T-Mobile US, Inc. $TMUS Stake Lifted by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC boosted its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 136.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 84,163 shares of the Wireless communications provider’s stock after purchasing an additional 48,534 shares during the period. Exchange Traded Concepts LLC’s holdings in T-Mobile US were worth $17,088,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of T-Mobile US by 4.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 450,679 shares of the Wireless communications provider’s stock valued at $107,884,000 after purchasing an additional 19,486 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in T-Mobile US by 7.8% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 204,754 shares of the Wireless communications provider’s stock worth $49,014,000 after purchasing an additional 14,800 shares during the period. Varma Mutual Pension Insurance Co grew its position in T-Mobile US by 8.8% in the 3rd quarter. Varma Mutual Pension Insurance Co now owns 82,917 shares of the Wireless communications provider’s stock valued at $19,849,000 after buying an additional 6,700 shares in the last quarter. CI Investments Inc. increased its stake in T-Mobile US by 37.8% during the 3rd quarter. CI Investments Inc. now owns 77,630 shares of the Wireless communications provider’s stock valued at $18,583,000 after buying an additional 21,307 shares during the period. Finally, Longbow Finance SA increased its stake in T-Mobile US by 22.2% during the 3rd quarter. Longbow Finance SA now owns 31,948 shares of the Wireless communications provider’s stock valued at $7,648,000 after buying an additional 5,805 shares during the period. 42.49% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Wall Street Zen lowered shares of T-Mobile US from a “hold” rating to a “sell” rating in a research note on Saturday, March 14th. Sanford C. Bernstein reissued a “neutral” rating on shares of T-Mobile US in a report on Thursday, February 19th. UBS Group restated a “buy” rating on shares of T-Mobile US in a research report on Thursday, February 12th. Benchmark reaffirmed a “buy” rating on shares of T-Mobile US in a research note on Thursday, February 12th. Finally, KeyCorp raised T-Mobile US from an “underweight” rating to a “sector weight” rating in a research note on Tuesday, December 2nd. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $257.30.

T-Mobile US Trading Down 0.4%

NASDAQ TMUS opened at $210.82 on Friday. The firm’s 50 day moving average price is $207.20 and its two-hundred day moving average price is $211.70. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.90 and a current ratio of 1.00. T-Mobile US, Inc. has a twelve month low of $181.36 and a twelve month high of $272.60. The stock has a market cap of $232.29 billion, a price-to-earnings ratio of 21.71, a PEG ratio of 1.38 and a beta of 0.43.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 29th will be issued a dividend of $1.02 per share. The ex-dividend date is Friday, May 29th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.9%. T-Mobile US’s payout ratio is currently 42.02%.

Insider Activity

In related news, insider Mark Wolfe Nelson sold 10,240 shares of the stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $220.80, for a total value of $2,260,992.00. Following the completion of the sale, the insider directly owned 74,280 shares of the company’s stock, valued at approximately $16,401,024. This represents a 12.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Raul Marcelo Claure sold 550,000 shares of the firm’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $217.57, for a total value of $119,663,500.00. Following the sale, the director owned 891,204 shares of the company’s stock, valued at $193,899,254.28. The trade was a 38.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 694,134 shares of company stock valued at $150,847,799 in the last ninety days. Corporate insiders own 0.37% of the company’s stock.

About T-Mobile US

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.