Paradigm Asset Management Co. LLC Takes Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Paradigm Asset Management Co. LLC acquired a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 13,800 shares of the Wireless communications provider’s stock, valued at approximately $3,046,000. T-Mobile US accounts for about 0.8% of Paradigm Asset Management Co. LLC’s investment portfolio, making the stock its 22nd biggest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Barclays PLC raised its holdings in T-Mobile US by 38.3% in the third quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock valued at $653,160,000 after acquiring an additional 876,182 shares in the last quarter. International Assets Investment Management LLC raised its holdings in T-Mobile US by 21,580.9% in the third quarter. International Assets Investment Management LLC now owns 249,981 shares of the Wireless communications provider’s stock valued at $51,586,000 after acquiring an additional 248,828 shares in the last quarter. Gladstone Institutional Advisory LLC acquired a new stake in T-Mobile US in the fourth quarter valued at approximately $1,552,000. Trust Co. of Vermont raised its holdings in T-Mobile US by 11.9% in the fourth quarter. Trust Co. of Vermont now owns 26,972 shares of the Wireless communications provider’s stock valued at $5,954,000 after acquiring an additional 2,865 shares in the last quarter. Finally, Swedbank AB raised its holdings in T-Mobile US by 5.1% during the third quarter. Swedbank AB now owns 255,044 shares of the Wireless communications provider’s stock worth $52,631,000 after purchasing an additional 12,411 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Wall Street Analyst Weigh In

TMUS has been the topic of a number of research analyst reports. Tigress Financial raised their price objective on shares of T-Mobile US from $280.00 to $290.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Barclays raised their price objective on shares of T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Sanford C. Bernstein started coverage on shares of T-Mobile US in a report on Tuesday, December 10th. They issued a “market perform” rating and a $265.00 target price on the stock. Evercore ISI raised shares of T-Mobile US to a “strong-buy” rating in a report on Thursday, January 23rd. Finally, Bank of America lifted their target price on shares of T-Mobile US from $240.00 to $255.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Seven research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $251.79.

Insider Transactions at T-Mobile US

In other news, Director Srikant M. Datar sold 1,000 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $247.19, for a total transaction of $247,190.00. Following the completion of the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Letitia A. Long sold 1,100 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $231.08, for a total value of $254,188.00. Following the sale, the director now owns 5,653 shares of the company’s stock, valued at $1,306,295.24. The trade was a 16.29 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,100 shares of company stock worth $747,378. 0.67% of the stock is currently owned by company insiders.

T-Mobile US Price Performance

T-Mobile US stock opened at $265.40 on Friday. T-Mobile US, Inc. has a 52 week low of $158.84 and a 52 week high of $271.41. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. The firm’s 50-day simple moving average is $230.32 and its 200 day simple moving average is $220.66. The firm has a market capitalization of $303.02 billion, a PE ratio of 27.45, a P/E/G ratio of 1.53 and a beta of 0.56.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. On average, equities research analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US’s payout ratio is currently 36.40%.

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.