Principal Financial Group Inc. Grows Position in T-Mobile US, Inc. $TMUS

Principal Financial Group Inc. grew its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 2.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,852,078 shares of the Wireless communications provider’s stock after purchasing an additional 51,304 shares during the period. Principal Financial Group Inc.’s holdings in T-Mobile US were worth $443,348,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Weaver Capital Management LLC increased its position in shares of T-Mobile US by 0.6% in the second quarter. Weaver Capital Management LLC now owns 6,737 shares of the Wireless communications provider’s stock worth $1,605,000 after acquiring an additional 42 shares in the last quarter. Haven Private LLC boosted its position in T-Mobile US by 1.3% during the 2nd quarter. Haven Private LLC now owns 3,186 shares of the Wireless communications provider’s stock worth $759,000 after purchasing an additional 42 shares during the period. Richardson Financial Services Inc. increased its holdings in T-Mobile US by 0.9% in the 2nd quarter. Richardson Financial Services Inc. now owns 4,899 shares of the Wireless communications provider’s stock valued at $1,183,000 after purchasing an additional 45 shares in the last quarter. Cetera Trust Company N.A increased its holdings in T-Mobile US by 0.4% in the 2nd quarter. Cetera Trust Company N.A now owns 12,018 shares of the Wireless communications provider’s stock valued at $2,863,000 after purchasing an additional 45 shares in the last quarter. Finally, L2 Asset Management LLC raised its position in T-Mobile US by 2.2% in the second quarter. L2 Asset Management LLC now owns 2,082 shares of the Wireless communications provider’s stock valued at $496,000 after purchasing an additional 45 shares during the period. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Stock Performance

Shares of T-Mobile US stock opened at $197.21 on Friday. The firm has a market cap of $220.58 billion, a PE ratio of 18.96, a price-to-earnings-growth 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. The firm’s 50-day simple moving average is $197.76 and its 200-day simple moving average is $221.02. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.80 and a current ratio of 0.89.

T-Mobile US Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TMUS. Hsbc Global Res raised T-Mobile US from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 24th. Morgan Stanley decreased their price target on T-Mobile US from $280.00 to $260.00 and set an “overweight” rating for the company in a report on Wednesday, December 10th. Barclays reiterated a “buy” rating on shares of T-Mobile US in a research note on Tuesday, January 13th. JPMorgan Chase & Co. restated a “buy” rating on shares of T-Mobile US in a research note on Monday, December 15th. Finally, Wells Fargo & Company lowered their price target on shares of T-Mobile US from $260.00 to $225.00 and set an “overweight” rating for the company in a report on Monday, January 26th. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and thirteen have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $255.58.

Insider Transactions at T-Mobile US

In other T-Mobile US news, insider Michael J. Katz sold 2,500 shares of T-Mobile US stock in a transaction on Monday, November 17th. The shares were sold at an average price of $215.91, for a total value of $539,775.00. Following the completion of the transaction, the insider owned 156,203 shares of the company’s stock, valued at $33,725,789.73. The trade was a 1.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Letitia A. Long sold 1,457 shares of the stock in a transaction on 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 directly owned 5,438 shares in the company, 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. Over the last ninety days, insiders have sold 51,457 shares of company stock valued at $11,149,636. Company insiders own 0.37% of the company’s stock.

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.