Norges Bank acquired a new stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 8,165,601 shares of the Wireless communications provider's stock, valued at approximately $1,802,393,000. Norges Bank owned approximately 0.72% of T-Mobile US at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of TMUS. Rakuten Securities Inc. lifted its stake in shares of T-Mobile US by 93.9% during the fourth quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider's stock valued at $28,000 after acquiring an additional 62 shares during the period. Dunhill Financial LLC lifted its position in T-Mobile US by 76.7% during the 3rd quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider's stock valued at $27,000 after purchasing an additional 56 shares during the period. CoreFirst Bank & Trust bought a new position in shares of T-Mobile US in the 4th quarter valued at about $28,000. Financial Life Planners acquired a new stake in shares of T-Mobile US during the 4th quarter worth approximately $29,000. Finally, Legacy Investment Solutions LLC bought a new stake in shares of T-Mobile US during the third quarter worth approximately $34,000. 42.49% of the stock is owned by institutional investors.
Insider Activity at T-Mobile US
In other T-Mobile US 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 transaction, the director now owns 3,291 shares of the company's stock, valued at $865,533. The trade was a 18.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.67% of the stock is owned by company insiders.
T-Mobile US Stock Down 1.2 %
NASDAQ TMUS traded down $3.35 during trading on Friday, hitting $264.93. The stock had a trading volume of 3,322,070 shares, compared to its average volume of 4,168,610. The company has a market capitalization of $302.48 billion, a PE ratio of 27.40, a P/E/G ratio of 1.55 and a beta of 0.64. T-Mobile US, Inc. has a 12 month low of $159.14 and a 12 month high of $276.49. The company's 50-day moving average price is $252.92 and its two-hundred day moving average price is $232.89. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, topping 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, sell-side analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current year.
T-Mobile US Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be issued a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Friday, May 30th. T-Mobile US's payout ratio is 36.40%.
Analyst Ratings Changes
A number of analysts have commented on the stock. UBS Group lowered shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a report on Friday, March 21st. Barclays upped their price objective on T-Mobile US from $230.00 to $250.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Evercore ISI upgraded T-Mobile US to a "strong-buy" rating in a report on Thursday, January 23rd. Bank of America upped their price target on T-Mobile US from $240.00 to $255.00 and gave the company a "buy" rating in a research note on Thursday, January 30th. Finally, Tigress Financial reissued a "buy" rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Eleven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $256.80.
View Our Latest Stock Report on T-Mobile US
About T-Mobile US
(
Free Report)
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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