Howard Capital Management Inc. Has $3.31 Million Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Howard Capital Management Inc. lifted its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 2.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,991 shares of the Wireless communications provider’s stock after acquiring an additional 426 shares during the period. Howard Capital Management Inc.’s holdings in T-Mobile US were worth $3,309,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. DT Investment Partners LLC raised its position in shares of T-Mobile US by 65.3% in the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 47 shares during the period. Dunhill Financial LLC raised its position in shares of T-Mobile US by 76.7% in the 3rd quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock valued at $27,000 after acquiring an additional 56 shares during the period. Financial Life Planners acquired a new stake in shares of T-Mobile US in the 4th quarter valued at approximately $29,000. Legacy Investment Solutions LLC acquired a new stake in shares of T-Mobile US in the 3rd quarter valued at approximately $34,000. Finally, Bruce G. Allen Investments LLC raised its position in shares of 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 acquiring an additional 73 shares during the period. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at T-Mobile US

In other news, Director Srikant M. Datar sold 1,000 shares of T-Mobile US stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $247.19, for a total transaction of $247,190.00. Following the completion of the sale, the director now owns 5,021 shares of the company’s stock, valued at approximately $1,241,140.99. This trade represents a 16.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Andre Almeida bought 3,808 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were purchased at an average cost of $235.72 per share, with a total value of $897,621.76. Following the acquisition, the director now directly owns 3,808 shares of the company’s stock, valued at approximately $897,621.76. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders sold 3,100 shares of company stock valued at $747,378 in the last quarter. 0.67% of the stock is currently owned by insiders.

T-Mobile US Trading Down 0.1 %

Shares of T-Mobile US stock opened at $265.17 on Friday. The business has a fifty day simple moving average of $230.98 and a two-hundred day simple moving average of $221.42. T-Mobile US, Inc. has a 1 year low of $158.84 and a 1 year high of $271.41. The company has a market capitalization of $302.76 billion, a price-to-earnings ratio of 27.42, a P/E/G ratio of 1.55 and a beta of 0.56. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, beating 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%. Research analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders of record on Friday, May 30th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US’s dividend payout ratio is 36.40%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TMUS. Oppenheimer increased their price target on shares of T-Mobile US from $250.00 to $275.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Scotiabank increased their target price 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. Morgan Stanley started coverage on T-Mobile US in a research note on Monday, December 16th. They set an “overweight” rating and a $280.00 target price for the company. Bank of America increased their target price on T-Mobile US from $240.00 to $255.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Finally, Evercore ISI raised T-Mobile US to a “strong-buy” rating in a research note on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $251.79.

About T-Mobile US

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.