Headlands Technologies LLC Takes $2.03 Million Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Headlands Technologies LLC bought a new stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 9,172 shares of the Wireless communications provider's stock, valued at approximately $2,025,000.

Other large investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its holdings 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 worth $408,297,000 after purchasing an additional 47,350 shares in the last quarter. Holocene Advisors LP bought a new stake in shares of T-Mobile US during the 3rd quarter worth about $2,544,000. Hilltop Holdings Inc. raised its stake in shares of T-Mobile US by 36.1% in the 3rd quarter. Hilltop Holdings Inc. now owns 4,209 shares of the Wireless communications provider's stock valued at $868,000 after acquiring an additional 1,117 shares in the last quarter. Ionic Capital Management LLC acquired a new stake in shares of T-Mobile US in the third quarter worth $557,000. Finally, Investment Management Corp of Ontario boosted its holdings in shares of T-Mobile US by 261.8% during the 3rd quarter. Investment Management Corp of Ontario now owns 42,848 shares of the Wireless communications provider's stock worth $8,842,000 after buying an additional 31,004 shares during the period. 42.49% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. lifted their price objective 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 upped their price target on T-Mobile US from $230.00 to $250.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. 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. KeyCorp downgraded shares of T-Mobile US from an "overweight" rating to a "sector weight" rating and set a $252.00 price target for the company. in a report on Thursday, December 12th. Finally, Scotiabank lifted their target price on T-Mobile US from $247.00 to $275.00 and gave the stock a "sector perform" rating in a research report on Monday, March 3rd. Eleven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, T-Mobile US has a consensus rating of "Moderate Buy" and an average price target of $256.80.

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Insider Buying and Selling

In other news, Director Srikant M. Datar sold 730 shares of the company's stock in a transaction that occurred 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 sale, the director now owns 3,291 shares in the company, valued at $865,533. This represents a 18.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.67% of the stock is currently owned by corporate insiders.

T-Mobile US Stock Up 1.3 %

Shares of TMUS traded up $3.33 during mid-day trading on Thursday, hitting $267.89. 5,650,736 shares of the company's stock were exchanged, compared to its average volume of 4,172,291. 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 52 week low of $159.14 and a 52 week high of $276.49. The company has a market cap of $305.86 billion, a PE ratio of 27.70, a P/E/G ratio of 1.55 and a beta of 0.63. The company has a 50-day simple moving average of $256.82 and a 200 day simple moving average of $234.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, beating analysts' consensus estimates 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, research analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.31%. 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.