Geode Capital Management LLC Increases Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Geode Capital Management LLC boosted its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 0.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,857,917 shares of the Wireless communications provider’s stock after purchasing an additional 90,755 shares during the period. Geode Capital Management LLC owned approximately 1.04% of T-Mobile US worth $2,610,542,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Dunhill Financial LLC boosted its holdings in T-Mobile US by 76.7% during the 3rd quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock valued at $27,000 after acquiring an additional 56 shares during the period. Rakuten Securities Inc. boosted its stake in shares of T-Mobile US by 93.9% during the fourth quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 62 shares during the period. CoreFirst Bank & Trust bought a new position in shares of T-Mobile US in the fourth quarter worth about $28,000. Financial Life Planners purchased a new position in T-Mobile US in the 4th quarter worth about $29,000. Finally, Legacy Investment Solutions LLC purchased a new position in shares of T-Mobile US during the third quarter worth approximately $34,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Trading Up 0.7 %

T-Mobile US stock opened at $266.71 on Tuesday. The stock has a 50-day moving average price of $253.88 and a 200 day moving average price of $233.59. The company has a market capitalization of $304.51 billion, a price-to-earnings ratio of 27.58, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64. T-Mobile US, Inc. has a 52 week low of $159.14 and a 52 week high of $276.49. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS 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%. Sell-side analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

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 dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.32%. The ex-dividend date is Friday, May 30th. T-Mobile US’s dividend payout ratio is currently 36.40%.

Analyst Ratings Changes

Several research firms recently weighed in on TMUS. Benchmark restated a “buy” rating and issued a $275.00 price objective on shares of T-Mobile US in a report on Thursday, March 27th. Hsbc Global Res downgraded shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. HSBC downgraded shares of T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 price objective for the company. in a research note on Wednesday, March 5th. Scotiabank increased their target price on T-Mobile US from $247.00 to $275.00 and gave the company a “sector perform” rating in a research report on Monday, March 3rd. Finally, KeyCorp downgraded shares of T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 price objective on the stock. in a research report on Thursday, December 12th. Eleven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given 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 $256.80.

Insider Activity at T-Mobile US

In other news, Director Srikant M. Datar sold 730 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total transaction of $191,990.00. Following the sale, the director now directly owns 3,291 shares in the company, valued at $865,533. This trade represents a 18.15 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.67% of the stock is owned by company insiders.

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.