Centre Asset Management LLC Has $1.65 Million Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Centre Asset Management LLC grew its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 7.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 7,489 shares of the Wireless communications provider’s stock after acquiring an additional 522 shares during the quarter. Centre Asset Management LLC’s holdings in T-Mobile US were worth $1,653,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. GAMMA Investing LLC boosted its stake in shares of T-Mobile US by 12.0% during the fourth quarter. GAMMA Investing LLC now owns 10,390 shares of the Wireless communications provider’s stock valued at $2,293,000 after purchasing an additional 1,114 shares in the last quarter. Versant Capital Management Inc raised its holdings in T-Mobile US by 21.1% in the 4th quarter. Versant Capital Management Inc now owns 368 shares of the Wireless communications provider’s stock valued at $81,000 after buying an additional 64 shares during the last quarter. Inspire Trust Co. N.A. boosted its position in T-Mobile US by 9.8% during the 3rd quarter. Inspire Trust Co. N.A. now owns 11,512 shares of the Wireless communications provider’s stock worth $2,376,000 after buying an additional 1,026 shares during the period. Old North State Trust LLC grew its holdings in T-Mobile US by 1.4% during the 3rd quarter. Old North State Trust LLC now owns 3,637 shares of the Wireless communications provider’s stock worth $751,000 after acquiring an additional 50 shares during the last quarter. Finally, Franklin Resources Inc. increased its position 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 valued at $1,448,426,000 after acquiring an additional 590,711 shares during the period. Institutional investors own 42.49% of the company’s stock.

Insider Activity

In related news, Director Srikant M. Datar sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $247.19, for a total value of $247,190.00. Following the sale, the director now directly owns 5,021 shares of the company’s stock, valued at $1,241,140.99. This trade represents a 16.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Raul Marcelo Claure sold 110,000 shares of the firm’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $224.30, for a total value of $24,673,000.00. Following the transaction, the director now directly owns 1,441,204 shares of the company’s stock, valued at $323,262,057.20. This represents a 7.09 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 206,969 shares of company stock valued at $46,656,527. Corporate insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on TMUS shares. Barclays lifted their price target on shares of T-Mobile US from $215.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Morgan Stanley began coverage on T-Mobile US in a research note on Monday, December 16th. They issued an “overweight” rating and a $280.00 price objective on the stock. Benchmark raised their target price on T-Mobile US from $250.00 to $255.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Wells Fargo & Company boosted their price target on T-Mobile US from $230.00 to $240.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Finally, Citigroup raised their price objective on shares of T-Mobile US from $210.00 to $254.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Five equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $247.58.

T-Mobile US Stock Performance

Shares of NASDAQ TMUS traded up $0.86 during mid-day trading on Friday, hitting $220.39. The company had a trading volume of 295,872 shares, compared to its average volume of 1,553,107. T-Mobile US, Inc. has a 1 year low of $158.84 and a 1 year high of $248.15. The stock’s 50-day moving average price is $231.67 and its 200-day moving average price is $207.39. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23. The company has a market capitalization of $255.76 billion, a price-to-earnings ratio of 25.13, a P/E/G ratio of 1.18 and a beta of 0.53.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.29. The company had revenue of $20.16 billion during the quarter, compared to analyst estimates of $20.01 billion. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.82 earnings per share. On average, sell-side analysts forecast that T-Mobile US, Inc. will post 9.38 earnings per share for the current year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Friday, February 28th will be given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend is Friday, February 28th. T-Mobile US’s payout ratio is currently 40.14%.

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.