Janney Montgomery Scott LLC Raises Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Janney Montgomery Scott LLC boosted its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 4.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 197,086 shares of the Wireless communications provider’s stock after acquiring an additional 8,689 shares during the quarter. Janney Montgomery Scott LLC’s holdings in T-Mobile US were worth $43,503,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in TMUS. Wellington Management Group LLP boosted its position in 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 during the period. FMR LLC lifted its position in shares of T-Mobile US by 13.4% during the 3rd quarter. FMR LLC now owns 12,893,770 shares of the Wireless communications provider’s stock valued at $2,660,758,000 after acquiring an additional 1,522,394 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of T-Mobile US by 9.9% in the 3rd 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 period. Legal & General Group Plc increased its position in shares of T-Mobile US by 6.8% in the second quarter. Legal & General Group Plc now owns 4,751,007 shares of the Wireless communications provider’s stock worth $837,032,000 after acquiring an additional 303,582 shares in the last quarter. Finally, Barclays PLC raised its stake in T-Mobile US by 38.3% during the 3rd quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock valued at $653,160,000 after purchasing an additional 876,182 shares during the period. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TMUS has been the topic of several research analyst reports. Royal Bank of Canada cut shares of T-Mobile US from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from $255.00 to $240.00 in a report on Monday, January 6th. UBS Group increased their target price on T-Mobile US from $210.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Daiwa America upgraded shares of T-Mobile US to a “hold” rating in a report on Friday, October 25th. KeyCorp downgraded T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 price objective on the stock. in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. boosted their price target on shares of T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Seven equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $245.74.

T-Mobile US Stock Performance

Shares of NASDAQ TMUS opened at $216.04 on Friday. The stock has a market cap of $250.71 billion, a price-to-earnings ratio of 24.63, a P/E/G ratio of 1.09 and a beta of 0.56. The stock’s 50-day moving average is $227.70 and its 200 day moving average is $211.31. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23. T-Mobile US, Inc. has a 1-year low of $158.84 and a 1-year high of $248.15.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.32 by $0.29. The business had revenue of $20.16 billion for the quarter, compared to analyst estimates of $20.01 billion. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The company’s revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.82 EPS. On average, sell-side analysts anticipate that T-Mobile US, Inc. will post 9.3 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Friday, February 28th will be given a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $3.52 annualized dividend and a yield of 1.63%. T-Mobile US’s payout ratio is 40.14%.

Insider Buying and Selling

In other news, Director Andre Almeida purchased 3,808 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were purchased at an average price of $235.72 per share, for a total transaction of $897,621.76. Following the completion of the acquisition, the director now directly owns 3,808 shares in the company, valued at $897,621.76. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO G Michael Sievert sold 20,000 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $237.73, for a total value of $4,754,600.00. Following the sale, the chief executive officer now directly owns 378,124 shares in the company, valued at $89,891,418.52. This trade represents a 5.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 144,200 shares of company stock valued at $32,736,303 over the last ninety days. Company insiders own 0.67% of the company’s stock.

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.