Raymond James Financial Inc. Makes New Investment in T-Mobile US, Inc. (NASDAQ:TMUS)

Raymond James Financial Inc. acquired a new position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,051,017 shares of the Wireless communications provider's stock, valued at approximately $452,721,000. Raymond James Financial Inc. owned 0.18% of T-Mobile US at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of TMUS. FMR LLC lifted its position in shares of T-Mobile US by 13.4% in the 3rd quarter. FMR LLC now owns 12,893,770 shares of the Wireless communications provider's stock worth $2,660,758,000 after acquiring an additional 1,522,394 shares during the period. Barclays PLC lifted its position 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 worth $653,160,000 after acquiring an additional 876,182 shares during the period. Proficio Capital Partners LLC lifted its position in shares of T-Mobile US by 31,353.2% in the 4th quarter. Proficio Capital Partners LLC now owns 635,040 shares of the Wireless communications provider's stock worth $140,172,000 after acquiring an additional 633,021 shares during the period. Wellington Management Group LLP lifted its position in shares of T-Mobile US by 4.0% in the 3rd quarter. Wellington Management Group LLP now owns 15,524,529 shares of the Wireless communications provider's stock worth $3,203,642,000 after acquiring an additional 602,786 shares during the period. Finally, Franklin Resources Inc. lifted its position in shares of T-Mobile US by 9.9% in 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. Institutional investors own 42.49% of the company's stock.

Insider Buying and Selling at T-Mobile US

In other news, Director Letitia A. Long sold 1,100 shares of the firm's stock in a transaction on Friday, December 13th. The stock was sold at an average price of $231.08, for a total value of $254,188.00. Following the transaction, the director now directly owns 5,653 shares in the company, valued at $1,306,295.24. This trade represents a 16.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Andre Almeida purchased 3,808 shares of T-Mobile US stock in a transaction dated Monday, December 9th. The stock was bought at an average price of $235.72 per share, for a total transaction of $897,621.76. Following the completion of the transaction, the director now directly owns 3,808 shares in the company, valued at $897,621.76. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.67% of the company's stock.

T-Mobile US Trading Down 0.7 %

TMUS stock opened at $262.74 on Thursday. The stock has a market capitalization of $299.98 billion, a price-to-earnings ratio of 27.17, a P/E/G ratio of 1.55 and a beta of 0.56. 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 business has a fifty day moving average price of $238.17 and a 200 day moving average price of $225.48. T-Mobile US, Inc. has a fifty-two week low of $158.84 and a fifty-two week high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, beating analysts' consensus estimates 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 expect that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders of record on Friday, May 30th will be given a $0.88 dividend. The ex-dividend date is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a yield of 1.34%. T-Mobile US's payout ratio is 36.40%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Wells Fargo & Company reiterated an "equal weight" rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Sanford C. Bernstein started coverage on T-Mobile US in a report on Tuesday, December 10th. They issued a "market perform" rating and a $265.00 target price for the company. Morgan Stanley started coverage on T-Mobile US in a report on Monday, December 16th. They issued an "overweight" rating and a $280.00 target price for the company. Oppenheimer increased their target price on T-Mobile US from $250.00 to $275.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Finally, Royal Bank of Canada reissued a "sector perform" rating on shares of T-Mobile US in a report on Wednesday, February 26th. Eight research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $254.10.

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.

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