T-Mobile US, Inc. $TMUS Shares Bought by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd lifted its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 102.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 159,591 shares of the Wireless communications provider’s stock after purchasing an additional 80,701 shares during the period. Mediolanum International Funds Ltd’s holdings in T-Mobile US were worth $37,976,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of T-Mobile US by 0.5% in the second quarter. Vanguard Group Inc. now owns 42,160,882 shares of the Wireless communications provider’s stock worth $10,045,252,000 after acquiring an additional 215,711 shares during the last quarter. State Street Corp increased its holdings in T-Mobile US by 4.5% during the 2nd quarter. State Street Corp now owns 23,141,316 shares of the Wireless communications provider’s stock worth $5,513,650,000 after purchasing an additional 994,740 shares during the last quarter. Franklin Resources Inc. increased its position in shares of T-Mobile US by 5.2% in the 2nd quarter. Franklin Resources Inc. now owns 6,298,934 shares of the Wireless communications provider’s stock worth $1,500,784,000 after purchasing an additional 309,922 shares during the last quarter. Norges Bank acquired a new stake in shares of T-Mobile US during the 2nd quarter valued at approximately $1,477,780,000. Finally, Charles Schwab Investment Management Inc. raised its stake in T-Mobile US by 1.1% during the second quarter. Charles Schwab Investment Management Inc. now owns 3,331,856 shares of the Wireless communications provider’s stock worth $793,848,000 after acquiring an additional 36,424 shares during the period. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

T-Mobile US Price Performance

Shares of TMUS opened at $197.21 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.80 and a debt-to-equity ratio of 1.37. The company’s fifty day simple moving average is $197.76 and its 200 day simple moving average is $221.02. The company has a market cap of $220.58 billion, a price-to-earnings ratio of 18.96, a PEG ratio of 1.05 and a beta of 0.45. T-Mobile US, Inc. has a 1-year low of $181.36 and a 1-year high of $276.49.

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Friday, February 27th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Friday, February 27th. T-Mobile US’s dividend payout ratio (DPR) is 39.23%.

Insider Activity at T-Mobile US

In related news, Director G Michael Sievert sold 22,500 shares of the firm’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $216.97, for a total transaction of $4,881,825.00. Following the sale, the director owned 308,696 shares of the company’s stock, valued at $66,977,771.12. This trade represents a 6.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Letitia A. Long sold 1,457 shares of the firm’s stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $210.32, for a total value of $306,436.24. Following the transaction, the director owned 5,438 shares of the company’s stock, valued at $1,143,720.16. This trade represents a 21.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 51,457 shares of company stock valued at $11,149,636. 0.37% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TMUS. Daiwa Capital Markets cut their price objective on shares of T-Mobile US from $240.00 to $230.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 28th. TD Cowen reaffirmed a “buy” rating on shares of T-Mobile US in a research note on Friday, October 24th. The Goldman Sachs Group decreased their price objective on shares of T-Mobile US from $287.00 to $251.00 and set a “buy” rating for the company in a report on Friday, December 12th. Oppenheimer downgraded T-Mobile US from an “outperform” rating to a “market perform” rating in a research report on Friday, November 21st. Finally, HSBC upgraded T-Mobile US from a “hold” rating to a “buy” rating and set a $285.00 price objective for the company in a research note on Friday, October 24th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $255.58.

T-Mobile US Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.