Main Street Research LLC Grows Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Main Street Research LLC increased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 1.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 176,114 shares of the Wireless communications provider’s stock after buying an additional 2,791 shares during the period. T-Mobile US accounts for 2.4% of Main Street Research LLC’s holdings, making the stock its 17th biggest position. Main Street Research LLC’s holdings in T-Mobile US were worth $38,874,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TMUS. M&G PLC acquired a new position in T-Mobile US in the 3rd quarter worth about $681,000. Principal Financial Group Inc. lifted its position in shares of T-Mobile US by 2.5% during the 3rd 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. Fiera Capital Corp acquired a new stake in T-Mobile US in the 3rd quarter valued at $483,000. CWA Asset Management Group LLC purchased a new stake in T-Mobile US in the 3rd quarter worth $388,000. Finally, Verdence Capital Advisors LLC raised its position in T-Mobile US by 6.0% during the third quarter. Verdence Capital Advisors LLC now owns 5,471 shares of the Wireless communications provider’s stock worth $1,129,000 after acquiring an additional 308 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Up 0.9 %

Shares of NASDAQ TMUS opened at $265.24 on Monday. T-Mobile US, Inc. has a 12-month low of $158.84 and a 12-month high of $276.49. The stock has a market cap of $302.84 billion, a P/E ratio of 27.43, a PEG ratio of 1.55 and a beta of 0.64. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. The business’s fifty day simple moving average is $239.80 and its 200-day simple moving average is $226.64.

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 (EPS) for the quarter, beating 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, equities analysts predict that T-Mobile US, Inc. will post 10.37 EPS 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. Investors of record on Friday, May 30th will be paid a $0.88 dividend. The ex-dividend date is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a yield of 1.33%. T-Mobile US’s dividend payout ratio is currently 36.40%.

Wall Street Analysts Forecast Growth

TMUS has been the subject of a number of recent research reports. Royal Bank of Canada reiterated a “sector perform” rating on shares of T-Mobile US in a report on Wednesday, February 26th. Barclays raised their price target on shares of T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Sanford C. Bernstein started coverage on T-Mobile US in a report on Tuesday, December 10th. They issued a “market perform” rating and a $265.00 price objective on the stock. JPMorgan Chase & Co. raised their target price on T-Mobile US from $250.00 to $265.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Nine research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $254.10.

Insiders Place Their Bets

In other news, Director Letitia A. Long sold 1,100 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $231.08, for a total transaction of $254,188.00. Following the sale, the director now owns 5,653 shares of the company’s stock, valued at approximately $1,306,295.24. This trade represents a 16.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Srikant M. Datar sold 730 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 3,291 shares of the company’s stock, valued at $865,533. This trade represents a 18.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by company insiders.

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.