Bridgewater Associates LP Grows Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Bridgewater Associates LP grew its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 6.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 212,194 shares of the Wireless communications provider's stock after acquiring an additional 12,615 shares during the quarter. Bridgewater Associates LP's holdings in T-Mobile US were worth $46,838,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Geode Capital Management LLC raised its position in shares of T-Mobile US by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 11,857,917 shares of the Wireless communications provider's stock valued at $2,610,542,000 after buying an additional 90,755 shares in the last quarter. Invesco Ltd. lifted its stake in T-Mobile US by 4.6% during the fourth quarter. Invesco Ltd. now owns 8,809,417 shares of the Wireless communications provider's stock worth $1,944,503,000 after purchasing an additional 384,956 shares during the last quarter. Norges Bank acquired a new stake in shares of T-Mobile US in the 4th quarter valued at $1,802,393,000. Franklin Resources Inc. raised its holdings in shares of T-Mobile US by 9.9% during the 3rd quarter. Franklin Resources Inc. now owns 6,553,703 shares of the Wireless communications provider's stock worth $1,448,426,000 after buying an additional 590,711 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of T-Mobile US by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,230,038 shares of the Wireless communications provider's stock worth $712,966,000 after buying an additional 85,012 shares during the last quarter. Institutional investors 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 firm's stock in a transaction 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 completion of the sale, the director now directly owns 3,291 shares of the company's stock, valued at $865,533. This trade represents a 18.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.67% of the stock is currently owned by company insiders.

T-Mobile US Stock Up 0.9 %

TMUS stock traded up $2.40 during mid-day trading on Friday, reaching $262.04. 3,488,338 shares of the company traded hands, compared to its average volume of 4,230,484. 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's 50 day moving average price is $261.47 and its 200 day moving average price is $238.65. The stock has a market cap of $299.18 billion, a price-to-earnings ratio of 27.10, a P/E/G ratio of 1.55 and a beta of 0.63. T-Mobile US, Inc. has a fifty-two week low of $160.06 and a fifty-two week high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, beating analysts' consensus estimates of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. As a group, equities research analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.34%. T-Mobile US's payout ratio is presently 36.40%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. JPMorgan Chase & Co. boosted their target price on T-Mobile US from $265.00 to $270.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 18th. Barclays increased their price objective on shares of T-Mobile US from $230.00 to $250.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Wells Fargo & Company reaffirmed an "equal weight" rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Hsbc Global Res cut T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Finally, Scotiabank upped their target price on T-Mobile US from $247.00 to $275.00 and gave the stock a "sector perform" rating in a report on Monday, March 3rd. Eleven investment 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's stock. According to MarketBeat, T-Mobile US presently has a consensus rating of "Moderate Buy" and an average price target of $256.80.

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.