Landscape Capital Management L.L.C. Buys Shares of 4,531 T-Mobile US, Inc. (NASDAQ:TMUS)

Landscape Capital Management L.L.C. purchased a new position in T-Mobile US, Inc. (NASDAQ:TMUS) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,531 shares of the Wireless communications provider’s stock, valued at approximately $1,000,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Barclays PLC increased its stake in T-Mobile US by 38.3% in the third quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock worth $653,160,000 after purchasing an additional 876,182 shares during the period. Gladstone Institutional Advisory LLC purchased a new position in T-Mobile US in the 4th quarter worth about $1,552,000. Trust Co. of Vermont lifted its holdings in T-Mobile US by 11.9% during the 4th quarter. Trust Co. of Vermont now owns 26,972 shares of the Wireless communications provider’s stock valued at $5,954,000 after buying an additional 2,865 shares in the last quarter. Rice Partnership LLC purchased a new stake in T-Mobile US in the 4th quarter valued at about $7,678,000. Finally, Exchange Traded Concepts LLC grew its stake in T-Mobile US by 737.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 56,521 shares of the Wireless communications provider’s stock worth $12,476,000 after acquiring an additional 49,775 shares in the last quarter. 42.49% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on TMUS. JPMorgan Chase & Co. boosted their price target on T-Mobile US from $265.00 to $270.00 and gave the company an “overweight” rating in a report on Tuesday, March 18th. Scotiabank upped their target price on T-Mobile US from $247.00 to $275.00 and gave the stock a “sector perform” rating in a report on Monday, March 3rd. Morgan Stanley initiated coverage on T-Mobile US in a research note on Monday, December 16th. They set an “overweight” rating and a $280.00 price target on the stock. Evercore ISI raised shares of T-Mobile US to a “strong-buy” rating in a research note on Thursday, January 23rd. Finally, Wells Fargo & Company reissued an “equal weight” rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Eleven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $256.80.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of the business’s 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 sale, 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 can be accessed through the SEC website. 0.67% of the stock is owned by insiders.

T-Mobile US Trading Down 7.4 %

Shares of NASDAQ:TMUS opened at $248.11 on Friday. 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 firm has a market capitalization of $283.28 billion, a P/E ratio of 25.66, a P/E/G ratio of 1.55 and a beta of 0.63. The business’s 50-day moving average is $257.41 and its 200 day moving average is $235.01. T-Mobile US, Inc. has a 1 year low of $159.14 and a 1 year high of $276.49.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. On average, research analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date is Friday, May 30th. T-Mobile US’s dividend payout ratio (DPR) is presently 36.40%.

T-Mobile US 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.