Global Retirement Partners LLC purchased a new stake in T-Mobile US, Inc. (NASDAQ:TMUS – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 15,583 shares of the Wireless communications provider’s stock, valued at approximately $2,614,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Norges Bank bought a new position in shares of T-Mobile US in the fourth quarter valued at $1,335,918,000. Price T Rowe Associates Inc. MD increased its position in shares of T-Mobile US by 30.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,795,065 shares of the Wireless communications provider’s stock worth $5,643,511,000 after acquiring an additional 6,516,968 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in shares of T-Mobile US during the second quarter worth about $839,194,000. Dodge & Cox increased its position in shares of T-Mobile US by 65.2% during the fourth quarter. Dodge & Cox now owns 6,185,972 shares of the Wireless communications provider’s stock worth $1,256,000,000 after acquiring an additional 2,442,450 shares in the last quarter. Finally, Pacer Advisors Inc. raised its holdings in shares of T-Mobile US by 1,375.9% in the 1st quarter. Pacer Advisors Inc. now owns 1,755,286 shares of the Wireless communications provider’s stock worth $368,663,000 after acquiring an additional 1,636,359 shares during the last quarter. Institutional investors own 42.49% of the company’s stock.
T-Mobile US Price Performance
TMUS stock opened at $182.61 on Monday. The stock has a market cap of $195.88 billion, a P/E ratio of 19.12, a P/E/G ratio of 1.03 and a beta of 0.33. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 1.48. The stock’s fifty day simple moving average is $181.60 and its two-hundred day simple moving average is $194.27. T-Mobile US, Inc. has a 1-year low of $165.66 and a 1-year high of $261.56.
T-Mobile US Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 28th will be given a dividend of $1.02 per share. The ex-dividend date is Friday, August 28th. This represents a $4.08 annualized dividend and a yield of 2.2%. T-Mobile US’s dividend payout ratio is presently 42.72%.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on the company. Royal Bank Of Canada cut their price target on T-Mobile US from $240.00 to $230.00 and set an “outperform” rating for the company in a research note on Monday, July 20th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of T-Mobile US in a research report on Tuesday, May 19th. Benchmark lowered their price target on T-Mobile US from $295.00 to $280.00 and set a “buy” rating for the company in a research report on Friday, July 24th. Wells Fargo & Company dropped their price objective on T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating on the stock in a research note on Friday, July 24th. Finally, UBS Group reduced their target price on shares of T-Mobile US from $255.00 to $235.00 and set a “buy” rating for the company in a research note on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $252.08.
Get Our Latest Research Report on T-Mobile US
Insiders Place Their Bets
In related news, COO Jon Freier sold 4,799 shares of the firm’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 sale, the chief operating officer owned 217,168 shares in the company, valued at approximately $41,261,920. This trade represents a 2.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.32% of the company’s stock.
T-Mobile US Profile
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.
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