Mariner LLC Buys 40,932 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Mariner LLC grew its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 3.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,091,798 shares of the Wireless communications provider's stock after acquiring an additional 40,932 shares during the period. Mariner LLC owned 0.10% of T-Mobile US worth $240,991,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of TMUS. Barclays PLC increased its position in T-Mobile US by 38.3% in the 3rd quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider's stock valued at $653,160,000 after acquiring an additional 876,182 shares in the last quarter. Gladstone Institutional Advisory LLC bought a new position in T-Mobile US in the 4th quarter valued at $1,552,000. Trust Co. of Vermont lifted its stake in shares of T-Mobile US by 11.9% during the fourth quarter. Trust Co. of Vermont now owns 26,972 shares of the Wireless communications provider's stock valued at $5,954,000 after acquiring an additional 2,865 shares during the period. Rice Partnership LLC bought a new position in T-Mobile US in the fourth quarter valued at about $7,678,000. Finally, Exchange Traded Concepts LLC increased its position in T-Mobile US by 737.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 56,521 shares of the Wireless communications provider's stock worth $12,476,000 after purchasing an additional 49,775 shares during the period. Institutional investors and hedge funds own 42.49% of the company's stock.

Insider Activity

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 value of $191,990.00. Following the transaction, the director now directly owns 3,291 shares of the company's stock, valued at $865,533. This trade represents a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.67% of the stock is owned by company insiders.

T-Mobile US Stock Performance

T-Mobile US stock traded up $2.40 during trading hours on Friday, hitting $262.04. The company had a trading volume of 3,488,338 shares, compared to its average volume of 4,234,419. T-Mobile US, Inc. has a one year low of $160.62 and a one year high of $276.49. The firm has a market cap of $299.18 billion, a PE ratio of 27.10, a PEG ratio of 1.55 and a beta of 0.63. The firm has a 50-day moving average of $261.54 and a 200 day moving average of $239.03. 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 released its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share 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, sell-side analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Announces Dividend

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 of this dividend is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.34%. T-Mobile US's payout ratio is presently 36.40%.

Analyst Ratings Changes

A number of research firms recently weighed in on TMUS. 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 note on Thursday, January 30th. Oppenheimer boosted their price objective 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. Scotiabank boosted their price target on shares of T-Mobile US from $247.00 to $275.00 and gave the company a "sector perform" rating in a report on Monday, March 3rd. Evercore ISI upgraded T-Mobile US to a "strong-buy" rating in a research report on Thursday, January 23rd. Finally, HSBC downgraded T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 price target on the stock. in a research note on Wednesday, March 5th. Eleven investment 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's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $256.80.

About T-Mobile US

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.