ProShare Advisors LLC Has $372.81 Million Stake in T-Mobile US, Inc. $TMUS

ProShare Advisors LLC increased its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 40.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,836,143 shares of the Wireless communications provider’s stock after acquiring an additional 526,641 shares during the period. T-Mobile US comprises about 0.7% of ProShare Advisors LLC’s portfolio, making the stock its 20th largest position. ProShare Advisors LLC’s holdings in T-Mobile US were worth $372,810,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in TMUS. Wellington Management Group LLP raised its holdings in shares of T-Mobile US by 47.5% during the third quarter. Wellington Management Group LLP now owns 13,461,669 shares of the Wireless communications provider’s stock worth $3,222,454,000 after acquiring an additional 4,335,368 shares during the period. Viking Global Investors LP increased its stake in T-Mobile US by 81.7% in the 2nd quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider’s stock valued at $677,925,000 after buying an additional 1,279,422 shares during the last quarter. Amundi increased its stake in T-Mobile US by 44.6% in the 3rd quarter. Amundi now owns 4,109,084 shares of the Wireless communications provider’s stock valued at $924,380,000 after buying an additional 1,266,808 shares during the last quarter. State Street Corp increased its stake in T-Mobile US by 4.7% in the 3rd quarter. State Street Corp now owns 24,234,085 shares of the Wireless communications provider’s stock valued at $5,801,155,000 after buying an additional 1,092,769 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in T-Mobile US by 33.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,477,553 shares of the Wireless communications provider’s stock valued at $832,438,000 after buying an additional 877,384 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on TMUS shares. Wells Fargo & Company lifted their price target on shares of T-Mobile US from $225.00 to $235.00 and gave the company an “overweight” rating in a research note on Friday, February 13th. Weiss Ratings reiterated a “hold (c+)” rating on shares of T-Mobile US in a research note on Friday, April 10th. Sanford C. Bernstein reiterated a “neutral” rating on shares of T-Mobile US in a research note on Wednesday, April 22nd. Benchmark reiterated a “buy” rating on shares of T-Mobile US in a research note on Thursday, February 12th. Finally, JPMorgan Chase & Co. lowered their price target on shares of T-Mobile US from $300.00 to $275.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $260.48.

Insider Activity at T-Mobile US

In other news, insider Mark Wolfe Nelson sold 6,274 shares of the business’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $219.69, for a total transaction of $1,378,335.06. Following the transaction, the insider directly owned 68,006 shares in the company, valued at $14,940,238.14. The trade was a 8.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Michael J. Katz sold 5,000 shares of the business’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $195.81, for a total transaction of $979,050.00. Following the transaction, the insider owned 181,930 shares in the company, valued at $35,623,713.30. This represents a 2.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 138,894 shares of company stock worth $29,902,357 over the last ninety days. Company insiders own 0.37% of the company’s stock.

T-Mobile US Stock Up 2.9%

T-Mobile US stock opened at $190.65 on Tuesday. The firm has a market capitalization of $206.32 billion, a PE ratio of 20.28, a P/E/G ratio of 1.09 and a beta of 0.33. The company’s 50-day moving average is $200.77 and its 200-day moving average is $202.74. T-Mobile US, Inc. has a fifty-two week low of $181.36 and a fifty-two week high of $261.56. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.09 and a quick ratio of 0.97.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share for the quarter, topping the consensus estimate of $2.01 by $0.26. The company had revenue of $23.11 billion for the quarter, compared to analyst estimates of $22.98 billion. T-Mobile US had a net margin of 11.65% and a return on equity of 19.47%. T-Mobile US’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the previous year, the business earned $2.58 EPS. Sell-side analysts anticipate that T-Mobile US, Inc. will post 10.65 earnings per share for the current year.

T-Mobile US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 29th will be paid a dividend of $1.02 per share. The ex-dividend date is Friday, May 29th. This represents a $4.08 annualized dividend and a dividend yield of 2.1%. T-Mobile US’s payout ratio is currently 43.40%.

About T-Mobile US

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.