Scotia Capital Inc. Has $7.69 Million Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Scotia Capital Inc. boosted its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 15.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,811 shares of the Wireless communications provider's stock after buying an additional 4,657 shares during the quarter. Scotia Capital Inc.'s holdings in T-Mobile US were worth $7,685,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of TMUS. Barclays PLC lifted its position in shares of 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 valued at $653,160,000 after buying an additional 876,182 shares during the last quarter. Gladstone Institutional Advisory LLC acquired a new stake in shares of T-Mobile US during the 4th quarter worth approximately $1,552,000. Trust Co. of Vermont increased its position in T-Mobile US by 11.9% in the 4th quarter. Trust Co. of Vermont now owns 26,972 shares of the Wireless communications provider's stock valued at $5,954,000 after buying an additional 2,865 shares in the last quarter. Rice Partnership LLC acquired a new position in T-Mobile US during the fourth quarter worth $7,678,000. Finally, Exchange Traded Concepts LLC raised its holdings in shares of T-Mobile US by 737.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 56,521 shares of the Wireless communications provider's stock valued at $12,476,000 after purchasing an additional 49,775 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of T-Mobile US stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total value 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. The trade was a 18.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.67% of the stock is owned by company insiders.

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T-Mobile US Stock Performance

TMUS traded down $2.79 on Wednesday, hitting $263.92. 991,246 shares of the company traded hands, compared to its average volume of 4,222,220. The stock has a market capitalization of $301.33 billion, a PE ratio of 27.29, a PEG ratio of 1.55 and a beta of 0.63. T-Mobile US, Inc. has a 12-month low of $159.14 and a 12-month high of $276.49. The company has a 50 day moving average of $261.08 and a 200-day moving average of $238.12. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. Sell-side analysts anticipate that T-Mobile US, Inc. will post 10.37 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 Sunday, June 22nd. Shareholders of record on Friday, May 30th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a yield of 1.33%. T-Mobile US's dividend payout ratio (DPR) is currently 36.40%.

Wall Street Analyst Weigh In

TMUS has been the topic of several analyst reports. Hsbc Global Res cut T-Mobile US from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Bank of America raised their price target on T-Mobile US from $240.00 to $255.00 and gave the company a "buy" rating in a report on Thursday, January 30th. Scotiabank lifted their target price on T-Mobile US from $247.00 to $275.00 and gave the stock a "sector perform" rating in a report on Monday, March 3rd. Tigress Financial reaffirmed a "buy" rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Finally, Benchmark restated a "buy" rating and issued a $275.00 target price on shares of T-Mobile US in a research note on Thursday, March 27th. Eleven research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, T-Mobile US currently has an average rating of "Moderate Buy" and an average price target of $256.80.

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.