QRG Capital Management Inc. Has $21.35 Million Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

QRG Capital Management Inc. increased its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 4.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 96,728 shares of the Wireless communications provider’s stock after purchasing an additional 3,936 shares during the period. QRG Capital Management Inc.’s holdings in T-Mobile US were worth $21,351,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Brueske Advisory Services LLC acquired a new position in T-Mobile US in the fourth quarter worth about $596,000. Versor Investments LP increased its holdings in shares of T-Mobile US by 72.8% during the fourth quarter. Versor Investments LP now owns 5,874 shares of the Wireless communications provider’s stock worth $1,297,000 after buying an additional 2,474 shares in the last quarter. Proficio Capital Partners LLC increased its holdings in shares of T-Mobile US by 31,353.2% in the fourth quarter. Proficio Capital Partners LLC now owns 635,040 shares of the Wireless communications provider’s stock valued at $140,172,000 after purchasing an additional 633,021 shares in the last quarter. Oppenheimer & Co. Inc. increased its holdings in shares of T-Mobile US by 25.5% in the fourth quarter. Oppenheimer & Co. Inc. now owns 54,301 shares of the Wireless communications provider’s stock valued at $11,986,000 after purchasing an additional 11,036 shares in the last quarter. Finally, Kovack Advisors Inc. increased its holdings in shares of T-Mobile US by 22.4% in the fourth quarter. Kovack Advisors Inc. now owns 1,223 shares of the Wireless communications provider’s stock valued at $270,000 after purchasing an additional 224 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Price Performance

Shares of NASDAQ TMUS opened at $263.58 on Thursday. The firm has a market cap of $300.94 billion, a PE ratio of 27.26, a PEG ratio of 1.55 and a beta of 0.56. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. T-Mobile US, Inc. has a 1-year low of $158.84 and a 1-year high of $273.40. The company has a fifty day moving average price of $233.61 and a 200 day moving average price of $222.99.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, topping 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%. Research analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US’s payout ratio is presently 36.40%.

Insider Buying and Selling

In related news, Director Letitia A. Long sold 1,100 shares of the company’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $231.08, for a total value of $254,188.00. Following the completion of the transaction, the director now directly owns 5,653 shares of the company’s stock, valued at approximately $1,306,295.24. This represents a 16.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Andre Almeida purchased 3,808 shares of the business’s stock in a transaction on Monday, December 9th. The shares were acquired at an average cost of $235.72 per share, for a total transaction of $897,621.76. Following the completion of the transaction, the director now directly owns 3,808 shares in the company, valued at approximately $897,621.76. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TMUS. KeyCorp lowered 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 report on Thursday, December 12th. Scotiabank raised their price target on shares of T-Mobile US from $234.00 to $247.00 and gave the company a “sector perform” rating in a report on Thursday, January 30th. Evercore ISI raised shares of T-Mobile US to a “strong-buy” rating in a report on Thursday, January 23rd. Benchmark reaffirmed a “buy” rating on shares of T-Mobile US in a report on Wednesday. Finally, Bank of America lifted their target price on shares of T-Mobile US from $240.00 to $255.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Seven research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, T-Mobile US has a consensus rating of “Moderate Buy” and an average target price of $251.79.

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.