Voya Investment Management LLC Raises Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Voya Investment Management LLC increased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 257.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 656,851 shares of the Wireless communications provider's stock after purchasing an additional 473,212 shares during the period. Voya Investment Management LLC owned approximately 0.06% of T-Mobile US worth $144,987,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in shares of T-Mobile US by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 11,857,917 shares of the Wireless communications provider's stock worth $2,610,542,000 after acquiring an additional 90,755 shares during the period. Invesco Ltd. raised its stake in T-Mobile US by 4.6% in the fourth 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 during the last quarter. Norges Bank acquired a new stake in T-Mobile US in the 4th quarter worth approximately $1,802,393,000. Franklin Resources Inc. grew its position in 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 purchasing an additional 590,711 shares during the last quarter. Finally, Capital International Investors increased its stake in T-Mobile US by 36.2% during the 4th quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider's stock valued at $1,440,424,000 after purchasing an additional 1,734,998 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS traded up $3.90 during midday trading on Wednesday, hitting $245.49. The company had a trading volume of 1,561,829 shares, compared to its average volume of 4,249,320. T-Mobile US, Inc. has a twelve month low of $161.61 and a twelve month high of $276.49. The stock has a market cap of $279.04 billion, a price-to-earnings ratio of 25.39, a price-to-earnings-growth ratio of 1.55 and a beta of 0.63. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. The business's 50-day simple moving average is $259.35 and its 200-day simple moving average is $241.14.

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

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders of record on Friday, May 30th will be given a $0.88 dividend. The ex-dividend date is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a yield of 1.43%. T-Mobile US's payout ratio is currently 34.34%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on TMUS shares. HSBC lowered shares of T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 price objective on the stock. in a report on Wednesday, March 5th. Wells Fargo & Company reissued an "equal weight" rating on shares of T-Mobile US in a report on Wednesday, February 26th. JPMorgan Chase & Co. lifted their target price on T-Mobile US from $265.00 to $270.00 and gave the stock an "overweight" rating in a report on Tuesday, March 18th. Citigroup lowered T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 target price on the stock. in a research report on Friday, March 14th. Finally, Oppenheimer lifted their price objective on shares of T-Mobile US from $250.00 to $275.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Ten investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $257.68.

Insider Activity

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

T-Mobile US Company 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.