T-Mobile US, Inc. $TMUS Shares Acquired by Garde Capital Inc.

Garde Capital Inc. lifted its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 21.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,918 shares of the Wireless communications provider’s stock after acquiring an additional 3,558 shares during the period. Garde Capital Inc.’s holdings in T-Mobile US were worth $4,044,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Quilter Plc increased 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 worth $94,584,000 after buying an additional 33,813 shares during the period. Varma Mutual Pension Insurance Co increased its holdings in shares of T-Mobile US by 8.8% in 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 during the period. Longbow Finance SA increased its holdings in shares of T-Mobile US by 22.2% in 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 during the period. CI Investments Inc. increased its holdings in shares of T-Mobile US by 37.8% in 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 during the period. Finally, Swiss National Bank increased its holdings in shares of T-Mobile US by 4.6% in the third quarter. Swiss National Bank now owns 1,472,902 shares of the Wireless communications provider’s stock valued at $352,583,000 after purchasing an additional 65,400 shares during the period. Institutional investors and hedge funds own 42.49% of the company’s stock.

Key T-Mobile US News

Here are the key news stories impacting T-Mobile US this week:

• Positive Sentiment: T-Mobile announced a multi-year partnership with the USGA, making it the Official 5G Network Partner for major championships and showcasing its network capabilities. T-Mobile Brings America’s Best Network to the USGA
• Neutral Sentiment: An industry article suggested T-Mobile’s joint venture with AT&T and Verizon to improve direct-to-device coverage could also create opportunities for AST SpaceMobile, but the impact on TMUS itself appears indirect. AST SpaceMobile Could Benefit From A Major Telecom Industry Initiative
• Negative Sentiment: Reports about store closures, layoffs, and a controversial internal memo may reinforce concerns that T-Mobile’s digital-first transition could pressure customer service or create execution risk. T-Mobile quietly makes significant store changes after layoffs
• Negative Sentiment: Insider selling by COO Jon Freier, while pre-planned under a 10b5-1 program, can still weigh on sentiment in the near term. T-Mobile US COO Sells $911,810.00 in Stock

T-Mobile US Stock Down 0.9%

T-Mobile US stock opened at $189.01 on Friday. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.09 and a quick ratio of 0.97. T-Mobile US, Inc. has a 1-year low of $181.36 and a 1-year high of $261.56. The company has a market cap of $204.55 billion, a PE ratio of 20.11, a price-to-earnings-growth ratio of 1.11 and a beta of 0.33. The stock’s 50 day moving average price is $196.71 and its 200 day moving average price is $201.83.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share for the quarter, beating analysts’ consensus estimates of $2.01 by $0.26. T-Mobile US had a return on equity of 19.47% and a net margin of 11.65%.The firm had revenue of $23.11 billion for the quarter, compared to the consensus estimate of $22.98 billion. During the same period in the previous year, the business earned $2.58 earnings per share. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. On average, sell-side analysts predict that T-Mobile US, Inc. will post 10.65 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Friday, May 29th will be paid a $1.02 dividend. The ex-dividend date is Friday, May 29th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.2%. T-Mobile US’s payout ratio is 43.40%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Arete Research boosted their target price on T-Mobile US from $295.00 to $300.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Daiwa Securities Group raised T-Mobile US from a “neutral” rating to an “outperform” rating and set a $240.00 target price on the stock in a report on Thursday, February 19th. Freedom Capital raised T-Mobile US from a “hold” rating to a “strong-buy” rating in a report on Friday, April 17th. Scotiabank dropped their target price on T-Mobile US from $266.00 to $263.00 and set a “sector outperform” rating on the stock in a report on Wednesday, April 29th. Finally, Benchmark reissued a “buy” rating on shares of T-Mobile US in a report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $260.48.

Insiders Place Their Bets

In related news, insider Michael J. Katz sold 5,000 shares of T-Mobile US stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $195.81, for a total value of $979,050.00. Following the sale, the insider directly owned 181,930 shares in the company, valued at $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 available through this link. Also, Director Srikant M. Datar sold 3,291 shares of T-Mobile US stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $221.10, for a total value of $727,640.10. Following the completion of the sale, the director owned 1,038 shares in the company, valued at approximately $229,501.80. This trade represents a 76.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 13,090 shares of company stock valued at $2,618,500 in the last three months. 0.37% of the stock is owned by corporate insiders.

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.