Robeco Institutional Asset Management B.V. Acquires 32,801 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Robeco Institutional Asset Management B.V. boosted its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 20.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 191,545 shares of the Wireless communications provider’s stock after purchasing an additional 32,801 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in T-Mobile US were worth $42,280,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Wellington Management Group LLP lifted its holdings in shares of T-Mobile US by 4.0% in the 3rd quarter. Wellington Management Group LLP now owns 15,524,529 shares of the Wireless communications provider’s stock valued at $3,203,642,000 after acquiring an additional 602,786 shares during the last quarter. FMR LLC raised its position in 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 purchasing an additional 1,522,394 shares during the period. Franklin Resources Inc. lifted its stake in shares of T-Mobile US by 9.9% in the 3rd quarter. Franklin Resources Inc. now owns 6,553,703 shares of the Wireless communications provider’s stock valued at $1,448,426,000 after purchasing an additional 590,711 shares during the last quarter. Barclays PLC boosted its holdings in shares of T-Mobile US by 38.3% in the 3rd quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock worth $653,160,000 after purchasing an additional 876,182 shares during the period. Finally, Principal Financial Group Inc. increased its position in shares of T-Mobile US by 2.5% during the 3rd quarter. Principal Financial Group Inc. now owns 1,978,567 shares of the Wireless communications provider’s stock valued at $408,297,000 after purchasing an additional 47,350 shares during the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. The Goldman Sachs Group lifted their price objective on shares of T-Mobile US from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Morgan Stanley began coverage on shares of T-Mobile US in a report on Monday, December 16th. They set an “overweight” rating and a $280.00 price target on the stock. JPMorgan Chase & Co. raised their price objective on shares of T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Royal Bank of Canada cut T-Mobile US from an “outperform” rating to a “sector perform” rating and cut their target price for the company from $255.00 to $240.00 in a research note on Monday, January 6th. Finally, Scotiabank raised their price target on T-Mobile US from $236.00 to $237.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 24th. Seven investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, T-Mobile US presently has a consensus rating of “Moderate Buy” and a consensus price target of $245.74.

Insiders Place Their Bets

In related news, Director Letitia A. Long sold 1,100 shares of the business’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $231.08, for a total transaction of $254,188.00. Following the transaction, the director now directly owns 5,653 shares in the company, valued at $1,306,295.24. The trade was a 16.29 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Raul Marcelo Claure sold 110,000 shares of the stock in a transaction dated Monday, November 4th. The shares were 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 approximately $323,262,057.20. This trade represents a 7.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 144,200 shares of company stock valued at $32,736,303. 0.67% of the stock is currently owned by insiders.

T-Mobile US Trading Up 6.3 %

TMUS opened at $235.15 on Thursday. T-Mobile US, Inc. has a 12 month low of $158.84 and a 12 month high of $248.15. The stock has a fifty day moving average price of $226.37 and a 200-day moving average price of $212.66. The firm has a market cap of $272.89 billion, a price-to-earnings ratio of 26.81, a PEG ratio of 1.08 and a beta of 0.56. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, beating the consensus estimate of $2.15 by $0.42. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. As a group, equities 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 annualized dividend and a yield of 1.50%. T-Mobile US’s dividend payout ratio (DPR) is 40.14%.

About T-Mobile US

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.