AdvisorShares Investments LLC Takes $455,000 Position in T-Mobile US, Inc. (NASDAQ:TMUS)

AdvisorShares Investments LLC acquired a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 2,060 shares of the Wireless communications provider’s stock, valued at approximately $455,000.

Several other large investors have also recently bought and sold shares of the business. Rakuten Securities Inc. raised its holdings in T-Mobile US by 93.9% during the fourth quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 62 shares in the last quarter. CoreFirst Bank & Trust acquired a new stake in shares of T-Mobile US during the fourth quarter worth about $28,000. Financial Life Planners purchased a new position in shares of T-Mobile US in the 4th quarter valued at approximately $29,000. Bruce G. Allen Investments LLC increased its stake in T-Mobile US by 79.3% in the 4th quarter. Bruce G. Allen Investments LLC now owns 165 shares of the Wireless communications provider’s stock valued at $36,000 after buying an additional 73 shares during the period. Finally, Albion Financial Group UT acquired a new position in shares of T-Mobile US during the fourth quarter worth about $39,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on TMUS shares. Evercore ISI raised T-Mobile US to a “strong-buy” rating in a report on Thursday, January 23rd. Benchmark reissued a “buy” rating and issued a $275.00 target price on shares of T-Mobile US in a report on Thursday, March 27th. Scotiabank upped their price target on shares of T-Mobile US from $247.00 to $275.00 and gave the stock a “sector perform” rating in a research note on Monday, March 3rd. UBS Group cut shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 21st. Finally, Citigroup cut shares of T-Mobile US from a “buy” rating to a “neutral” rating and set a $268.00 target price for the company. in a report on Friday, March 14th. Eleven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, T-Mobile US presently has an average rating of “Moderate Buy” and an average target price of $257.55.

Insider Buying and Selling

In related news, Director Srikant M. Datar sold 730 shares of T-Mobile US stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total value of $191,990.00. Following the completion of the sale, the director now owns 3,291 shares in the company, valued at approximately $865,533. The trade was a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.67% of the stock is currently owned by insiders.

T-Mobile US Trading Up 2.0 %

NASDAQ:TMUS opened at $241.59 on Wednesday. T-Mobile US, Inc. has a 12 month low of $161.61 and a 12 month high of $276.49. The business’s 50-day moving average is $259.35 and its two-hundred day moving average is $241.14. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. The firm has a market capitalization of $274.61 billion, a PE ratio of 24.98, a price-to-earnings-growth ratio of 1.55 and a beta of 0.63.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 EPS for the quarter, topping the consensus estimate of $2.48 by $0.10. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. The firm had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.67 billion. During the same period in the previous year, the company posted $2.00 EPS. T-Mobile US’s revenue for the quarter was up 6.6% on a year-over-year basis. Research analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Investors 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 yield of 1.46%. The ex-dividend date is Friday, May 30th. T-Mobile US’s payout ratio is 34.34%.

T-Mobile US 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.