T-Mobile US, Inc. $TMUS Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 4.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 450,679 shares of the Wireless communications provider’s stock after purchasing an additional 19,486 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in T-Mobile US were worth $107,884,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Weaver Capital Management LLC boosted its stake in shares of T-Mobile US by 0.6% in the second quarter. Weaver Capital Management LLC now owns 6,737 shares of the Wireless communications provider’s stock valued at $1,605,000 after purchasing an additional 42 shares during the period. Haven Private LLC increased its holdings in shares of T-Mobile US by 1.3% in the 2nd quarter. Haven Private LLC now owns 3,186 shares of the Wireless communications provider’s stock valued at $759,000 after acquiring an additional 42 shares during the last quarter. Richardson Financial Services Inc. raised its holdings in shares of T-Mobile US by 0.9% during the second quarter. Richardson Financial Services Inc. now owns 4,899 shares of the Wireless communications provider’s stock worth $1,183,000 after purchasing an additional 45 shares during the period. Cetera Trust Company N.A raised its stake in T-Mobile US by 0.4% during the second quarter. Cetera Trust Company N.A now owns 12,018 shares of the Wireless communications provider’s stock worth $2,863,000 after acquiring an additional 45 shares during the period. Finally, L2 Asset Management LLC raised its position in shares of T-Mobile US by 2.2% during the 2nd quarter. L2 Asset Management LLC now owns 2,082 shares of the Wireless communications provider’s stock worth $496,000 after purchasing an additional 45 shares during the period. 42.49% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director G Michael Sievert sold 22,500 shares of the firm’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $216.97, for a total value of $4,881,825.00. Following the completion of the transaction, the director owned 308,696 shares in the company, valued at $66,977,771.12. This trade represents a 6.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Srini Gopalan bought 9,800 shares of the company’s stock in a transaction dated Thursday, November 6th. The stock was purchased at an average cost of $201.82 per share, for a total transaction of $1,977,836.00. Following the completion of the acquisition, the chief executive officer owned 90,258 shares in the company, valued at $18,215,869.56. This trade represents a 12.18% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have sold 51,457 shares of company stock valued at $11,149,636. Insiders own 0.37% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on TMUS. Wolfe Research cut their price objective on shares of T-Mobile US from $290.00 to $253.00 and set an “outperform” rating on the stock in a research report on Monday, December 15th. Weiss Ratings lowered shares of T-Mobile US from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Hsbc Global Res raised T-Mobile US from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 24th. Moffett Nathanson raised their price objective on shares of T-Mobile US from $210.00 to $230.00 and gave the stock a “neutral” rating in a research note on Thursday, October 2nd. Finally, Argus lowered their target price on T-Mobile US from $275.00 to $245.00 and set a “buy” rating on the stock in a research note on Tuesday, December 9th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and thirteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $256.36.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $186.81 on Wednesday. The company’s 50-day simple moving average is $198.93 and its 200 day simple moving average is $221.74. The company has a quick ratio of 0.80, a current ratio of 0.89 and a debt-to-equity ratio of 1.37. The stock has a market cap of $208.95 billion, a P/E ratio of 17.88, a PEG ratio of 1.03 and a beta of 0.45. T-Mobile US, Inc. has a twelve month low of $181.36 and a twelve month high of $276.49.

T-Mobile US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Friday, February 27th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Friday, February 27th. T-Mobile US’s dividend payout ratio is currently 39.23%.

T-Mobile US Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.