Park Avenue Securities LLC Purchases 5,881 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Park Avenue Securities LLC lifted its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 22.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,729 shares of the Wireless communications provider's stock after purchasing an additional 5,881 shares during the period. Park Avenue Securities LLC's holdings in T-Mobile US were worth $7,004,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of TMUS. 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. FMR LLC boosted its stake in shares of T-Mobile US by 13.4% during the 3rd quarter. FMR LLC now owns 12,893,770 shares of the Wireless communications provider's stock valued at $2,660,758,000 after purchasing an additional 1,522,394 shares in the last quarter. Franklin Resources Inc. increased its position in shares of T-Mobile US by 9.9% during the third quarter. Franklin Resources Inc. now owns 6,553,703 shares of the Wireless communications provider's stock valued at $1,448,426,000 after buying an additional 590,711 shares during the period. Legal & General Group Plc raised its stake in T-Mobile US by 6.8% in the second quarter. Legal & General Group Plc now owns 4,751,007 shares of the Wireless communications provider's stock worth $837,032,000 after buying an additional 303,582 shares in the last quarter. Finally, Barclays PLC lifted 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 buying an additional 876,182 shares during the period. 42.49% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on TMUS shares. Benchmark increased their target price on T-Mobile US from $250.00 to $255.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. raised their price objective on T-Mobile US from $230.00 to $250.00 and gave the company an "overweight" rating in a research report on Thursday, October 24th. Citigroup upped their target price on shares of T-Mobile US from $210.00 to $254.00 and gave the stock a "buy" rating in a research report on Monday, October 21st. BNP Paribas raised shares of T-Mobile US to a "strong-buy" rating in a research report on Friday, October 25th. Finally, KeyCorp cut shares of T-Mobile US from an "overweight" rating to a "sector weight" rating and set a $252.00 price objective on the stock. in a report on Thursday, December 12th. Seven research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $245.74.

T-Mobile US Stock Performance

Shares of TMUS traded up $1.55 during mid-day trading on Thursday, hitting $215.75. 2,411,239 shares of the company traded hands, compared to its average volume of 3,642,284. The stock has a market cap of $250.38 billion, a price-to-earnings ratio of 24.60, a P/E/G ratio of 1.05 and a beta of 0.56. The stock has a 50-day moving average price of $229.57 and a two-hundred day moving average price of $209.94. T-Mobile US, Inc. has a 1 year low of $158.84 and a 1 year high of $248.15. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.08.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, beating analysts' consensus estimates of $2.32 by $0.29. The business had revenue of $20.16 billion during the quarter, compared to analyst estimates of $20.01 billion. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The company's quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.82 EPS. Equities analysts anticipate that T-Mobile US, Inc. will post 9.31 earnings per share for the current year.

T-Mobile US Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Friday, February 28th will be given a $0.88 dividend. The ex-dividend date is Friday, February 28th. This represents a $3.52 annualized dividend and a yield of 1.63%. T-Mobile US's payout ratio is 40.14%.

Insiders Place Their Bets

In other news, Director Raul Marcelo Claure sold 110,000 shares of T-Mobile US stock in a transaction on Monday, November 4th. The shares were sold at an average price of $224.30, for a total transaction of $24,673,000.00. Following the transaction, the director now owns 1,441,204 shares in the company, valued at $323,262,057.20. This trade represents a 7.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Peter Osvaldik sold 20,000 shares of the business's stock in a transaction on Friday, October 25th. The shares were sold at an average price of $233.55, for a total transaction of $4,671,000.00. Following the sale, the chief financial officer now directly owns 61,307 shares of the company's stock, valued at approximately $14,318,249.85. The trade was a 24.60 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 164,200 shares of company stock valued at $37,407,303. 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.