Keystone Investors PTE Ltd. Makes New Investment in T-Mobile US, Inc. (NASDAQ:TMUS)

Keystone Investors PTE Ltd. bought a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,174 shares of the Wireless communications provider's stock, valued at approximately $259,000.

A number of other hedge funds have also modified their holdings of TMUS. Wellington Management Group LLP raised its holdings in T-Mobile US by 4.0% in the 3rd quarter. Wellington Management Group LLP now owns 15,524,529 shares of the Wireless communications provider's stock valued at $3,203,642,000 after acquiring an additional 602,786 shares during the last quarter. FMR LLC grew its position in shares of T-Mobile US by 13.4% in the third quarter. FMR LLC now owns 12,893,770 shares of the Wireless communications provider's stock valued at $2,660,758,000 after purchasing an additional 1,522,394 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of T-Mobile US by 9.9% in the third quarter. Franklin Resources Inc. now owns 6,553,703 shares of the Wireless communications provider's stock valued at $1,448,426,000 after purchasing an additional 590,711 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in T-Mobile US by 2.7% during the fourth 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 in the last quarter. Finally, Barclays PLC boosted its stake 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 buying an additional 876,182 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Several research firms have recently commented on TMUS. UBS Group lowered T-Mobile US from a "strong-buy" rating to a "hold" rating in a report on Friday, March 21st. Wells Fargo & Company reaffirmed an "equal weight" rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Tigress Financial reissued a "buy" rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Evercore ISI raised shares of T-Mobile US to a "strong-buy" rating in a research report on Thursday, January 23rd. Finally, HSBC lowered T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 price objective for the company. in a research report on Wednesday, March 5th. Eleven research 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, the company has an average rating of "Moderate Buy" and a consensus target price of $256.80.

Insider Activity

In related news, Director Srikant M. Datar sold 730 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total value of $191,990.00. Following the transaction, the director now owns 3,291 shares of the company's stock, valued at $865,533. This represents a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.67% of the company's stock.

T-Mobile US Stock Down 1.2 %

NASDAQ:TMUS traded down $3.16 during midday trading on Friday, reaching $265.12. The company had a trading volume of 1,223,150 shares, compared to its average volume of 4,159,636. The stock's fifty day simple moving average is $252.00 and its 200-day simple moving average is $232.15. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. T-Mobile US, Inc. has a 12-month low of $159.14 and a 12-month high of $276.49. The firm has a market capitalization of $302.70 billion, a price-to-earnings ratio of 27.42, a PEG ratio of 1.55 and a beta of 0.64.

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

T-Mobile US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders 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 1.33%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US's dividend payout ratio is presently 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.