Royal London Asset Management Ltd. Increases Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Royal London Asset Management Ltd. boosted its position in shares of T-Mobile US, Inc. (NASDAQ:TMUSFree Report) by 0.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 212,342 shares of the Wireless communications provider’s stock after acquiring an additional 1,504 shares during the quarter. Royal London Asset Management Ltd.’s holdings in T-Mobile US were worth $29,732,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Softbank Group CORP. boosted its stake in shares of T-Mobile US by 9.0% in the 2nd quarter. Softbank Group CORP. now owns 43,338,209 shares of the Wireless communications provider’s stock valued at $6,019,677,000 after buying an additional 3,566,400 shares during the period. State Street Corp boosted its stake in shares of T-Mobile US by 3.7% in the 2nd quarter. State Street Corp now owns 24,733,273 shares of the Wireless communications provider’s stock valued at $3,435,452,000 after buying an additional 874,192 shares during the period. Norges Bank purchased a new position in shares of T-Mobile US in the 4th quarter valued at about $2,801,442,000. Morgan Stanley boosted its stake in shares of T-Mobile US by 18.8% in the 4th quarter. Morgan Stanley now owns 10,984,556 shares of the Wireless communications provider’s stock valued at $1,537,838,000 after buying an additional 1,742,108 shares during the period. Finally, Invesco Ltd. boosted its stake in shares of T-Mobile US by 0.6% in the 3rd quarter. Invesco Ltd. now owns 7,675,261 shares of the Wireless communications provider’s stock valued at $1,074,920,000 after buying an additional 45,196 shares during the period. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on TMUS shares. Royal Bank of Canada reissued an “outperform” rating and set a $168.00 target price on shares of T-Mobile US in a research report on Tuesday, January 9th. Tigress Financial raised their target price on T-Mobile US from $204.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. KeyCorp cut their target price on T-Mobile US from $183.00 to $175.00 and set an “overweight” rating on the stock in a research report on Friday, January 26th. Oppenheimer reissued an “outperform” rating and set a $190.00 target price on shares of T-Mobile US in a research report on Tuesday, December 19th. Finally, Morgan Stanley raised their target price on T-Mobile US from $180.00 to $186.00 and gave the stock an “overweight” rating in a research report on Monday, January 29th. One investment analyst has rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $184.93.

Read Our Latest Stock Report on T-Mobile US

T-Mobile US Stock Down 1.8 %

TMUS opened at $164.39 on Friday. The business’s fifty day moving average is $162.78 and its two-hundred day moving average is $151.08. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.83 and a current ratio of 0.91. The company has a market cap of $195.11 billion, a price-to-earnings ratio of 23.72, a PEG ratio of 0.64 and a beta of 0.49. T-Mobile US, Inc. has a one year low of $124.92 and a one year high of $168.64.

T-Mobile US (NASDAQ:TMUSGet Free Report) last posted its earnings results on Thursday, January 25th. The Wireless communications provider reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.23). The firm had revenue of $20.48 billion for the quarter, compared to analysts’ expectations of $19.67 billion. T-Mobile US had a return on equity of 12.69% and a net margin of 10.59%. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.18 earnings per share. Analysts anticipate that T-Mobile US, Inc. will post 9.08 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 14th. Stockholders of record on Friday, March 1st will be issued a $0.65 dividend. The ex-dividend date is Thursday, February 29th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.58%. T-Mobile US’s dividend payout ratio (DPR) is 37.52%.

Insider Transactions at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 194,910 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $163.23, for a total value of $31,815,159.30. Following the completion of the transaction, the director now directly owns 685,252,991 shares of the company’s stock, valued at $111,853,845,720.93. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other T-Mobile US news, CEO G Michael Sievert sold 40,000 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $161.05, for a total transaction of $6,442,000.00. Following the completion of the sale, the chief executive officer now directly owns 496,036 shares in the company, valued at $79,886,597.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Telekom Ag Deutsche sold 194,910 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $163.23, for a total value of $31,815,159.30. Following the sale, the director now owns 685,252,991 shares of the company’s stock, valued at $111,853,845,720.93. The disclosure for this sale can be found here. Insiders sold a total of 4,037,921 shares of company stock valued at $656,929,213 over the last three months. 0.70% of the stock is currently owned by insiders.

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.

Further Reading

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

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