Bank of Nova Scotia Raises Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Bank of Nova Scotia lifted its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 227.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 217,900 shares of the Wireless communications provider's stock after purchasing an additional 151,284 shares during the quarter. Bank of Nova Scotia's holdings in T-Mobile US were worth $48,097,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Rakuten Securities Inc. raised its stake in shares of T-Mobile US by 93.9% during the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider's stock worth $28,000 after buying an additional 62 shares during the period. CoreFirst Bank & Trust purchased a new position in shares of T-Mobile US in the fourth quarter valued at approximately $28,000. Financial Life Planners acquired a new stake in shares of T-Mobile US in the fourth quarter worth approximately $29,000. Bruce G. Allen Investments LLC raised its stake in T-Mobile US by 79.3% in the 4th quarter. Bruce G. Allen Investments LLC now owns 165 shares of the Wireless communications provider's stock valued at $36,000 after purchasing an additional 73 shares during the last quarter. Finally, Albion Financial Group UT purchased a new position in T-Mobile US in the 4th quarter valued at $39,000. Institutional investors and hedge funds own 42.49% of the company's stock.

Insider Activity at T-Mobile US

In other news, Director Srikant M. Datar sold 730 shares of the business's 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 transaction, the director now directly 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.67% of the stock is currently owned by company insiders.

Remove Ads

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TMUS. Citigroup downgraded shares of T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 price target on the stock. in a research note on Friday, March 14th. Tigress Financial restated a "buy" rating on shares of T-Mobile US in a report on Wednesday, February 26th. Oppenheimer upped their price target on T-Mobile US from $250.00 to $275.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. Scotiabank boosted their price objective on T-Mobile US from $247.00 to $275.00 and gave the stock a "sector perform" rating in a research note on Monday, March 3rd. Finally, Evercore ISI raised T-Mobile US to a "strong-buy" rating in a research note on Thursday, January 23rd. Eleven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, T-Mobile US currently has an average rating of "Moderate Buy" and a consensus target price of $256.80.

T-Mobile US Stock Performance

Shares of NASDAQ TMUS traded up $4.75 during mid-day trading on Monday, hitting $263.42. 744,258 shares of the company were exchanged, compared to its average volume of 4,154,082. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. The firm has a market cap of $300.76 billion, a price-to-earnings ratio of 27.24, a price-to-earnings-growth ratio of 1.55 and a beta of 0.63. The stock has a 50 day simple moving average of $260.28 and a 200-day simple moving average of $237.51. T-Mobile US, Inc. has a 1-year low of $159.14 and a 1-year high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its earnings results 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%. On average, sell-side analysts forecast 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. 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 dividend yield of 1.34%. The ex-dividend date is Friday, May 30th. T-Mobile US's dividend payout ratio is currently 36.40%.

T-Mobile US Company 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.