Global Retirement Partners LLC Increases Stock Position in T-Mobile US, Inc. $TMUS

Global Retirement Partners LLC grew its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 79.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,656 shares of the Wireless communications provider’s stock after acquiring an additional 6,026 shares during the quarter. Global Retirement Partners LLC’s holdings in T-Mobile US were worth $2,773,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in TMUS. Fortis Group Advisors LLC grew its holdings in shares of T-Mobile US by 312.7% in the fourth quarter. Fortis Group Advisors LLC now owns 4,205 shares of the Wireless communications provider’s stock worth $829,000 after purchasing an additional 3,186 shares during the last quarter. Leonteq Securities AG bought a new stake in T-Mobile US in the fourth quarter valued at $1,046,000. ABN Amro Investment Solutions boosted its holdings in T-Mobile US by 63.2% in the fourth quarter. ABN Amro Investment Solutions now owns 43,257 shares of the Wireless communications provider’s stock valued at $8,783,000 after acquiring an additional 16,749 shares in the last quarter. First Business Financial Services Inc. boosted its holdings in T-Mobile US by 3.1% in the fourth quarter. First Business Financial Services Inc. now owns 14,101 shares of the Wireless communications provider’s stock valued at $2,863,000 after acquiring an additional 422 shares in the last quarter. Finally, Cullen Frost Bankers Inc. boosted its holdings in T-Mobile US by 3.2% in the fourth quarter. Cullen Frost Bankers Inc. now owns 89,041 shares of the Wireless communications provider’s stock valued at $18,079,000 after acquiring an additional 2,749 shares in the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at T-Mobile US

In other news, insider Mark Wolfe Nelson sold 2,329 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $222.38, for a total transaction of $517,923.02. Following the sale, the insider directly owned 65,677 shares of the company’s stock, valued at $14,605,251.26. This represents a 3.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director G Michael Sievert sold 1,089 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $221.85, for a total value of $241,594.65. Following the sale, the director directly owned 125,696 shares in the company, valued at $27,885,657.60. This trade represents a 0.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 25,620 shares of company stock worth $5,527,602. Company insiders own 0.37% of the company’s stock.

T-Mobile US Trading Up 0.3%

Shares of NASDAQ:TMUS opened at $191.47 on Friday. The stock has a 50 day moving average of $198.67 and a 200 day moving average of $202.24. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.58. T-Mobile US, Inc. has a 12-month low of $181.36 and a 12-month high of $261.56. The company has a market cap of $207.21 billion, a PE ratio of 20.37, a price-to-earnings-growth ratio of 1.11 and a beta of 0.33.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.26. T-Mobile US had a return on equity of 19.47% and a net margin of 11.65%.The company had revenue of $23.11 billion for the quarter, compared to analysts’ expectations of $22.98 billion. During the same period in the previous year, the firm earned $2.58 EPS. The firm’s revenue was up 10.6% compared to the same quarter last year. As a group, equities research analysts expect that T-Mobile US, Inc. will post 10.65 EPS for the current year.

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 29th will be issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, May 29th. T-Mobile US’s dividend payout ratio is 43.40%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on TMUS shares. TD Cowen lifted their price target on shares of T-Mobile US from $252.00 to $261.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Benchmark reaffirmed a “buy” rating on shares of T-Mobile US in a research report on Thursday, February 12th. Arete Research boosted their target price on T-Mobile US from $295.00 to $300.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. JPMorgan Chase & Co. reissued a “buy” rating on shares of T-Mobile US in a research report on Tuesday. Finally, Morgan Stanley started coverage on T-Mobile US in a research note on Thursday, April 16th. They set an “overweight” rating and a $260.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $260.48.

About T-Mobile US

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.