communications provider’s stock worth $29,951,000 after purchasing an additional 2,351 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insider Buying and Selling

In other T-Mobile US news, CFO Peter Osvaldik sold 27,000 shares of the company’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $214.86, for a total value of $5,801,220.00. Following the transaction, the chief financial officer owned 51,573 shares of the company’s stock, valued at $11,080,974.78. This represents a 34.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Mark Wolfe Nelson sold 10,240 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $220.80, for a total transaction of $2,260,992.00. Following the completion of the transaction, the insider directly owned 74,280 shares in the company, valued at $16,401,024. The trade was a 12.12% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 694,134 shares of company stock valued at $150,847,799 over the last three months. Company insiders own 0.37% of the company’s stock.

T-Mobile US Trading Down 1.4%

Shares of TMUS stock opened at $198.61 on Tuesday. The company’s 50-day moving average price is $209.54 and its 200-day moving average price is $210.02. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.45. The stock has a market cap of $218.84 billion, a price-to-earnings ratio of 20.45, a PEG ratio of 1.32 and a beta of 0.43. T-Mobile US, Inc. has a twelve month low of $181.36 and a twelve month high of $267.96.

T-Mobile US Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 29th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $4.08 annualized dividend and a dividend yield of 2.1%. T-Mobile US’s payout ratio is presently 42.02%.

Analysts Set New Price Targets

Several brokerages have issued reports on TMUS. Barclays lifted their target price on shares of T-Mobile US from $240.00 to $245.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. Daiwa Securities Group raised shares of T-Mobile US from a “neutral” rating to an “outperform” rating and set a $240.00 target price on the stock in a research note on Thursday, February 19th. DZ Bank reaffirmed a “buy” rating on shares of T-Mobile US in a research note on Friday, February 13th. Wells Fargo & Company boosted their price target on shares of T-Mobile US from $225.00 to $235.00 and gave the company an “overweight” rating in a research report on Friday, February 13th. Finally, Benchmark reissued a “buy” rating on shares of T-Mobile US in a research report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $257.26.

T-Mobile US Company Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.