AIA Group Ltd Invests $343,000 in T-Mobile US, Inc. (NASDAQ:TMUS)

AIA Group Ltd purchased a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,554 shares of the Wireless communications provider's stock, valued at approximately $343,000.

Several other institutional investors have also added to or reduced their stakes in TMUS. Signaturefd LLC increased its stake in shares of T-Mobile US by 0.4% during the fourth quarter. Signaturefd LLC now owns 11,324 shares of the Wireless communications provider's stock valued at $2,499,000 after buying an additional 41 shares during the period. JSF Financial LLC boosted its holdings in T-Mobile US by 0.9% in the fourth quarter. JSF Financial LLC now owns 5,062 shares of the Wireless communications provider's stock valued at $1,117,000 after acquiring an additional 44 shares in the last quarter. D Orazio & Associates Inc. increased its position in T-Mobile US by 3.7% during the 4th quarter. D Orazio & Associates Inc. now owns 1,316 shares of the Wireless communications provider's stock valued at $290,000 after purchasing an additional 47 shares during the period. Warren Street Wealth Advisors LLC increased its position in T-Mobile US by 4.3% during the 4th quarter. Warren Street Wealth Advisors LLC now owns 1,141 shares of the Wireless communications provider's stock valued at $252,000 after purchasing an additional 47 shares during the period. Finally, Relyea Zuckerberg Hanson LLC raised its holdings in T-Mobile US by 3.9% in the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 1,286 shares of the Wireless communications provider's stock worth $284,000 after purchasing an additional 48 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company's stock.

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T-Mobile US Stock Performance

NASDAQ TMUS traded up $3.33 during trading hours on Thursday, hitting $267.89. The company's stock had a trading volume of 5,650,736 shares, compared to its average volume of 4,172,291. 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 simple moving average is $256.82 and its two-hundred day simple moving average is $234.49. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. The company has a market cap of $305.86 billion, a P/E ratio of 27.70, a price-to-earnings-growth ratio of 1.55 and a beta of 0.63.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, topping 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 expect that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be issued a dividend of $0.88 per share. The ex-dividend date is Friday, May 30th. This represents a $3.52 annualized dividend and a dividend yield of 1.31%. T-Mobile US's payout ratio is 36.40%.

Analyst Upgrades and Downgrades

TMUS has been the topic of several research analyst reports. HSBC cut shares of T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 price target on the stock. in a research report on Wednesday, March 5th. JPMorgan Chase & Co. upped 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. Tigress Financial restated a "buy" rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Sanford C. Bernstein started coverage on T-Mobile US in a research note on Tuesday, December 10th. They issued a "market perform" rating and a $265.00 price target on the stock. Finally, Scotiabank raised their price objective on T-Mobile US from $247.00 to $275.00 and gave the company a "sector perform" rating in a research report on Monday, March 3rd. Eleven research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $256.80.

Insider Transactions 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 dated 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 directly owns 3,291 shares in the company, valued at $865,533. The trade was a 18.15 % decrease in their position. The transaction was disclosed in a document filed 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.