Advisor Resource Council Acquires Shares of 1,770 T-Mobile US, Inc. (NASDAQ:TMUS)

Advisor Resource Council acquired a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,770 shares of the Wireless communications provider's stock, valued at approximately $463,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Geode Capital Management LLC raised its position in T-Mobile US by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 11,857,917 shares of the Wireless communications provider's stock valued at $2,610,542,000 after purchasing an additional 90,755 shares during the period. Invesco Ltd. raised its position in T-Mobile US by 4.6% during the fourth quarter. Invesco Ltd. now owns 8,809,417 shares of the Wireless communications provider's stock valued at $1,944,503,000 after purchasing an additional 384,956 shares during the period. Norges Bank purchased a new stake in T-Mobile US during the fourth quarter valued at approximately $1,802,393,000. Capital International Investors raised its position in T-Mobile US by 36.2% during the fourth quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider's stock valued at $1,440,424,000 after purchasing an additional 1,734,998 shares during the period. Finally, Canada Pension Plan Investment Board raised its position in T-Mobile US by 85.5% during the fourth quarter. Canada Pension Plan Investment Board now owns 6,025,096 shares of the Wireless communications provider's stock valued at $1,329,919,000 after purchasing an additional 2,777,657 shares during the period. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

T-Mobile US Trading Up 0.2%

Shares of NASDAQ:TMUS opened at $221.52 on Monday. T-Mobile US, Inc. has a 12-month low of $173.74 and a 12-month high of $276.49. The business's fifty day simple moving average is $243.17 and its 200-day simple moving average is $243.06. The company has a market capitalization of $251.52 billion, a PE ratio of 21.61, a P/E/G ratio of 1.22 and a beta of 0.64. The company has a current ratio of 1.16, a quick ratio of 1.08 and a debt-to-equity ratio of 1.35.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.48 by $0.10. T-Mobile US had a return on equity of 19.09% and a net margin of 14.41%. The business had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.67 billion. During the same period last year, the business posted $2.00 EPS. The business's revenue was up 6.6% compared to the same quarter last year. As a group, equities research analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be issued a $0.88 dividend. The ex-dividend date is Friday, August 29th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.59%. T-Mobile US's dividend payout ratio is presently 34.34%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company reiterated an "equal weight" rating on shares of T-Mobile US in a report on Wednesday, February 26th. JPMorgan Chase & Co. increased their price target on T-Mobile US from $265.00 to $270.00 and gave the stock an "overweight" rating in a report on Tuesday, March 18th. Tigress Financial increased their price target on T-Mobile US from $290.00 to $305.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. Hsbc Global Res downgraded T-Mobile US from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 5th. Finally, UBS Group downgraded T-Mobile US from a "strong-buy" rating to a "hold" rating in a report on Friday, March 21st. Eleven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $257.68.

Insider Activity

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the firm's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $228.75, for a total value of $15,975,900.00. Following the completion of the sale, the director now owns 588,413,779 shares of the company's stock, valued at $134,599,651,946.25. This trade represents a 0.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders have sold 279,360 shares of company stock worth $63,022,219. 0.37% of the stock is currently owned by company insiders.

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.

Want to see what other hedge funds are holding TMUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for T-Mobile US, Inc. (NASDAQ:TMUS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.