Vestor Capital LLC increased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS – Free Report) by 3,403.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 15,134 shares of the Wireless communications provider’s stock after acquiring an additional 14,702 shares during the quarter. Vestor Capital LLC’s holdings in T-Mobile US were worth $3,341,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Mizuho Securities USA LLC grew its stake in shares of T-Mobile US by 45.4% during the fourth quarter. Mizuho Securities USA LLC now owns 46,195 shares of the Wireless communications provider’s stock worth $10,197,000 after purchasing an additional 14,418 shares in the last quarter. Sciencast Management LP acquired a new position in shares of T-Mobile US during the fourth quarter worth $3,042,000. Summit Global Investments grew its stake in shares of T-Mobile US by 2.3% during the fourth quarter. Summit Global Investments now owns 7,817 shares of the Wireless communications provider’s stock worth $1,726,000 after purchasing an additional 173 shares in the last quarter. Lowe Brockenbrough & Co. Inc. acquired a new position in shares of T-Mobile US during the fourth quarter worth $201,000. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in shares of T-Mobile US by 8.6% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,752 shares of the Wireless communications provider’s stock worth $387,000 after purchasing an additional 139 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.
T-Mobile US Trading Down 0.5 %
Shares of T-Mobile US stock opened at $255.84 on Friday. T-Mobile US, Inc. has a 52-week low of $158.84 and a 52-week high of $276.49. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. The company’s 50-day simple moving average is $248.19 and its 200-day simple moving average is $230.36. The firm has a market cap of $292.10 billion, a price-to-earnings ratio of 26.46, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64.
T-Mobile US Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be paid a dividend of $0.88 per share. The ex-dividend date is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.38%. T-Mobile US’s dividend payout ratio (DPR) is 36.40%.
Insider Transactions at T-Mobile US
In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of the company’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total transaction of $191,990.00. Following the transaction, the director now directly owns 3,291 shares in the company, valued at approximately $865,533. This represents a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.67% of the company’s stock.
Wall Street Analysts Forecast Growth
TMUS has been the subject of a number of analyst reports. Hsbc Global Res downgraded shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Evercore ISI raised shares of T-Mobile US to a “strong-buy” rating in a research report on Thursday, January 23rd. Benchmark reissued a “buy” rating on shares of T-Mobile US in a research report on Wednesday, February 26th. KeyCorp cut shares of T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 price target for the company. in a research report on Thursday, December 12th. Finally, HSBC cut shares of T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 price target for the company. in a research report on Wednesday, March 5th. Ten equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $255.80.
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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