Mitchell Mcleod Pugh & Williams Inc. boosted its holdings in T-Mobile US, Inc. (NASDAQ:TMUS – Free Report) by 6.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,855 shares of the Wireless communications provider’s stock after purchasing an additional 338 shares during the quarter. Mitchell Mcleod Pugh & Williams Inc.’s holdings in T-Mobile US were worth $1,292,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in TMUS. FMR LLC increased its holdings in T-Mobile US by 13.4% in the 3rd quarter. FMR LLC now owns 12,893,770 shares of the Wireless communications provider’s stock worth $2,660,758,000 after buying an additional 1,522,394 shares in the last quarter. Barclays PLC boosted its holdings in shares of 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 acquiring an additional 876,182 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of T-Mobile US by 4.0% in the third 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. Franklin Resources Inc. raised its holdings in shares of T-Mobile US by 9.9% during the third 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 last quarter. Finally, Nordea Investment Management AB lifted its position in T-Mobile US by 36.9% during the fourth quarter. Nordea Investment Management AB now owns 1,473,540 shares of the Wireless communications provider’s stock valued at $324,960,000 after purchasing an additional 397,345 shares during the period. Institutional investors own 42.49% of the company’s stock.
Wall Street Analysts Forecast Growth
TMUS has been the subject of a number of research reports. The Goldman Sachs Group upped their price objective on T-Mobile US from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Barclays upped their price target on shares of T-Mobile US from $215.00 to $230.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. UBS Group boosted their target price on shares of T-Mobile US from $210.00 to $255.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Raymond James downgraded shares of T-Mobile US from an “outperform” rating to a “market perform” rating in a research report on Friday, October 25th. Finally, Scotiabank boosted their price objective on shares of T-Mobile US from $236.00 to $237.00 and gave the company a “sector perform” rating in a research report on Thursday, October 24th. Seven research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $245.74.
Insider Transactions at T-Mobile US
In other news, Director Raul Marcelo Claure sold 110,000 shares of the firm’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $224.30, for a total value of $24,673,000.00. Following the completion of the sale, the director now owns 1,441,204 shares in the company, valued at approximately $323,262,057.20. This trade represents a 7.09 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Andre Almeida purchased 3,808 shares of the business’s stock in a transaction that occurred on 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. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 164,200 shares of company stock worth $37,407,303 in the last three months. Insiders own 0.67% of the company’s stock.
T-Mobile US Trading Up 1.5 %
Shares of T-Mobile US stock opened at $218.97 on Monday. T-Mobile US, Inc. has a twelve month low of $158.84 and a twelve month high of $248.15. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. The business has a 50-day moving average price of $228.93 and a 200-day moving average price of $210.47. The firm has a market cap of $254.11 billion, a price-to-earnings ratio of 24.97, a PEG ratio of 1.05 and a beta of 0.56.
T-Mobile US (NASDAQ:TMUS – Get Free Report) last released its quarterly earnings data 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 the consensus estimate of $20.01 billion. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The company’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.82 EPS. Equities research analysts anticipate that T-Mobile US, Inc. will post 9.31 EPS for the current fiscal year.
T-Mobile US Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Friday, February 28th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.61%. T-Mobile US’s payout ratio is currently 40.14%.
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.
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