T-Mobile US, Inc. (NASDAQ:TMUS) Shares Purchased by Penobscot Investment Management Company Inc.

Penobscot Investment Management Company Inc. boosted its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 44.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,041 shares of the Wireless communications provider's stock after purchasing an additional 3,700 shares during the period. Penobscot Investment Management Company Inc.'s holdings in T-Mobile US were worth $2,658,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. lifted its position in shares of T-Mobile US by 2.5% during the third quarter. Principal Financial Group Inc. now owns 1,978,567 shares of the Wireless communications provider's stock worth $408,297,000 after purchasing an additional 47,350 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in T-Mobile US by 139.5% in the 3rd quarter. Fisher Asset Management LLC now owns 4,029 shares of the Wireless communications provider's stock worth $831,000 after buying an additional 2,347 shares in the last quarter. Brown Brothers Harriman & Co. boosted its position in T-Mobile US by 64.1% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 6,315 shares of the Wireless communications provider's stock valued at $1,303,000 after buying an additional 2,467 shares during the last quarter. Bank of Montreal Can grew its stake in shares of T-Mobile US by 5.6% during the third quarter. Bank of Montreal Can now owns 1,069,371 shares of the Wireless communications provider's stock valued at $219,414,000 after acquiring an additional 56,493 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of T-Mobile US by 1.0% during the third quarter. The Manufacturers Life Insurance Company now owns 730,061 shares of the Wireless communications provider's stock worth $150,655,000 after acquiring an additional 6,885 shares during the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

T-Mobile US Stock Performance

Shares of TMUS stock traded down $3.35 during trading hours on Friday, reaching $264.93. The stock had a trading volume of 3,322,070 shares, compared to its average volume of 4,168,610. The firm has a market capitalization of $302.48 billion, a PE ratio of 27.40, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64. The firm has a 50-day simple moving average of $252.92 and a 200-day simple moving average of $232.89. T-Mobile US, Inc. has a twelve month low of $159.14 and a twelve month high of $276.49. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share 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 analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share 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. Investors of record on Friday, May 30th will be paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US's dividend payout ratio is currently 36.40%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on TMUS shares. Evercore ISI upgraded T-Mobile US to a "strong-buy" rating in a research note on Thursday, January 23rd. Oppenheimer raised their price target on shares of T-Mobile US from $250.00 to $275.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. Scotiabank upped their price target on shares of T-Mobile US from $247.00 to $275.00 and gave the company a "sector perform" rating in a report on Monday, March 3rd. Tigress Financial reissued a "buy" rating on shares of T-Mobile US in a report on Wednesday, February 26th. Finally, HSBC lowered shares of T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 target price on the stock. 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 issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $256.80.

Insider Buying and Selling

In related news, Director Srikant M. Datar sold 730 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total transaction of $191,990.00. Following the sale, the director now owns 3,291 shares of the company's stock, valued at $865,533. The trade was a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.67% of the company's stock.

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.