Seven Mile Advisory Buys Shares of 994 T-Mobile US, Inc. (NASDAQ:TMUS)

Seven Mile Advisory purchased a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 994 shares of the Wireless communications provider’s stock, valued at approximately $219,000.

Several other institutional investors have also recently made changes to their positions in the company. Signaturefd LLC raised its position in T-Mobile US by 0.4% in the fourth quarter. Signaturefd LLC now owns 11,324 shares of the Wireless communications provider’s stock valued at $2,499,000 after purchasing an additional 41 shares during the period. JSF Financial LLC raised its holdings in T-Mobile US by 0.9% in the 4th quarter. JSF Financial LLC now owns 5,062 shares of the Wireless communications provider’s stock valued at $1,117,000 after buying an additional 44 shares during the period. D Orazio & Associates Inc. raised its holdings in T-Mobile US by 3.7% in the 4th quarter. D Orazio & Associates Inc. now owns 1,316 shares of the Wireless communications provider’s stock valued at $290,000 after buying an additional 47 shares during the period. Warren Street Wealth Advisors LLC lifted its position in T-Mobile US by 4.3% in the fourth quarter. Warren Street Wealth Advisors LLC now owns 1,141 shares of the Wireless communications provider’s stock valued at $252,000 after buying an additional 47 shares during the last quarter. Finally, Relyea Zuckerberg Hanson LLC boosted its stake in T-Mobile US by 3.9% during the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 1,286 shares of the Wireless communications provider’s stock worth $284,000 after buying an additional 48 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Wall Street Analysts Forecast Growth

TMUS has been the topic of several recent analyst reports. Royal Bank of Canada upped their price objective on shares of T-Mobile US from $245.00 to $260.00 and gave the stock a “sector perform” rating in a report on Friday, March 21st. Evercore ISI upgraded T-Mobile US to a “strong-buy” rating in a research report on Thursday, January 23rd. Morgan Stanley initiated coverage on T-Mobile US in a report on Monday, December 16th. They issued an “overweight” rating and a $280.00 price objective on the stock. Barclays raised their target price on T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Finally, Wells Fargo & Company restated an “equal weight” rating on shares of T-Mobile US in a report on Wednesday, February 26th. Eleven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $256.80.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $264.93 on Monday. The company has a fifty day moving average of $252.92 and a two-hundred day moving average of $233.13. 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, Inc. has a 1 year low of $159.14 and a 1 year high of $276.49. The company has a market capitalization of $302.48 billion, a PE ratio of 27.40, a P/E/G ratio of 1.55 and a beta of 0.64.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, topping 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 earnings per share for the current year.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be issued a dividend of $0.88 per share. 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 is currently 36.40%.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of T-Mobile US stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total value of $191,990.00. Following the transaction, the director now directly owns 3,291 shares in the company, 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 SEC, which can be accessed through this hyperlink. 0.67% of the stock is currently owned by insiders.

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.