Fifth Third Wealth Advisors LLC Buys 1,478 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Fifth Third Wealth Advisors LLC grew its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 9.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,073 shares of the Wireless communications provider’s stock after acquiring an additional 1,478 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in T-Mobile US were worth $3,768,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. FMR LLC grew its stake in T-Mobile US by 13.4% in the third quarter. FMR LLC now owns 12,893,770 shares of the Wireless communications provider’s stock valued at $2,660,758,000 after purchasing an additional 1,522,394 shares during the last quarter. Barclays PLC boosted its holdings in shares of T-Mobile US by 38.3% in the 3rd quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock valued at $653,160,000 after buying an additional 876,182 shares in the last quarter. Wellington Management Group LLP grew its position in shares of T-Mobile US by 4.0% in the 3rd quarter. Wellington Management Group LLP now owns 15,524,529 shares of the Wireless communications provider’s stock worth $3,203,642,000 after buying an additional 602,786 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of T-Mobile US by 9.9% during the 3rd quarter. Franklin Resources Inc. now owns 6,553,703 shares of the Wireless communications provider’s stock worth $1,448,426,000 after acquiring an additional 590,711 shares in the last quarter. Finally, Nordea Investment Management AB lifted its position in T-Mobile US by 36.9% during the fourth quarter. Nordea Investment Management AB now owns 1,473,540 shares of the Wireless communications provider’s stock valued at $324,960,000 after acquiring an additional 397,345 shares during the last quarter. 42.49% of the stock is owned by institutional investors.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $214.18 on Wednesday. T-Mobile US, Inc. has a fifty-two week low of $158.84 and a fifty-two week high of $248.15. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.08. The firm has a market capitalization of $248.55 billion, a P/E ratio of 24.42, a PEG ratio of 1.18 and a beta of 0.56. The stock has a 50-day simple moving average of $229.93 and a two-hundred day simple moving average of $209.91.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.32 by $0.29. The company had revenue of $20.16 billion during the quarter, compared to analysts’ expectations of $20.01 billion. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. T-Mobile US’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the business earned $1.82 earnings per share. On average, equities analysts forecast that T-Mobile US, Inc. will post 9.38 earnings per share for the current year.

T-Mobile US Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Friday, February 28th will be given a dividend of $0.88 per share. The ex-dividend date is Friday, February 28th. This represents a $3.52 annualized dividend and a yield of 1.64%. T-Mobile US’s dividend payout ratio is presently 40.14%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on TMUS shares. Sanford C. Bernstein initiated coverage on T-Mobile US in a research report on Tuesday, December 10th. They set a “market perform” rating and a $265.00 price target on the stock. Raymond James lowered T-Mobile US from an “outperform” rating to a “market perform” rating in a research report on Friday, October 25th. Wells Fargo & Company downgraded T-Mobile US from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $240.00 to $220.00 in a report on Monday, January 6th. BNP Paribas upgraded T-Mobile US to a “strong-buy” rating in a research note on Friday, October 25th. Finally, Scotiabank increased their price objective on shares of T-Mobile US from $236.00 to $237.00 and gave the company a “sector perform” rating in a research report on Thursday, October 24th. Seven analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $245.74.

Insider Buying and Selling at T-Mobile US

In other news, Director Raul Marcelo Claure sold 110,000 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $224.30, for a total value of $24,673,000.00. Following the completion of the sale, the director now directly owns 1,441,204 shares in the company, valued at $323,262,057.20. The trade was a 7.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Nestor Cano sold 11,100 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $230.75, for a total value of $2,561,325.00. Following the transaction, the executive vice president now owns 4,400 shares in the company, valued at $1,015,300. This trade represents a 71.61 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 164,200 shares of company stock valued at $37,407,303. Corporate insiders own 0.67% of the company’s stock.

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.