American Century Companies Inc. Boosts Stock Position in T-Mobile US, Inc. $TMUS

American Century Companies Inc. boosted its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 3.4% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 567,275 shares of the Wireless communications provider’s stock after acquiring an additional 18,494 shares during the period. American Century Companies Inc. owned about 0.05% of T-Mobile US worth $135,794,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Assetmark Inc. grew its stake in shares of T-Mobile US by 21.2% in the 2nd quarter. Assetmark Inc. now owns 33,029 shares of the Wireless communications provider’s stock valued at $7,870,000 after buying an additional 5,777 shares during the period. Kovack Advisors Inc. boosted its stake in shares of T-Mobile US by 58.1% in the second quarter. Kovack Advisors Inc. now owns 1,952 shares of the Wireless communications provider’s stock valued at $465,000 after purchasing an additional 717 shares during the period. Accuvest Global Advisors acquired a new position in shares of T-Mobile US in the second quarter worth $2,985,000. Mission Wealth Management LP increased its holdings in T-Mobile US by 28.0% during the 2nd quarter. Mission Wealth Management LP now owns 13,096 shares of the Wireless communications provider’s stock worth $3,120,000 after purchasing an additional 2,867 shares during the period. Finally, EPG Wealth Management LLC raised its holdings in T-Mobile US by 9.0% in the second quarter. EPG Wealth Management LLC now owns 4,767 shares of the Wireless communications provider’s stock valued at $1,136,000 after acquiring an additional 393 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Up 1.8%

T-Mobile US stock opened at $217.09 on Monday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.90 and a current ratio of 1.00. The firm has a market capitalization of $239.20 billion, a price-to-earnings ratio of 22.36, a price-to-earnings-growth ratio of 1.40 and a beta of 0.42. The stock’s fifty day moving average is $200.69 and its two-hundred day moving average is $216.81. T-Mobile US, Inc. has a fifty-two week low of $181.36 and a fifty-two week high of $276.49.

T-Mobile US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Friday, February 27th will be given a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Friday, February 27th. T-Mobile US’s dividend payout ratio is currently 42.02%.

Insider Activity at T-Mobile US

In other news, insider Mark Wolfe Nelson sold 2,329 shares of T-Mobile US stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $222.38, for a total transaction of $517,923.02. Following the completion of the sale, the insider directly owned 65,677 shares in the company, valued at $14,605,251.26. The trade was a 3.42% decrease in their ownership of the stock. The sale was disclosed in a filing 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 that occurred on Friday, December 5th. The stock was sold at an average price of $210.32, for a total transaction of $306,436.24. Following the completion of the sale, the director directly owned 5,438 shares of the company’s stock, valued at $1,143,720.16. The trade was a 21.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 692,300 shares of company stock worth $150,426,595 over the last three months. Company insiders own 0.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TMUS. UBS Group reissued a “buy” rating on shares of T-Mobile US in a report on Thursday, February 12th. Barclays raised their target price on shares of T-Mobile US from $240.00 to $245.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. Daiwa Securities Group upgraded shares of T-Mobile US from a “neutral” rating to an “outperform” rating and set a $240.00 price target for the company in a research report on Thursday, February 19th. Weiss Ratings cut shares of T-Mobile US from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Finally, Scotiabank lowered their target price on T-Mobile US from $270.50 to $266.00 and set a “sector outperform” rating on the stock in a research note on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $257.09.

T-Mobile US Profile

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.