T-Mobile US, Inc. (NASDAQ:TMUS) Shares Purchased by MetLife Investment Management LLC

MetLife Investment Management LLC grew its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 1.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 128,855 shares of the Wireless communications provider's stock after purchasing an additional 1,536 shares during the period. MetLife Investment Management LLC's holdings in T-Mobile US were worth $28,442,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TMUS. Norges Bank bought a new stake in T-Mobile US during the 4th quarter valued at $1,802,393,000. Canada Pension Plan Investment Board grew its stake in T-Mobile US by 85.5% in the fourth quarter. Canada Pension Plan Investment Board now owns 6,025,096 shares of the Wireless communications provider's stock valued at $1,329,919,000 after purchasing an additional 2,777,657 shares during the last quarter. Raymond James Financial Inc. bought a new position in T-Mobile US in the fourth quarter worth about $452,721,000. Capital International Investors lifted its position in shares of T-Mobile US by 36.2% during the fourth quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider's stock valued at $1,440,424,000 after buying an additional 1,734,998 shares during the last quarter. Finally, Barclays PLC boosted its holdings in shares of 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 buying an additional 876,182 shares in the last quarter. Institutional investors own 42.49% of the company's stock.

Insider Buying and Selling at T-Mobile US

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 transaction of $191,990.00. Following the sale, the director now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.67% of the stock is owned by insiders.

T-Mobile US Stock Performance

Shares of TMUS stock traded down $29.77 during trading hours on Friday, reaching $232.41. 8,814,904 shares of the company's stock were exchanged, compared to its average volume of 4,254,957. The company's 50 day moving average is $260.96 and its two-hundred day moving average is $240.42. T-Mobile US, Inc. has a 1 year low of $160.62 and a 1 year high of $276.49. The company has a market cap of $264.17 billion, a P/E ratio of 24.04, a price-to-earnings-growth ratio of 1.55 and a beta of 0.63. 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 quarterly earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share for the quarter, beating analysts' consensus estimates of $2.48 by $0.10. The business had revenue of $20.89 billion during the quarter, compared to analysts' expectations of $20.67 billion. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. Equities research analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

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 paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date is Friday, May 30th. T-Mobile US's payout ratio is currently 36.40%.

Analysts Set New Price Targets

TMUS has been the subject of several recent analyst reports. HSBC downgraded shares of T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 target price for the company. in a research note on Wednesday, March 5th. Royal Bank of Canada upped their price objective on shares of T-Mobile US from $245.00 to $260.00 and gave the company a "sector perform" rating in a report on Friday, March 21st. Evercore ISI raised shares of T-Mobile US to a "strong-buy" rating in a report on Thursday, January 23rd. Benchmark reissued a "buy" rating and issued a $275.00 price target on shares of T-Mobile US in a report on Thursday, March 27th. Finally, JPMorgan Chase & Co. upped their price target on T-Mobile US from $265.00 to $270.00 and gave the company an "overweight" rating in a research report on Tuesday, March 18th. Eleven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, T-Mobile US presently has an average rating of "Moderate Buy" and a consensus target price of $256.80.

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.