Dearborn Partners LLC Has $24 Million Stake in T-Mobile US, Inc. $TMUS

Dearborn Partners LLC decreased its holdings in T-Mobile US, Inc. (NASDAQ:TMUSFree Report) by 10.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 118,182 shares of the Wireless communications provider’s stock after selling 14,137 shares during the period. Dearborn Partners LLC’s holdings in T-Mobile US were worth $23,996,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of TMUS. Quilter Plc raised its position in shares of T-Mobile US by 7.8% in the 4th quarter. Quilter Plc now owns 465,838 shares of the Wireless communications provider’s stock valued at $94,584,000 after buying an additional 33,813 shares in the last quarter. Varma Mutual Pension Insurance Co raised its position in shares of T-Mobile US by 8.8% in the 3rd quarter. Varma Mutual Pension Insurance Co now owns 82,917 shares of the Wireless communications provider’s stock valued at $19,849,000 after buying an additional 6,700 shares in the last quarter. Longbow Finance SA raised its position in shares of T-Mobile US by 22.2% in the 3rd quarter. Longbow Finance SA now owns 31,948 shares of the Wireless communications provider’s stock valued at $7,648,000 after buying an additional 5,805 shares in the last quarter. CI Investments Inc. increased its position in T-Mobile US by 37.8% during the 3rd quarter. CI Investments Inc. now owns 77,630 shares of the Wireless communications provider’s stock worth $18,583,000 after purchasing an additional 21,307 shares in the last quarter. Finally, Swiss National Bank increased its position in T-Mobile US by 4.6% during the 3rd quarter. Swiss National Bank now owns 1,472,902 shares of the Wireless communications provider’s stock worth $352,583,000 after purchasing an additional 65,400 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Key Headlines Impacting T-Mobile US

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

T-Mobile US Trading Up 0.6%

TMUS opened at $178.10 on Friday. 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. The firm has a market capitalization of $192.74 billion, a price-to-earnings ratio of 18.95, a PEG ratio of 1.04 and a beta of 0.31. The company’s 50 day moving average price is $193.65 and its two-hundred day moving average price is $200.69.

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

T-Mobile US Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Friday, May 29th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, May 29th. T-Mobile US’s payout ratio is presently 43.40%.

Insiders Place Their Bets

In other T-Mobile US news, COO Jon Freier sold 4,799 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $190.00, for a total transaction of $911,810.00. Following the sale, the chief operating officer directly owned 217,168 shares of the company’s stock, valued at $41,261,920. The trade was a 2.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael J. Katz sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $195.81, for a total transaction of $979,050.00. Following the sale, the insider directly owned 181,930 shares in the company, valued at $35,623,713.30. The trade was a 2.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.32% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on TMUS. Barclays reiterated a “buy” rating on shares of T-Mobile US in a research report on Friday, April 24th. Weiss Ratings reiterated a “hold (c+)” rating on shares of T-Mobile US in a research report on Friday, April 10th. Royal Bank Of Canada lowered their price objective on shares of T-Mobile US from $255.00 to $240.00 and set an “outperform” rating for the company in a research report on Wednesday, April 29th. Wells Fargo & Company upped their price objective on shares of T-Mobile US from $225.00 to $235.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. Finally, Scotiabank lowered their price objective on shares of T-Mobile US from $266.00 to $263.00 and set a “sector outperform” rating for the company in a research report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, T-Mobile US presently has an average rating of “Moderate Buy” and an average price target of $260.48.

View Our Latest Stock Report on T-Mobile US

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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