Brown Brothers Harriman & Co. Has $1.71 Million Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Brown Brothers Harriman & Co. boosted its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 22.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,733 shares of the Wireless communications provider’s stock after purchasing an additional 1,418 shares during the period. Brown Brothers Harriman & Co.’s holdings in T-Mobile US were worth $1,707,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Horizon Investment Services LLC acquired a new position in shares of T-Mobile US in the fourth quarter worth approximately $3,299,000. denkapparat Operations GmbH bought a new position in T-Mobile US during the 4th quarter worth approximately $519,000. Orion Portfolio Solutions LLC lifted its position in shares of T-Mobile US by 8.3% in the 4th quarter. Orion Portfolio Solutions LLC now owns 21,564 shares of the Wireless communications provider’s stock worth $4,760,000 after purchasing an additional 1,647 shares during the period. Broadway Wealth Solutions Inc. bought a new stake in shares of T-Mobile US in the 4th quarter valued at $310,000. Finally, New Age Alpha Advisors LLC increased its position in shares of T-Mobile US by 51,463.4% during the fourth quarter. New Age Alpha Advisors LLC now owns 57,751 shares of the Wireless communications provider’s stock worth $12,747,000 after buying an additional 57,639 shares during the period. 42.49% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on TMUS shares. Tigress Financial reaffirmed a “buy” rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Oppenheimer upped their target price on T-Mobile US from $250.00 to $275.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Scotiabank lifted their target price on T-Mobile US from $247.00 to $275.00 and gave the stock a “sector perform” rating in a report on Monday, March 3rd. Citigroup cut T-Mobile US from a “buy” rating to a “neutral” rating and set a $268.00 price target on the stock. in a report on Friday, March 14th. Finally, UBS Group lowered shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 21st. Eleven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $256.80.

Insider Activity

In related news, Director Srikant M. Datar sold 730 shares of the company’s 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 sale, the director now owns 3,291 shares of the company’s stock, valued at approximately $865,533. This represents a 18.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.67% of the company’s stock.

T-Mobile US Trading Down 1.2 %

Shares of TMUS opened at $264.93 on Friday. T-Mobile US, Inc. has a fifty-two week low of $159.14 and a fifty-two week high of $276.49. The business has a 50-day moving average of $252.92 and a 200 day moving average of $232.89. The firm has a market cap of $302.48 billion, a P/E ratio of 27.40, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates 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, research analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders of record on Friday, May 30th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US’s payout ratio is presently 36.40%.

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.