Great Lakes Advisors LLC Has $18.26 Million Stock Position in T-Mobile US, Inc. $TMUS

Great Lakes Advisors LLC raised its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 28.0% during the fourth quarter, Holdings Channel reports. The firm owned 89,925 shares of the Wireless communications provider’s stock after purchasing an additional 19,652 shares during the period. Great Lakes Advisors LLC’s holdings in T-Mobile US were worth $18,259,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TMUS. Sei Investments Co. lifted its position in shares of T-Mobile US by 6.3% in the 2nd quarter. Sei Investments Co. now owns 142,587 shares of the Wireless communications provider’s stock worth $33,972,000 after purchasing an additional 8,491 shares during the period. Diversify Advisory Services LLC lifted its position in shares of T-Mobile US by 315.7% in the 2nd quarter. Diversify Advisory Services LLC now owns 4,548 shares of the Wireless communications provider’s stock worth $1,147,000 after purchasing an additional 3,454 shares during the period. Darwin Wealth Management LLC acquired a new position in shares of T-Mobile US in the 2nd quarter worth approximately $375,000. Raymond James Financial Inc. lifted its position in shares of T-Mobile US by 0.5% in the 2nd quarter. Raymond James Financial Inc. now owns 2,054,144 shares of the Wireless communications provider’s stock worth $489,420,000 after purchasing an additional 9,568 shares during the period. Finally, Viking Global Investors LP lifted its position in shares of T-Mobile US by 81.7% in the 2nd quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider’s stock worth $677,925,000 after purchasing an additional 1,279,422 shares during the period. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insider Activity at T-Mobile US

In other T-Mobile US news, insider Andre Almeida acquired 5,097 shares of the company’s stock in a transaction on Friday, May 1st. The shares were purchased at an average cost of $196.18 per share, with a total value of $999,929.46. Following the completion of the purchase, the insider owned 44,850 shares of the company’s stock, valued at approximately $8,798,673. This represents a 12.82% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael J. Katz sold 5,000 shares of T-Mobile US stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $195.81, for a total transaction of $979,050.00. Following the transaction, the insider owned 181,930 shares of the company’s stock, valued at $35,623,713.30. This represents a 2.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.32% of the stock is owned by corporate insiders.

Analyst Ratings Changes

TMUS has been the topic of a number of recent analyst reports. Morgan Stanley initiated coverage on shares of T-Mobile US in a research report on Thursday, April 16th. They issued an “overweight” rating and a $260.00 price target on the stock. Wall Street Zen upgraded shares of T-Mobile US from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. UBS Group restated a “buy” rating on shares of T-Mobile US in a research report on Wednesday, April 29th. Royal Bank Of Canada dropped their price target on shares of T-Mobile US from $255.00 to $240.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 29th. Finally, Daiwa Securities Group upgraded shares of T-Mobile US from a “neutral” rating to an “outperform” rating and set a $240.00 target price on the stock in a research report on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, T-Mobile US presently has an average rating of “Moderate Buy” and an average target price of $260.48.

T-Mobile US Stock Up 0.1%

T-Mobile US stock opened at $185.82 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.58. T-Mobile US, Inc. has a 12-month low of $174.02 and a 12-month high of $261.56. The firm’s fifty day moving average is $191.30 and its 200 day moving average is $199.77. The company has a market capitalization of $201.09 billion, a PE ratio of 19.77, a PEG ratio of 1.08 and a beta of 0.31.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.01 by $0.26. T-Mobile US had a net margin of 11.65% and a return on equity of 19.47%. The company had revenue of $23.11 billion for the quarter, compared to the consensus estimate of $22.98 billion. During the same quarter in the previous year, the company earned $2.58 EPS. T-Mobile US’s quarterly revenue was up 10.6% compared to the same quarter last year. As a group, sell-side analysts predict that T-Mobile US, Inc. will post 10.65 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Friday, May 29th were given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Friday, May 29th. T-Mobile US’s payout ratio is presently 43.40%.

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.