288,873 Shares in T-Mobile US, Inc. (NASDAQ:TMUS) Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS acquired a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 288,873 shares of the Wireless communications provider's stock, valued at approximately $63,763,000.

A number of other institutional investors also recently made changes to their positions in the business. AXQ Capital LP acquired a new stake in shares of T-Mobile US in the 4th quarter valued at about $1,350,000. Forefront Wealth Management Inc. bought a new stake in T-Mobile US in the fourth quarter valued at about $2,540,000. American Century Companies Inc. raised its stake in T-Mobile US by 5.4% during the fourth quarter. American Century Companies Inc. now owns 361,889 shares of the Wireless communications provider's stock valued at $79,880,000 after buying an additional 18,497 shares in the last quarter. Vestor Capital LLC lifted its holdings in T-Mobile US by 3,403.2% during the 4th quarter. Vestor Capital LLC now owns 15,134 shares of the Wireless communications provider's stock worth $3,341,000 after buying an additional 14,702 shares during the last quarter. Finally, Mizuho Securities USA LLC grew its position in shares of T-Mobile US by 45.4% in the 4th quarter. Mizuho Securities USA LLC now owns 46,195 shares of the Wireless communications provider's stock worth $10,197,000 after acquiring an additional 14,418 shares in the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

T-Mobile US Price Performance

TMUS stock traded up $0.01 during trading on Tuesday, hitting $258.97. The company had a trading volume of 1,036,936 shares, compared to its average volume of 3,978,143. The business has a 50 day moving average of $249.10 and a 200 day moving average of $231.22. The firm has a market capitalization of $295.68 billion, a price-to-earnings ratio of 26.78, a P/E/G ratio of 1.55 and a beta of 0.64. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. T-Mobile US, Inc. has a fifty-two week low of $159.14 and a fifty-two week high of $276.49.

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T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, beating the consensus estimate 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, research analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders of record on Friday, May 30th will be paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US's dividend payout ratio (DPR) is currently 36.40%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Tigress Financial reissued a "buy" rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Royal Bank of Canada increased their target price on shares of T-Mobile US from $245.00 to $260.00 and gave the stock a "sector perform" rating in a report on Friday. Citigroup lowered shares of T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 price target for the company. in a report on Friday, March 14th. KeyCorp lowered shares of T-Mobile US from an "overweight" rating to a "sector weight" rating and set a $252.00 price objective on the stock. in a research note on Thursday, December 12th. Finally, Oppenheimer lifted their target price on T-Mobile US from $250.00 to $275.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Eleven analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $255.80.

Insider Activity at T-Mobile US

In related news, Director Srikant M. Datar sold 730 shares of T-Mobile US stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total value of $191,990.00. Following the transaction, the director now owns 3,291 shares in the company, valued at $865,533. This trade represents a 18.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.67% of the company's stock.

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.