Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Raises Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 5.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,317 shares of the Wireless communications provider’s stock after buying an additional 113 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in T-Mobile US were worth $513,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TMUS. DT Investment Partners LLC boosted its position in shares of T-Mobile US by 65.3% during the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 47 shares in the last quarter. Dunhill Financial LLC lifted its stake in shares of T-Mobile US by 76.7% in the third quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock valued at $27,000 after purchasing an additional 56 shares during the period. Financial Life Planners purchased a new stake in T-Mobile US during the fourth quarter worth about $29,000. MFA Wealth Advisors LLC grew its position in T-Mobile US by 128.3% during the third quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 77 shares during the period. Finally, Legacy Investment Solutions LLC purchased a new position in T-Mobile US in the third quarter valued at about $34,000. Institutional investors and hedge funds own 42.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on TMUS shares. Barclays boosted their price target on T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. UBS Group upped their target price on T-Mobile US from $210.00 to $255.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Scotiabank lifted their price target on T-Mobile US from $234.00 to $247.00 and gave the stock a “sector perform” rating in a research note on Thursday, January 30th. TD Cowen increased their price objective on shares of T-Mobile US from $216.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, Evercore ISI upgraded shares of T-Mobile US to a “strong-buy” rating in a research report on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $251.79.

T-Mobile US Stock Performance

Shares of TMUS stock opened at $246.24 on Monday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. The firm has a market capitalization of $281.14 billion, a price-to-earnings ratio of 25.46, a price-to-earnings-growth ratio of 1.44 and a beta of 0.56. T-Mobile US, Inc. has a one year low of $158.84 and a one year high of $250.50. The company has a 50 day moving average price of $225.96 and a 200 day moving average price of $215.70.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. Sell-side analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US’s payout ratio is currently 36.40%.

Insider Buying and Selling

In related news, Director Letitia A. Long sold 1,100 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $231.08, for a total transaction of $254,188.00. Following the sale, the director now directly owns 5,653 shares in the company, valued at approximately $1,306,295.24. This trade represents a 16.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Andre Almeida purchased 3,808 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was bought at an average price of $235.72 per share, with a total value of $897,621.76. Following the acquisition, the director now owns 3,808 shares in the company, valued at $897,621.76. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders sold 3,100 shares of company stock valued at $747,378. 0.67% of the stock is currently owned by corporate insiders.

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.