Vestcor Inc Buys 8,881 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Vestcor Inc lifted its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 6.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 140,569 shares of the Wireless communications provider’s stock after purchasing an additional 8,881 shares during the quarter. T-Mobile US comprises 1.0% of Vestcor Inc’s portfolio, making the stock its 8th largest position. Vestcor Inc’s holdings in T-Mobile US were worth $31,028,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Dunhill Financial LLC increased its position in T-Mobile US by 76.7% in the 3rd 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 period. Rakuten Securities Inc. increased its position in T-Mobile US by 93.9% in the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 62 shares during the period. Financial Life Planners acquired a new stake in T-Mobile US in the 4th quarter valued at approximately $29,000. Legacy Investment Solutions LLC acquired a new stake in T-Mobile US in the 3rd quarter valued at approximately $34,000. Finally, Planning Capital Management Corp increased its position in T-Mobile US by 134.7% in the 3rd quarter. Planning Capital Management Corp now owns 176 shares of the Wireless communications provider’s stock valued at $36,000 after acquiring an additional 101 shares during the period. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Stock Performance

Shares of T-Mobile US stock opened at $255.61 on Thursday. The stock has a market cap of $291.84 billion, a PE ratio of 26.43, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64. The business has a fifty day simple moving average of $242.14 and a 200-day simple moving average of $227.74. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. T-Mobile US, Inc. has a 12 month low of $158.84 and a 12 month high of $276.49.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS 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%. On average, sell-side analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be issued a dividend of $0.88 per share. The ex-dividend date is Friday, May 30th. This represents a $3.52 annualized dividend and a dividend yield of 1.38%. T-Mobile US’s dividend payout ratio is 36.40%.

Insider Buying and Selling

In related news, Director Srikant M. Datar sold 730 shares of the stock in a transaction on Wednesday, March 5th. The stock was 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 directly owns 3,291 shares in the company, valued at approximately $865,533. This trade represents a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Letitia A. Long sold 1,100 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $231.08, for a total value 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 represents a 16.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.67% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently commented on TMUS. Evercore ISI upgraded T-Mobile US to a “strong-buy” rating in a research report on Thursday, January 23rd. Wells Fargo & Company reiterated an “equal weight” rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Oppenheimer lifted their price target on T-Mobile US from $250.00 to $275.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Scotiabank lifted their price target on T-Mobile US from $247.00 to $275.00 and gave the company a “sector perform” rating in a research report on Monday, March 3rd. Finally, Royal Bank of Canada reiterated a “sector perform” rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Nine research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, T-Mobile US presently has an average rating of “Moderate Buy” and an average price target of $254.10.

About T-Mobile US

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.