Main Street Research LLC increased its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 1.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 176,114 shares of the Wireless communications provider's stock after purchasing an additional 2,791 shares during the period. T-Mobile US makes up 2.4% of Main Street Research LLC's holdings, making the stock its 17th largest position. Main Street Research LLC's holdings in T-Mobile US were worth $38,874,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dunhill Financial LLC lifted its position in T-Mobile US by 76.7% during the 3rd quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider's stock worth $27,000 after buying an additional 56 shares in the last quarter. Financial Life Planners bought a new stake in T-Mobile US during the 4th quarter worth about $29,000. Legacy Investment Solutions LLC bought a new stake in T-Mobile US during the 3rd quarter worth about $34,000. Planning Capital Management Corp lifted its position in T-Mobile US by 134.7% during the 3rd quarter. Planning Capital Management Corp now owns 176 shares of the Wireless communications provider's stock worth $36,000 after buying an additional 101 shares in the last quarter. Finally, Bruce G. Allen Investments LLC lifted its position in T-Mobile US by 79.3% during the 4th quarter. Bruce G. Allen Investments LLC now owns 165 shares of the Wireless communications provider's stock worth $36,000 after buying an additional 73 shares in the last quarter. 42.49% of the stock is owned by institutional investors.
T-Mobile US Stock Performance
T-Mobile US stock traded down $1.06 during trading hours on Wednesday, hitting $255.61. The company had a trading volume of 3,980,431 shares, compared to its average volume of 4,000,982. The firm has a 50-day moving average of $242.14 and a 200 day moving average of $227.74. T-Mobile US, Inc. has a one year low of $158.84 and a one year high of $276.49. The firm has a market cap of $291.84 billion, a PE ratio of 26.43, a PEG ratio of 1.55 and a beta of 0.64. 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 (NASDAQ:TMUS - Get Free Report) last announced its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, topping 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, sell-side analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.
T-Mobile US Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders of record on Friday, May 30th will be given a dividend of $0.88 per share. The ex-dividend date is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.38%. T-Mobile US's payout ratio is presently 36.40%.
Wall Street Analyst Weigh In
Several equities research analysts have commented on the stock. Bank of America boosted their price target 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. Hsbc Global Res cut shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 5th. Barclays upped their target price on shares of T-Mobile US from $230.00 to $250.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Oppenheimer upped their target price on shares of T-Mobile US from $250.00 to $275.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. upped their target price on shares of T-Mobile US from $250.00 to $265.00 and gave the company an "overweight" rating in a report on Thursday, January 30th. Nine investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $254.10.
Get Our Latest Analysis on T-Mobile US
Insiders Place Their Bets
In other T-Mobile US news, Director Letitia A. Long sold 1,100 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $231.08, for a total transaction of $254,188.00. Following the transaction, the director now owns 5,653 shares in the company, valued at $1,306,295.24. This represents a 16.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Srikant M. Datar sold 730 shares of the 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 transaction, the director now owns 3,291 shares in the company, valued at approximately $865,533. The trade was a 18.15 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.67% of the company's stock.
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.
See Also
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 where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
