T-Mobile US, Inc. (NASDAQ:TMUS) Shares Bought by Westpac Banking Corp

Westpac Banking Corp raised its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 25.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,439 shares of the Wireless communications provider's stock after acquiring an additional 2,113 shares during the quarter. Westpac Banking Corp's holdings in T-Mobile US were worth $2,304,000 as of its most recent SEC filing.

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

T-Mobile US Stock Performance

NASDAQ TMUS traded up $8.60 during trading hours on Wednesday, hitting $254.90. 8,588,440 shares of the stock were exchanged, compared to its average volume of 4,239,402. T-Mobile US, Inc. has a 12-month low of $159.14 and a 12-month high of $276.49. The stock has a 50-day moving average of $259.49 and a 200 day moving average of $236.51. The company has a market cap of $291.03 billion, a price-to-earnings ratio of 26.36, a price-to-earnings-growth ratio of 1.55 and a beta of 0.63. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28.

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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 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%. As a group, equities research analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Dividend Announcement

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 given a $0.88 dividend. The ex-dividend date is Friday, May 30th. This represents a $3.52 annualized dividend and a dividend yield of 1.38%. T-Mobile US's dividend payout ratio is presently 36.40%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TMUS. Hsbc Global Res lowered T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Barclays increased their price objective on T-Mobile US from $230.00 to $250.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Evercore ISI raised T-Mobile US to a "strong-buy" rating in a research report on Thursday, January 23rd. Citigroup lowered T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 target price on the stock. in a report on Friday, March 14th. Finally, Morgan Stanley started coverage on T-Mobile US in a report on Monday, December 16th. They issued an "overweight" rating and a $280.00 price target for the company. Eleven 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. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $256.80.

Insider Buying and Selling

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 value of $191,990.00. Following the transaction, the director now directly 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.67% of the company's stock.

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.