Burney Co. increased its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 126.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,914 shares of the Wireless communications provider's stock after purchasing an additional 3,307 shares during the period. Burney Co.'s holdings in T-Mobile US were worth $1,305,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in TMUS. Wellington Management Group LLP raised its holdings in T-Mobile US by 4.0% in the third quarter. Wellington Management Group LLP now owns 15,524,529 shares of the Wireless communications provider's stock worth $3,203,642,000 after purchasing an additional 602,786 shares during the period. FMR LLC increased its position in shares of T-Mobile US by 13.4% in the 3rd quarter. FMR LLC now owns 12,893,770 shares of the Wireless communications provider's stock valued at $2,660,758,000 after buying an additional 1,522,394 shares in the last quarter. Franklin Resources Inc. raised its stake in 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 during the period. Legal & General Group Plc lifted its holdings in T-Mobile US by 6.8% during the second quarter. Legal & General Group Plc now owns 4,751,007 shares of the Wireless communications provider's stock worth $837,032,000 after acquiring an additional 303,582 shares in the last quarter. Finally, Barclays PLC lifted its holdings in 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 worth $653,160,000 after acquiring an additional 876,182 shares in the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research analysts recently issued reports on the company. Evercore ISI increased their price objective on T-Mobile US from $220.00 to $240.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Scotiabank raised their price target on shares of T-Mobile US from $236.00 to $237.00 and gave the stock a "sector perform" rating in a research note on Thursday, October 24th. Daiwa America upgraded shares of T-Mobile US to a "hold" rating in a report on Friday, October 25th. BNP Paribas upgraded shares of T-Mobile US to a "strong-buy" rating in a report on Friday, October 25th. Finally, Royal Bank of Canada lowered shares of T-Mobile US from an "outperform" rating to a "sector perform" rating and lowered their price target for the company from $255.00 to $240.00 in a research note on Monday, January 6th. Seven analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, T-Mobile US currently has a consensus rating of "Moderate Buy" and a consensus target price of $245.74.
Read Our Latest Stock Analysis on TMUS
Insider Activity at T-Mobile US
In other news, CFO Peter Osvaldik sold 20,000 shares of T-Mobile US stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $233.55, for a total value of $4,671,000.00. Following the completion of the sale, the chief financial officer now directly owns 61,307 shares in the company, valued at approximately $14,318,249.85. The trade was a 24.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Srikant M. Datar sold 1,000 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $247.19, for a total value of $247,190.00. Following the sale, the director now directly owns 5,021 shares in the company, valued at $1,241,140.99. This represents a 16.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 164,200 shares of company stock worth $37,407,303 in the last ninety days. 0.67% of the stock is owned by company insiders.
T-Mobile US Stock Performance
Shares of TMUS traded up $3.22 during mid-day trading on Friday, reaching $218.97. The company's stock had a trading volume of 4,224,613 shares, compared to its average volume of 3,695,229. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23. T-Mobile US, Inc. has a 1-year low of $158.84 and a 1-year high of $248.15. The business has a 50-day simple moving average of $229.26 and a two-hundred day simple moving average of $209.98. The stock has a market cap of $254.11 billion, a P/E ratio of 24.97, a PEG ratio of 1.05 and a beta of 0.56.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.32 by $0.29. The business had revenue of $20.16 billion during the quarter, compared to the consensus estimate of $20.01 billion. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The company's quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.82 EPS. As a group, equities research analysts anticipate that T-Mobile US, Inc. will post 9.31 earnings per share for the current fiscal year.
T-Mobile US Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Friday, February 28th will be issued a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $3.52 annualized dividend and a yield of 1.61%. T-Mobile US's payout ratio is currently 40.14%.
About T-Mobile US
(
Free Report)
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.
Recommended Stories
Before you consider T-Mobile US, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and T-Mobile US wasn't on the list.
While T-Mobile US currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering when you'll finally be able to invest in SpaceX, StarLink, or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.
Get This Free Report
