MidFirst Bank Makes New $879,000 Investment in T-Mobile US, Inc. $TMUS

MidFirst Bank bought a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUSFree Report) in the fourth quarter, Holdings Channel reports. The fund bought 4,331 shares of the Wireless communications provider’s stock, valued at approximately $879,000.

A number of other hedge funds have also added to or reduced their stakes in TMUS. Quilter Plc grew its position in T-Mobile US by 7.8% in the fourth quarter. Quilter Plc now owns 465,838 shares of the Wireless communications provider’s stock worth $94,584,000 after acquiring an additional 33,813 shares in the last quarter. CI Investments Inc. increased its position in shares of T-Mobile US by 37.8% during the 3rd quarter. CI Investments Inc. now owns 77,630 shares of the Wireless communications provider’s stock valued at $18,583,000 after purchasing an additional 21,307 shares during the last quarter. Swiss National Bank raised its holdings in shares of T-Mobile US by 4.6% during the 3rd quarter. Swiss National Bank now owns 1,472,902 shares of the Wireless communications provider’s stock valued at $352,583,000 after buying an additional 65,400 shares in the last quarter. Xponance Inc. lifted its position in T-Mobile US by 17.7% in the 3rd quarter. Xponance Inc. now owns 80,749 shares of the Wireless communications provider’s stock worth $19,330,000 after buying an additional 12,143 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its position in T-Mobile US by 16.7% in the 4th quarter. Thrivent Financial for Lutherans now owns 98,469 shares of the Wireless communications provider’s stock worth $20,010,000 after buying an additional 14,110 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Price Performance

Shares of T-Mobile US stock opened at $181.67 on Friday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.97 and a current ratio of 1.09. T-Mobile US, Inc. has a 52-week low of $174.02 and a 52-week high of $261.56. The stock has a market capitalization of $196.60 billion, a price-to-earnings ratio of 19.33, a P/E/G ratio of 1.06 and a beta of 0.31. The company’s 50 day moving average price is $189.37 and its 200-day moving average price is $198.86.

T-Mobile US (NASDAQ:TMUSGet Free Report) last issued its earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 EPS for the quarter, topping the consensus estimate of $2.01 by $0.26. T-Mobile US had a net margin of 11.65% and a return on equity of 19.47%. The company had revenue of $23.11 billion for the quarter, compared to the consensus estimate of $22.98 billion. During the same period in the previous year, the firm earned $2.58 earnings per share. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. Equities research analysts forecast that T-Mobile US, Inc. will post 10.65 EPS for the current year.

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 28th will be given a $1.02 dividend. The ex-dividend date is Friday, August 28th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.2%. T-Mobile US’s payout ratio is presently 43.40%.

Insider Buying and Selling at T-Mobile US

In other news, COO Jon Freier sold 4,799 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $190.00, for a total transaction of $911,810.00. Following the completion of the transaction, the chief operating officer directly owned 217,168 shares of the company’s stock, valued at approximately $41,261,920. This represents a 2.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Andre Almeida bought 5,097 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were purchased at an average price of $196.18 per share, with a total value of $999,929.46. Following the completion of the acquisition, the insider owned 44,850 shares of the company’s stock, valued at $8,798,673. This trade represents a 12.82% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 0.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. The Goldman Sachs Group reiterated a “buy” rating on shares of T-Mobile US in a research report on Wednesday, April 29th. Barclays reaffirmed a “buy” rating on shares of T-Mobile US in a research note on Friday, April 24th. Oppenheimer raised shares of T-Mobile US from a “market perform” rating to an “outperform” rating and set a $260.00 target price on the stock in a report on Wednesday, April 29th. Arete Research lifted their target price on shares of T-Mobile US from $295.00 to $300.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Finally, Citigroup upped their price target on shares of T-Mobile US from $220.00 to $225.00 and gave the company a “neutral” rating in a research report on Tuesday, March 17th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $260.48.

Get Our Latest Report on TMUS

T-Mobile US Company Profile

(Free Report)

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.

Recommended Stories

Want to see what other hedge funds are holding TMUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for T-Mobile US, Inc. (NASDAQ:TMUSFree Report).

Institutional Ownership by Quarter for T-Mobile US (NASDAQ:TMUS)

Receive News & Ratings for T-Mobile US Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for T-Mobile US and related companies with MarketBeat.com's FREE daily email newsletter.