Nisa Investment Advisors LLC grew its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS – Free Report) by 3.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 254,472 shares of the Wireless communications provider’s stock after purchasing an additional 7,629 shares during the period. Nisa Investment Advisors LLC’s holdings in T-Mobile US were worth $56,170,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of TMUS. Wellington Management Group LLP raised its position in shares of T-Mobile US by 4.0% during the 3rd quarter. Wellington Management Group LLP now owns 15,524,529 shares of the Wireless communications provider’s stock worth $3,203,642,000 after buying an additional 602,786 shares in the last quarter. FMR LLC increased its stake in shares of T-Mobile US by 13.4% during the third quarter. FMR LLC now owns 12,893,770 shares of the Wireless communications provider’s stock valued at $2,660,758,000 after acquiring an additional 1,522,394 shares during the period. Franklin Resources Inc. raised its holdings in T-Mobile US by 9.9% during the third quarter. Franklin Resources Inc. now owns 6,553,703 shares of the Wireless communications provider’s stock worth $1,448,426,000 after purchasing an additional 590,711 shares in the last quarter. Legal & General Group Plc lifted its position in T-Mobile US by 6.8% in the second quarter. Legal & General Group Plc now owns 4,751,007 shares of the Wireless communications provider’s stock worth $837,032,000 after purchasing an additional 303,582 shares during the period. Finally, Barclays PLC boosted its stake in T-Mobile US by 38.3% during the 3rd quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock valued at $653,160,000 after purchasing an additional 876,182 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In other T-Mobile US news, Director Raul Marcelo Claure sold 110,000 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $224.30, for a total value of $24,673,000.00. Following the completion of the sale, the director now owns 1,441,204 shares of the company’s stock, valued at $323,262,057.20. The trade was a 7.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO G Michael Sievert sold 20,000 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $237.73, for a total value of $4,754,600.00. Following the transaction, the chief executive officer now directly owns 378,124 shares in the company, valued at approximately $89,891,418.52. This represents a 5.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 164,200 shares of company stock valued at $37,407,303 in the last three months. Insiders own 0.67% of the company’s stock.
T-Mobile US Stock Performance
T-Mobile US (NASDAQ:TMUS – Get Free Report) last issued its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.32 by $0.29. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The company had revenue of $20.16 billion during the quarter, compared to analyst estimates of $20.01 billion. During the same quarter last year, the business posted $1.82 EPS. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. Research analysts anticipate that T-Mobile US, Inc. will post 9.3 earnings per share for the current fiscal year.
T-Mobile US Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Friday, February 28th will be paid a $0.88 dividend. The ex-dividend date is Friday, February 28th. This represents a $3.52 dividend on an annualized basis and a yield of 1.60%. T-Mobile US’s dividend payout ratio (DPR) is currently 40.14%.
Analyst Ratings Changes
A number of analysts have recently commented on the company. Citigroup boosted their price objective on T-Mobile US from $210.00 to $254.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Tigress Financial upped their price target on shares of T-Mobile US from $235.00 to $280.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Daiwa America raised shares of T-Mobile US to a “hold” rating in a research note on Friday, October 25th. Raymond James downgraded shares of T-Mobile US from an “outperform” rating to a “market perform” rating in a report on Friday, October 25th. Finally, Bank of America raised their target price on shares of T-Mobile US from $220.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Seven research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $245.74.
Read Our Latest Stock Report on TMUS
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.
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