Stephens Inc. AR Purchases 332 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Stephens Inc. AR lifted its position in shares of T-Mobile US, Inc. (NASDAQ:TMUSFree Report) by 2.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,360 shares of the Wireless communications provider’s stock after acquiring an additional 332 shares during the quarter. Stephens Inc. AR’s holdings in T-Mobile US were worth $1,982,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of T-Mobile US during the fourth quarter worth $3,338,708,000. Morgan Stanley raised its position in shares of T-Mobile US by 0.9% during the third quarter. Morgan Stanley now owns 11,255,490 shares of the Wireless communications provider’s stock worth $1,576,332,000 after acquiring an additional 104,490 shares during the last quarter. Royal Bank of Canada raised its position in shares of T-Mobile US by 7.1% during the third quarter. Royal Bank of Canada now owns 10,505,308 shares of the Wireless communications provider’s stock worth $1,471,269,000 after acquiring an additional 693,443 shares during the last quarter. Invesco Ltd. raised its position in shares of T-Mobile US by 0.6% during the third quarter. Invesco Ltd. now owns 7,675,261 shares of the Wireless communications provider’s stock worth $1,074,920,000 after acquiring an additional 45,196 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of T-Mobile US by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,258,386 shares of the Wireless communications provider’s stock worth $682,699,000 after acquiring an additional 23,800 shares during the last quarter. Institutional investors own 42.49% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on TMUS shares. Citigroup upped their price objective on T-Mobile US from $176.00 to $184.00 and gave the company a “buy” rating in a report on Monday, March 25th. TD Cowen dropped their price objective on T-Mobile US from $204.00 to $202.00 and set a “buy” rating for the company in a report on Friday, April 26th. Benchmark reiterated a “buy” rating and issued a $200.00 price objective on shares of T-Mobile US in a report on Wednesday, May 29th. Oppenheimer reiterated an “outperform” rating and issued a $190.00 price objective on shares of T-Mobile US in a report on Wednesday, April 3rd. Finally, StockNews.com downgraded T-Mobile US from a “buy” rating to a “hold” rating in a report on Tuesday, June 4th. One equities research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $190.00.

Get Our Latest Report on T-Mobile US

Insider Transactions at T-Mobile US

In other news, insider Michael J. Katz sold 3,000 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $163.22, for a total transaction of $489,660.00. Following the completion of the transaction, the insider now directly owns 125,687 shares of the company’s stock, valued at $20,514,632.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CAO Dara Bazzano sold 4,300 shares of the stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $179.78, for a total transaction of $773,054.00. Following the transaction, the chief accounting officer now owns 6,202 shares in the company, valued at $1,114,995.56. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Michael J. Katz sold 3,000 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $163.22, for a total value of $489,660.00. Following the sale, the insider now directly owns 125,687 shares in the company, valued at approximately $20,514,632.14. The disclosure for this sale can be found here. Insiders sold 7,134,465 shares of company stock valued at $1,173,324,184 over the last three months. Company insiders own 0.67% of the company’s stock.

T-Mobile US Stock Up 0.0 %

NASDAQ:TMUS opened at $179.82 on Friday. T-Mobile US, Inc. has a 1 year low of $127.72 and a 1 year high of $182.67. The company has a current ratio of 0.94, a quick ratio of 0.86 and a debt-to-equity ratio of 1.25. The stock has a market cap of $210.72 billion, a price-to-earnings ratio of 24.47, a PEG ratio of 0.70 and a beta of 0.50. The stock has a 50-day moving average price of $165.07 and a two-hundred day moving average price of $161.95.

T-Mobile US (NASDAQ:TMUSGet Free Report) last posted its earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.17. The firm had revenue of $19.59 billion during the quarter, compared to analysts’ expectations of $19.81 billion. T-Mobile US had a return on equity of 13.61% and a net margin of 11.15%. The company’s revenue was down .2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.58 earnings per share. As a group, equities analysts expect that T-Mobile US, Inc. will post 9.02 earnings per share for the current year.

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Friday, May 31st will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $2.60 annualized dividend and a dividend yield of 1.45%. T-Mobile US’s dividend payout ratio is currently 35.37%.

About T-Mobile US

(Free Report)

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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Institutional Ownership by Quarter for T-Mobile US (NASDAQ:TMUS)

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