Treasurer of the State of North Carolina Boosts Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Treasurer of the State of North Carolina lifted its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 0.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 225,486 shares of the Wireless communications provider's stock after purchasing an additional 1,460 shares during the quarter. Treasurer of the State of North Carolina's holdings in T-Mobile US were worth $49,772,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Rakuten Securities Inc. grew its position in T-Mobile US by 93.9% during the fourth quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider's stock worth $28,000 after buying an additional 62 shares in the last quarter. CoreFirst Bank & Trust bought a new position in shares of T-Mobile US in the fourth quarter worth approximately $28,000. Financial Life Planners purchased a new stake in T-Mobile US in the fourth quarter valued at approximately $29,000. Bruce G. Allen Investments LLC lifted its position in T-Mobile US by 79.3% during the fourth quarter. Bruce G. Allen Investments LLC now owns 165 shares of the Wireless communications provider's stock valued at $36,000 after purchasing an additional 73 shares during the last quarter. Finally, Albion Financial Group UT bought a new position in T-Mobile US during the fourth quarter valued at approximately $39,000. Hedge funds and other institutional investors own 42.49% of the company's stock.

T-Mobile US Stock Up 1.8 %

NASDAQ:TMUS traded up $4.80 during trading hours on Tuesday, reaching $267.44. 1,413,535 shares of the company traded hands, compared to its average volume of 4,229,206. 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 business's 50-day moving average price is $260.69 and its two-hundred day moving average price is $237.92. The stock has a market capitalization of $305.35 billion, a P/E ratio of 27.66, a P/E/G ratio of 1.55 and a beta of 0.63.

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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 net margin of 13.93% and a return on equity of 18.09%. Analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Announces Dividend

The firm also recently declared 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 1.32%. The ex-dividend date is Friday, May 30th. T-Mobile US's dividend payout ratio is currently 36.40%.

Insider Activity

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of the company's 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 transaction, the director now owns 3,291 shares in the company, valued at approximately $865,533. This represents a 18.15 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.67% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Benchmark reaffirmed a "buy" rating and issued a $275.00 price objective on shares of T-Mobile US in a research note on Thursday, March 27th. Citigroup downgraded T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 price objective on the stock. in a report on Friday, March 14th. JPMorgan Chase & Co. increased their target price on T-Mobile US from $265.00 to $270.00 and gave the company an "overweight" rating in a report on Tuesday, March 18th. HSBC cut T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 price target on the stock. in a research note on Wednesday, March 5th. Finally, Morgan Stanley started coverage on T-Mobile US in a research note on Monday, December 16th. They set an "overweight" rating and a $280.00 price objective for the company. Eleven research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, T-Mobile US currently has a consensus rating of "Moderate Buy" and a consensus 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.