Bank of Montreal Can Raises Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Bank of Montreal Can grew its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 0.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,076,017 shares of the Wireless communications provider's stock after acquiring an additional 6,646 shares during the period. Bank of Montreal Can owned about 0.09% of T-Mobile US worth $237,509,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of TMUS. Norges Bank bought a new position in T-Mobile US during the 4th quarter valued at approximately $1,802,393,000. Raymond James Financial Inc. purchased a new position in shares of T-Mobile US during the fourth quarter valued at approximately $452,721,000. Barclays PLC raised its holdings in shares of T-Mobile US by 38.3% during the third quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider's stock valued at $653,160,000 after acquiring an additional 876,182 shares in the last quarter. Proficio Capital Partners LLC lifted its stake in T-Mobile US by 31,353.2% in the fourth quarter. Proficio Capital Partners LLC now owns 635,040 shares of the Wireless communications provider's stock worth $140,172,000 after acquiring an additional 633,021 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in T-Mobile US by 9.9% in the third quarter. Franklin Resources Inc. now owns 6,553,703 shares of the Wireless communications provider's stock valued at $1,448,426,000 after acquiring an additional 590,711 shares in the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

TMUS has been the subject of several research reports. HSBC lowered shares of T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 price objective for the company. in a report on Wednesday, March 5th. Bank of America raised their price objective on shares of T-Mobile US from $240.00 to $255.00 and gave the stock a "buy" rating in a 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. UBS Group cut T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 21st. Finally, Morgan Stanley assumed coverage on T-Mobile US in a research report on Monday, December 16th. They set an "overweight" rating and a $280.00 price target on the stock. Eleven analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, T-Mobile US presently has a consensus rating of "Moderate Buy" and a consensus target price of $256.80.

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 stock was 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 $865,533. The trade was a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.67% of the stock is owned by insiders.

T-Mobile US Stock Up 1.0 %

TMUS stock traded up $2.55 during midday trading on Friday, hitting $258.67. The company's stock had a trading volume of 3,987,274 shares, compared to its average volume of 4,241,707. The company has a market cap of $295.34 billion, a PE ratio of 26.75, a P/E/G ratio of 1.55 and a beta of 0.63. The firm's 50-day moving average is $260.28 and its 200-day moving average is $237.51. T-Mobile US, Inc. has a 12 month low of $159.14 and a 12 month high of $276.49. 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 (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, beating the consensus estimate of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. On average, equities research analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal 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 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 1.36%. T-Mobile US's payout ratio is 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.