Orion Portfolio Solutions LLC Raises Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Orion Portfolio Solutions LLC grew its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 8.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 21,564 shares of the Wireless communications provider's stock after purchasing an additional 1,647 shares during the quarter. Orion Portfolio Solutions LLC's holdings in T-Mobile US were worth $4,760,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. raised its position in T-Mobile US by 2.5% in the 3rd quarter. Principal Financial Group Inc. now owns 1,978,567 shares of the Wireless communications provider's stock valued at $408,297,000 after purchasing an additional 47,350 shares in the last quarter. Glenmede Trust Co. NA raised its holdings in T-Mobile US by 7.0% in the third quarter. Glenmede Trust Co. NA now owns 15,561 shares of the Wireless communications provider's stock valued at $3,211,000 after acquiring an additional 1,012 shares in the last quarter. CreativeOne Wealth LLC lifted its stake in T-Mobile US by 90.2% in the third quarter. CreativeOne Wealth LLC now owns 2,555 shares of the Wireless communications provider's stock worth $527,000 after acquiring an additional 1,212 shares during the last quarter. Financial Counselors Inc. acquired a new position in T-Mobile US during the 3rd quarter worth approximately $236,000. Finally, Cobblestone Capital Advisors LLC NY purchased a new stake in shares of T-Mobile US in the 3rd quarter valued at approximately $235,000. Institutional investors and hedge funds own 42.49% of the company's stock.

T-Mobile US Trading Down 3.0 %

T-Mobile US stock traded down $7.97 during trading on Friday, hitting $259.92. The company's stock had a trading volume of 1,946,040 shares, compared to its average volume of 4,164,163. The stock's fifty day moving average is $256.82 and its 200 day moving average is $234.49. T-Mobile US, Inc. has a 1-year low of $159.14 and a 1-year high of $276.49. The stock has a market capitalization of $296.76 billion, a price-to-earnings ratio of 26.95, a P/E/G ratio of 1.55 and a beta of 0.63. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91.

Remove Ads

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. As a group, equities research analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be issued 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 1.35%. T-Mobile US's payout ratio is 36.40%.

Analyst Upgrades and Downgrades

TMUS has been the subject of several recent analyst reports. KeyCorp downgraded shares of T-Mobile US from an "overweight" rating to a "sector weight" rating and set a $252.00 target price for the company. in a research note on Thursday, December 12th. Citigroup cut T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 target price for the company. in a research note on Friday, March 14th. Hsbc Global Res cut T-Mobile US from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Oppenheimer raised 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. Finally, Barclays raised their target price on shares of T-Mobile US from $230.00 to $250.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Eleven 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 company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $256.80.

Insider Buying and Selling

In other news, Director Srikant M. Datar sold 730 shares of the firm's stock in a transaction dated Wednesday, March 5th. The stock was 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 in the company, valued at $865,533. This trade represents a 18.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.67% of the company's stock.

T-Mobile US 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.