NorthCrest Asset Manangement LLC Purchases 83,633 Shares of T-Mobile US, Inc. $TMUS

NorthCrest Asset Manangement LLC lifted its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 5,643.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 85,115 shares of the Wireless communications provider’s stock after purchasing an additional 83,633 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in T-Mobile US were worth $17,096,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in TMUS. L2 Asset Management LLC increased its position in shares of T-Mobile US by 2.2% in the 2nd quarter. L2 Asset Management LLC now owns 2,082 shares of the Wireless communications provider’s stock valued at $496,000 after buying an additional 45 shares in the last quarter. City Holding Co. lifted its holdings in T-Mobile US by 48.4% during the third quarter. City Holding Co. now owns 141 shares of the Wireless communications provider’s stock worth $34,000 after acquiring an additional 46 shares in the last quarter. New Republic Capital LLC lifted its holdings in T-Mobile US by 4.7% during the third quarter. New Republic Capital LLC now owns 1,073 shares of the Wireless communications provider’s stock worth $257,000 after acquiring an additional 48 shares in the last quarter. CYBER HORNET ETFs LLC grew its stake in T-Mobile US by 3.8% in the third quarter. CYBER HORNET ETFs LLC now owns 1,319 shares of the Wireless communications provider’s stock valued at $316,000 after acquiring an additional 48 shares during the period. Finally, Appleton Partners Inc. MA grew its stake in T-Mobile US by 5.3% in the third quarter. Appleton Partners Inc. MA now owns 971 shares of the Wireless communications provider’s stock valued at $232,000 after acquiring an additional 49 shares during the period. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Trading Up 0.9%

NASDAQ:TMUS opened at $208.47 on Friday. T-Mobile US, Inc. has a twelve month low of $181.36 and a twelve month high of $272.60. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.45. The business has a 50 day moving average price of $205.25 and a two-hundred day moving average price of $213.02. The company has a market cap of $229.70 billion, a P/E ratio of 21.47, a price-to-earnings-growth ratio of 1.36 and a beta of 0.43.

T-Mobile US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 29th will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, May 29th. T-Mobile US’s payout ratio is currently 42.02%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Morgan Stanley dropped their price target on T-Mobile US from $280.00 to $260.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 10th. KeyCorp raised T-Mobile US from an “underweight” rating to a “sector weight” rating in a research note on Tuesday, December 2nd. Daiwa Securities Group upgraded shares of T-Mobile US from a “neutral” rating to an “outperform” rating and set a $240.00 target price on the stock in a report on Thursday, February 19th. Wall Street Zen lowered shares of T-Mobile US from a “hold” rating to a “sell” rating in a research note on Saturday, March 14th. Finally, Wells Fargo & Company upped their price target on shares of T-Mobile US from $225.00 to $235.00 and gave the company an “overweight” rating in a report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $257.30.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, insider Mark Wolfe Nelson sold 10,240 shares of the business’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $220.80, for a total transaction of $2,260,992.00. Following the sale, the insider directly owned 74,280 shares of the company’s stock, valued at $16,401,024. The trade was a 12.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Raul Marcelo Claure sold 550,000 shares of the stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $217.57, for a total transaction of $119,663,500.00. Following the transaction, the director owned 891,204 shares of the company’s stock, valued at approximately $193,899,254.28. This represents a 38.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 694,134 shares of company stock valued at $150,847,799 in the last three months. 0.37% of the stock is currently owned by insiders.

T-Mobile US Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.