T-Mobile US, Inc. (NASDAQ:TMUS) Shares Acquired by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd grew its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 42.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 172,463 shares of the Wireless communications provider's stock after purchasing an additional 51,525 shares during the period. UniSuper Management Pty Ltd's holdings in T-Mobile US were worth $38,068,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in TMUS. Barclays PLC increased its stake in shares of T-Mobile US by 38.3% in the 3rd quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider's stock valued at $653,160,000 after purchasing an additional 876,182 shares in the last quarter. Gladstone Institutional Advisory LLC purchased a new stake in shares of T-Mobile US in the fourth quarter valued at approximately $1,552,000. Trust Co. of Vermont raised its stake in shares of T-Mobile US by 11.9% during the 4th quarter. Trust Co. of Vermont now owns 26,972 shares of the Wireless communications provider's stock worth $5,954,000 after buying an additional 2,865 shares during the period. Rice Partnership LLC purchased a new position in shares of T-Mobile US during the 4th quarter valued at approximately $7,678,000. Finally, Exchange Traded Concepts LLC grew its stake in T-Mobile US by 737.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 56,521 shares of the Wireless communications provider's stock valued at $12,476,000 after acquiring an additional 49,775 shares during the period. Institutional investors and hedge funds own 42.49% of the company's stock.

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T-Mobile US Trading Down 1.2 %

TMUS stock traded down $3.35 during mid-day trading on Friday, hitting $264.93. 3,322,070 shares of the company were exchanged, compared to its average volume of 4,168,610. T-Mobile US, Inc. has a 12-month low of $159.14 and a 12-month high of $276.49. The firm has a market capitalization of $302.48 billion, a P/E ratio of 27.40, a PEG ratio of 1.55 and a beta of 0.64. The business has a fifty day simple moving average of $252.92 and a 200-day simple moving average of $232.89. 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 (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, topping analysts' consensus estimates of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. On average, equities research analysts predict 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. Investors of record on Friday, May 30th will be paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US's payout ratio is 36.40%.

Insider Activity at T-Mobile US

In other news, Director Srikant M. Datar sold 730 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total value of $191,990.00. Following the completion of the transaction, the director now owns 3,291 shares of the company's stock, valued at approximately $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 SEC, which can be accessed through the SEC website. 0.67% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their target price on shares of T-Mobile US from $265.00 to $270.00 and gave the company an "overweight" rating in a research report on Tuesday, March 18th. Morgan Stanley assumed 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. Citigroup lowered T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 price target on the stock. in a research note on Friday, March 14th. Tigress Financial reissued a "buy" rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Finally, Sanford C. Bernstein started coverage on shares of T-Mobile US in a research note on Tuesday, December 10th. They set a "market perform" rating and a $265.00 target price on the stock. Eleven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently 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.