Marshall Wace LLP Has $30.06 Million Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Marshall Wace LLP raised its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 413.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 136,162 shares of the Wireless communications provider’s stock after purchasing an additional 109,662 shares during the quarter. Marshall Wace LLP’s holdings in T-Mobile US were worth $30,055,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. raised its holdings in shares of 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 valued at $408,297,000 after purchasing an additional 47,350 shares during the period. Barclays PLC lifted its position in shares of 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 buying an additional 876,182 shares during the last quarter. Passumpsic Savings Bank acquired a new position in shares of T-Mobile US during the 3rd quarter worth approximately $2,634,000. Pine Valley Investments Ltd Liability Co raised its stake in T-Mobile US by 1.3% in the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 5,498 shares of the Wireless communications provider’s stock valued at $1,135,000 after acquiring an additional 70 shares during the period. Finally, World Investment Advisors LLC bought a new position in T-Mobile US during the third quarter worth $510,000. Institutional investors own 42.49% of the company’s stock.

Analysts Set New Price Targets

TMUS has been the subject of a number of research reports. Bank of America raised their target price on shares of T-Mobile US from $240.00 to $255.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Wells Fargo & Company reissued an “equal weight” rating on shares of T-Mobile US in a report on Wednesday, February 26th. Evercore ISI raised T-Mobile US to a “strong-buy” rating in a report on Thursday, January 23rd. Benchmark restated a “buy” rating and issued a $275.00 price target on shares of T-Mobile US in a research note on Thursday, March 27th. Finally, UBS Group downgraded shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a report on Friday, March 21st. Eleven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, T-Mobile US currently has an average rating of “Moderate Buy” and an average target price of $256.80.

Insider Buying and Selling

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of the company’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total value of $191,990.00. Following the sale, the director now owns 3,291 shares in the company, valued at approximately $865,533. The trade was a 18.15 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.67% of the stock is currently owned by insiders.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $262.04 on Friday. The firm’s fifty day moving average price is $261.54 and its two-hundred day moving average price is $239.03. The stock has a market cap of $299.18 billion, a PE ratio of 27.10, a PEG ratio of 1.55 and a beta of 0.63. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. T-Mobile US, Inc. has a fifty-two week low of $160.62 and a fifty-two week high of $276.49.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results 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 return on equity of 18.09% and a net margin of 13.93%. On average, equities analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.34%. The ex-dividend date is Friday, May 30th. T-Mobile US’s payout ratio is currently 36.40%.

T-Mobile US 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.