T-Mobile US, Inc. $TMUS Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp boosted its holdings in T-Mobile US, Inc. (NASDAQ:TMUSFree Report) by 14.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,258,329 shares of the Wireless communications provider’s stock after purchasing an additional 681,936 shares during the quarter. Bank of New York Mellon Corp’s holdings in T-Mobile US were worth $1,067,651,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of T-Mobile US by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 42,797,074 shares of the Wireless communications provider’s stock worth $10,244,764,000 after buying an additional 636,192 shares during the last quarter. State Street Corp grew its position in shares of T-Mobile US by 4.7% in the 3rd quarter. State Street Corp now owns 24,234,085 shares of the Wireless communications provider’s stock valued at $5,801,155,000 after buying an additional 1,092,769 shares during the last quarter. Capital International Investors raised its stake in T-Mobile US by 5.5% during the 3rd quarter. Capital International Investors now owns 13,726,288 shares of the Wireless communications provider’s stock worth $3,285,608,000 after acquiring an additional 711,278 shares in the last quarter. Wellington Management Group LLP lifted its position in T-Mobile US by 47.5% in the third quarter. Wellington Management Group LLP now owns 13,461,669 shares of the Wireless communications provider’s stock valued at $3,222,454,000 after acquiring an additional 4,335,368 shares during the last quarter. Finally, Invesco Ltd. lifted its position in T-Mobile US by 6.1% in the third quarter. Invesco Ltd. now owns 7,903,104 shares of the Wireless communications provider’s stock valued at $1,891,845,000 after acquiring an additional 453,096 shares during the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

T-Mobile US Stock Performance

Shares of TMUS stock opened at $188.83 on Wednesday. The stock’s 50-day moving average price is $195.94 and its 200 day moving average price is $201.52. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.58. The stock has a market capitalization of $204.35 billion, a PE ratio of 20.09, a price-to-earnings-growth ratio of 1.09 and a beta of 0.31. T-Mobile US, Inc. has a 52-week low of $181.36 and a 52-week high of $261.56.

T-Mobile US (NASDAQ:TMUSGet Free Report) last posted its quarterly earnings data 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 return on equity of 19.47% and a net margin of 11.65%.The company had revenue of $23.11 billion during the quarter, compared to analysts’ expectations of $22.98 billion. During the same period last year, the firm earned $2.58 EPS. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. As a group, equities research analysts forecast that T-Mobile US, Inc. will post 10.65 EPS for the current year.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Friday, May 29th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $4.08 annualized dividend and a dividend yield of 2.2%. T-Mobile US’s dividend payout ratio (DPR) is currently 43.40%.

Analyst Upgrades and Downgrades

TMUS has been the topic of several research reports. UBS Group reaffirmed a “buy” rating on shares of T-Mobile US in a report on Wednesday, April 29th. Oppenheimer upgraded T-Mobile US from a “market perform” rating to an “outperform” rating and set a $260.00 price target on the stock in a research note on Wednesday, April 29th. Wells Fargo & Company lifted their price target on T-Mobile US from $225.00 to $235.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. Royal Bank Of Canada reduced their price objective on T-Mobile US from $255.00 to $240.00 and set an “outperform” rating for the company in a research note on Wednesday, April 29th. Finally, Citigroup increased their price objective on T-Mobile US from $220.00 to $225.00 and gave the company a “neutral” rating in a report on Tuesday, March 17th. One research 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 stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $260.48.

Check Out Our Latest Stock Report on T-Mobile US

Insider Activity at T-Mobile US

In other T-Mobile US news, COO Jon Freier sold 4,799 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $190.00, for a total value of $911,810.00. Following the transaction, the chief operating officer directly owned 217,168 shares of the company’s stock, valued at approximately $41,261,920. The trade was a 2.16% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Andre Almeida acquired 5,097 shares of the business’s stock in a transaction on Friday, May 1st. The shares were purchased at an average price of $196.18 per share, with a total value of $999,929.46. Following 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 position. Additional details regarding this purchase are available in the official SEC disclosure. 0.32% of the stock is currently owned by insiders.

T-Mobile US News Summary

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

T-Mobile US 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.

Further Reading

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

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