Delta Investment Management LLC Purchases New Shares in T-Mobile US, Inc. (NASDAQ:TMUS)

Delta Investment Management LLC purchased a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) in the fourth quarter, Holdings Channel.com reports. The firm purchased 1,315 shares of the Wireless communications provider’s stock, valued at approximately $211,000.

A number of other institutional investors have also made changes to their positions in TMUS. Valley National Advisers Inc. raised its holdings in T-Mobile US by 232.1% during the 4th quarter. Valley National Advisers Inc. now owns 176 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 123 shares during the last quarter. BluePath Capital Management LLC bought a new stake in T-Mobile US during the 3rd quarter worth about $26,000. Baker Avenue Asset Management LP raised its holdings in T-Mobile US by 63.3% during the 3rd quarter. Baker Avenue Asset Management LP now owns 209 shares of the Wireless communications provider’s stock worth $29,000 after purchasing an additional 81 shares during the last quarter. Bay Harbor Wealth Management LLC bought a new stake in T-Mobile US during the 4th quarter worth about $34,000. Finally, Raleigh Capital Management Inc. raised its holdings in T-Mobile US by 54.5% during the 3rd quarter. Raleigh Capital Management Inc. now owns 255 shares of the Wireless communications provider’s stock worth $36,000 after purchasing an additional 90 shares during the last quarter. 42.49% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Telekom Ag Deutsche sold 194,910 shares of the stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $161.40, for a total value of $31,458,474.00. Following the completion of the sale, the director now owns 689,541,011 shares of the company’s stock, valued at approximately $111,291,919,175.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Telekom Ag Deutsche sold 194,910 shares of the stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $161.40, for a total value of $31,458,474.00. Following the sale, the director now owns 689,541,011 shares in the company, valued at approximately $111,291,919,175.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Teresa Taylor sold 12,022 shares of the stock in a transaction on Monday, February 5th. The shares were sold at an average price of $161.80, for a total value of $1,945,159.60. Following the completion of the sale, the director now owns 13,014 shares in the company, valued at approximately $2,105,665.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,180,319 shares of company stock valued at $1,002,629,987. 0.70% of the stock is owned by insiders.

T-Mobile US Stock Down 0.1 %

NASDAQ:TMUS traded down $0.09 during trading hours on Friday, reaching $163.96. 7,969,001 shares of the stock were exchanged, compared to its average volume of 3,837,128. T-Mobile US, Inc. has a twelve month low of $124.92 and a twelve month high of $168.64. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.91 and a quick ratio of 0.83. The firm has a 50 day moving average of $162.51 and a 200 day moving average of $156.98. The stock has a market cap of $194.60 billion, a PE ratio of 22.31, a PEG ratio of 0.68 and a beta of 0.49.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.17. T-Mobile US had a return on equity of 13.45% and a net margin of 11.15%. The firm had revenue of $19.59 billion during the quarter, compared to the consensus estimate of $19.81 billion. During the same quarter in the prior year, the firm posted $1.58 EPS. The business’s revenue was down .2% on a year-over-year basis. On average, equities analysts expect that T-Mobile US, Inc. will post 8.83 earnings per share for the current year.

T-Mobile US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Friday, May 31st will be issued a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend is Friday, May 31st. T-Mobile US’s payout ratio is presently 35.37%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TMUS. Citigroup boosted their price objective on T-Mobile US from $176.00 to $184.00 and gave the stock a “buy” rating in a report on Monday, March 25th. Tigress Financial upped their price target on T-Mobile US from $204.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. Morgan Stanley upped their price target on T-Mobile US from $180.00 to $186.00 and gave the company an “overweight” rating in a research note on Monday, January 29th. TD Cowen lowered their price target on T-Mobile US from $204.00 to $202.00 and set a “buy” rating for the company in a research note on Friday. Finally, Wells Fargo & Company upped their price target on T-Mobile US from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Monday, January 22nd. One analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $186.33.

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.