Argentarii LLC Purchases Shares of 1,658 T-Mobile US, Inc. (NASDAQ:TMUS)

Argentarii LLC purchased a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 1,658 shares of the Wireless communications provider’s stock, valued at approximately $366,000.

Other large investors have also recently bought and sold shares of the company. M&G PLC acquired a new stake in shares of T-Mobile US in the third quarter valued at approximately $681,000. Graypoint LLC raised its position in shares of T-Mobile US by 7.7% in the third quarter. Graypoint LLC now owns 2,800 shares of the Wireless communications provider’s stock valued at $578,000 after buying an additional 201 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of T-Mobile US by 2.5% in the third quarter. Principal Financial Group Inc. now owns 1,978,567 shares of the Wireless communications provider’s stock valued at $408,297,000 after buying an additional 47,350 shares in the last quarter. Kornitzer Capital Management Inc. KS raised its position in shares of T-Mobile US by 30.9% in the third quarter. Kornitzer Capital Management Inc. KS now owns 2,404 shares of the Wireless communications provider’s stock valued at $496,000 after buying an additional 567 shares in the last quarter. Finally, Summit Global Investments acquired a new stake in shares of T-Mobile US in the third quarter valued at approximately $1,577,000. 42.49% of the stock is owned by institutional investors.

Insider Activity at T-Mobile US

In related news, Director Srikant M. Datar sold 730 shares of the business’s stock in a transaction on 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 owns 3,291 shares in the company, valued at $865,533. The trade was a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Andre Almeida bought 3,808 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was purchased at an average price of $235.72 per share, for a total transaction of $897,621.76. Following the acquisition, the director now owns 3,808 shares of the company’s stock, valued at $897,621.76. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.67% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

TMUS has been the subject of a number of analyst reports. Evercore ISI upgraded shares of T-Mobile US to a “strong-buy” rating in a research report on Thursday, January 23rd. Morgan Stanley assumed coverage on shares of T-Mobile US in a research report on Monday, December 16th. They issued an “overweight” rating and a $280.00 price target for the company. Barclays lifted their price objective on shares of T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. HSBC cut shares of T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 price objective on the stock. in a research note on Wednesday. Finally, JPMorgan Chase & Co. lifted their price objective on shares of T-Mobile US from $250.00 to $265.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Nine research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $254.10.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS opened at $265.24 on Friday. The firm has a market cap of $302.84 billion, a PE ratio of 27.43, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64. The firm’s fifty day moving average is $239.80 and its 200-day moving average is $226.42. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. T-Mobile US, Inc. has a 52 week low of $158.84 and a 52 week high of $276.49.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly 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 net margin of 13.93% and a return on equity of 18.09%. Sell-side analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be issued a $0.88 dividend. The ex-dividend date is Friday, May 30th. This represents a $3.52 annualized dividend and a yield of 1.33%. 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.