Louisbourg Investments Inc. Grows Stock Holdings in T-Mobile US, Inc. $TMUS

Louisbourg Investments Inc. grew its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 53.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,923 shares of the Wireless communications provider’s stock after purchasing an additional 14,604 shares during the quarter. T-Mobile US comprises about 1.6% of Louisbourg Investments Inc.’s holdings, making the stock its 15th biggest holding. Louisbourg Investments Inc.’s holdings in T-Mobile US were worth $8,512,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in TMUS. Howard Hughes Medical Institute purchased a new position in shares of T-Mobile US during the second quarter valued at approximately $25,000. United Community Bank raised its position in T-Mobile US by 131.1% in the 3rd quarter. United Community Bank now owns 104 shares of the Wireless communications provider’s stock worth $25,000 after buying an additional 59 shares during the last quarter. Elevation Wealth Partners LLC grew its position in T-Mobile US by 190.0% in the 3rd quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 76 shares during the period. CoreFirst Bank & Trust bought a new stake in shares of T-Mobile US in the second quarter worth $31,000. Finally, City Holding Co. grew its stake in shares of T-Mobile US by 48.4% during the 3rd quarter. City Holding Co. now owns 141 shares of the Wireless communications provider’s stock valued at $34,000 after purchasing an additional 46 shares during the period. 42.49% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Mark Wolfe Nelson sold 2,329 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $222.38, for a total value of $517,923.02. Following the completion of the sale, the insider directly owned 65,677 shares in the company, valued at $14,605,251.26. The trade was a 3.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Srikant M. Datar sold 3,291 shares of T-Mobile US stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $221.10, for a total transaction of $727,640.10. Following the completion of the sale, the director owned 1,038 shares in the company, valued at approximately $229,501.80. This trade represents a 76.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 694,134 shares of company stock valued at $150,847,799 in the last 90 days. Corporate insiders own 0.37% of the company’s stock.

T-Mobile US Stock Down 1.4%

TMUS stock opened at $201.40 on Friday. T-Mobile US, Inc. has a one year low of $181.36 and a one year high of $272.60. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.90 and a current ratio of 1.00. The firm’s fifty day moving average is $209.02 and its 200 day moving average is $210.97. The firm has a market cap of $221.91 billion, a PE ratio of 20.74, a P/E/G ratio of 1.33 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. Shareholders of record on Friday, May 29th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, May 29th. T-Mobile US’s dividend payout ratio (DPR) is presently 42.02%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. reiterated a “buy” rating on shares of T-Mobile US in a research note on Thursday, February 12th. Sanford C. Bernstein restated a “neutral” rating on shares of T-Mobile US in a research report on Thursday, February 19th. Wolfe Research restated an “outperform” rating and set a $255.00 price objective on shares of T-Mobile US in a research report on Thursday, February 12th. UBS Group reiterated a “buy” rating on shares of T-Mobile US in a report on Thursday, February 12th. Finally, Barclays lifted their target price on T-Mobile US from $240.00 to $245.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, T-Mobile US presently has a consensus rating of “Moderate Buy” and a consensus target price of $257.26.

About T-Mobile US

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.