HM Payson & Co. Has $285,000 Position in T-Mobile US, Inc. (NASDAQ:TMUS)

HM Payson & Co. grew its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 413.1% during the 4th quarter, HoldingsChannel reports. The firm owned 1,293 shares of the Wireless communications provider’s stock after purchasing an additional 1,041 shares during the quarter. HM Payson & Co.’s holdings in T-Mobile US were worth $285,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of TMUS. M&G PLC acquired a new stake in T-Mobile US in the third quarter worth $681,000. Principal Financial Group Inc. raised its holdings in T-Mobile US by 2.5% in the third quarter. Principal Financial Group Inc. now owns 1,978,567 shares of the Wireless communications provider’s stock worth $408,297,000 after purchasing an additional 47,350 shares during the period. Fiera Capital Corp acquired a new stake in T-Mobile US in the third quarter worth $483,000. CWA Asset Management Group LLC acquired a new stake in T-Mobile US in the third quarter worth $388,000. Finally, Verdence Capital Advisors LLC raised its holdings in T-Mobile US by 6.0% in the third quarter. Verdence Capital Advisors LLC now owns 5,471 shares of the Wireless communications provider’s stock worth $1,129,000 after purchasing an additional 308 shares during the period. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Stock Performance

Shares of TMUS opened at $265.24 on Monday. The firm has a 50-day moving average of $239.80 and a 200-day moving average of $226.64. T-Mobile US, Inc. has a one year low of $158.84 and a one year high of $276.49. The company has a market cap of $302.84 billion, a PE ratio of 27.43, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64. 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 data on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, beating analysts’ consensus estimates 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, equities analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Announces Dividend

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

Analyst Ratings Changes

Several research firms have weighed in on TMUS. JPMorgan Chase & Co. increased their target price on shares of T-Mobile US from $250.00 to $265.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. KeyCorp lowered shares of T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 price objective on the stock. in a report on Thursday, December 12th. Barclays raised their price objective on shares of T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Morgan Stanley began coverage on shares of T-Mobile US in a report on Monday, December 16th. They set an “overweight” rating and a $280.00 price objective on the stock. Finally, Sanford C. Bernstein began coverage on shares of T-Mobile US in a report on Tuesday, December 10th. They set a “market perform” rating and a $265.00 price objective on the stock. Nine research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $254.10.

Insider Activity

In other news, Director Srikant M. Datar sold 730 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total transaction of $191,990.00. Following the completion of the sale, the director now owns 3,291 shares in the company, valued at approximately $865,533. This trade represents a 18.15 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Letitia A. Long sold 1,100 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $231.08, for a total transaction 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 represents a 16.29 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.67% of the company’s stock.

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.