Distillate Capital Partners LLC Buys Shares of 216,512 T-Mobile US, Inc. (NASDAQ:TMUS)

Distillate Capital Partners LLC bought a new position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 216,512 shares of the Wireless communications provider's stock, valued at approximately $47,791,000. T-Mobile US comprises about 2.3% of Distillate Capital Partners LLC's investment portfolio, making the stock its 4th largest holding.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fortis Capital Advisors LLC raised its position in shares of T-Mobile US by 73.1% in the fourth quarter. Fortis Capital Advisors LLC now owns 10,176 shares of the Wireless communications provider's stock valued at $2,246,000 after purchasing an additional 4,298 shares during the period. Covestor Ltd grew its position in shares of T-Mobile US by 61.2% in the fourth quarter. Covestor Ltd now owns 498 shares of the Wireless communications provider's stock valued at $110,000 after purchasing an additional 189 shares during the last quarter. Treasurer of the State of North Carolina lifted its position in shares of T-Mobile US by 0.7% during the 4th quarter. Treasurer of the State of North Carolina now owns 225,486 shares of the Wireless communications provider's stock worth $49,772,000 after purchasing an additional 1,460 shares during the last quarter. Scotia Capital Inc. lifted its position in shares of T-Mobile US by 15.4% during the 4th quarter. Scotia Capital Inc. now owns 34,811 shares of the Wireless communications provider's stock worth $7,685,000 after purchasing an additional 4,657 shares during the last quarter. Finally, CenterBook Partners LP acquired a new stake in T-Mobile US in the 4th quarter valued at approximately $1,964,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

TMUS has been the topic of a number of research reports. Royal Bank of Canada boosted their target price on shares of T-Mobile US from $245.00 to $260.00 and gave the stock a "sector perform" rating in a research report on Friday, March 21st. Oppenheimer boosted their price objective 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. Hsbc Global Res cut shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Evercore ISI upgraded shares of T-Mobile US to a "strong-buy" rating in a research report on Thursday, January 23rd. Finally, Benchmark reissued a "buy" rating and issued a $275.00 price target on shares of T-Mobile US in a research report on Thursday, March 27th. 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 stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $256.80.

Insiders Place Their Bets

In related news, Director Srikant M. Datar sold 730 shares of T-Mobile US stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total transaction of $191,990.00. Following the transaction, the director now owns 3,291 shares of the company's stock, valued at $865,533. This trade represents a 18.15 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.67% of the company's stock.

T-Mobile US Trading Up 1.5 %

TMUS stock traded up $4.07 during midday trading on Tuesday, reaching $266.71. The stock had a trading volume of 3,129,798 shares, compared to its average volume of 4,234,689. The firm has a market cap of $304.51 billion, a price-to-earnings ratio of 27.58, a PEG ratio of 1.55 and a beta of 0.63. T-Mobile US, Inc. has a twelve month low of $159.14 and a twelve month high of $276.49. 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 business has a fifty day simple moving average of $260.69 and a two-hundred day simple moving average of $237.92.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, topping 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%. As a group, research analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders of record on Friday, May 30th will be paid a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.32%. The ex-dividend date is Friday, May 30th. T-Mobile US's payout ratio is 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.