New Age Alpha Advisors LLC Buys 57,639 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

New Age Alpha Advisors LLC increased its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 51,463.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 57,751 shares of the Wireless communications provider’s stock after purchasing an additional 57,639 shares during the period. New Age Alpha Advisors LLC’s holdings in T-Mobile US were worth $12,747,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of TMUS. Wellington Management Group LLP raised its holdings in shares of T-Mobile US by 4.0% during the 3rd quarter. Wellington Management Group LLP now owns 15,524,529 shares of the Wireless communications provider’s stock worth $3,203,642,000 after acquiring an additional 602,786 shares in the last quarter. Norges Bank purchased a new stake in T-Mobile US during the fourth quarter valued at $1,802,393,000. Franklin Resources Inc. lifted its position in T-Mobile US by 9.9% during the third quarter. Franklin Resources Inc. now owns 6,553,703 shares of the Wireless communications provider’s stock valued at $1,448,426,000 after purchasing an additional 590,711 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of T-Mobile US by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,230,038 shares of the Wireless communications provider’s stock worth $712,966,000 after buying an additional 85,012 shares in the last quarter. Finally, Barclays PLC increased its holdings in shares of T-Mobile US by 38.3% in the 3rd quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock worth $653,160,000 after buying an additional 876,182 shares during the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Royal Bank of Canada lifted their price target on T-Mobile US from $245.00 to $260.00 and gave the stock a “sector perform” rating in a research report on Friday, March 21st. Scotiabank raised their price target on T-Mobile US from $247.00 to $275.00 and gave the stock a “sector perform” rating in a research report on Monday, March 3rd. UBS Group cut shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 21st. Oppenheimer raised their target price on shares of T-Mobile US from $250.00 to $275.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Finally, Evercore ISI upgraded shares of T-Mobile US to a “strong-buy” rating in a report on Thursday, January 23rd. Eleven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, T-Mobile US presently has an average rating of “Moderate Buy” and an average target price of $256.80.

Insider Activity at T-Mobile US

In other news, Director Srikant M. Datar sold 730 shares of the business’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 sale, the director now owns 3,291 shares in the company, valued at approximately $865,533. The trade was a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.67% of the stock is currently owned by corporate insiders.

T-Mobile US Stock Up 2.2 %

Shares of NASDAQ TMUS opened at $268.28 on Friday. The stock has a market capitalization of $306.31 billion, a PE ratio of 27.74, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. T-Mobile US, Inc. has a 12-month low of $159.14 and a 12-month high of $276.49. The stock’s fifty day simple moving average is $252.00 and its two-hundred day simple moving average is $232.15.

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 analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. As a group, analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The company 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 $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.31%. The ex-dividend date is Friday, May 30th. T-Mobile US’s dividend payout ratio is currently 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.