Western Wealth Management LLC raised its stake in T-Mobile US, Inc. (NASDAQ:TMUS – Free Report) by 269.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,519 shares of the Wireless communications provider’s stock after buying an additional 3,296 shares during the quarter. Western Wealth Management LLC’s holdings in T-Mobile US were worth $949,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its position in T-Mobile US by 30.6% during the 4th 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 during the last quarter. State Street Corp grew its position in shares of T-Mobile US by 4.3% in the 4th quarter. State Street Corp now owns 25,281,709 shares of the Wireless communications provider’s stock valued at $5,133,198,000 after acquiring an additional 1,047,624 shares during the period. Capital International Investors increased its position in T-Mobile US by 8.2% during the fourth quarter. Capital International Investors now owns 14,847,697 shares of the Wireless communications provider’s stock worth $3,014,754,000 after buying an additional 1,121,409 shares during the last quarter. Invesco Ltd. increased its holdings in shares of T-Mobile US by 10.5% during the 4th quarter. Invesco Ltd. now owns 8,730,485 shares of the Wireless communications provider’s stock worth $1,772,638,000 after acquiring an additional 827,381 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of T-Mobile US in the fourth quarter valued at $1,335,918,000. 42.49% of the stock is owned by institutional investors and hedge funds.
T-Mobile US Stock Performance
TMUS opened at $183.38 on Friday. T-Mobile US, Inc. has a 1-year low of $165.66 and a 1-year high of $261.56. The company has a market cap of $196.71 billion, a price-to-earnings ratio of 19.20, a PEG ratio of 1.00 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 company’s fifty day moving average price is $181.51 and its two-hundred day moving average price is $194.31.
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. This represents a $4.08 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Friday, August 28th. T-Mobile US’s dividend payout ratio is presently 42.72%.
Insider Activity
In other news, COO Jon Freier sold 4,799 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $190.00, for a total value 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 $41,261,920. This represents a 2.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.32% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on TMUS shares. Weiss Ratings lowered T-Mobile US from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 15th. TD Cowen cut their price target on shares of T-Mobile US from $261.00 to $260.00 and set a “buy” rating for the company in a report on Friday, July 24th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of T-Mobile US in a research note on Wednesday, April 29th. Benchmark cut their target price on shares of T-Mobile US from $295.00 to $280.00 and set a “buy” rating on the stock in a research report on Friday, July 24th. Finally, Arete Research boosted their price target on T-Mobile US from $295.00 to $300.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $252.08.
Get Our Latest Stock Report on T-Mobile US
T-Mobile US Company 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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