TD Waterhouse Canada Inc. Boosts Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

TD Waterhouse Canada Inc. raised its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 63.7% in the 4th quarter, Holdings Channel reports. The firm owned 86,148 shares of the Wireless communications provider’s stock after purchasing an additional 33,516 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in T-Mobile US were worth $19,015,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Teachers Retirement System of The State of Kentucky increased its holdings in T-Mobile US by 10.8% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 97,156 shares of the Wireless communications provider’s stock worth $21,445,000 after purchasing an additional 9,434 shares during the period. Tower Research Capital LLC TRC lifted its stake in T-Mobile US by 102.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 67,089 shares of the Wireless communications provider’s stock worth $14,809,000 after acquiring an additional 33,947 shares during the period. Transce3nd LLC bought a new position in T-Mobile US during the 4th quarter worth about $142,000. Mirabella Financial Services LLP bought a new stake in shares of T-Mobile US in the 4th quarter valued at about $2,419,000. Finally, Natixis purchased a new stake in shares of T-Mobile US in the 4th quarter worth approximately $8,063,000. 42.49% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on TMUS shares. Hsbc Global Res downgraded shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. UBS Group cut T-Mobile US from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 21st. HSBC downgraded T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 price objective on the stock. in a research report on Wednesday, March 5th. Scotiabank boosted their target price on shares of T-Mobile US from $247.00 to $275.00 and gave the stock a “sector perform” rating in a report on Monday, March 3rd. Finally, Wells Fargo & Company restated an “equal weight” rating on shares of T-Mobile US in a report on Wednesday, February 26th. Eleven equities research 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. According to data from MarketBeat, T-Mobile US presently has a consensus rating of “Moderate Buy” and an average target price of $256.80.

Insider Buying and Selling

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

T-Mobile US Stock Performance

Shares of TMUS opened at $253.48 on Tuesday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. The stock has a 50-day moving average of $261.50 and a two-hundred day moving average of $239.78. The stock has a market cap of $289.41 billion, a P/E ratio of 26.21, a P/E/G ratio of 1.55 and a beta of 0.63. T-Mobile US, Inc. has a one year low of $160.62 and a one year high of $276.49.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 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%. As a group, research analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The firm also recently disclosed 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. 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 1.39%. T-Mobile US’s payout ratio is currently 36.40%.

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.