Commonwealth Equity Services LLC increased its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 23.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 165,651 shares of the Wireless communications provider's stock after purchasing an additional 31,542 shares during the quarter. Commonwealth Equity Services LLC's holdings in T-Mobile US were worth $26,559,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in TMUS. Verdence Capital Advisors LLC lifted its position in shares of T-Mobile US by 11.7% in the third quarter. Verdence Capital Advisors LLC now owns 2,384 shares of the Wireless communications provider's stock valued at $334,000 after acquiring an additional 249 shares in the last quarter. BluePath Capital Management LLC acquired a new stake in shares of T-Mobile US during the 3rd quarter worth about $26,000. Mackenzie Financial Corp grew its holdings in shares of T-Mobile US by 9.3% during the third quarter. Mackenzie Financial Corp now owns 206,956 shares of the Wireless communications provider's stock worth $28,235,000 after buying an additional 17,596 shares in the last quarter. Farmers & Merchants Investments Inc. grew its holdings in shares of T-Mobile US by 14.4% during the third quarter. Farmers & Merchants Investments Inc. now owns 5,410 shares of the Wireless communications provider's stock worth $758,000 after buying an additional 681 shares in the last quarter. Finally, WESPAC Advisors LLC grew its holdings in shares of T-Mobile US by 7.5% during the third quarter. WESPAC Advisors LLC now owns 10,373 shares of the Wireless communications provider's stock worth $1,453,000 after buying an additional 721 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company's stock.
T-Mobile US Trading Down 1.4 %
TMUS stock traded down $2.23 during midday trading on Monday, reaching $162.37. 6,022,344 shares of the company's stock traded hands, compared to its average volume of 4,564,043. The company has a market capitalization of $190.27 billion, a P/E ratio of 22.39, a PEG ratio of 0.64 and a beta of 0.48. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.94 and a quick ratio of 0.86. T-Mobile US, Inc. has a fifty-two week low of $124.92 and a fifty-two week high of $168.64. The business has a 50-day moving average price of $162.69 and a two-hundred day moving average price of $157.99.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share for the quarter, beating analysts' consensus estimates of $1.83 by $0.17. The firm had revenue of $19.59 billion for the quarter, compared to analysts' expectations of $19.81 billion. T-Mobile US had a net margin of 11.15% and a return on equity of 13.61%. T-Mobile US's revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.58 earnings per share. Equities research analysts forecast that T-Mobile US, Inc. will post 9.01 EPS for the current fiscal year.
T-Mobile US Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Friday, May 31st will be given a dividend of $0.65 per share. The ex-dividend date is Friday, May 31st. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.60%. T-Mobile US's payout ratio is currently 35.37%.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on the stock. KeyCorp lifted their price target on shares of T-Mobile US from $175.00 to $185.00 and gave the stock an "overweight" rating in a report on Friday, April 26th. Wells Fargo & Company lifted their price target on shares of T-Mobile US from $175.00 to $185.00 and gave the stock an "overweight" rating in a report on Monday, January 22nd. Citigroup lifted their price target on shares of T-Mobile US from $176.00 to $184.00 and gave the stock a "buy" rating in a report on Monday, March 25th. Royal Bank of Canada lifted their price target on shares of T-Mobile US from $184.00 to $188.00 and gave the stock an "outperform" rating in a report on Friday, April 26th. Finally, Raymond James raised their target price on shares of T-Mobile US from $180.00 to $185.00 and gave the stock a "strong-buy" rating in a research report on Friday, January 26th. One 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, T-Mobile US has an average rating of "Buy" and a consensus target price of $186.33.
Get Our Latest Research Report on T-Mobile US
Insider Transactions at T-Mobile US
In other news, insider Callie R. Field sold 5,844 shares of the business's stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $168.44, for a total transaction of $984,363.36. Following the transaction, the insider now directly owns 102,555 shares of the company's stock, valued at $17,274,364.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Telekom Ag Deutsche sold 189,670 shares of T-Mobile US stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $164.63, for a total value of $31,225,372.10. Following the completion of the sale, the director now owns 677,158,691 shares in the company, valued at $111,480,635,299.33. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Callie R. Field sold 5,844 shares of T-Mobile US stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $168.44, for a total transaction of $984,363.36. Following the completion of the sale, the insider now owns 102,555 shares of the company's stock, valued at approximately $17,274,364.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,347,487 shares of company stock valued at $1,031,462,501. Corporate insiders own 0.70% of the company's stock.
About T-Mobile US
(
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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