Alps Advisors Inc. Increases Holdings in T-Mobile US, Inc. $TMUS

Alps Advisors Inc. raised its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 20.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 160,857 shares of the Wireless communications provider’s stock after buying an additional 26,870 shares during the quarter. Alps Advisors Inc.’s holdings in T-Mobile US were worth $32,660,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Colonial Trust Co SC raised its stake in T-Mobile US by 17.7% during the 4th quarter. Colonial Trust Co SC now owns 710 shares of the Wireless communications provider’s stock valued at $144,000 after buying an additional 107 shares during the last quarter. Great Lakes Advisors LLC raised its stake in T-Mobile US by 28.0% during the 4th quarter. Great Lakes Advisors LLC now owns 89,925 shares of the Wireless communications provider’s stock valued at $18,259,000 after buying an additional 19,652 shares during the last quarter. Aviva PLC boosted its holdings in shares of T-Mobile US by 6.6% in the fourth quarter. Aviva PLC now owns 654,746 shares of the Wireless communications provider’s stock worth $132,940,000 after buying an additional 40,286 shares during the last quarter. Sustainable Insight Capital Management LLC boosted its holdings in shares of T-Mobile US by 59.4% in the fourth quarter. Sustainable Insight Capital Management LLC now owns 69,477 shares of the Wireless communications provider’s stock worth $14,107,000 after buying an additional 25,900 shares during the last quarter. Finally, Great Valley Advisor Group Inc. boosted its holdings in shares of T-Mobile US by 69.3% in the fourth quarter. Great Valley Advisor Group Inc. now owns 19,584 shares of the Wireless communications provider’s stock worth $3,977,000 after buying an additional 8,017 shares during the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS opened at $185.82 on Friday. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.09 and a quick ratio of 0.97. T-Mobile US, Inc. has a 1-year low of $174.02 and a 1-year high of $261.56. The company has a market capitalization of $201.09 billion, a P/E ratio of 19.77, a P/E/G ratio of 1.08 and a beta of 0.31. The firm’s 50 day simple moving average is $191.30 and its two-hundred day simple moving average is $199.77.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.26. T-Mobile US had a net margin of 11.65% and a return on equity of 19.47%. The business had revenue of $23.11 billion for the quarter, compared to the consensus estimate of $22.98 billion. During the same quarter in the previous year, the firm earned $2.58 earnings per share. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. Research analysts expect that T-Mobile US, Inc. will post 10.65 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Friday, May 29th were issued a dividend of $1.02 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $4.08 annualized dividend and a yield of 2.2%. T-Mobile US’s payout ratio is currently 43.40%.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, insider Michael J. Katz sold 5,000 shares of T-Mobile US stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $195.81, for a total transaction of $979,050.00. Following the transaction, the insider owned 181,930 shares of the company’s stock, valued at $35,623,713.30. The trade was a 2.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Andre Almeida purchased 5,097 shares of the stock in a transaction on Friday, May 1st. The shares were purchased at an average cost of $196.18 per share, for a total transaction of $999,929.46. Following the acquisition, the insider directly owned 44,850 shares of the company’s stock, valued at approximately $8,798,673. This represents a 12.82% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 0.32% of the company’s stock.

Analysts Set New Price Targets

TMUS has been the topic of a number of research reports. Wolfe Research reissued an “outperform” rating and issued a $255.00 price objective on shares of T-Mobile US in a report on Thursday, February 12th. Wells Fargo & Company raised their price objective on shares of T-Mobile US from $225.00 to $235.00 and gave the stock an “overweight” rating in a report on Friday, February 13th. Citigroup raised their price objective on shares of T-Mobile US from $220.00 to $225.00 and gave the stock a “neutral” rating in a report on Tuesday, March 17th. Weiss Ratings reissued a “hold (c+)” rating on shares of T-Mobile US in a report on Friday, April 10th. Finally, KeyCorp raised shares of T-Mobile US from a “sector weight” rating to an “overweight” rating and set a $260.00 price objective on the stock in a report on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $260.48.

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.