Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 6.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 532,014 shares of the Wireless communications provider's stock after buying an additional 29,967 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in T-Mobile US were worth $85,298,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in T-Mobile US in the 4th quarter worth approximately $2,801,442,000. Morgan Stanley boosted its stake in shares of T-Mobile US by 0.9% during the 3rd quarter. Morgan Stanley now owns 11,255,490 shares of the Wireless communications provider's stock valued at $1,576,332,000 after buying an additional 104,490 shares during the period. Royal Bank of Canada boosted its stake in shares of T-Mobile US by 7.1% during the 3rd quarter. Royal Bank of Canada now owns 10,505,308 shares of the Wireless communications provider's stock valued at $1,471,269,000 after buying an additional 693,443 shares during the period. Invesco Ltd. boosted its stake in shares of T-Mobile US by 0.6% during the 3rd quarter. Invesco Ltd. now owns 7,675,261 shares of the Wireless communications provider's stock valued at $1,074,920,000 after buying an additional 45,196 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of T-Mobile US by 0.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 6,725,113 shares of the Wireless communications provider's stock valued at $902,309,000 after buying an additional 47,956 shares during the period. Institutional investors and hedge funds own 42.49% of the company's stock.
Insider Transactions at T-Mobile US
In related news, insider Michael J. Katz sold 6,655 shares of the company's stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $161.23, for a total value of $1,072,985.65. Following the sale, the insider now owns 126,616 shares of the company's stock, valued at $20,414,297.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other T-Mobile US news, insider Callie R. Field sold 5,844 shares of the business's stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $168.44, for a total value of $984,363.36. Following the transaction, the insider now directly owns 102,555 shares in the company, valued at $17,274,364.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Michael J. Katz sold 6,655 shares of the company's stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $161.23, for a total transaction of $1,072,985.65. Following the transaction, the insider now owns 126,616 shares in the company, valued at $20,414,297.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,689,170 shares of company stock worth $924,847,536. 0.70% of the stock is currently owned by company insiders.
Analyst Ratings Changes
A number of equities research analysts have issued reports on TMUS shares. Citigroup lifted their target price on shares of T-Mobile US from $176.00 to $184.00 and gave the company a "buy" rating in a research note on Monday, March 25th. KeyCorp reduced their price objective on shares of T-Mobile US from $183.00 to $175.00 and set an "overweight" rating for the company in a research note on Friday, January 26th. Morgan Stanley lifted their price objective on shares of T-Mobile US from $180.00 to $186.00 and gave the company an "overweight" rating in a research note on Monday, January 29th. Oppenheimer reaffirmed an "outperform" rating and issued a $190.00 price objective on shares of T-Mobile US in a research note on Wednesday, April 3rd. Finally, Raymond James lifted their price objective on shares of T-Mobile US from $180.00 to $185.00 and gave the company a "strong-buy" rating in a research note on Friday, January 26th. One research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $185.93.
Get Our Latest Report on TMUS
T-Mobile US Stock Performance
Shares of NASDAQ:TMUS traded down $0.03 on Tuesday, hitting $159.79. 3,810,367 shares of the company were exchanged, compared to its average volume of 4,532,776. The company's 50 day moving average price is $162.32 and its two-hundred day moving average price is $155.88. T-Mobile US, Inc. has a one year low of $124.92 and a one year high of $168.64. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.83 and a current ratio of 0.91. The firm has a market capitalization of $189.65 billion, a price-to-earnings ratio of 23.06, a PEG ratio of 0.65 and a beta of 0.49.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings data on Thursday, January 25th. The Wireless communications provider reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.90 by ($0.23). T-Mobile US had a return on equity of 12.69% and a net margin of 10.59%. The company had revenue of $20.48 billion for the quarter, compared to the consensus estimate of $19.67 billion. During the same quarter in the previous year, the firm posted $1.18 EPS. The business's revenue for the quarter was up 1.0% compared to the same quarter last year. Research analysts expect that T-Mobile US, Inc. will post 8.95 earnings per share for the current year.
T-Mobile US Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Friday, May 31st will be issued a dividend of $0.65 per share. The ex-dividend date is Friday, May 31st. This represents a $2.60 annualized dividend and a dividend yield of 1.63%. T-Mobile US's payout ratio is 37.52%.
T-Mobile US Profile
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Free Report)
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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