Ilmarinen Mutual Pension Insurance Co Buys 8,500 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Ilmarinen Mutual Pension Insurance Co grew its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 7.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 120,847 shares of the Wireless communications provider's stock after acquiring an additional 8,500 shares during the period. Ilmarinen Mutual Pension Insurance Co's holdings in T-Mobile US were worth $26,675,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in TMUS. Dunhill Financial LLC grew its holdings in T-Mobile US by 76.7% in the third quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider's stock worth $27,000 after purchasing an additional 56 shares during the period. Rakuten Securities Inc. grew its stake in shares of T-Mobile US by 93.9% in the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider's stock worth $28,000 after buying an additional 62 shares during the last quarter. CoreFirst Bank & Trust bought a new position in T-Mobile US during the 4th quarter valued at approximately $28,000. Financial Life Planners purchased a new stake in shares of T-Mobile US in the fourth quarter worth $29,000. Finally, Legacy Investment Solutions LLC purchased a new stake in T-Mobile US during the 3rd quarter valued at about $34,000. Institutional investors own 42.49% of the company's stock.

T-Mobile US Price Performance

TMUS traded up $3.40 during trading on Thursday, hitting $258.30. 2,846,801 shares of the company traded hands, compared to its average volume of 4,234,456. The company has a market cap of $294.91 billion, a PE ratio of 26.71, a P/E/G ratio of 1.55 and a beta of 0.63. T-Mobile US, Inc. has a 1 year low of $159.14 and a 1 year high of $276.49. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. The stock's 50-day simple moving average is $259.49 and its two-hundred day simple moving average is $236.51.

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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 (EPS) 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%. As a group, sell-side analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be given a dividend of $0.88 per share. The ex-dividend date is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.36%. T-Mobile US's dividend payout ratio is currently 36.40%.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of the stock in a transaction on 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 owns 3,291 shares in the company, valued at $865,533. This trade represents a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.67% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

TMUS has been the topic of several analyst reports. Citigroup downgraded shares of T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 target price on the stock. in a research note on Friday, March 14th. Benchmark reiterated a "buy" rating and set a $275.00 target price on shares of T-Mobile US in a research note on Thursday, March 27th. Hsbc Global Res cut T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Wells Fargo & Company reaffirmed an "equal weight" rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Finally, HSBC downgraded T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 price target for the company. in a research note on Wednesday, March 5th. Eleven analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price 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.