UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.01 Billion Position in T-Mobile US, Inc. $TMUS

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in T-Mobile US, Inc. (NASDAQ:TMUSFree Report) by 13.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 4,958,610 shares of the Wireless communications provider’s stock after purchasing an additional 582,964 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in T-Mobile US were worth $1,006,796,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. JDM Financial Group LLC lifted its stake in T-Mobile US by 114.0% in the fourth quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 65 shares during the last quarter. Swiss RE Ltd. acquired a new stake in T-Mobile US in the fourth quarter valued at $29,000. Turning Point Benefit Group Inc. lifted its stake in T-Mobile US by 3,825.0% in the fourth quarter. Turning Point Benefit Group Inc. now owns 157 shares of the Wireless communications provider’s stock valued at $32,000 after acquiring an additional 153 shares during the last quarter. United Community Bank raised its position in shares of T-Mobile US by 78.8% in the fourth quarter. United Community Bank now owns 186 shares of the Wireless communications provider’s stock valued at $38,000 after purchasing an additional 82 shares during the period. Finally, Ares Financial Consulting LLC bought a new position in shares of T-Mobile US in the fourth quarter valued at about $38,000. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insider Buying and Selling

In other T-Mobile US news, insider Andre Almeida purchased 5,097 shares of the stock in a transaction that occurred on Friday, May 1st. The shares were acquired at an average cost of $196.18 per share, with a total value of $999,929.46. Following the completion of the transaction, the insider owned 44,850 shares in the company, valued at $8,798,673. The trade was a 12.82% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jon Freier sold 4,799 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $190.00, for a total transaction of $911,810.00. Following the transaction, the chief operating officer directly owned 217,168 shares in the company, valued at approximately $41,261,920. This represents a 2.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.32% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Oppenheimer raised shares of T-Mobile US from a “market perform” rating to an “outperform” rating and set a $260.00 price objective on the stock in a research report on Wednesday, April 29th. Weiss Ratings reissued a “hold (c+)” rating on shares of T-Mobile US in a research report on Friday, April 10th. KeyCorp raised shares of T-Mobile US from a “sector weight” rating to an “overweight” rating and set a $260.00 price objective on the stock in a research report on Monday, April 13th. Royal Bank Of Canada dropped their price objective 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, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of T-Mobile US from $300.00 to $285.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. 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. Based on data from MarketBeat.com, T-Mobile US presently has a consensus rating of “Moderate Buy” and a consensus target price of $260.48.

Check Out Our Latest Analysis on TMUS

T-Mobile US News Summary

Here are the key news stories impacting T-Mobile US this week:

T-Mobile US Price Performance

Shares of TMUS opened at $189.10 on Friday. The firm has a market capitalization of $204.64 billion, a PE ratio of 20.12, a PEG ratio of 1.08 and a beta of 0.31. The company’s 50-day moving average is $191.00 and its 200-day moving average is $199.70. T-Mobile US, Inc. has a fifty-two week low of $174.02 and a fifty-two week high of $261.56. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.09 and a quick ratio of 0.97.

T-Mobile US (NASDAQ:TMUSGet Free Report) last released its quarterly earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 EPS for the quarter, topping 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 business had revenue of $23.11 billion for the quarter, compared to analyst estimates of $22.98 billion. During the same period last year, the firm earned $2.58 earnings per share. T-Mobile US’s revenue for the quarter was up 10.6% compared to the same quarter last year. Equities analysts forecast that T-Mobile US, Inc. will post 10.65 EPS for the current year.

T-Mobile US Dividend Announcement

The firm also recently declared 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 yield of 2.2%. The ex-dividend date of this dividend was Friday, May 29th. T-Mobile US’s dividend payout ratio (DPR) is currently 43.40%.

T-Mobile US Company Profile

(Free Report)

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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Institutional Ownership by Quarter for T-Mobile US (NASDAQ:TMUS)

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