Benjamin Edwards Inc. Has $37.29 Million Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Benjamin Edwards Inc. increased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 1.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 168,907 shares of the Wireless communications provider’s stock after buying an additional 3,118 shares during the period. Benjamin Edwards Inc.’s holdings in T-Mobile US were worth $37,285,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Rakuten Securities Inc. grew its holdings in shares of T-Mobile US by 93.9% in the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 62 shares in the last quarter. CoreFirst Bank & Trust bought a new stake in T-Mobile US in the 4th quarter valued at $28,000. Financial Life Planners bought a new position in shares of T-Mobile US in the fourth quarter valued at about $29,000. Bruce G. Allen Investments LLC lifted its position in T-Mobile US by 79.3% during the fourth quarter. Bruce G. Allen Investments LLC now owns 165 shares of the Wireless communications provider’s stock worth $36,000 after acquiring an additional 73 shares during the last quarter. Finally, Albion Financial Group UT acquired a new stake in T-Mobile US during the 4th quarter worth approximately $39,000. 42.49% of the stock is owned by institutional investors.

Insider Transactions at T-Mobile US

In related news, Director Srikant M. Datar sold 730 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total transaction of $191,990.00. Following the completion of the transaction, the director now owns 3,291 shares in the company, valued at approximately $865,533. This represents a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.67% of the company’s stock.

T-Mobile US Trading Up 0.8 %

Shares of T-Mobile US stock opened at $248.88 on Friday. T-Mobile US, Inc. has a 52 week low of $161.61 and a 52 week high of $276.49. The stock has a 50 day moving average price of $258.13 and a two-hundred day moving average price of $241.76. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. The stock has a market capitalization of $282.59 billion, a PE ratio of 25.74, a price-to-earnings-growth ratio of 1.55 and a beta of 0.69.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.48 by $0.10. The business had revenue of $20.89 billion for the quarter, compared to analysts’ expectations of $20.67 billion. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter last year, the firm earned $2.00 EPS. As a group, equities analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Friday, May 30th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US’s dividend payout ratio (DPR) is presently 34.34%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on TMUS. JPMorgan Chase & Co. lifted their price objective on shares of T-Mobile US from $265.00 to $270.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 18th. Bank of America raised their price objective on T-Mobile US from $240.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Scotiabank raised shares of T-Mobile US from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $275.00 to $277.50 in a research note on Wednesday. Barclays upped their price objective on T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Finally, Tigress Financial increased their price objective on T-Mobile US from $290.00 to $305.00 and gave the company a “buy” rating in a report on Tuesday, April 29th. Ten equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $257.68.

T-Mobile US 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.