ICICI Prudential Asset Management Co Ltd Buys 3,053 Shares of T-Mobile US, Inc. $TMUS

ICICI Prudential Asset Management Co Ltd increased its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 21.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,283 shares of the Wireless communications provider’s stock after purchasing an additional 3,053 shares during the quarter. ICICI Prudential Asset Management Co Ltd’s holdings in T-Mobile US were worth $4,137,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Howard Hughes Medical Institute bought a new position in shares of T-Mobile US during the 2nd quarter worth $25,000. United Community Bank lifted its stake in T-Mobile US by 131.1% in the third quarter. United Community Bank now owns 104 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 59 shares during the period. Elevation Wealth Partners LLC lifted its stake in T-Mobile US by 190.0% in the third quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 76 shares during the period. Aspect Partners LLC grew its holdings in T-Mobile US by 112.1% during the 2nd quarter. Aspect Partners LLC now owns 123 shares of the Wireless communications provider’s stock worth $29,000 after acquiring an additional 65 shares in the last quarter. Finally, CoreFirst Bank & Trust purchased a new position in T-Mobile US during the 2nd quarter valued at about $31,000. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Letitia A. Long sold 1,457 shares of the business’s stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $210.32, for a total transaction of $306,436.24. Following the sale, the director owned 5,438 shares in the company, valued at approximately $1,143,720.16. The trade was a 21.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Peter Osvaldik sold 27,000 shares of the stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $214.86, for a total value of $5,801,220.00. Following the completion of the transaction, the chief financial officer directly owned 51,573 shares in the company, valued at $11,080,974.78. This represents a 34.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 594,971 shares of company stock valued at $129,410,483 in the last quarter. Insiders own 0.37% of the company’s stock.

T-Mobile US Stock Up 1.0%

NASDAQ:TMUS opened at $215.30 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.45. T-Mobile US, Inc. has a twelve month low of $181.36 and a twelve month high of $276.49. The company has a market cap of $237.23 billion, a PE ratio of 22.17, a P/E/G ratio of 1.36 and a beta of 0.44. The company’s 50 day moving average is $198.28 and its two-hundred day moving average is $218.33.

T-Mobile US Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Friday, February 27th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.9%. T-Mobile US’s payout ratio is 42.02%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on TMUS. Weiss Ratings downgraded shares of T-Mobile US from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. The Goldman Sachs Group upped their target price on T-Mobile US from $233.00 to $254.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. Morgan Stanley dropped their target price on T-Mobile US from $280.00 to $260.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 10th. Barclays boosted their target price on shares of T-Mobile US from $240.00 to $245.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. Finally, Sanford C. Bernstein restated a “neutral” rating on shares of T-Mobile US in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $257.09.

T-Mobile US Company 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.