Bank of New York Mellon Corp Increases Stock Position in T-Mobile US, Inc. $TMUS

Bank of New York Mellon Corp raised its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 0.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,576,393 shares of the Wireless communications provider’s stock after purchasing an additional 7,217 shares during the quarter. Bank of New York Mellon Corp owned 0.41% of T-Mobile US worth $1,095,497,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in TMUS. Patton Fund Management Inc. purchased a new stake in T-Mobile US during the second quarter valued at about $225,000. Janney Montgomery Scott LLC increased its position in shares of T-Mobile US by 9.6% during the 2nd quarter. Janney Montgomery Scott LLC now owns 201,451 shares of the Wireless communications provider’s stock valued at $47,998,000 after purchasing an additional 17,659 shares during the last quarter. HB Wealth Management LLC raised its holdings in shares of T-Mobile US by 1.1% during the 2nd quarter. HB Wealth Management LLC now owns 13,945 shares of the Wireless communications provider’s stock valued at $3,323,000 after buying an additional 149 shares in the last quarter. G&S Capital LLC bought a new stake in T-Mobile US in the 2nd quarter worth approximately $2,553,000. Finally, One Wealth Advisors LLC lifted its position in T-Mobile US by 69.3% in the 2nd quarter. One Wealth Advisors LLC now owns 2,784 shares of the Wireless communications provider’s stock worth $663,000 after buying an additional 1,140 shares during the last quarter. Institutional investors own 42.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TMUS. Scotiabank lifted their target price on shares of T-Mobile US from $271.50 to $278.00 and gave the stock a “sector outperform” rating in a research report on Monday, October 6th. Zacks Research upgraded T-Mobile US from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 26th. Daiwa Capital Markets decreased their price target on T-Mobile US from $240.00 to $230.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 28th. Tigress Financial boosted their price objective on T-Mobile US from $305.00 to $310.00 and gave the company a “buy” rating in a research report on Tuesday, November 11th. Finally, JPMorgan Chase & Co. restated a “buy” rating on shares of T-Mobile US in a report on Monday, December 15th. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and thirteen have given a Hold rating to the stock. According to MarketBeat, T-Mobile US currently has a consensus rating of “Moderate Buy” and a consensus target price of $256.36.

Insider Buying and Selling at T-Mobile US

In other news, insider Michael J. Katz sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $215.91, for a total value of $539,775.00. Following the sale, the insider directly owned 156,203 shares of the company’s stock, valued at $33,725,789.73. The trade was a 1.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Letitia A. Long sold 1,457 shares of T-Mobile US stock in a transaction on Friday, December 5th. The shares were sold at an average price of $210.32, for a total value of $306,436.24. Following the transaction, the director owned 5,438 shares of the company’s stock, valued at $1,143,720.16. The trade was a 21.13% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 51,457 shares of company stock valued at $11,149,636 over the last ninety days. Company insiders own 0.37% of the company’s stock.

T-Mobile US Stock Performance

Shares of T-Mobile US stock opened at $184.49 on Wednesday. The business has a fifty day simple moving average of $198.93 and a two-hundred day simple moving average of $221.74. The firm has a market capitalization of $206.35 billion, a P/E ratio of 17.74, a P/E/G ratio of 1.03 and a beta of 0.45. The company has a current ratio of 0.89, a quick ratio of 0.80 and a debt-to-equity ratio of 1.37. T-Mobile US, Inc. has a 12 month low of $181.36 and a 12 month high of $276.49.

T-Mobile US Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Friday, February 27th will be paid a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.2%. T-Mobile US’s dividend payout ratio (DPR) is currently 39.23%.

About T-Mobile US

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.