Chase Investment Counsel Corp Has $6.53 Million Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Chase Investment Counsel Corp cut its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 11.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 29,588 shares of the Wireless communications provider’s stock after selling 3,736 shares during the period. T-Mobile US makes up 2.1% of Chase Investment Counsel Corp’s holdings, making the stock its 12th largest position. Chase Investment Counsel Corp’s holdings in T-Mobile US were worth $6,531,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC boosted its stake in T-Mobile US by 38.3% in the 3rd quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock worth $653,160,000 after purchasing an additional 876,182 shares during the period. Gladstone Institutional Advisory LLC acquired a new position in T-Mobile US in the 4th quarter worth $1,552,000. Trust Co. of Vermont boosted its stake in T-Mobile US by 11.9% in the 4th quarter. Trust Co. of Vermont now owns 26,972 shares of the Wireless communications provider’s stock worth $5,954,000 after purchasing an additional 2,865 shares during the period. Swedbank AB boosted its stake in T-Mobile US by 5.1% in the 3rd quarter. Swedbank AB now owns 255,044 shares of the Wireless communications provider’s stock worth $52,631,000 after purchasing an additional 12,411 shares during the period. Finally, Rice Partnership LLC acquired a new position in T-Mobile US in the 4th quarter worth $7,678,000. 42.49% of the stock is owned by institutional investors and hedge funds.

T-Mobile US Stock Up 2.1 %

T-Mobile US stock opened at $269.69 on Friday. The stock has a market cap of $307.92 billion, a P/E ratio of 27.89, a P/E/G ratio of 1.55 and a beta of 0.56. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. T-Mobile US, Inc. has a twelve month low of $158.84 and a twelve month high of $273.40. The company’s 50-day moving average price is $235.52 and its two-hundred day moving average price is $223.80.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. As a group, analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders of record on Friday, May 30th will be given a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.31%. T-Mobile US’s payout ratio is presently 36.40%.

Analysts Set New Price Targets

TMUS has been the subject of a number of research analyst reports. Wells Fargo & Company reaffirmed an “equal weight” rating on shares of T-Mobile US in a research note on Wednesday. Royal Bank of Canada reissued a “sector perform” rating on shares of T-Mobile US in a research report on Wednesday. Morgan Stanley assumed coverage on shares of T-Mobile US in a research report on Monday, December 16th. They set an “overweight” rating and a $280.00 price target on the stock. Oppenheimer boosted their price target on shares of T-Mobile US from $250.00 to $275.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. boosted their price target on shares of T-Mobile US from $250.00 to $265.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Seven research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, T-Mobile US presently has a consensus rating of “Moderate Buy” and a consensus price target of $251.79.

Insiders Place Their Bets

In other T-Mobile US news, Director Andre Almeida bought 3,808 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were purchased at an average price of $235.72 per share, for a total transaction of $897,621.76. Following the transaction, the director now directly owns 3,808 shares in the company, valued at approximately $897,621.76. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Letitia A. Long sold 1,100 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $231.08, for a total transaction of $254,188.00. Following the transaction, the director now owns 5,653 shares in the company, valued at approximately $1,306,295.24. The trade was a 16.29 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.67% of the company’s stock.

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.