My Legacy Advisors LLC lifted its position in T-Mobile US, Inc. (NASDAQ:TMUS – Free Report) by 0.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,879 shares of the Wireless communications provider’s stock after acquiring an additional 55 shares during the quarter. My Legacy Advisors LLC’s holdings in T-Mobile US were worth $1,688,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in TMUS. FMR LLC grew its position in T-Mobile US by 13.4% in the 3rd quarter. FMR LLC now owns 12,893,770 shares of the Wireless communications provider’s stock valued at $2,660,758,000 after acquiring an additional 1,522,394 shares during the last quarter. Barclays PLC boosted its stake in shares of T-Mobile US by 38.3% during the third quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock valued at $653,160,000 after purchasing an additional 876,182 shares during the period. Wellington Management Group LLP grew its holdings in shares of T-Mobile US by 4.0% in the third quarter. Wellington Management Group LLP now owns 15,524,529 shares of the Wireless communications provider’s stock worth $3,203,642,000 after purchasing an additional 602,786 shares during the last quarter. Franklin Resources Inc. increased its stake in T-Mobile US by 9.9% in 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 buying an additional 590,711 shares during the period. Finally, Nordea Investment Management AB lifted its holdings in T-Mobile US by 36.9% during the 4th quarter. Nordea Investment Management AB now owns 1,473,540 shares of the Wireless communications provider’s stock valued at $324,960,000 after buying an additional 397,345 shares in the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
TMUS has been the topic of several research reports. Evercore ISI raised their price objective on T-Mobile US from $220.00 to $240.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Bank of America raised their price target on T-Mobile US from $220.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Tigress Financial upped their price objective on shares of T-Mobile US from $235.00 to $280.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. KeyCorp lowered shares of T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 price target for the company. in a report on Thursday, December 12th. Finally, The Goldman Sachs Group upped their price target on shares of T-Mobile US from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Seven investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $245.74.
Insider Transactions at T-Mobile US
In other news, CEO G Michael Sievert sold 20,000 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $237.73, for a total value of $4,754,600.00. Following the sale, the chief executive officer now owns 378,124 shares in the company, valued at $89,891,418.52. This represents a 5.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Andre Almeida bought 3,808 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were acquired at an average price of $235.72 per share, with a total value of $897,621.76. Following the completion of the transaction, the director now directly owns 3,808 shares of the company’s stock, valued at $897,621.76. This trade represents a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 164,200 shares of company stock worth $37,407,303 over the last three months. 0.67% of the stock is currently owned by insiders.
T-Mobile US Stock Performance
Shares of T-Mobile US stock opened at $218.97 on Friday. The firm has a market capitalization of $254.11 billion, a P/E ratio of 24.97, a PEG ratio of 1.05 and a beta of 0.56. T-Mobile US, Inc. has a 52 week low of $158.84 and a 52 week high of $248.15. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. The company has a 50 day moving average price of $228.93 and a 200 day moving average price of $210.26.
T-Mobile US (NASDAQ:TMUS – Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, topping the consensus estimate of $2.32 by $0.29. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The business had revenue of $20.16 billion during the quarter, compared to the consensus estimate of $20.01 billion. During the same period in the previous year, the firm posted $1.82 earnings per share. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. Sell-side analysts expect that T-Mobile US, Inc. will post 9.31 EPS for the current year.
T-Mobile US Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Friday, February 28th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date is Friday, February 28th. T-Mobile US’s dividend payout ratio is presently 40.14%.
About T-Mobile US
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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