T-Mobile US, Inc. (NASDAQ:TMUS) Shares Purchased by FIL Ltd

FIL Ltd lifted its stake in T-Mobile US, Inc. (NASDAQ:TMUSFree Report) by 8.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,603,691 shares of the Wireless communications provider’s stock after purchasing an additional 204,254 shares during the quarter. FIL Ltd owned about 0.22% of T-Mobile US worth $417,450,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Private Wealth Management Group LLC acquired a new stake in T-Mobile US during the fourth quarter worth $27,000. Valley National Advisers Inc. lifted its holdings in T-Mobile US by 232.1% during the 4th quarter. Valley National Advisers Inc. now owns 176 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 123 shares during the last quarter. Baker Avenue Asset Management LP increased its position in shares of T-Mobile US by 63.3% during the third quarter. Baker Avenue Asset Management LP now owns 209 shares of the Wireless communications provider’s stock worth $29,000 after purchasing an additional 81 shares in the last quarter. Bay Harbor Wealth Management LLC acquired a new position in T-Mobile US in the 4th quarter valued at about $34,000. Finally, Raleigh Capital Management Inc. boosted its holdings in T-Mobile US by 54.5% in the 3rd quarter. Raleigh Capital Management Inc. now owns 255 shares of the Wireless communications provider’s stock valued at $36,000 after purchasing an additional 90 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insider Activity

In other news, Director Telekom Ag Deutsche sold 189,670 shares of the business’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $161.06, for a total value of $30,548,250.20. Following the sale, the director now owns 683,320,200 shares in the company, valued at approximately $110,055,551,412. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other T-Mobile US news, Director Telekom Ag Deutsche sold 189,670 shares of the business’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $161.06, for a total transaction of $30,548,250.20. Following the completion of the sale, the director now directly owns 683,320,200 shares of the company’s stock, valued at approximately $110,055,551,412. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael J. Katz sold 3,000 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was 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 have sold 6,921,280 shares of company stock worth $1,143,680,180. Corporate insiders own 0.67% of the company’s stock.

T-Mobile US Stock Up 0.5 %

NASDAQ TMUS traded up $0.88 during trading on Friday, reaching $175.99. The company’s stock had a trading volume of 4,042,893 shares, compared to its average volume of 4,786,904. The company has a current ratio of 0.94, a quick ratio of 0.86 and a debt-to-equity ratio of 1.25. The stock has a market capitalization of $206.23 billion, a PE ratio of 23.82, a PEG ratio of 0.67 and a beta of 0.50. The business has a 50-day moving average price of $166.24 and a 200-day moving average price of $162.64. T-Mobile US, Inc. has a 1-year low of $129.60 and a 1-year high of $182.67.

T-Mobile US (NASDAQ:TMUSGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.17. T-Mobile US had a net margin of 11.15% and a return on equity of 13.61%. The company had revenue of $19.59 billion for the quarter, compared to analyst estimates of $19.81 billion. During the same quarter last year, the firm posted $1.58 earnings per share. The company’s quarterly revenue was down .2% compared to the same quarter last year. On average, research analysts forecast that T-Mobile US, Inc. will post 9.02 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Friday, August 30th will be issued a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 1.48%. T-Mobile US’s dividend payout ratio (DPR) is presently 35.37%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on TMUS shares. Citigroup lifted their price objective on T-Mobile US from $176.00 to $184.00 and gave the company a “buy” rating in a report on Monday, March 25th. Bank of America increased their price target on T-Mobile US from $175.00 to $195.00 and gave the company a “buy” rating in a report on Monday. Benchmark reiterated a “buy” rating and issued a $200.00 price target on shares of T-Mobile US in a report on Wednesday, May 29th. KeyCorp increased their price target on T-Mobile US from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $190.00 price target on shares of T-Mobile US in a report on Wednesday, April 3rd. Fourteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, T-Mobile US currently has a consensus rating of “Buy” and a consensus price target of $190.36.

Read Our Latest Stock Report on T-Mobile US

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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Institutional Ownership by Quarter for T-Mobile US (NASDAQ:TMUS)

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