Blueshift Asset Management LLC Buys New Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Blueshift Asset Management LLC bought a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 2,600 shares of the Wireless communications provider’s stock, valued at approximately $574,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Arvest Investments Inc. grew its stake in T-Mobile US by 2.2% in the 4th quarter. Arvest Investments Inc. now owns 4,828 shares of the Wireless communications provider’s stock valued at $1,066,000 after buying an additional 103 shares during the last quarter. Harvest Fund Management Co. Ltd grew its position in T-Mobile US by 25.3% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 74,715 shares of the Wireless communications provider’s stock worth $16,492,000 after purchasing an additional 15,066 shares during the last quarter. Vinva Investment Management Ltd grew its position in T-Mobile US by 186.6% in the 4th quarter. Vinva Investment Management Ltd now owns 17,393 shares of the Wireless communications provider’s stock worth $3,838,000 after purchasing an additional 11,325 shares during the last quarter. Xponance Inc. grew its position in T-Mobile US by 1.3% in the 4th quarter. Xponance Inc. now owns 70,442 shares of the Wireless communications provider’s stock worth $15,549,000 after purchasing an additional 873 shares during the last quarter. Finally, Generali Asset Management SPA SGR acquired a new stake in T-Mobile US in the 4th quarter worth $3,453,000. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Benchmark restated a “buy” rating on shares of T-Mobile US in a research report on Wednesday, February 26th. JPMorgan Chase & Co. raised their price target on shares of T-Mobile US from $265.00 to $270.00 and gave the stock an “overweight” rating in a research report on Tuesday. Sanford C. Bernstein assumed coverage on shares of T-Mobile US in a research report on Tuesday, December 10th. They issued a “market perform” rating and a $265.00 price target on the stock. Hsbc Global Res lowered shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating on shares of T-Mobile US in a report on Wednesday, February 26th. Ten investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $255.05.

T-Mobile US Trading Down 0.9 %

Shares of NASDAQ TMUS opened at $257.03 on Friday. T-Mobile US, Inc. has a 1-year low of $158.84 and a 1-year high of $276.49. The company has a market cap of $293.46 billion, a PE ratio of 26.58, a P/E/G ratio of 1.55 and a beta of 0.64. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. The company has a 50-day moving average of $247.29 and a two-hundred day moving average of $229.96.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, topping the consensus estimate of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. As a group, equities analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.37%. The ex-dividend date is Friday, May 30th. T-Mobile US’s dividend payout ratio is 36.40%.

Insider Transactions at T-Mobile US

In other news, Director Srikant M. Datar sold 730 shares of T-Mobile US stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total transaction of $191,990.00. Following the completion of the sale, the director now owns 3,291 shares in the company, valued at $865,533. The trade was a 18.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.67% of the stock is owned by corporate insiders.

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.