Garde Capital Inc. grew its stake in T-Mobile US, Inc. (NASDAQ:TMUS – Free Report) by 21.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,918 shares of the Wireless communications provider’s stock after acquiring an additional 3,558 shares during the quarter. Garde Capital Inc.’s holdings in T-Mobile US were worth $4,044,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. increased its position in shares of T-Mobile US by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 42,797,074 shares of the Wireless communications provider’s stock worth $10,244,764,000 after purchasing an additional 636,192 shares during the last quarter. State Street Corp increased its position in shares of T-Mobile US by 4.7% during the 3rd quarter. State Street Corp now owns 24,234,085 shares of the Wireless communications provider’s stock worth $5,801,155,000 after purchasing an additional 1,092,769 shares during the last quarter. Capital International Investors increased its position in shares of T-Mobile US by 5.5% during the 3rd quarter. Capital International Investors now owns 13,726,288 shares of the Wireless communications provider’s stock worth $3,285,608,000 after purchasing an additional 711,278 shares during the last quarter. Wellington Management Group LLP increased its position in shares of T-Mobile US by 47.5% during the 3rd quarter. Wellington Management Group LLP now owns 13,461,669 shares of the Wireless communications provider’s stock worth $3,222,454,000 after purchasing an additional 4,335,368 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of T-Mobile US by 6.1% during the 3rd quarter. Invesco Ltd. now owns 7,903,104 shares of the Wireless communications provider’s stock worth $1,891,845,000 after purchasing an additional 453,096 shares during the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.
T-Mobile US Stock Performance
Shares of TMUS opened at $189.01 on Friday. The stock has a 50-day simple moving average of $196.71 and a 200-day simple moving average of $201.83. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.97 and a current ratio of 1.09. The stock has a market capitalization of $204.55 billion, a PE ratio of 20.11, a PEG ratio of 1.11 and a beta of 0.33. T-Mobile US, Inc. has a 1 year low of $181.36 and a 1 year high of $261.56.
T-Mobile US Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 29th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Friday, May 29th. T-Mobile US’s dividend payout ratio (DPR) is presently 43.40%.
Insider Buying and Selling
In other news, Director Srikant M. Datar sold 3,291 shares of T-Mobile US stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $221.10, for a total value of $727,640.10. Following the completion of the transaction, the director owned 1,038 shares in the company, valued at approximately $229,501.80. This trade represents a 76.02% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Jon Freier sold 4,799 shares of T-Mobile US stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $190.00, for a total value of $911,810.00. Following the completion of the transaction, the chief operating officer owned 217,168 shares of the company’s stock, valued at $41,261,920. The trade was a 2.16% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 13,090 shares of company stock worth $2,618,500. 0.37% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on the company. Sanford C. Bernstein reissued a “neutral” rating on shares of T-Mobile US in a research report on Wednesday, April 22nd. The Goldman Sachs Group reissued a “buy” rating on shares of T-Mobile US in a research report on Wednesday, April 29th. KeyCorp raised T-Mobile US from a “sector weight” rating to an “overweight” rating and set a $260.00 price objective for the company in a research report on Monday, April 13th. Moffett Nathanson raised T-Mobile US from a “neutral” rating to a “buy” rating and set a $254.00 price objective for the company in a research report on Wednesday, April 8th. Finally, Arete Research raised their target price on T-Mobile US from $295.00 to $300.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $260.48.
Check Out Our Latest Research Report on TMUS
T-Mobile US News Roundup
Here are the key news stories impacting T-Mobile US this week:
- Positive Sentiment: T-Mobile announced a multi-year partnership with the USGA, making it the Official 5G Network Partner for major championships and showcasing its network capabilities. T-Mobile Brings America’s Best Network to the USGA
- Neutral Sentiment: An industry article suggested T-Mobile’s joint venture with AT&T and Verizon to improve direct-to-device coverage could also create opportunities for AST SpaceMobile, but the impact on TMUS itself appears indirect. AST SpaceMobile Could Benefit From A Major Telecom Industry Initiative
- Negative Sentiment: Reports about store closures, layoffs, and a controversial internal memo may reinforce concerns that T-Mobile’s digital-first transition could pressure customer service or create execution risk. T-Mobile quietly makes significant store changes after layoffs
- Negative Sentiment: Insider selling by COO Jon Freier, while pre-planned under a 10b5-1 program, can still weigh on sentiment in the near term. T-Mobile US COO Sells $911,810.00 in Stock
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.
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