T-Mobile US, Inc. (NASDAQ:TMUS) Shares Acquired by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC lifted its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 737.8% in the fourth quarter, Holdings Channel reports. The firm owned 56,521 shares of the Wireless communications provider’s stock after buying an additional 49,775 shares during the period. Exchange Traded Concepts LLC’s holdings in T-Mobile US were worth $12,476,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its stake in shares of T-Mobile US by 23.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,290 shares of the Wireless communications provider’s stock worth $235,000 after acquiring an additional 246 shares during the last quarter. Toronto Dominion Bank boosted its stake in T-Mobile US by 39.1% in the 2nd quarter. Toronto Dominion Bank now owns 288,548 shares of the Wireless communications provider’s stock worth $50,836,000 after purchasing an additional 81,164 shares in the last quarter. APG Asset Management N.V. grew its position in T-Mobile US by 14.1% during the 2nd quarter. APG Asset Management N.V. now owns 1,840,744 shares of the Wireless communications provider’s stock worth $302,591,000 after purchasing an additional 227,834 shares during the last quarter. DoubleLine ETF Adviser LP increased its stake in T-Mobile US by 3.3% during the 2nd quarter. DoubleLine ETF Adviser LP now owns 25,207 shares of the Wireless communications provider’s stock valued at $4,441,000 after purchasing an additional 805 shares in the last quarter. Finally, Delta Investment Management LLC raised its holdings in shares of T-Mobile US by 46.2% in the second quarter. Delta Investment Management LLC now owns 1,900 shares of the Wireless communications provider’s stock worth $335,000 after buying an additional 600 shares during the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TMUS has been the topic of a number of research analyst reports. Royal Bank of Canada lowered shares of T-Mobile US from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from $255.00 to $240.00 in a report on Monday, January 6th. Citigroup increased their price objective on T-Mobile US from $210.00 to $254.00 and gave the company a “buy” rating in a report on Monday, October 21st. Bank of America lifted their target price on T-Mobile US from $220.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. KeyCorp downgraded shares of T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 price target on the stock. in a report on Thursday, December 12th. Finally, The Goldman Sachs Group lifted their price objective on shares of T-Mobile US from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Seven analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, T-Mobile US currently has an average rating of “Moderate Buy” and an average price target of $245.74.

T-Mobile US Stock Up 0.4 %

T-Mobile US stock opened at $216.92 on Friday. T-Mobile US, Inc. has a 12 month low of $158.84 and a 12 month high of $248.15. The stock has a market capitalization of $251.73 billion, a PE ratio of 24.80, a price-to-earnings-growth ratio of 1.08 and a beta of 0.56. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99. The business has a 50 day simple moving average of $227.70 and a 200-day simple moving average of $211.31.

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

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Friday, February 28th will be paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date is Friday, February 28th. T-Mobile US’s dividend payout ratio is presently 40.14%.

Insider Buying and Selling

In other T-Mobile US news, EVP Nestor Cano sold 11,100 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $230.75, for a total value of $2,561,325.00. Following the completion of the sale, the executive vice president now owns 4,400 shares in the company, valued at approximately $1,015,300. This represents a 71.61 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Raul Marcelo Claure sold 110,000 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $224.30, for a total value of $24,673,000.00. Following the transaction, the director now owns 1,441,204 shares in the company, valued at approximately $323,262,057.20. This represents a 7.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 144,200 shares of company stock worth $32,736,303. 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.