T-Mobile US, Inc. (NASDAQ:TMUS) Stock Holdings Increased by Centre Asset Management LLC

Centre Asset Management LLC lifted its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 7.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,489 shares of the Wireless communications provider’s stock after acquiring an additional 522 shares during the period. Centre Asset Management LLC’s holdings in T-Mobile US were worth $1,653,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. GAMMA Investing LLC lifted its position in shares of T-Mobile US by 12.0% during the 4th quarter. GAMMA Investing LLC now owns 10,390 shares of the Wireless communications provider’s stock valued at $2,293,000 after acquiring an additional 1,114 shares during the last quarter. Versant Capital Management Inc raised its position in shares of T-Mobile US by 21.1% during the fourth quarter. Versant Capital Management Inc now owns 368 shares of the Wireless communications provider’s stock worth $81,000 after purchasing an additional 64 shares during the period. Inspire Trust Co. N.A. lifted its holdings in shares of T-Mobile US by 9.8% during the third quarter. Inspire Trust Co. N.A. now owns 11,512 shares of the Wireless communications provider’s stock valued at $2,376,000 after purchasing an additional 1,026 shares during the last quarter. Old North State Trust LLC boosted its position in shares of T-Mobile US by 1.4% in the 3rd quarter. Old North State Trust LLC now owns 3,637 shares of the Wireless communications provider’s stock valued at $751,000 after purchasing an additional 50 shares during the period. Finally, Franklin Resources Inc. increased its stake in T-Mobile US by 9.9% in the 3rd quarter. Franklin Resources Inc. now owns 6,553,703 shares of the Wireless communications provider’s stock worth $1,448,426,000 after purchasing an additional 590,711 shares in the last quarter. Institutional investors own 42.49% of the company’s stock.

Insider Buying and Selling

In other news, EVP Mark Wolfe Nelson sold 42,769 shares of the stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $216.26, for a total value of $9,249,223.94. Following the completion of the sale, the executive vice president now owns 61,871 shares of the company’s stock, valued at approximately $13,380,222.46. This represents a 40.87 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Srikant M. Datar sold 1,000 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $247.19, for a total transaction of $247,190.00. Following the transaction, the director now owns 5,021 shares in the company, valued at approximately $1,241,140.99. The trade was a 16.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 206,969 shares of company stock worth $46,656,527. 0.67% of the stock is owned by corporate insiders.

T-Mobile US Trading Up 0.4 %

T-Mobile US stock traded up $0.86 during midday trading on Friday, hitting $220.39. 295,872 shares of the stock were exchanged, compared to its average volume of 1,553,107. The stock has a market capitalization of $255.76 billion, a PE ratio of 25.13, a P/E/G ratio of 1.18 and a beta of 0.53. The company has a fifty day simple moving average of $231.67 and a two-hundred day simple moving average of $207.39. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. T-Mobile US, Inc. has a 52 week low of $158.84 and a 52 week high of $248.15.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, beating analysts’ consensus estimates of $2.32 by $0.29. The business had revenue of $20.16 billion during the quarter, compared to analysts’ expectations of $20.01 billion. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.82 EPS. Equities research analysts anticipate that T-Mobile US, Inc. will post 9.38 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Friday, February 28th will be issued a $0.88 dividend. The ex-dividend date is Friday, February 28th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.60%. T-Mobile US’s dividend payout ratio (DPR) is 40.14%.

Analyst Ratings Changes

TMUS has been the subject of several recent research reports. Sanford C. Bernstein started coverage on T-Mobile US in a report on Tuesday, December 10th. They set a “market perform” rating and a $265.00 price objective for the company. Evercore ISI boosted their price target on T-Mobile US from $220.00 to $240.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Daiwa America upgraded T-Mobile US to a “hold” rating in a report on Friday, October 25th. Royal Bank of Canada lifted their target price on shares of T-Mobile US from $232.00 to $255.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Finally, Wells Fargo & Company increased their price target on shares of T-Mobile US from $230.00 to $240.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Five research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, T-Mobile US has an average rating of “Moderate Buy” and an average target price of $247.58.

About T-Mobile US

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.