Prudential Financial Inc. Grows Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Prudential Financial Inc. raised its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 11.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 572,453 shares of the Wireless communications provider’s stock after acquiring an additional 56,808 shares during the period. Prudential Financial Inc.’s holdings in T-Mobile US were worth $126,358,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Dunhill Financial LLC grew its position in T-Mobile US by 76.7% in the 3rd quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock worth $27,000 after purchasing an additional 56 shares in the last quarter. Rakuten Securities Inc. lifted its holdings in T-Mobile US by 93.9% during the fourth quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 62 shares during the period. Financial Life Planners purchased a new position in T-Mobile US in the fourth quarter worth $29,000. Legacy Investment Solutions LLC bought a new position in T-Mobile US in the 3rd quarter valued at $34,000. Finally, Bruce G. Allen Investments LLC increased its position in shares of T-Mobile US by 79.3% during the 4th quarter. Bruce G. Allen Investments LLC now owns 165 shares of the Wireless communications provider’s stock valued at $36,000 after purchasing an additional 73 shares during the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TMUS. Hsbc Global Res lowered shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 5th. HSBC lowered shares of T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 price target for the company. in a research note on Wednesday, March 5th. Barclays raised their target price on T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Wells Fargo & Company reaffirmed an “equal weight” rating on shares of T-Mobile US in a report on Wednesday, February 26th. Finally, Scotiabank raised their price target on T-Mobile US from $247.00 to $275.00 and gave the stock a “sector perform” rating in a report on Monday, March 3rd. Ten investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, T-Mobile US currently has an average rating of “Moderate Buy” and an average target price of $255.80.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total transaction of $191,990.00. Following the completion of the sale, the director now directly owns 3,291 shares in the company, valued at approximately $865,533. This trade represents a 18.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.67% of the stock is owned by company insiders.

T-Mobile US Stock Performance

T-Mobile US stock opened at $255.84 on Monday. The firm has a 50-day moving average of $248.19 and a 200-day moving average of $230.79. The firm has a market cap of $292.10 billion, a P/E ratio of 26.46, a P/E/G ratio of 1.55 and a beta of 0.64. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. T-Mobile US, Inc. has a 1-year low of $159.14 and a 1-year high of $276.49.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) 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%. Sell-side analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be paid a $0.88 dividend. The ex-dividend date is Friday, May 30th. This represents a $3.52 annualized dividend and a dividend yield of 1.38%. T-Mobile US’s payout ratio is currently 36.40%.

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.