World Investment Advisors LLC bought a new stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,472 shares of the Wireless communications provider's stock, valued at approximately $510,000.
Several other institutional investors also recently bought and sold shares of TMUS. Barclays PLC lifted its stake in shares of T-Mobile US by 38.3% during the third quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider's stock worth $653,160,000 after buying an additional 876,182 shares during the period. International Assets Investment Management LLC lifted its position in T-Mobile US by 21,580.9% during the third quarter. International Assets Investment Management LLC now owns 249,981 shares of the Wireless communications provider's stock valued at $51,586,000 after purchasing an additional 248,828 shares during the period. Swedbank AB lifted its position in T-Mobile US by 5.1% during the third quarter. Swedbank AB now owns 255,044 shares of the Wireless communications provider's stock valued at $52,631,000 after purchasing an additional 12,411 shares during the period. Raymond James Trust N.A. lifted its position in T-Mobile US by 55.2% during the third quarter. Raymond James Trust N.A. now owns 35,752 shares of the Wireless communications provider's stock valued at $7,378,000 after purchasing an additional 12,712 shares during the period. Finally, Passumpsic Savings Bank acquired a new position in T-Mobile US during the third quarter valued at $2,634,000. 42.49% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on TMUS shares. Tigress Financial boosted their target price on shares of T-Mobile US from $235.00 to $280.00 and gave the company a "buy" rating in a research report on Monday, December 2nd. Bank of America boosted their target price on shares of T-Mobile US from $220.00 to $240.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. UBS Group lifted their price objective on shares of T-Mobile US from $210.00 to $255.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Benchmark lifted their price objective on shares of T-Mobile US from $250.00 to $255.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of T-Mobile US from $230.00 to $250.00 and gave the company an "overweight" rating in a report on Thursday, October 24th. Five investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $247.58.
Check Out Our Latest Report on T-Mobile US
Insider Buying and Selling at T-Mobile US
In other T-Mobile US news, insider Michael J. Katz sold 3,000 shares of the business's stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $205.30, for a total transaction of $615,900.00. Following the sale, the insider now directly owns 119,687 shares in the company, valued at $24,571,741.10. This represents a 2.45 % 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. Also, Director Letitia A. Long sold 1,100 shares of the firm's stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $231.08, for a total transaction of $254,188.00. Following the completion of the transaction, the director now directly owns 5,653 shares of the company's stock, valued at approximately $1,306,295.24. The trade was a 16.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 209,969 shares of company stock valued at $47,272,427 over the last quarter. 0.67% of the stock is owned by company insiders.
T-Mobile US Price Performance
TMUS traded down $0.02 on Wednesday, reaching $220.69. 5,194,341 shares of the company's stock were exchanged, compared to its average volume of 4,371,271. The stock's fifty day moving average price is $231.36 and its 200-day moving average price is $204.23. T-Mobile US, Inc. has a twelve month low of $153.84 and a twelve month high of $248.15. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99. The stock has a market cap of $256.11 billion, a PE ratio of 25.16, a P/E/G ratio of 1.20 and a beta of 0.53.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, beating the consensus estimate of $2.32 by $0.29. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The business had revenue of $20.16 billion for the quarter, compared to analyst estimates of $20.01 billion. During the same quarter in the prior year, the company posted $1.82 EPS. The company's quarterly revenue was up 4.7% on a year-over-year basis. Sell-side analysts expect that T-Mobile US, Inc. will post 9.38 EPS for the current year.
T-Mobile US Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Friday, February 28th will be issued a $0.88 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $3.52 annualized dividend and a yield of 1.59%. T-Mobile US's dividend payout ratio (DPR) is presently 40.14%.
T-Mobile US Profile
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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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