Janney Montgomery Scott LLC Buys 8,689 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Janney Montgomery Scott LLC raised its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 4.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 197,086 shares of the Wireless communications provider’s stock after buying an additional 8,689 shares during the quarter. Janney Montgomery Scott LLC’s holdings in T-Mobile US were worth $43,503,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Bartlett & CO. Wealth Management LLC raised its stake in shares of T-Mobile US by 2,939.4% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 58,569 shares of the Wireless communications provider’s stock worth $12,928,000 after acquiring an additional 56,642 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of T-Mobile US by 117.5% in the 4th quarter. SG Americas Securities LLC now owns 80,753 shares of the Wireless communications provider’s stock valued at $17,825,000 after acquiring an additional 43,627 shares during the last quarter. Daymark Wealth Partners LLC purchased a new position in shares of T-Mobile US during the 4th quarter valued at about $210,000. Albion Financial Group UT acquired a new position in T-Mobile US in the fourth quarter valued at approximately $39,000. Finally, West Branch Capital LLC lifted its stake in shares of T-Mobile US by 53.7% in the 4th quarter. West Branch Capital LLC now owns 5,734 shares of the Wireless communications provider’s stock valued at $1,266,000 after purchasing an additional 2,004 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. The Goldman Sachs Group boosted their target price on shares of T-Mobile US from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Oppenheimer boosted their price objective on shares of T-Mobile US from $215.00 to $250.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Bank of America raised their target price on T-Mobile US from $220.00 to $240.00 and gave the company a “buy” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. increased their price objective on T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Finally, Daiwa America upgraded shares of T-Mobile US to a “hold” rating in a report on Friday, October 25th. Seven research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, T-Mobile US presently has an average rating of “Moderate Buy” and an average price target of $245.74.

T-Mobile US Stock Down 1.0 %

Shares of TMUS opened at $216.04 on Friday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.08. T-Mobile US, Inc. has a 52 week low of $158.84 and a 52 week high of $248.15. The firm has a market capitalization of $250.71 billion, a price-to-earnings ratio of 24.63, a PEG ratio of 1.09 and a beta of 0.56. The business’s fifty day moving average price is $227.70 and its two-hundred day moving average price is $211.31.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, beating analysts’ consensus estimates of $2.32 by $0.29. The business had revenue of $20.16 billion for the quarter, compared to the consensus estimate of $20.01 billion. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. T-Mobile US’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period last year, the company posted $1.82 EPS. On average, analysts predict that T-Mobile US, Inc. will post 9.3 earnings per share for the current year.

T-Mobile US Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend is Friday, February 28th. T-Mobile US’s dividend payout ratio (DPR) is presently 40.14%.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Letitia A. Long sold 1,100 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $231.08, for a total value of $254,188.00. Following the sale, the director now owns 5,653 shares of the company’s stock, valued at approximately $1,306,295.24. This trade represents a 16.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Raul Marcelo Claure sold 110,000 shares of T-Mobile US stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $224.30, for a total transaction of $24,673,000.00. Following the sale, the director now directly owns 1,441,204 shares in the company, valued at $323,262,057.20. This trade represents a 7.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 144,200 shares of company stock valued at $32,736,303. 0.67% of the stock is owned by 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.