Marcum Wealth LLC Increases Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Marcum Wealth LLC raised its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 2.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,776 shares of the Wireless communications provider’s stock after buying an additional 77 shares during the period. Marcum Wealth LLC’s holdings in T-Mobile US were worth $613,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Barclays PLC grew its position in shares of T-Mobile US by 38.3% during the 3rd quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock valued at $653,160,000 after acquiring an additional 876,182 shares during the period. International Assets Investment Management LLC grew its position in shares of T-Mobile US by 21,580.9% during the 3rd quarter. International Assets Investment Management LLC now owns 249,981 shares of the Wireless communications provider’s stock valued at $51,586,000 after acquiring an additional 248,828 shares during the period. Swedbank AB grew its position in shares of T-Mobile US by 5.1% during the 3rd quarter. Swedbank AB now owns 255,044 shares of the Wireless communications provider’s stock valued at $52,631,000 after acquiring an additional 12,411 shares during the period. Passumpsic Savings Bank bought a new stake in shares of T-Mobile US during the 3rd quarter valued at $2,634,000. Finally, Nordea Investment Management AB grew its position in shares of T-Mobile US by 36.9% during the 4th quarter. Nordea Investment Management AB now owns 1,473,540 shares of the Wireless communications provider’s stock valued at $324,960,000 after acquiring an additional 397,345 shares during the period. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

T-Mobile US Stock Up 0.3 %

Shares of NASDAQ TMUS opened at $214.18 on Wednesday. The firm’s 50-day moving average price is $229.93 and its 200-day moving average price is $209.91. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23. The stock has a market capitalization of $248.55 billion, a price-to-earnings ratio of 24.42, a P/E/G ratio of 1.18 and a beta of 0.56. T-Mobile US, Inc. has a 12-month low of $158.84 and a 12-month high of $248.15.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.32 by $0.29. The firm had revenue of $20.16 billion for the quarter, compared to analysts’ expectations of $20.01 billion. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The business’s revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.82 EPS. On average, equities research analysts anticipate that T-Mobile US, Inc. will post 9.38 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Friday, February 28th will be given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date is Friday, February 28th. T-Mobile US’s dividend payout ratio (DPR) is currently 40.14%.

Insider Buying and Selling

In other T-Mobile US news, Director Raul Marcelo Claure sold 110,000 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $224.30, for a total value of $24,673,000.00. Following the transaction, the director now directly owns 1,441,204 shares in the company, valued at $323,262,057.20. This represents a 7.09 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Nestor Cano sold 11,100 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $230.75, for a total transaction of $2,561,325.00. Following the completion of the transaction, the executive vice president now owns 4,400 shares in the company, valued at $1,015,300. This represents a 71.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 164,200 shares of company stock valued at $37,407,303 in the last ninety days. 0.67% of the stock is owned by company insiders.

Analysts Set New Price Targets

TMUS has been the subject of a number of recent research reports. Bank of America boosted their price objective on shares of T-Mobile US from $220.00 to $240.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. BNP Paribas raised shares of T-Mobile US to a “strong-buy” rating in a research report on Friday, October 25th. Barclays upped their target price on shares of T-Mobile US from $215.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Evercore ISI upped their target price on shares of T-Mobile US from $220.00 to $240.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, The Goldman Sachs Group upped their target price on shares of T-Mobile US from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Seven equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $245.74.

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.