Mediolanum International Funds Ltd Acquires 48,319 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Mediolanum International Funds Ltd boosted its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 55.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 135,674 shares of the Wireless communications provider’s stock after buying an additional 48,319 shares during the quarter. Mediolanum International Funds Ltd’s holdings in T-Mobile US were worth $29,864,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. KPP Advisory Services LLC lifted its holdings in T-Mobile US by 2.6% in the third quarter. KPP Advisory Services LLC now owns 1,744 shares of the Wireless communications provider’s stock valued at $360,000 after buying an additional 45 shares during the period. DT Investment Partners LLC boosted its stake in T-Mobile US by 65.3% in the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 47 shares during the last quarter. Relyea Zuckerberg Hanson LLC boosted its stake in T-Mobile US by 3.9% in the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 1,286 shares of the Wireless communications provider’s stock valued at $284,000 after acquiring an additional 48 shares during the last quarter. Old North State Trust LLC boosted its stake in T-Mobile US by 1.4% in the third quarter. Old North State Trust LLC now owns 3,637 shares of the Wireless communications provider’s stock valued at $751,000 after acquiring an additional 50 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in T-Mobile US by 1.5% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,330 shares of the Wireless communications provider’s stock valued at $735,000 after acquiring an additional 50 shares during the last quarter. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS opened at $234.37 on Friday. The company’s fifty day moving average price is $226.37 and its 200-day moving average price is $212.82. The firm has a market capitalization of $271.98 billion, a price-to-earnings ratio of 24.24, a PEG ratio of 1.17 and a beta of 0.56. T-Mobile US, Inc. has a one year low of $158.84 and a one year high of $248.15. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99.

T-Mobile US (NASDAQ:TMUS) last released 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 net margin of 13.93% and a return on equity of 18.00%. On average, equities research analysts anticipate that T-Mobile US, Inc. will post 10.15 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Friday, February 28th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend is Friday, February 28th. T-Mobile US’s dividend payout ratio is currently 36.40%.

Insider Activity at T-Mobile US

In other news, Director Raul Marcelo Claure sold 110,000 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $224.30, for a total value of $24,673,000.00. Following the transaction, the director now owns 1,441,204 shares in the company, valued at approximately $323,262,057.20. This represents a 7.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Srikant M. Datar sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $247.19, for a total transaction of $247,190.00. Following the completion of the transaction, the director now owns 5,021 shares in the company, valued at approximately $1,241,140.99. This represents a 16.61 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 144,200 shares of company stock valued at $32,736,303. Insiders own 0.67% of the company’s stock.

Analyst Upgrades and Downgrades

TMUS has been the topic of a number of research analyst reports. Bank of America boosted their target price on shares of T-Mobile US from $240.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday. Daiwa America upgraded shares of T-Mobile US to a “hold” rating in a research note on Friday, October 25th. Royal Bank of Canada boosted their target price on shares of T-Mobile US from $240.00 to $245.00 and gave the company a “sector perform” rating in a research note on Thursday. BNP Paribas upgraded shares of T-Mobile US to a “strong-buy” rating in a research note on Friday, October 25th. Finally, Morgan Stanley started coverage on shares of T-Mobile US in a research note on Monday, December 16th. They set an “overweight” rating and a $280.00 price target on the stock. Seven research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, T-Mobile US currently has a consensus rating of “Moderate Buy” and an average price target of $248.89.

About T-Mobile US

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.