T-Mobile US, Inc. $TMUS Stock Position Lifted by R Squared Ltd

R Squared Ltd boosted its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 195.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,662 shares of the Wireless communications provider's stock after purchasing an additional 6,395 shares during the period. T-Mobile US comprises approximately 0.9% of R Squared Ltd's holdings, making the stock its 11th largest position. R Squared Ltd's holdings in T-Mobile US were worth $1,962,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. M&T Bank Corp grew its position in T-Mobile US by 55.3% during the fourth quarter. M&T Bank Corp now owns 42,857 shares of the Wireless communications provider's stock valued at $8,701,000 after purchasing an additional 15,257 shares in the last quarter. Eagle Wealth Advisors LLC purchased a new position in T-Mobile US during the fourth quarter valued at approximately $225,000. Anchyra Partners LLC acquired a new stake in T-Mobile US in the fourth quarter valued at approximately $282,000. Kestra Private Wealth Services LLC lifted its stake in T-Mobile US by 14.0% in the fourth quarter. Kestra Private Wealth Services LLC now owns 24,362 shares of the Wireless communications provider's stock valued at $4,947,000 after acquiring an additional 2,996 shares during the last quarter. Finally, Pictet Asset Management Holding SA lifted its stake in T-Mobile US by 45.8% in the fourth quarter. Pictet Asset Management Holding SA now owns 382,224 shares of the Wireless communications provider's stock valued at $77,607,000 after acquiring an additional 120,151 shares during the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Price Performance

NASDAQ:TMUS opened at $182.75 on Tuesday. The stock has a market cap of $201.36 billion, a P/E ratio of 18.82, a PEG ratio of 1.24 and a beta of 0.43. T-Mobile US, Inc. has a one year low of $181.36 and a one year high of $261.56. The company has a fifty day moving average price of $207.48 and a 200 day moving average price of $205.82. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.00 and a quick ratio of 0.90.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Friday, May 29th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.2%. The ex-dividend date is Friday, May 29th. T-Mobile US's dividend payout ratio is presently 42.02%.

Insider Activity

In other T-Mobile US news, CFO Peter Osvaldik sold 27,000 shares of the business's stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $214.86, for a total value of $5,801,220.00. Following the sale, the chief financial officer owned 51,573 shares of the company's stock, valued at $11,080,974.78. The trade was a 34.36% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Raul Marcelo Claure sold 550,000 shares of the business's stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $217.57, for a total transaction of $119,663,500.00. Following the completion of the sale, the director directly owned 891,204 shares in the company, valued at $193,899,254.28. This trade represents a 38.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 694,134 shares of company stock worth $150,847,799. Corporate insiders own 0.37% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TMUS. Moffett Nathanson upgraded shares of T-Mobile US from a "neutral" rating to a "buy" rating and set a $254.00 target price for the company in a research note on Wednesday, April 8th. Daiwa Securities Group upgraded shares of T-Mobile US from a "neutral" rating to an "outperform" rating and set a $240.00 target price for the company in a research note on Thursday, February 19th. TD Cowen reduced their target price on shares of T-Mobile US from $263.00 to $252.00 and set a "buy" rating for the company in a research note on Thursday, February 12th. Barclays reiterated a "buy" rating on shares of T-Mobile US in a research note on Friday. Finally, Benchmark restated a "buy" rating on shares of T-Mobile US in a research note on Thursday, February 12th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $260.91.

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.

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