Northern Trust Corp Grows Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Northern Trust Corp increased its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 13.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,325,541 shares of the Wireless communications provider's stock after buying an additional 645,892 shares during the quarter. Northern Trust Corp owned about 0.47% of T-Mobile US worth $1,175,507,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Geode Capital Management LLC raised its stake in T-Mobile US by 0.8% in 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 in the last quarter. Invesco Ltd. raised its position in shares of T-Mobile US by 4.6% in the 4th quarter. Invesco Ltd. now owns 8,809,417 shares of the Wireless communications provider's stock valued at $1,944,503,000 after buying an additional 384,956 shares in the last quarter. Norges Bank bought a new stake in shares of T-Mobile US during the 4th quarter worth approximately $1,802,393,000. Franklin Resources Inc. boosted its position in shares of T-Mobile US by 9.9% during the 3rd quarter. Franklin Resources Inc. now owns 6,553,703 shares of the Wireless communications provider's stock worth $1,448,426,000 after acquiring an additional 590,711 shares in the last quarter. Finally, Capital International Investors increased its stake in T-Mobile US by 36.2% in 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 acquiring an additional 1,734,998 shares during the last quarter. Institutional investors own 42.49% of the company's stock.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of T-Mobile US stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total transaction of $191,990.00. Following the completion of the transaction, the director now owns 3,291 shares in the company, valued at approximately $865,533. The trade was a 18.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.67% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Bank of America raised their target price on T-Mobile US from $240.00 to $255.00 and gave the company a "buy" rating in a report on Thursday, January 30th. Benchmark reissued a "buy" rating and set a $275.00 target price on shares of T-Mobile US in a research note on Thursday, March 27th. Hsbc Global Res downgraded shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. HSBC lowered shares of T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 price target on the stock. in a report on Wednesday, March 5th. Finally, Tigress Financial raised their target price on shares of T-Mobile US from $290.00 to $305.00 and gave the company a "buy" rating in a research report on Tuesday. Ten analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, T-Mobile US has an average rating of "Moderate Buy" and an average target price of $257.68.

T-Mobile US Stock Up 2.2 %

Shares of TMUS traded up $5.36 during trading hours on Wednesday, hitting $246.95. The stock had a trading volume of 4,437,417 shares, compared to its average volume of 4,261,138. T-Mobile US, Inc. has a 1-year low of $161.61 and a 1-year high of $276.49. The firm has a market capitalization of $280.70 billion, a P/E ratio of 25.54, a price-to-earnings-growth ratio of 1.55 and a beta of 0.63. The firm has a 50 day simple moving average of $258.98 and a 200-day simple moving average of $241.18. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The Wireless communications provider reported $2.58 EPS for the quarter, beating analysts' consensus estimates of $2.48 by $0.10. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. The firm had revenue of $20.89 billion during the quarter, compared to analysts' expectations of $20.67 billion. During the same quarter last year, the firm posted $2.00 earnings per share. The company's revenue for the quarter was up 6.6% compared to the same quarter last year. Sell-side analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $3.52 annualized dividend and a yield of 1.43%. T-Mobile US's payout ratio is 34.34%.

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.