T-Mobile US, Inc. (NASDAQ:TMUS) Shares Acquired by CIBC Asset Management Inc

CIBC Asset Management Inc boosted its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 20.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 389,772 shares of the Wireless communications provider’s stock after purchasing an additional 65,110 shares during the period. CIBC Asset Management Inc’s holdings in T-Mobile US were worth $86,034,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Good Life Advisors LLC acquired a new stake in T-Mobile US in the 3rd quarter valued at about $314,000. Bleakley Financial Group LLC lifted its stake in T-Mobile US by 1.6% during the third quarter. Bleakley Financial Group LLC now owns 9,001 shares of the Wireless communications provider’s stock valued at $1,858,000 after purchasing an additional 144 shares during the last quarter. Claro Advisors LLC grew its position in T-Mobile US by 64.9% in the third quarter. Claro Advisors LLC now owns 2,865 shares of the Wireless communications provider’s stock worth $591,000 after buying an additional 1,128 shares during the last quarter. Stratos Wealth Advisors LLC increased its holdings in shares of T-Mobile US by 9.1% in the third quarter. Stratos Wealth Advisors LLC now owns 1,835 shares of the Wireless communications provider’s stock valued at $379,000 after buying an additional 153 shares in the last quarter. Finally, Net Worth Advisory Group acquired a new stake in shares of T-Mobile US during the 3rd quarter valued at $693,000. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Andre Almeida bought 3,808 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was acquired at an average price of $235.72 per share, for a total transaction of $897,621.76. Following the transaction, the director now directly owns 3,808 shares of the company’s stock, valued at $897,621.76. This represents a ? increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Srikant M. Datar sold 1,000 shares of the business’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $246.00, for a total transaction of $246,000.00. Following the completion of the sale, the director now owns 4,021 shares in the company, valued at $989,166. This represents a 19.92 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,100 shares of company stock valued at $747,378. Insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on TMUS shares. Barclays boosted their target price on T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. UBS Group upped their price objective on shares of T-Mobile US from $210.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. KeyCorp downgraded shares of T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 target price on the stock. in a research report on Thursday, December 12th. Wells Fargo & Company upped their price target on shares of T-Mobile US from $220.00 to $235.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. Finally, Evercore ISI upgraded shares of T-Mobile US to a “strong-buy” rating in a research report on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $251.79.

T-Mobile US Price Performance

NASDAQ TMUS opened at $270.82 on Monday. 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 cap of $309.21 billion, a P/E ratio of 28.01, a price-to-earnings-growth ratio of 1.44 and a beta of 0.56. The stock’s 50-day moving average is $227.66 and its two-hundred day moving average is $218.93. T-Mobile US, Inc. has a fifty-two week low of $158.84 and a fifty-two week high of $271.41.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date is Friday, May 30th. T-Mobile US’s dividend payout ratio (DPR) is currently 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.