SageView Advisory Group LLC Raises Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

SageView Advisory Group LLC lifted its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 34.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,372 shares of the Wireless communications provider’s stock after buying an additional 4,197 shares during the quarter. SageView Advisory Group LLC’s holdings in T-Mobile US were worth $2,647,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in T-Mobile US during the fourth quarter valued at $3,338,708,000. Morgan Stanley boosted its holdings in T-Mobile US by 0.9% during the third quarter. Morgan Stanley now owns 11,255,490 shares of the Wireless communications provider’s stock worth $1,576,332,000 after buying an additional 104,490 shares in the last quarter. Royal Bank of Canada increased its position in shares of T-Mobile US by 7.1% during the third quarter. Royal Bank of Canada now owns 10,505,308 shares of the Wireless communications provider’s stock worth $1,471,269,000 after purchasing an additional 693,443 shares in the last quarter. Invesco Ltd. boosted its holdings in T-Mobile US by 0.6% in the 3rd quarter. Invesco Ltd. now owns 7,675,261 shares of the Wireless communications provider’s stock valued at $1,074,920,000 after purchasing an additional 45,196 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in T-Mobile US by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,258,386 shares of the Wireless communications provider’s stock valued at $682,699,000 after acquiring an additional 23,800 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors.

Insider Buying and Selling at T-Mobile US

In other news, insider Callie R. Field sold 5,844 shares of T-Mobile US stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $168.44, for a total value of $984,363.36. Following the completion of the sale, the insider now owns 102,555 shares in the company, valued at approximately $17,274,364.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Telekom Ag Deutsche sold 189,670 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $165.06, for a total transaction of $31,306,930.20. Following the completion of the transaction, the director now owns 674,692,981 shares of the company’s stock, valued at $111,364,823,443.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Callie R. Field sold 5,844 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $168.44, for a total value of $984,363.36. Following the transaction, the insider now directly owns 102,555 shares in the company, valued at $17,274,364.20. The disclosure for this sale can be found here. Insiders have sold a total of 6,829,770 shares of company stock worth $1,112,065,505 over the last 90 days. Insiders own 0.67% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Benchmark reiterated a “buy” rating and set a $200.00 target price on shares of T-Mobile US in a research note on Friday, January 26th. Morgan Stanley raised their price objective on shares of T-Mobile US from $180.00 to $186.00 and gave the stock an “overweight” rating in a research note on Monday, January 29th. Tigress Financial lifted their price objective on T-Mobile US from $204.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Oppenheimer reiterated an “outperform” rating and issued a $190.00 price target on shares of T-Mobile US in a research report on Wednesday, April 3rd. Finally, Raymond James upped their price target on shares of T-Mobile US from $180.00 to $185.00 and gave the company a “strong-buy” rating in a research note on Friday, January 26th. Fourteen analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $186.33.

T-Mobile US Price Performance

Shares of TMUS traded up $1.13 during mid-day trading on Friday, hitting $166.10. The company’s stock had a trading volume of 1,459,013 shares, compared to its average volume of 4,446,640. The stock has a market capitalization of $194.64 billion, a price-to-earnings ratio of 22.44, a PEG ratio of 0.64 and a beta of 0.48. T-Mobile US, Inc. has a fifty-two week low of $124.92 and a fifty-two week high of $168.64. The firm has a 50-day moving average price of $162.52 and a 200 day moving average price of $159.89. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.94 and a quick ratio of 0.86.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.17. The company had revenue of $19.59 billion during the quarter, compared to analysts’ expectations of $19.81 billion. T-Mobile US had a net margin of 11.15% and a return on equity of 13.61%. The business’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.58 earnings per share. On average, research analysts predict that T-Mobile US, Inc. will post 9.02 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Friday, May 31st will be given a dividend of $0.65 per share. The ex-dividend date is Friday, May 31st. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.57%. T-Mobile US’s payout ratio is 35.37%.

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.