Karras Company Inc. Acquires New Stake in T-Mobile US, Inc. $TMUS

Karras Company Inc. acquired a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 7,121 shares of the Wireless communications provider’s stock, valued at approximately $1,446,000. T-Mobile US makes up 1.4% of Karras Company Inc.’s holdings, making the stock its 17th largest holding.

Several other large investors also recently added to or reduced their stakes in TMUS. Mirae Asset Global Investments Co. Ltd. raised its position in T-Mobile US by 4.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 450,679 shares of the Wireless communications provider’s stock valued at $107,884,000 after purchasing an additional 19,486 shares in the last quarter. Quilter Plc raised its position in T-Mobile US by 7.8% during the fourth quarter. Quilter Plc now owns 465,838 shares of the Wireless communications provider’s stock valued at $94,584,000 after purchasing an additional 33,813 shares in the last quarter. Varma Mutual Pension Insurance Co raised its position in T-Mobile US by 8.8% during the third quarter. Varma Mutual Pension Insurance Co now owns 82,917 shares of the Wireless communications provider’s stock valued at $19,849,000 after purchasing an additional 6,700 shares in the last quarter. Longbow Finance SA raised its position in T-Mobile US by 22.2% during the third quarter. Longbow Finance SA now owns 31,948 shares of the Wireless communications provider’s stock valued at $7,648,000 after purchasing an additional 5,805 shares in the last quarter. Finally, CI Investments Inc. raised its position in T-Mobile US by 37.8% during the third quarter. CI Investments Inc. now owns 77,630 shares of the Wireless communications provider’s stock valued at $18,583,000 after purchasing an additional 21,307 shares in the last quarter. Institutional investors own 42.49% of the company’s stock.

Insider Transactions at T-Mobile US

In other news, insider Michael J. Katz sold 5,000 shares of T-Mobile US stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $195.81, for a total value of $979,050.00. Following the transaction, the insider owned 181,930 shares in the company, valued at approximately $35,623,713.30. The trade was a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Andre Almeida purchased 5,097 shares of T-Mobile US stock in a transaction that occurred on Friday, May 1st. The shares were acquired at an average price of $196.18 per share, for a total transaction of $999,929.46. Following the acquisition, the insider owned 44,850 shares in the company, valued at $8,798,673. This trade represents a 12.82% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have sold 25,620 shares of company stock valued at $5,527,602. 0.37% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

TMUS has been the topic of a number of research reports. Arete Research raised their price target on T-Mobile US from $295.00 to $300.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Benchmark restated a “buy” rating on shares of T-Mobile US in a research report on Thursday, February 12th. Wall Street Zen upgraded T-Mobile US from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. TD Cowen lifted their price objective on T-Mobile US from $252.00 to $261.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Finally, Morgan Stanley assumed coverage on T-Mobile US in a report on Thursday, April 16th. They issued an “overweight” rating and a $260.00 price objective on the stock. 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, T-Mobile US has a consensus rating of “Moderate Buy” and a consensus price target of $260.48.

T-Mobile US Stock Up 0.3%

TMUS opened at $191.47 on Friday. The company has a market cap of $207.21 billion, a P/E ratio of 20.37, a P/E/G ratio of 1.11 and a beta of 0.33. The business’s 50-day moving average price is $198.67 and its 200-day moving average price is $202.24. 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 12 month low of $181.36 and a 12 month high of $261.56.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data 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 firm had revenue of $23.11 billion for the quarter, compared to the consensus estimate of $22.98 billion. T-Mobile US had a return on equity of 19.47% and a net margin of 11.65%.The company’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.58 earnings per share. On average, equities analysts expect that T-Mobile US, Inc. will post 10.65 EPS for the current year.

T-Mobile US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 29th will be issued a $1.02 dividend. The ex-dividend date is Friday, May 29th. This represents a $4.08 annualized dividend and a dividend yield of 2.1%. T-Mobile US’s payout ratio is currently 43.40%.

About T-Mobile US

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.