Prudential Financial Inc. Has $126.36 Million Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Prudential Financial Inc. boosted its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 11.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 572,453 shares of the Wireless communications provider’s stock after buying an additional 56,808 shares during the quarter. Prudential Financial Inc. owned approximately 0.05% of T-Mobile US worth $126,358,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Rakuten Securities Inc. increased its stake in shares of T-Mobile US by 93.9% during the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 62 shares during the last quarter. Dunhill Financial LLC increased its holdings in shares of T-Mobile US by 76.7% during the 3rd quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock worth $27,000 after purchasing an additional 56 shares during the period. Financial Life Planners bought a new stake in shares of T-Mobile US in the 4th quarter worth approximately $29,000. Legacy Investment Solutions LLC bought a new stake in T-Mobile US in the 3rd quarter valued at $34,000. Finally, Bruce G. Allen Investments LLC boosted its holdings in T-Mobile US by 79.3% during the fourth quarter. Bruce G. Allen Investments LLC now owns 165 shares of the Wireless communications provider’s stock valued at $36,000 after purchasing an additional 73 shares in the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on TMUS shares. KeyCorp lowered shares of T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 price target on the stock. in a research report on Thursday, December 12th. JPMorgan Chase & Co. increased their target price on T-Mobile US from $265.00 to $270.00 and gave the stock an “overweight” rating in a report on Tuesday, March 18th. Citigroup downgraded shares of T-Mobile US from a “buy” rating to a “neutral” rating and set a $268.00 price target on the stock. in a research report on Friday, March 14th. Evercore ISI upgraded shares of T-Mobile US to a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, Bank of America upped their price objective on T-Mobile US from $240.00 to $255.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Ten analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, T-Mobile US has an average rating of “Moderate Buy” and an average target price of $255.80.

T-Mobile US Trading Down 0.5 %

TMUS stock opened at $255.84 on Monday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. The company has a market capitalization of $292.10 billion, a PE ratio of 26.46, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64. T-Mobile US, Inc. has a 52 week low of $159.14 and a 52 week high of $276.49. The company’s 50-day simple moving average is $248.19 and its 200 day simple moving average is $230.79.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data 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%. As a group, sell-side analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be paid a $0.88 dividend. The ex-dividend date is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.38%. T-Mobile US’s payout ratio is currently 36.40%.

Insider Transactions at T-Mobile US

In other news, Director Srikant M. Datar sold 730 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total transaction of $191,990.00. Following the completion of the sale, the director now owns 3,291 shares in the company, valued at $865,533. The trade was a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.67% of the company’s stock.

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.