Exchange Traded Concepts LLC boosted its holdings in T-Mobile US, Inc. (NASDAQ:TMUS – Free Report) by 737.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 56,521 shares of the Wireless communications provider’s stock after buying an additional 49,775 shares during the period. Exchange Traded Concepts LLC’s holdings in T-Mobile US were worth $12,476,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of TMUS. CX Institutional lifted its holdings in T-Mobile US by 7.9% in the 4th quarter. CX Institutional now owns 32,797 shares of the Wireless communications provider’s stock worth $7,239,000 after purchasing an additional 2,397 shares in the last quarter. Sound Income Strategies LLC raised its position in shares of T-Mobile US by 13.1% during the fourth quarter. Sound Income Strategies LLC now owns 1,251 shares of the Wireless communications provider’s stock valued at $276,000 after buying an additional 145 shares during the last quarter. LexAurum Advisors LLC boosted its position in shares of T-Mobile US by 267.7% during the fourth quarter. LexAurum Advisors LLC now owns 8,888 shares of the Wireless communications provider’s stock worth $1,962,000 after acquiring an additional 6,471 shares during the last quarter. Sustainable Insight Capital Management LLC grew its stake in T-Mobile US by 15.0% during the fourth quarter. Sustainable Insight Capital Management LLC now owns 55,792 shares of the Wireless communications provider’s stock valued at $12,315,000 after acquiring an additional 7,264 shares in the last quarter. Finally, Montecito Bank & Trust increased its holdings in T-Mobile US by 19.0% in the 4th quarter. Montecito Bank & Trust now owns 4,063 shares of the Wireless communications provider’s stock valued at $897,000 after acquiring an additional 650 shares during the last quarter. 42.49% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several research firms have commented on TMUS. Scotiabank increased their price objective on shares of T-Mobile US from $236.00 to $237.00 and gave the company a “sector perform” rating in a report on Thursday, October 24th. Sanford C. Bernstein assumed coverage on T-Mobile US in a report on Tuesday, December 10th. They set a “market perform” rating and a $265.00 price target for the company. UBS Group upped their price objective on T-Mobile US from $210.00 to $255.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. BNP Paribas raised shares of T-Mobile US to a “strong-buy” rating in a report on Friday, October 25th. Finally, Daiwa America upgraded shares of T-Mobile US to a “hold” rating in a research report on Friday, October 25th. Seven investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $245.74.
Insider Activity
In related news, Director Raul Marcelo Claure sold 110,000 shares of T-Mobile US stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $224.30, for a total transaction 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 trade represents a 7.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Nestor Cano sold 11,100 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $230.75, for a total value of $2,561,325.00. Following the sale, the executive vice president now owns 4,400 shares of the company’s stock, valued at approximately $1,015,300. This represents a 71.61 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 144,200 shares of company stock worth $32,736,303. Company insiders own 0.67% of the company’s stock.
T-Mobile US Price Performance
T-Mobile US stock opened at $216.92 on Friday. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99. The stock has a market cap of $251.73 billion, a price-to-earnings ratio of 24.80, a price-to-earnings-growth ratio of 1.08 and a beta of 0.56. The firm has a 50-day moving average of $227.70 and a two-hundred day moving average of $211.31. T-Mobile US, Inc. has a 1 year low of $158.84 and a 1 year high of $248.15.
T-Mobile US (NASDAQ:TMUS – Get Free Report) last announced its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $20.01 billion. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. T-Mobile US’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.82 earnings per share. On average, research analysts forecast that T-Mobile US, Inc. will post 9.3 earnings per share for the current year.
T-Mobile US Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders 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 dividend yield of 1.62%. The ex-dividend date is Friday, February 28th. T-Mobile US’s payout ratio is 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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