Keystone Investors PTE Ltd. Takes Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Keystone Investors PTE Ltd. acquired a new stake in shares of 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 1,174 shares of the Wireless communications provider’s stock, valued at approximately $259,000.

A number of other hedge funds also recently bought and sold shares of TMUS. Principal Financial Group Inc. raised its position in T-Mobile US by 2.5% in the 3rd quarter. Principal Financial Group Inc. now owns 1,978,567 shares of the Wireless communications provider’s stock worth $408,297,000 after purchasing an additional 47,350 shares during the period. Nicolet Advisory Services LLC bought a new stake in T-Mobile US during the 3rd quarter valued at $236,000. Great Valley Advisor Group Inc. boosted its holdings in shares of T-Mobile US by 39.0% during the third quarter. Great Valley Advisor Group Inc. now owns 11,053 shares of the Wireless communications provider’s stock worth $2,281,000 after purchasing an additional 3,103 shares during the period. Cerity Partners LLC grew its stake in shares of T-Mobile US by 22.3% in the third quarter. Cerity Partners LLC now owns 117,790 shares of the Wireless communications provider’s stock worth $24,307,000 after purchasing an additional 21,487 shares during the last quarter. Finally, Swedbank AB increased its holdings in T-Mobile US by 5.1% during the 3rd quarter. Swedbank AB now owns 255,044 shares of the Wireless communications provider’s stock valued at $52,631,000 after purchasing an additional 12,411 shares during the period. Institutional investors own 42.49% of the company’s stock.

Insider Transactions at T-Mobile US

In other news, Director Srikant M. Datar sold 730 shares of the stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total value of $191,990.00. Following the completion of the sale, the director now directly owns 3,291 shares of the company’s stock, valued at $865,533. This represents a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on TMUS shares. Wells Fargo & Company restated an “equal weight” rating on shares of T-Mobile US in a report on Wednesday, February 26th. JPMorgan Chase & Co. raised their target price on shares of T-Mobile US from $265.00 to $270.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 18th. Benchmark reissued a “buy” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Barclays increased their target price on T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Finally, HSBC lowered T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 price target on the stock. in a research report on Wednesday, March 5th. Ten investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $255.80.

T-Mobile US Trading Up 1.2 %

Shares of NASDAQ:TMUS opened at $258.96 on Tuesday. T-Mobile US, Inc. has a 52-week low of $159.14 and a 52-week high of $276.49. The stock has a market capitalization of $295.67 billion, a price-to-earnings ratio of 26.78, a PEG ratio of 1.55 and a beta of 0.64. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. The stock’s 50-day simple moving average is $249.10 and its two-hundred day simple moving average is $231.22.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. Analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders of record on Friday, May 30th will be given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date is Friday, May 30th. T-Mobile US’s payout ratio is 36.40%.

T-Mobile US Company Profile

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.