Marvin & Palmer Associates Inc. lifted its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 56.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,461 shares of the Wireless communications provider's stock after buying an additional 8,109 shares during the quarter. T-Mobile US makes up 3.8% of Marvin & Palmer Associates Inc.'s holdings, making the stock its 13th largest holding. Marvin & Palmer Associates Inc.'s holdings in T-Mobile US were worth $4,958,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC boosted its position 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 valued at $653,160,000 after purchasing an additional 876,182 shares in the last quarter. Gladstone Institutional Advisory LLC acquired a new stake in T-Mobile US in the fourth quarter worth about $1,552,000. Trust Co. of Vermont boosted its holdings in T-Mobile US by 11.9% in the fourth quarter. Trust Co. of Vermont now owns 26,972 shares of the Wireless communications provider's stock worth $5,954,000 after acquiring an additional 2,865 shares in the last quarter. Swedbank AB boosted its holdings in T-Mobile US by 5.1% in the third quarter. Swedbank AB now owns 255,044 shares of the Wireless communications provider's stock worth $52,631,000 after acquiring an additional 12,411 shares in the last quarter. Finally, Rice Partnership LLC acquired a new stake in T-Mobile US in the fourth quarter worth about $7,678,000. Institutional investors own 42.49% of the company's stock.
Insider Activity at T-Mobile US
In related news, Director Letitia A. Long sold 1,100 shares of the company's stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $231.08, for a total value of $254,188.00. Following the completion of the sale, the director now directly owns 5,653 shares of the company's stock, 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 Securities & Exchange Commission, which is available through the SEC website. Also, Director Srikant M. Datar sold 730 shares of the company's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total value of $191,990.00. Following the completion of the sale, the director now directly owns 3,291 shares of the company's stock, valued at approximately $865,533. This trade represents a 18.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.67% of the company's stock.
T-Mobile US Trading Down 0.4 %
Shares of TMUS stock traded down $1.06 on Wednesday, hitting $255.61. The stock had a trading volume of 3,980,431 shares, compared to its average volume of 4,000,982. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. The firm has a market capitalization of $291.84 billion, a P/E ratio of 26.43, a P/E/G ratio of 1.55 and a beta of 0.64. T-Mobile US, Inc. has a 1 year low of $158.84 and a 1 year high of $276.49. The company's 50 day moving average price is $242.14 and its 200-day moving average price is $227.74.
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 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%. Analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders 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 annualized dividend and a dividend yield of 1.38%. T-Mobile US's dividend payout ratio is currently 36.40%.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on the company. Hsbc Global Res cut T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Morgan Stanley began coverage on T-Mobile US in a research report on Monday, December 16th. They issued an "overweight" rating and a $280.00 price objective for the company. Oppenheimer lifted their price target on T-Mobile US from $250.00 to $275.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. KeyCorp lowered T-Mobile US from an "overweight" rating to a "sector weight" rating and set a $252.00 price objective on the stock. in a research note on Thursday, December 12th. Finally, Sanford C. Bernstein initiated coverage on T-Mobile US in a research note on Tuesday, December 10th. They set a "market perform" rating and a $265.00 price objective on the stock. Nine analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, T-Mobile US has a consensus rating of "Moderate Buy" and a consensus target price of $254.10.
View Our Latest Report on TMUS
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.
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