Sustainable Insight Capital Management LLC lifted its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS – Free Report) by 15.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 55,792 shares of the Wireless communications provider’s stock after purchasing an additional 7,264 shares during the period. T-Mobile US accounts for about 5.4% of Sustainable Insight Capital Management LLC’s portfolio, making the stock its 7th largest position. Sustainable Insight Capital Management LLC’s holdings in T-Mobile US were worth $12,315,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. DT Investment Partners LLC boosted its position in shares of T-Mobile US by 65.3% in the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock worth $25,000 after buying an additional 47 shares in the last quarter. Dunhill Financial LLC raised its position in T-Mobile US by 76.7% during the third quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock worth $27,000 after acquiring an additional 56 shares during the last quarter. MFA Wealth Advisors LLC lifted its holdings in shares of T-Mobile US by 128.3% in the third quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 77 shares in the last quarter. Legacy Investment Solutions LLC acquired a new stake in shares of T-Mobile US in the third quarter valued at approximately $34,000. Finally, Planning Capital Management Corp increased its stake in shares of T-Mobile US by 134.7% during the 3rd quarter. Planning Capital Management Corp now owns 176 shares of the Wireless communications provider’s stock worth $36,000 after purchasing an additional 101 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.
T-Mobile US Trading Down 1.0 %
NASDAQ TMUS opened at $216.04 on Friday. The stock has a market cap of $250.71 billion, a P/E ratio of 24.63, a PEG ratio of 1.08 and a beta of 0.56. The company’s fifty day simple moving average is $227.70 and its 200-day simple moving average is $211.31. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23. T-Mobile US, Inc. has a 52 week low of $158.84 and a 52 week high of $248.15.
T-Mobile US Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.88 per share. The ex-dividend date is Friday, February 28th. This represents a $3.52 annualized dividend and a yield of 1.63%. T-Mobile US’s dividend payout ratio is presently 40.14%.
Analyst Ratings Changes
A number of brokerages have commented on TMUS. Oppenheimer increased their target price on T-Mobile US from $215.00 to $250.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Daiwa America upgraded T-Mobile US to a “hold” rating in a research report on Friday, October 25th. Evercore ISI lifted their price target on shares of T-Mobile US from $220.00 to $240.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Morgan Stanley initiated coverage on shares of T-Mobile US in a research note on Monday, December 16th. They set an “overweight” rating and a $280.00 price objective on the stock. Finally, KeyCorp cut shares of T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 target price for the company. in a research note on Thursday, December 12th. Seven equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, T-Mobile US currently has an average rating of “Moderate Buy” and a consensus target price of $245.74.
Get Our Latest Stock Report on TMUS
Insider Activity
In other news, Director Srikant M. Datar sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $247.19, for a total value of $247,190.00. Following the completion of the sale, the director now directly owns 5,021 shares of the company’s stock, valued at approximately $1,241,140.99. This represents a 16.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Raul Marcelo Claure sold 110,000 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $224.30, for a total transaction of $24,673,000.00. Following the completion of the sale, the director now owns 1,441,204 shares in the company, valued at $323,262,057.20. The trade was a 7.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 144,200 shares of company stock worth $32,736,303. 0.67% of the stock is currently owned by insiders.
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.
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