Aviva PLC Acquires 102,413 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Aviva PLC lifted its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 31.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 423,824 shares of the Wireless communications provider's stock after acquiring an additional 102,413 shares during the period. Aviva PLC's holdings in T-Mobile US were worth $93,551,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its position in T-Mobile US by 4.0% during the third 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. Geode Capital Management LLC boosted its stake in shares of T-Mobile US by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 11,857,917 shares of the Wireless communications provider's stock worth $2,610,542,000 after buying an additional 90,755 shares during the last quarter. Norges Bank bought a new stake in shares of T-Mobile US in the fourth quarter worth $1,802,393,000. Franklin Resources Inc. increased its position in 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 acquiring an additional 590,711 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in T-Mobile US by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,230,038 shares of the Wireless communications provider's stock worth $712,966,000 after purchasing an additional 85,012 shares during the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

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T-Mobile US Price Performance

T-Mobile US stock traded up $0.46 during midday trading on Thursday, reaching $255.36. 2,384,103 shares of the stock traded hands, compared to its average volume of 4,232,656. The stock has a market cap of $291.55 billion, a P/E ratio of 26.48, a PEG ratio of 1.55 and a beta of 0.63. The stock's fifty day moving average is $259.49 and its 200-day moving average is $236.51. 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, Inc. has a 12 month low of $159.14 and a 12 month high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its earnings results 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%. As a group, equities research analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be paid a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US's payout ratio is 36.40%.

Insider Transactions at T-Mobile US

In related news, Director Srikant M. Datar sold 730 shares of T-Mobile US stock in a transaction dated Wednesday, March 5th. The shares were 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 directly owns 3,291 shares of the company's stock, valued at approximately $865,533. The trade was a 18.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.67% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on TMUS shares. Tigress Financial reaffirmed a "buy" rating on shares of T-Mobile US in a research report on Wednesday, February 26th. UBS Group downgraded shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 21st. Barclays boosted their price objective on shares of T-Mobile US from $230.00 to $250.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Benchmark reaffirmed a "buy" rating and issued a $275.00 target price on shares of T-Mobile US in a report on Thursday, March 27th. Finally, JPMorgan Chase & Co. boosted their price target on T-Mobile US from $265.00 to $270.00 and gave the company an "overweight" rating in a report on Tuesday, March 18th. Eleven 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 company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $256.80.

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.