Capital Group Private Client Services Inc. Raises Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Capital Group Private Client Services Inc. grew its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 69.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 150,793 shares of the Wireless communications provider's stock after purchasing an additional 61,759 shares during the quarter. Capital Group Private Client Services Inc.'s holdings in T-Mobile US were worth $33,285,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of TMUS. Principal Financial Group Inc. raised its position in T-Mobile US by 2.5% in the third quarter. Principal Financial Group Inc. now owns 1,978,567 shares of the Wireless communications provider's stock valued at $408,297,000 after purchasing an additional 47,350 shares during the period. Barclays PLC grew its holdings in shares of 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 purchasing an additional 876,182 shares in the last quarter. Passumpsic Savings Bank purchased a new stake in T-Mobile US during the 3rd quarter worth approximately $2,634,000. Pine Valley Investments Ltd Liability Co lifted its holdings in T-Mobile US by 1.3% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 5,498 shares of the Wireless communications provider's stock worth $1,135,000 after buying an additional 70 shares in the last quarter. Finally, World Investment Advisors LLC purchased a new position in T-Mobile US in the 3rd quarter valued at approximately $510,000. Hedge funds and other institutional investors own 42.49% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Scotiabank increased their price objective on T-Mobile US from $247.00 to $275.00 and gave the company a "sector perform" rating in a research note on Monday, March 3rd. Benchmark reiterated a "buy" rating and set a $275.00 target price on shares of T-Mobile US in a research note on Thursday, March 27th. UBS Group cut T-Mobile US from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 21st. Tigress Financial restated a "buy" rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Finally, Bank of America boosted their price objective 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. Eleven equities research 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. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $256.80.

Insider Activity

In related 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 transaction, 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.67% of the company's stock.

T-Mobile US Price Performance

T-Mobile US stock traded up $0.52 during mid-day trading on Wednesday, reaching $258.82. The company had a trading volume of 1,922,851 shares, compared to its average volume of 4,224,102. The stock's 50-day simple moving average is $261.36 and its 200-day simple moving average is $239.91. The company has a market capitalization of $294.19 billion, a P/E ratio of 26.77, a P/E/G ratio of 1.55 and a beta of 0.63. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. T-Mobile US, Inc. has a 1 year low of $160.62 and a 1 year high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, topping 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 analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be issued a $0.88 dividend. The ex-dividend date is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.36%. T-Mobile US's dividend payout ratio (DPR) is 36.40%.

T-Mobile US 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.