Delta Investment Management LLC Makes New $211,000 Investment in T-Mobile US, Inc. (NASDAQ:TMUS)

Delta Investment Management LLC acquired a new position in T-Mobile US, Inc. (NASDAQ:TMUS) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,315 shares of the Wireless communications provider’s stock, valued at approximately $211,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Financial Counselors Inc. purchased a new position in T-Mobile US during the third quarter valued at approximately $218,000. Caprock Group LLC grew its stake in T-Mobile US by 105.8% during the fourth quarter. Caprock Group LLC now owns 23,063 shares of the Wireless communications provider’s stock valued at $3,698,000 after acquiring an additional 11,854 shares in the last quarter. Cerity Partners LLC grew its stake in T-Mobile US by 136.8% during the fourth quarter. Cerity Partners LLC now owns 62,967 shares of the Wireless communications provider’s stock valued at $10,096,000 after acquiring an additional 36,374 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in T-Mobile US by 11.5% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 237,481 shares of the Wireless communications provider’s stock worth $38,075,000 after buying an additional 24,412 shares in the last quarter. Finally, STF Management LP grew its stake in T-Mobile US by 150.7% in the 3rd quarter. STF Management LP now owns 19,321 shares of the Wireless communications provider’s stock worth $2,706,000 after buying an additional 11,614 shares in the last quarter. Institutional investors own 42.49% of the company’s stock.

Insider Transactions at T-Mobile US

In other news, CEO G Michael Sievert sold 40,000 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $161.05, for a total value of $6,442,000.00. Following the transaction, the chief executive officer now owns 496,036 shares in the company, valued at approximately $79,886,597.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other T-Mobile US news, insider Michael J. Katz sold 3,000 shares of T-Mobile US stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $163.22, for a total transaction of $489,660.00. Following the transaction, the insider now owns 125,687 shares of the company’s stock, valued at $20,514,632.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO G Michael Sievert sold 40,000 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $161.05, for a total transaction of $6,442,000.00. Following the completion of the transaction, the chief executive officer now directly owns 496,036 shares in the company, valued at approximately $79,886,597.80. The disclosure for this sale can be found here. Insiders have sold 6,180,319 shares of company stock worth $1,002,629,987 in the last quarter. Company insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

TMUS has been the subject of a number of research reports. Oppenheimer reissued an “outperform” rating and issued a $190.00 price target on shares of T-Mobile US in a research note on Wednesday, April 3rd. Wells Fargo & Company upped their price objective on shares of T-Mobile US from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Monday, January 22nd. Morgan Stanley upped their price objective on shares of T-Mobile US from $180.00 to $186.00 and gave the stock an “overweight” rating in a report on Monday, January 29th. Raymond James upped their target price on shares of T-Mobile US from $180.00 to $185.00 and gave the stock a “strong-buy” rating in a research report on Friday, January 26th. Finally, Tigress Financial upped their target price on shares of T-Mobile US from $204.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. 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 company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $186.33.

T-Mobile US Stock Performance

Shares of NASDAQ TMUS traded down $0.09 during trading on Friday, reaching $163.96. 7,969,001 shares of the company traded hands, compared to its average volume of 3,837,128. The firm has a 50 day simple moving average of $162.51 and a 200-day simple moving average of $156.98. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $194.60 billion, a PE ratio of 22.31, a P/E/G ratio of 0.68 and a beta of 0.49. T-Mobile US, Inc. has a 52-week low of $124.92 and a 52-week high of $168.64.

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

T-Mobile US Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Friday, May 31st will be paid 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 dividend payout ratio (DPR) is presently 35.37%.

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.