NEOS Investment Management LLC boosted its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 18.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 107,525 shares of the Wireless communications provider's stock after purchasing an additional 16,686 shares during the period. T-Mobile US comprises approximately 0.6% of NEOS Investment Management LLC's investment portfolio, making the stock its 29th biggest position. NEOS Investment Management LLC's holdings in T-Mobile US were worth $23,734,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP increased its position in T-Mobile US by 4.0% during 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 purchasing an additional 602,786 shares during the period. Franklin Resources Inc. grew its holdings in T-Mobile US by 9.9% during the 3rd quarter. Franklin Resources Inc. now owns 6,553,703 shares of the Wireless communications provider's stock worth $1,448,426,000 after acquiring an additional 590,711 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of T-Mobile US by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,230,038 shares of the Wireless communications provider's stock worth $712,966,000 after acquiring an additional 85,012 shares in the last quarter. Barclays PLC increased its holdings in T-Mobile US by 38.3% in the third quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider's stock worth $653,160,000 after purchasing an additional 876,182 shares in the last quarter. Finally, Amundi boosted its holdings in shares of T-Mobile US by 19.1% during the 4th quarter. Amundi now owns 2,363,594 shares of the Wireless communications provider's stock worth $509,402,000 after buying an additional 378,686 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company's stock.
T-Mobile US Stock Performance
T-Mobile US stock traded down $3.35 during mid-day trading on Friday, reaching $264.93. 3,322,070 shares of the company's stock were exchanged, compared to its average volume of 4,168,610. The firm has a market capitalization of $302.48 billion, a PE ratio of 27.40, a P/E/G ratio of 1.55 and a beta of 0.64. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. The business's fifty day simple moving average is $252.92 and its 200 day simple moving average is $232.89. T-Mobile US, Inc. has a one year low of $159.14 and a one year high of $276.49.
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 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 business also recently announced 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. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Friday, May 30th. T-Mobile US's dividend payout ratio is currently 36.40%.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on TMUS shares. Royal Bank of Canada lifted 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 research note on Friday, March 21st. Morgan Stanley started coverage on T-Mobile US in a research note on Monday, December 16th. They issued an "overweight" rating and a $280.00 target price for the company. 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. UBS Group downgraded T-Mobile US from a "strong-buy" rating to a "hold" rating in a report on Friday, March 21st. Finally, Benchmark reiterated a "buy" rating and issued a $275.00 target price on shares of T-Mobile US in a report on Thursday. Eleven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $256.80.
Read Our Latest Stock Analysis on T-Mobile US
Insider Transactions at T-Mobile US
In other 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 completion of the transaction, the director now owns 3,291 shares in the company, valued at approximately $865,533. This represents a 18.15 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.67% of the stock is currently owned by company insiders.
T-Mobile US Profile
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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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