Capital Group Private Client Services Inc. Acquires 61,759 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Capital Group Private Client Services Inc. increased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 69.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 150,793 shares of the Wireless communications provider’s stock after purchasing an additional 61,759 shares during the quarter. Capital Group Private Client Services Inc.’s holdings in T-Mobile US were worth $33,285,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Rakuten Securities Inc. lifted its stake in T-Mobile US by 93.9% in the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 62 shares in the last quarter. CoreFirst Bank & Trust bought a new position in T-Mobile US in the fourth quarter valued at $28,000. Financial Life Planners bought a new stake in T-Mobile US during the 4th quarter worth about $29,000. Bruce G. Allen Investments LLC boosted its stake 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 worth $36,000 after buying an additional 73 shares during the last quarter. Finally, Albion Financial Group UT acquired a new stake in shares of T-Mobile US in the fourth quarter valued at about $39,000. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Performance

Shares of NASDAQ:TMUS opened at $262.04 on Friday. 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 12-month low of $160.06 and a 12-month high of $276.49. The company’s 50 day moving average price is $261.47 and its two-hundred day moving average price is $238.65. The firm has a market cap of $299.18 billion, a PE ratio of 27.10, a PEG ratio of 1.55 and a beta of 0.63.

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

T-Mobile US Announces Dividend

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. This represents a $3.52 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US’s dividend payout ratio (DPR) is presently 36.40%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TMUS. JPMorgan Chase & Co. upped their price objective on T-Mobile US from $265.00 to $270.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 18th. Hsbc Global Res cut shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 5th. UBS Group cut T-Mobile US from a “strong-buy” rating to a “hold” rating in a report on Friday, March 21st. Wells Fargo & Company restated an “equal weight” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Finally, Oppenheimer lifted their target price on T-Mobile US from $250.00 to $275.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Eleven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, T-Mobile US currently has an average rating of “Moderate Buy” and a consensus target price of $256.80.

Insider Buying and Selling

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 value of $191,990.00. Following the transaction, the director now directly owns 3,291 shares of the company’s stock, valued at $865,533. This trade represents a 18.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.67% of the stock is currently owned by company insiders.

T-Mobile US Company 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.