Summit Global Investments Purchases 173 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Summit Global Investments raised its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 2.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,817 shares of the Wireless communications provider’s stock after buying an additional 173 shares during the quarter. Summit Global Investments’ holdings in T-Mobile US were worth $1,726,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Lowe Brockenbrough & Co. Inc. purchased a new position in shares of T-Mobile US in the fourth quarter valued at $201,000. Whittier Trust Co. of Nevada Inc. grew its position in shares of T-Mobile US by 8.6% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,752 shares of the Wireless communications provider’s stock valued at $387,000 after purchasing an additional 139 shares in the last quarter. Douglass Winthrop Advisors LLC purchased a new position in shares of T-Mobile US in the fourth quarter valued at $581,000. HUB Investment Partners LLC grew its position in shares of T-Mobile US by 5.7% in the fourth quarter. HUB Investment Partners LLC now owns 45,175 shares of the Wireless communications provider’s stock valued at $9,971,000 after purchasing an additional 2,427 shares in the last quarter. Finally, Blueshift Asset Management LLC purchased a new position in shares of T-Mobile US in the fourth quarter valued at $574,000. 42.49% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TMUS has been the subject of several recent research reports. Morgan Stanley initiated coverage on T-Mobile US in a research report on Monday, December 16th. They issued an “overweight” rating and a $280.00 price target for the company. Sanford C. Bernstein initiated coverage on T-Mobile US in a research report on Tuesday, December 10th. They issued a “market perform” rating and a $265.00 price target for the company. Royal Bank of Canada boosted their target price on T-Mobile US from $245.00 to $260.00 and gave the stock a “sector perform” rating in a research report on Friday. Wells Fargo & Company restated an “equal weight” rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Finally, Scotiabank boosted their target price on T-Mobile US from $247.00 to $275.00 and gave the stock a “sector perform” rating in a research report on Monday, March 3rd. Ten equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, T-Mobile US has an average rating of “Moderate Buy” and a consensus target price of $255.80.

T-Mobile US Trading Down 0.5 %

NASDAQ TMUS opened at $255.84 on Friday. T-Mobile US, Inc. has a 1-year low of $159.14 and a 1-year high of $276.49. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. The stock has a 50-day moving average of $248.19 and a 200-day moving average of $230.56. The firm has a market cap of $292.10 billion, a PE ratio of 26.46, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. As a group, sell-side analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US’s dividend payout ratio (DPR) is presently 36.40%.

Insider Activity

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total transaction of $191,990.00. Following the completion of the transaction, the director now owns 3,291 shares of the company’s stock, valued at $865,533. This represents a 18.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.67% of the stock is currently owned by corporate insiders.

About T-Mobile US

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.