15,542 Shares in T-Mobile US, Inc. (NASDAQ:TMUS) Acquired by Allstate Corp

Allstate Corp bought a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 15,542 shares of the Wireless communications provider's stock, valued at approximately $3,431,000.

Other large investors have also modified their holdings of the company. Barclays PLC increased its holdings in T-Mobile US by 38.3% in the third quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider's stock valued at $653,160,000 after buying an additional 876,182 shares in the last quarter. Gladstone Institutional Advisory LLC purchased a new stake in T-Mobile US during the fourth quarter worth $1,552,000. Trust Co. of Vermont grew its stake in T-Mobile US by 11.9% in the 4th quarter. Trust Co. of Vermont now owns 26,972 shares of the Wireless communications provider's stock valued at $5,954,000 after acquiring an additional 2,865 shares during the last quarter. Rice Partnership LLC purchased a new position in T-Mobile US during the 4th quarter valued at about $7,678,000. Finally, Exchange Traded Concepts LLC raised its position in T-Mobile US by 737.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 56,521 shares of the Wireless communications provider's stock worth $12,476,000 after acquiring an additional 49,775 shares during the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on TMUS shares. Hsbc Global Res lowered T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Bank of America raised their target price on shares of T-Mobile US from $240.00 to $255.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. Wells Fargo & Company reiterated an "equal weight" rating on shares of T-Mobile US in a report on Wednesday, February 26th. Barclays raised their price objective on T-Mobile US from $230.00 to $250.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Finally, Evercore ISI upgraded T-Mobile US to a "strong-buy" rating in a research report on Thursday, January 23rd. Eleven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, T-Mobile US presently has a consensus rating of "Moderate Buy" and a consensus price target of $256.80.

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Insider Buying and Selling at T-Mobile US

In other news, Director Srikant M. Datar sold 730 shares of the business's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total value of $191,990.00. Following the completion of the sale, the director now owns 3,291 shares of the company's stock, valued at approximately $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 at the SEC website. 0.67% of the stock is owned by insiders.

T-Mobile US Stock Down 1.5 %

Shares of NASDAQ:TMUS traded down $3.98 during mid-day trading on Wednesday, hitting $264.56. 2,912,860 shares of the company traded hands, compared to its average volume of 4,162,470. The firm has a market cap of $302.06 billion, a P/E ratio of 27.36, a PEG ratio of 1.55 and a beta of 0.63. T-Mobile US, Inc. has a 52-week low of $159.14 and a 52-week high of $276.49. The firm's 50 day simple moving average is $254.86 and its 200 day simple moving average is $234.05. 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 posted its 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%. On average, equities analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US's dividend payout ratio is currently 36.40%.

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.