Counterpoint Mutual Funds LLC Acquires Shares of 4,925 T-Mobile US, Inc. (NASDAQ:TMUS)

Counterpoint Mutual Funds LLC acquired a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) in the 4th quarter, HoldingsChannel reports. The fund acquired 4,925 shares of the Wireless communications provider’s stock, valued at approximately $1,087,000.

A number of other hedge funds have also recently modified their holdings of the stock. Signaturefd LLC boosted its position in T-Mobile US by 0.4% in the 4th quarter. Signaturefd LLC now owns 11,324 shares of the Wireless communications provider’s stock worth $2,499,000 after purchasing an additional 41 shares in the last quarter. Parallel Advisors LLC lifted its stake in shares of T-Mobile US by 1.7% in the 4th quarter. Parallel Advisors LLC now owns 12,342 shares of the Wireless communications provider’s stock valued at $2,724,000 after purchasing an additional 202 shares during the period. Cibc World Markets Corp boosted its holdings in T-Mobile US by 3.8% during the fourth quarter. Cibc World Markets Corp now owns 183,152 shares of the Wireless communications provider’s stock worth $40,427,000 after buying an additional 6,733 shares in the last quarter. SouthState Corp grew its position in T-Mobile US by 13.8% during the fourth quarter. SouthState Corp now owns 6,731 shares of the Wireless communications provider’s stock valued at $1,486,000 after buying an additional 817 shares during the period. Finally, First National Advisers LLC acquired a new position in shares of T-Mobile US in the fourth quarter worth about $1,415,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insider Buying and Selling at T-Mobile US

In related news, Director Srikant M. Datar sold 730 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was 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 directly owns 3,291 shares of the company’s stock, valued at approximately $865,533. This trade represents a 18.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. HSBC lowered T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 price target for the company. in a research note on Wednesday, March 5th. Scotiabank upped their target price on T-Mobile US from $247.00 to $275.00 and gave the stock a “sector perform” rating in a research note on Monday, March 3rd. Benchmark reissued a “buy” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Tigress Financial restated a “buy” rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Finally, Sanford C. Bernstein started 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. Ten analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $254.80.

T-Mobile US Price Performance

NASDAQ:TMUS opened at $255.98 on Monday. T-Mobile US, Inc. has a one year low of $158.84 and a one year high of $276.49. The stock has a market cap of $292.26 billion, a PE ratio of 26.47, a P/E/G ratio of 1.55 and a beta of 0.64. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. The stock has a 50 day moving average price of $243.67 and a 200 day moving average price of $228.70.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, topping 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%. Equities research analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

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 paid a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $3.52 annualized dividend and a yield of 1.38%. T-Mobile US’s dividend payout ratio (DPR) is 36.40%.

T-Mobile US Company Profile

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.