J.Safra Asset Management Corp Has $432,000 Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

J.Safra Asset Management Corp boosted its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 67.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,960 shares of the Wireless communications provider’s stock after purchasing an additional 789 shares during the period. J.Safra Asset Management Corp’s holdings in T-Mobile US were worth $432,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Dunhill Financial LLC increased its stake 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 buying an additional 56 shares during the period. Financial Life Planners acquired a new stake in T-Mobile US in the fourth quarter worth about $29,000. Legacy Investment Solutions LLC acquired a new stake in T-Mobile US in the third quarter worth about $34,000. Bruce G. Allen Investments LLC lifted its position in T-Mobile US by 79.3% during the 4th quarter. Bruce G. Allen Investments LLC now owns 165 shares of the Wireless communications provider’s stock valued at $36,000 after purchasing an additional 73 shares during the period. Finally, Planning Capital Management Corp lifted its position in T-Mobile US by 134.7% during the 3rd quarter. Planning Capital Management Corp now owns 176 shares of the Wireless communications provider’s stock valued at $36,000 after purchasing an additional 101 shares during the period. 42.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Bank of America raised their target price on shares of T-Mobile US from $240.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Sanford C. Bernstein assumed coverage on shares of T-Mobile US in a research note on Tuesday, December 10th. They set a “market perform” rating and a $265.00 price objective on the stock. Oppenheimer lifted their price objective on shares of T-Mobile US from $250.00 to $275.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Benchmark reissued a “buy” rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Finally, Scotiabank lifted their target price on T-Mobile US from $247.00 to $275.00 and gave the stock a “sector perform” rating in a report on Monday. Seven investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $253.26.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $264.65 on Wednesday. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. The firm’s fifty day moving average price is $237.38 and its two-hundred day moving average price is $225.22. The firm has a market capitalization of $302.16 billion, a P/E ratio of 27.37, a price-to-earnings-growth ratio of 1.55 and a beta of 0.56. T-Mobile US, Inc. has a 1 year low of $158.84 and a 1 year high of $276.49.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. As a group, research analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

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

Insider Buying and Selling

In other T-Mobile US news, Director Andre Almeida purchased 3,808 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were bought at an average price of $235.72 per share, for a total transaction of $897,621.76. Following the purchase, the director now owns 3,808 shares in the company, valued at approximately $897,621.76. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Letitia A. Long sold 1,100 shares of T-Mobile US stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $231.08, for a total value of $254,188.00. Following the completion of the transaction, the director now owns 5,653 shares in the company, valued at approximately $1,306,295.24. This represents a 16.29 % decrease in their position. The disclosure for this sale can be found here. 0.67% of the stock is owned by company insiders.

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.