Tallon Kerry Patrick acquired a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 9,738 shares of the Wireless communications provider's stock, valued at approximately $2,138,000. T-Mobile US makes up about 2.1% of Tallon Kerry Patrick's investment portfolio, making the stock its 14th biggest position.
Several other institutional investors also recently modified their holdings of TMUS. Moors & Cabot Inc. raised its holdings in shares of T-Mobile US by 108.1% during the 2nd quarter. Moors & Cabot Inc. now owns 3,637 shares of the Wireless communications provider's stock valued at $641,000 after buying an additional 1,889 shares in the last quarter. Axxcess Wealth Management LLC lifted its holdings in shares of T-Mobile US by 66.9% in the 2nd quarter. Axxcess Wealth Management LLC now owns 9,213 shares of the Wireless communications provider's stock worth $1,623,000 after acquiring an additional 3,693 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in shares of T-Mobile US by 1.7% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 46,731 shares of the Wireless communications provider's stock worth $8,233,000 after acquiring an additional 761 shares during the last quarter. Argent Trust Co grew its holdings in shares of T-Mobile US by 2.4% during the 2nd quarter. Argent Trust Co now owns 5,535 shares of the Wireless communications provider's stock valued at $975,000 after purchasing an additional 129 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. increased its holdings in shares of T-Mobile US by 7.7% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 14,725 shares of the Wireless communications provider's stock worth $2,594,000 after buying an additional 1,054 shares during the period. 42.49% of the stock is currently owned by institutional investors.
T-Mobile US Stock Up 1.5 %
T-Mobile US stock traded up $3.22 during trading hours on Friday, hitting $218.97. The stock had a trading volume of 4,224,613 shares, compared to its average volume of 3,695,229. The stock's 50-day moving average price is $229.26 and its 200-day moving average price is $209.98. The stock has a market capitalization of $254.11 billion, a P/E ratio of 24.97, a price-to-earnings-growth ratio of 1.05 and a beta of 0.56. T-Mobile US, Inc. has a 12-month low of $158.84 and a 12-month high of $248.15. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, topping analysts' consensus estimates of $2.32 by $0.29. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The company had revenue of $20.16 billion during the quarter, compared to analyst estimates of $20.01 billion. During the same period in the previous year, the business earned $1.82 EPS. The firm's revenue for the quarter was up 4.7% on a year-over-year basis. Equities research analysts anticipate that T-Mobile US, Inc. will post 9.31 EPS for the current fiscal year.
T-Mobile US Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend is Friday, February 28th. T-Mobile US's payout ratio is presently 40.14%.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on the stock. Bank of America raised their target price on shares of T-Mobile US from $220.00 to $240.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Royal Bank of Canada lowered shares of T-Mobile US from an "outperform" rating to a "sector perform" rating and dropped their target price for the stock from $255.00 to $240.00 in a report on Monday, January 6th. JPMorgan Chase & Co. raised their price target on T-Mobile US from $230.00 to $250.00 and gave the stock an "overweight" rating in a research note on Thursday, October 24th. UBS Group boosted their price objective on shares of T-Mobile US from $210.00 to $255.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Finally, Barclays raised their target price on shares of T-Mobile US from $215.00 to $230.00 and gave the stock an "overweight" rating in a research report on Thursday, October 24th. Seven investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $245.74.
Get Our Latest Analysis on T-Mobile US
Insider Transactions at T-Mobile US
In related news, Director Letitia A. Long sold 1,100 shares of T-Mobile US 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 completion of the sale, the director now owns 5,653 shares of the company's stock, valued at $1,306,295.24. The trade was a 16.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Andre Almeida bought 3,808 shares of the stock in a transaction on Monday, December 9th. The stock was purchased at an average cost of $235.72 per share, for a total transaction of $897,621.76. Following the acquisition, the director now owns 3,808 shares of the company's stock, valued at $897,621.76. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders sold 164,200 shares of company stock worth $37,407,303 over the last three months. 0.67% of the stock is currently owned by company insiders.
About T-Mobile US
(
Free Report)
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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