Princeton Global Asset Management LLC Acquires 4,727 Shares of T-Mobile US, Inc. $TMUS

Princeton Global Asset Management LLC raised its holdings in T-Mobile US, Inc. (NASDAQ:TMUSFree Report) by 26.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,368 shares of the Wireless communications provider’s stock after purchasing an additional 4,727 shares during the quarter. Princeton Global Asset Management LLC’s holdings in T-Mobile US were worth $4,698,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Norges Bank bought a new position in shares of T-Mobile US in the fourth quarter valued at about $1,335,918,000. Price T Rowe Associates Inc. MD grew its holdings in T-Mobile US by 30.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 27,795,065 shares of the Wireless communications provider’s stock worth $5,643,511,000 after acquiring an additional 6,516,968 shares during the last quarter. Wellington Management Group LLP grew its holdings in T-Mobile US by 47.5% during the 3rd quarter. Wellington Management Group LLP now owns 13,461,669 shares of the Wireless communications provider’s stock worth $3,222,454,000 after acquiring an additional 4,335,368 shares during the last quarter. Dodge & Cox increased its position in T-Mobile US by 65.2% in the 4th quarter. Dodge & Cox now owns 6,185,972 shares of the Wireless communications provider’s stock valued at $1,256,000,000 after acquiring an additional 2,442,450 shares in the last quarter. Finally, Viking Global Investors LP increased its position in T-Mobile US by 81.7% in the 2nd quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider’s stock valued at $677,925,000 after acquiring an additional 1,279,422 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insiders Place Their Bets

In other T-Mobile US news, insider Andre Almeida bought 5,097 shares of the stock in a transaction on Friday, May 1st. The stock was purchased at an average price of $196.18 per share, with a total value of $999,929.46. Following the acquisition, the insider owned 44,850 shares of the company’s stock, valued at approximately $8,798,673. The trade was a 12.82% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael J. Katz sold 5,000 shares of the company’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $195.81, for a total transaction of $979,050.00. Following the sale, the insider owned 181,930 shares of the company’s stock, valued at $35,623,713.30. The trade was a 2.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.32% of the company’s stock.

T-Mobile US News Summary

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

T-Mobile US Stock Performance

T-Mobile US stock opened at $182.68 on Monday. The company has a market cap of $197.70 billion, a PE ratio of 19.43, a PEG ratio of 1.06 and a beta of 0.31. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.58. T-Mobile US, Inc. has a 1 year low of $174.02 and a 1 year high of $261.56. The company’s 50-day moving average is $188.24 and its two-hundred day moving average is $197.89.

T-Mobile US (NASDAQ:TMUSGet Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 EPS for the quarter, topping the consensus estimate of $2.01 by $0.26. The company had revenue of $23.11 billion during the quarter, compared to analysts’ expectations of $22.98 billion. T-Mobile US had a net margin of 11.65% and a return on equity of 19.47%. T-Mobile US’s revenue was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.58 EPS. Equities analysts anticipate that T-Mobile US, Inc. will post 10.65 earnings per share for the current year.

T-Mobile US Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 28th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $4.08 dividend on an annualized basis and a yield of 2.2%. T-Mobile US’s dividend payout ratio (DPR) is presently 43.40%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on TMUS shares. Sanford C. Bernstein reiterated a “neutral” rating on shares of T-Mobile US in a research report on Wednesday, April 22nd. Wall Street Zen raised shares of T-Mobile US from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. JPMorgan Chase & Co. restated a “buy” rating on shares of T-Mobile US in a research report on Tuesday, May 19th. Morgan Stanley started coverage on T-Mobile US in a report on Thursday, April 16th. They set an “overweight” rating and a $260.00 price objective on the stock. Finally, Barclays reiterated a “buy” rating on shares of T-Mobile US in a research report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, T-Mobile US currently has an average rating of “Moderate Buy” and an average price target of $260.27.

Get Our Latest Analysis on T-Mobile US

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.

Featured Stories

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

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