T-Mobile US, Inc. (NASDAQ:TMUS) Shares Purchased by Pine Valley Investments Ltd Liability Co

Pine Valley Investments Ltd Liability Co raised its position in shares of T-Mobile US, Inc. (NASDAQ:TMUSFree Report) by 11.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,739 shares of the Wireless communications provider’s stock after purchasing an additional 184 shares during the quarter. Pine Valley Investments Ltd Liability Co’s holdings in T-Mobile US were worth $279,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Norges Bank acquired a new position in T-Mobile US in the 4th quarter worth approximately $3,338,708,000. Morgan Stanley raised its holdings in shares of T-Mobile US by 0.9% during the third quarter. Morgan Stanley now owns 11,255,490 shares of the Wireless communications provider’s stock worth $1,576,332,000 after purchasing an additional 104,490 shares during the last quarter. Royal Bank of Canada lifted its position in T-Mobile US by 7.1% during the third quarter. Royal Bank of Canada now owns 10,505,308 shares of the Wireless communications provider’s stock valued at $1,471,269,000 after purchasing an additional 693,443 shares during the period. Invesco Ltd. boosted its holdings in T-Mobile US by 0.6% in the third quarter. Invesco Ltd. now owns 7,675,261 shares of the Wireless communications provider’s stock valued at $1,074,920,000 after purchasing an additional 45,196 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in T-Mobile US by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,258,386 shares of the Wireless communications provider’s stock worth $682,699,000 after purchasing an additional 23,800 shares during the period. 42.49% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 189,670 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $162.93, for a total value of $30,902,933.10. Following the completion of the sale, the director now owns 675,641,331 shares of the company’s stock, valued at $110,082,242,059.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO G Michael Sievert sold 20,000 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $163.71, for a total transaction of $3,274,200.00. Following the completion of the transaction, the chief executive officer now directly owns 476,036 shares in the company, valued at approximately $77,931,853.56. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Telekom Ag Deutsche sold 189,670 shares of the business’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $162.93, for a total transaction of $30,902,933.10. Following the completion of the sale, the director now owns 675,641,331 shares in the company, valued at $110,082,242,059.83. The disclosure for this sale can be found here. Insiders have sold a total of 6,455,670 shares of company stock worth $1,050,695,228 in the last quarter. Company insiders own 0.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on TMUS shares. TD Cowen lowered their target price on T-Mobile US from $204.00 to $202.00 and set a “buy” rating on the stock in a research note on Friday, April 26th. Royal Bank of Canada lifted their price objective on shares of T-Mobile US from $184.00 to $188.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Citigroup increased their target price on shares of T-Mobile US from $176.00 to $184.00 and gave the stock a “buy” rating in a research note on Monday, March 25th. Morgan Stanley lifted their price target on T-Mobile US from $180.00 to $186.00 and gave the company an “overweight” rating in a research note on Monday, January 29th. Finally, StockNews.com upgraded T-Mobile US from a “hold” rating to a “buy” rating in a research report on Thursday, May 16th. Fourteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $186.33.

Check Out Our Latest Research Report on TMUS

T-Mobile US Price Performance

Shares of NASDAQ:TMUS traded up $0.46 during midday trading on Tuesday, hitting $164.36. The company’s stock had a trading volume of 3,216,463 shares, compared to its average volume of 4,489,573. T-Mobile US, Inc. has a 12-month low of $124.92 and a 12-month high of $168.64. The company has a market cap of $192.61 billion, a P/E ratio of 22.30, a price-to-earnings-growth ratio of 0.64 and a beta of 0.48. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.86 and a current ratio of 0.94. The business’s 50 day simple moving average is $162.43 and its 200 day simple moving average is $159.69.

T-Mobile US (NASDAQ:TMUSGet Free Report) last released its earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.17. T-Mobile US had a net margin of 11.15% and a return on equity of 13.61%. The business had revenue of $19.59 billion for the quarter, compared to analyst estimates of $19.81 billion. During the same period last year, the company posted $1.58 EPS. The business’s revenue was down .2% on a year-over-year basis. On average, analysts forecast that T-Mobile US, Inc. will post 9.02 EPS for the current year.

T-Mobile US Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Friday, May 31st will be issued a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend is Friday, May 31st. T-Mobile US’s payout ratio is currently 35.37%.

About T-Mobile US

(Free Report)

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.

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Institutional Ownership by Quarter for T-Mobile US (NASDAQ:TMUS)

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