TCG Advisory Services LLC Purchases Shares of 42,482 T-Mobile US, Inc. (NASDAQ:TMUS)

TCG Advisory Services LLC bought a new stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 42,482 shares of the Wireless communications provider's stock, valued at approximately $6,811,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TMUS. Morgan Stanley boosted its position in shares of T-Mobile US by 0.9% during the third quarter. Morgan Stanley now owns 11,255,490 shares of the Wireless communications provider's stock worth $1,576,332,000 after buying an additional 104,490 shares during the period. Royal Bank of Canada boosted its position in shares of T-Mobile US by 7.1% during the third quarter. Royal Bank of Canada now owns 10,505,308 shares of the Wireless communications provider's stock worth $1,471,269,000 after buying an additional 693,443 shares during the period. Invesco Ltd. boosted its position in shares of T-Mobile US by 0.6% during the third quarter. Invesco Ltd. now owns 7,675,261 shares of the Wireless communications provider's stock worth $1,074,920,000 after buying an additional 45,196 shares during the period. California Public Employees Retirement System boosted its position in shares of T-Mobile US by 10.1% during the fourth quarter. California Public Employees Retirement System now owns 3,455,969 shares of the Wireless communications provider's stock worth $554,096,000 after buying an additional 316,617 shares during the period. Finally, Clearbridge Investments LLC boosted its position in shares of T-Mobile US by 243.9% during the third quarter. Clearbridge Investments LLC now owns 2,920,668 shares of the Wireless communications provider's stock worth $409,040,000 after buying an additional 2,071,489 shares during the period. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Tigress Financial upped their target price on T-Mobile US from $204.00 to $205.00 and gave the stock a "buy" rating in a research report on Thursday, February 8th. Wells Fargo & Company upped their target price on T-Mobile US from $175.00 to $185.00 and gave the stock an "overweight" rating in a research report on Monday, January 22nd. KeyCorp upped their target price on T-Mobile US from $175.00 to $185.00 and gave the stock an "overweight" rating in a research report on Friday, April 26th. TD Cowen dropped their price target on T-Mobile US from $204.00 to $202.00 and set a "buy" rating on the stock in a report on Friday, April 26th. Finally, Oppenheimer reaffirmed an "outperform" rating and issued a $190.00 price target on shares of T-Mobile US in a report on Wednesday, April 3rd. One equities research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $186.33.

T-Mobile US Stock Performance

NASDAQ:TMUS traded down $0.31 during mid-day trading on Friday, hitting $164.60. 4,274,939 shares of the company's stock traded hands, compared to its average volume of 4,389,829. The firm has a 50 day moving average of $162.69 and a two-hundred day moving average of $157.99. T-Mobile US, Inc. has a 12 month low of $124.92 and a 12 month high of $168.64. The firm has a market capitalization of $192.89 billion, a price-to-earnings ratio of 22.39, a price-to-earnings-growth ratio of 0.64 and a beta of 0.48. The company has a current ratio of 0.94, a quick ratio of 0.86 and a debt-to-equity ratio of 1.25.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.17. T-Mobile US had a return on equity of 13.61% and a net margin of 11.15%. The firm had revenue of $19.59 billion during the quarter, compared to the consensus estimate of $19.81 billion. During the same quarter in the prior year, the company earned $1.58 EPS. The firm's revenue for the quarter was down .2% compared to the same quarter last year. On average, equities analysts forecast that T-Mobile US, Inc. will post 9.01 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Friday, May 31st will be given a $0.65 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.58%. T-Mobile US's dividend payout ratio is currently 35.37%.

Insiders Place Their Bets

In other news, insider Michael J. Katz sold 3,000 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $163.22, for a total value of $489,660.00. Following the completion of the transaction, the insider now directly owns 125,687 shares of the company's stock, valued at approximately $20,514,632.14. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Telekom Ag Deutsche sold 189,670 shares of the firm's stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $164.63, for a total transaction of $31,225,372.10. Following the completion of the sale, the director now directly owns 677,158,691 shares of the company's stock, valued at approximately $111,480,635,299.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael J. Katz sold 3,000 shares of the firm's stock in a transaction on Monday, April 1st. The shares were sold at an average price of $163.22, for a total value of $489,660.00. Following the sale, the insider now directly owns 125,687 shares of the company's stock, valued at $20,514,632.14. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,359,509 shares of company stock worth $1,033,407,661. 0.70% of the stock is currently owned by company insiders.

T-Mobile US 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.