5,392 Shares in T-Mobile US, Inc. $TMUS Bought by HBK Sorce Advisory LLC

HBK Sorce Advisory LLC bought a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,392 shares of the Wireless communications provider’s stock, valued at approximately $1,222,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank purchased a new stake in shares of T-Mobile US during the 2nd quarter valued at about $1,477,780,000. Marshall Wace LLP grew its position in T-Mobile US by 2,303.2% during the second quarter. Marshall Wace LLP now owns 1,797,086 shares of the Wireless communications provider’s stock valued at $428,174,000 after buying an additional 1,878,654 shares during the period. Viking Global Investors LP increased its holdings in T-Mobile US by 81.7% during the second quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider’s stock valued at $677,925,000 after buying an additional 1,279,422 shares during the last quarter. Assenagon Asset Management S.A. raised its position in T-Mobile US by 518.8% in the second quarter. Assenagon Asset Management S.A. now owns 1,383,922 shares of the Wireless communications provider’s stock worth $329,733,000 after acquiring an additional 1,160,275 shares during the period. Finally, State Street Corp raised its position in T-Mobile US by 4.5% in the second quarter. State Street Corp now owns 23,141,316 shares of the Wireless communications provider’s stock worth $5,513,650,000 after acquiring an additional 994,740 shares during the period. 42.49% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Stock Performance

NASDAQ:TMUS opened at $203.15 on Tuesday. The stock has a 50-day moving average price of $207.43 and a 200 day moving average price of $227.37. The stock has a market capitalization of $227.23 billion, a P/E ratio of 19.53, a P/E/G ratio of 1.31 and a beta of 0.44. T-Mobile US, Inc. has a 12-month low of $194.01 and a 12-month high of $276.49. The company has a current ratio of 0.89, a quick ratio of 0.80 and a debt-to-equity ratio of 1.37.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.40 by $0.01. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The business had revenue of $21.96 billion during the quarter, compared to the consensus estimate of $21.61 billion. During the same period in the prior year, the company posted $2.61 EPS. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. Equities research analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Friday, February 27th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, February 27th. T-Mobile US’s dividend payout ratio (DPR) is presently 39.23%.

Insider Buying and Selling

In related news, CEO Srini Gopalan purchased 9,800 shares of the firm’s stock in a transaction on Thursday, November 6th. The shares were acquired at an average price of $201.82 per share, for a total transaction of $1,977,836.00. Following the purchase, the chief executive officer directly owned 90,258 shares in the company, valued at $18,215,869.56. This trade represents a 12.18% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Telekom Ag Deutsche sold 1,374 shares of the stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $220.46, for a total transaction of $302,912.04. Following the transaction, the director directly owned 582,065,875 shares of the company’s stock, valued at $128,322,242,802.50. This trade represents a 0.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 786,175 shares of company stock worth $177,235,831 in the last 90 days. 0.37% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

TMUS has been the subject of several analyst reports. Wells Fargo & Company upgraded T-Mobile US from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $250.00 to $260.00 in a research note on Thursday, October 16th. Argus reduced their price target on T-Mobile US from $275.00 to $245.00 and set a “buy” rating for the company in a research report on Tuesday, December 9th. Cowen reaffirmed a “buy” rating on shares of T-Mobile US in a research note on Friday, October 24th. BNP Paribas Exane boosted their price objective on T-Mobile US from $290.00 to $305.00 and gave the company an “outperform” rating in a research note on Monday, October 6th. Finally, Sanford C. Bernstein reissued a “neutral” rating on shares of T-Mobile US in a report on Monday, December 22nd. Three analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $260.17.

T-Mobile US 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.