NEOS Investment Management LLC Grows Position in T-Mobile US, Inc. (NASDAQ:TMUS)

NEOS Investment Management LLC boosted its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 18.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 107,525 shares of the Wireless communications provider’s stock after buying an additional 16,686 shares during the quarter. T-Mobile US makes up about 0.6% of NEOS Investment Management LLC’s holdings, making the stock its 29th biggest holding. NEOS Investment Management LLC’s holdings in T-Mobile US were worth $23,734,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in TMUS. Dunhill Financial LLC raised its stake in shares of T-Mobile US by 76.7% during the third quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock valued at $27,000 after acquiring an additional 56 shares during the last quarter. Rakuten Securities Inc. raised its position in T-Mobile US by 93.9% during the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 62 shares during the last quarter. CoreFirst Bank & Trust purchased a new stake in T-Mobile US in the 4th quarter worth approximately $28,000. Financial Life Planners bought a new stake in shares of T-Mobile US in the 4th quarter worth approximately $29,000. Finally, Legacy Investment Solutions LLC purchased a new position in shares of T-Mobile US during the third quarter valued at approximately $34,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insider Activity

In other news, Director Srikant M. Datar sold 730 shares of the company’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 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 Securities & Exchange Commission, which is available through this link. Insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Tigress Financial reaffirmed a “buy” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Bank of America lifted their target price on shares of T-Mobile US from $240.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Benchmark reissued a “buy” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Evercore ISI upgraded shares of T-Mobile US to a “strong-buy” rating in a report on Thursday, January 23rd. Finally, HSBC downgraded T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 target price on the stock. in a report on Wednesday, March 5th. Eleven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $255.80.

T-Mobile US Price Performance

Shares of TMUS opened at $262.51 on Thursday. The company has a market capitalization of $299.72 billion, a P/E ratio of 27.15, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64. T-Mobile US, Inc. has a twelve month low of $159.14 and a twelve month high of $276.49. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. The firm has a 50 day moving average of $250.95 and a 200 day moving average of $231.90.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, topping the consensus estimate 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, equities research analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be issued a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $3.52 annualized dividend and a dividend yield of 1.34%. T-Mobile US’s payout ratio is 36.40%.

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.