Stonegate Investment Group LLC Raises Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Stonegate Investment Group LLC increased its position in T-Mobile US, Inc. (NASDAQ:TMUSFree Report) by 13.1% during the 4th quarter, Holdings Channel reports. The firm owned 3,291 shares of the Wireless communications provider’s stock after acquiring an additional 382 shares during the quarter. Stonegate Investment Group LLC’s holdings in T-Mobile US were worth $528,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Softbank Group CORP. boosted its position in T-Mobile US by 9.0% during the 2nd quarter. Softbank Group CORP. now owns 43,338,209 shares of the Wireless communications provider’s stock valued at $6,019,677,000 after acquiring an additional 3,566,400 shares in the last quarter. State Street Corp grew its position in shares of T-Mobile US by 3.7% in the 2nd quarter. State Street Corp now owns 24,733,273 shares of the Wireless communications provider’s stock worth $3,435,452,000 after buying an additional 874,192 shares during the last quarter. Norges Bank acquired a new stake in T-Mobile US in the fourth quarter valued at approximately $2,801,442,000. Morgan Stanley grew its holdings in T-Mobile US by 0.9% in the third quarter. Morgan Stanley now owns 11,255,490 shares of the Wireless communications provider’s stock worth $1,576,332,000 after purchasing an additional 104,490 shares during the last quarter. Finally, Royal Bank of Canada increased its position in shares of T-Mobile US by 7.1% during the third quarter. Royal Bank of Canada now owns 10,505,308 shares of the Wireless communications provider’s stock worth $1,471,269,000 after purchasing an additional 693,443 shares in the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TMUS has been the subject of a number of recent analyst reports. Morgan Stanley lifted their target price on shares of T-Mobile US from $180.00 to $186.00 and gave the stock an “overweight” rating in a research note on Monday, January 29th. Oppenheimer reiterated an “outperform” rating and set a $190.00 price objective on shares of T-Mobile US in a research note on Tuesday, December 19th. Tigress Financial raised their target price on T-Mobile US from $204.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Wells Fargo & Company boosted their price target on T-Mobile US from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Monday, January 22nd. Finally, Raymond James lifted their target price on T-Mobile US from $180.00 to $185.00 and gave the stock a “strong-buy” rating in a report on Friday, January 26th. One analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $185.93.

View Our Latest Stock Analysis on T-Mobile US

T-Mobile US Price Performance

T-Mobile US stock opened at $162.08 on Wednesday. The firm has a market cap of $192.37 billion, a PE ratio of 23.39, a price-to-earnings-growth ratio of 0.66 and a beta of 0.49. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.18. T-Mobile US, Inc. has a 52-week low of $124.92 and a 52-week high of $168.64. The company’s 50 day moving average is $162.54 and its two-hundred day moving average is $154.44.

T-Mobile US (NASDAQ:TMUSGet Free Report) last announced its quarterly earnings results on Thursday, January 25th. The Wireless communications provider reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.23). The business had revenue of $20.48 billion during the quarter, compared to analyst estimates of $19.67 billion. T-Mobile US had a net margin of 10.59% and a return on equity of 12.69%. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period last year, the company earned $1.18 earnings per share. On average, research analysts expect that T-Mobile US, Inc. will post 8.98 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Friday, May 31st will be issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date is Friday, May 31st. T-Mobile US’s dividend payout ratio (DPR) is presently 37.52%.

Insider Buying and Selling

In related news, Director Telekom Ag Deutsche sold 194,910 shares of the company’s stock in a transaction on Monday, January 8th. The stock was sold at an average price of $163.14, for a total value of $31,797,617.40. Following the completion of the transaction, the director now directly owns 692,659,571 shares in the company, valued at $113,000,482,412.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other T-Mobile US news, insider Callie R. Field sold 5,844 shares of T-Mobile US stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $168.44, for a total value of $984,363.36. Following the completion of the transaction, the insider now owns 102,555 shares of the company’s stock, valued at $17,274,364.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Telekom Ag Deutsche sold 194,910 shares of the company’s stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $163.14, for a total value of $31,797,617.40. Following the transaction, the director now directly owns 692,659,571 shares of the company’s stock, valued at $113,000,482,412.94. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,923,807 shares of company stock worth $964,126,290. 0.70% of the stock is owned by corporate insiders.

About T-Mobile US

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding TMUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for T-Mobile US, Inc. (NASDAQ:TMUSFree Report).

Institutional Ownership by Quarter for T-Mobile US (NASDAQ:TMUS)

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