Savvy Advisors Inc. Buys 2,809 Shares of T-Mobile US, Inc. $TMUS

Savvy Advisors Inc. increased its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 35.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 10,645 shares of the Wireless communications provider’s stock after purchasing an additional 2,809 shares during the quarter. Savvy Advisors Inc.’s holdings in T-Mobile US were worth $2,161,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Stratos Investment Management LLC raised its stake in T-Mobile US by 8.3% during the 4th quarter. Stratos Investment Management LLC now owns 10,091 shares of the Wireless communications provider’s stock worth $2,049,000 after buying an additional 772 shares during the period. Perpetual Ltd grew its stake in T-Mobile US by 20.0% in the fourth quarter. Perpetual Ltd now owns 3,363 shares of the Wireless communications provider’s stock valued at $683,000 after acquiring an additional 561 shares during the period. Cigna Investments Inc. New increased its holdings in shares of T-Mobile US by 4.4% during the fourth quarter. Cigna Investments Inc. New now owns 4,700 shares of the Wireless communications provider’s stock valued at $954,000 after acquiring an additional 198 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of T-Mobile US by 2,275.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 285 shares of the Wireless communications provider’s stock valued at $58,000 after acquiring an additional 273 shares in the last quarter. Finally, SteelPeak Wealth LLC raised its position in shares of T-Mobile US by 39.7% during the fourth quarter. SteelPeak Wealth LLC now owns 78,407 shares of the Wireless communications provider’s stock worth $15,920,000 after purchasing an additional 22,299 shares during the period. 42.49% of the stock is owned by institutional investors.

T-Mobile US Price Performance

TMUS opened at $201.40 on Monday. T-Mobile US, Inc. has a 1 year low of $181.36 and a 1 year high of $272.60. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.00 and a quick ratio of 0.90. The company has a market capitalization of $221.91 billion, a price-to-earnings ratio of 20.74, a P/E/G ratio of 1.32 and a beta of 0.43. The firm’s fifty day moving average price is $209.32 and its two-hundred day moving average price is $210.31.

T-Mobile US Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Friday, May 29th will be issued a dividend of $1.02 per share. The ex-dividend date is Friday, May 29th. This represents a $4.08 annualized dividend and a yield of 2.0%. T-Mobile US’s payout ratio is 42.02%.

Insiders Place Their Bets

In other T-Mobile US news, CFO Peter Osvaldik sold 27,000 shares of the stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $214.86, for a total value of $5,801,220.00. Following the completion of the sale, the chief financial officer owned 51,573 shares in the company, valued at approximately $11,080,974.78. This trade represents a 34.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Raul Marcelo Claure sold 550,000 shares of T-Mobile US stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $217.57, for a total transaction of $119,663,500.00. Following the transaction, the director directly owned 891,204 shares in the company, valued at approximately $193,899,254.28. This represents a 38.16% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 694,134 shares of company stock worth $150,847,799 in the last ninety days. 0.37% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on TMUS shares. Wells Fargo & Company increased their target price on T-Mobile US from $225.00 to $235.00 and gave the stock an “overweight” rating in a report on Friday, February 13th. Argus lowered their price objective on shares of T-Mobile US from $275.00 to $245.00 and set a “buy” rating on the stock in a report on Tuesday, December 9th. TD Cowen dropped their price objective on shares of T-Mobile US from $263.00 to $252.00 and set a “buy” rating on the stock in a research note on Thursday, February 12th. BNP Paribas Exane reduced their price objective on shares of T-Mobile US from $300.00 to $275.00 and set an “outperform” rating for the company in a report on Friday, January 16th. Finally, Morgan Stanley lowered their target price on shares of T-Mobile US from $280.00 to $260.00 and set an “overweight” rating on the stock in a report on Wednesday, December 10th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $257.26.

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.