Fisher Asset Management LLC Has $831,000 Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Fisher Asset Management LLC increased its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 139.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,029 shares of the Wireless communications provider’s stock after purchasing an additional 2,347 shares during the quarter. Fisher Asset Management LLC’s holdings in T-Mobile US were worth $831,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. WASHINGTON TRUST Co grew its holdings in shares of T-Mobile US by 143.1% during the 2nd quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 83 shares in the last quarter. DT Investment Partners LLC grew 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 purchasing an additional 47 shares in the last quarter. Summit Securities Group LLC acquired a new position in T-Mobile US in the 2nd quarter worth about $27,000. Y.D. More Investments Ltd acquired a new stake in shares of T-Mobile US during the 2nd quarter valued at about $27,000. Finally, MFA Wealth Advisors LLC grew its stake in shares of T-Mobile US by 128.3% in the 3rd quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 77 shares in the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TMUS has been the subject of a number of analyst reports. Oppenheimer lifted their target price on shares of T-Mobile US from $215.00 to $250.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. BNP Paribas raised T-Mobile US to a “strong-buy” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. upped their price objective on shares of T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Wells Fargo & Company lifted their target price on shares of T-Mobile US from $230.00 to $240.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Finally, KeyCorp boosted their target price on shares of T-Mobile US from $230.00 to $252.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $241.83.

Insider Buying and Selling at T-Mobile US

In other news, CEO G Michael Sievert sold 20,000 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $237.73, for a total value of $4,754,600.00. Following the sale, the chief executive officer now owns 378,124 shares of the company’s stock, valued at approximately $89,891,418.52. This represents a 5.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael J. Katz sold 3,000 shares of the stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $205.30, for a total transaction of $615,900.00. Following the sale, the insider now owns 119,687 shares of the company’s stock, valued at $24,571,741.10. This trade represents a 2.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 340,750 shares of company stock worth $72,863,634 over the last three months. Company insiders own 0.67% of the company’s stock.

T-Mobile US Trading Up 0.3 %

Shares of T-Mobile US stock opened at $246.94 on Friday. T-Mobile US, Inc. has a 52-week low of $148.19 and a 52-week high of $248.15. The firm has a market capitalization of $286.57 billion, a PE ratio of 28.16, a price-to-earnings-growth ratio of 1.26 and a beta of 0.50. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99. The company’s fifty day moving average price is $223.98 and its two-hundred day moving average price is $197.76.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.29. The firm had revenue of $20.16 billion during the quarter, compared to analyst estimates of $20.01 billion. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.82 earnings per share. On average, analysts expect that T-Mobile US, Inc. will post 9.38 EPS for the current year.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Friday, February 28th will be paid a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.43%. The ex-dividend date is Friday, February 28th. T-Mobile US’s dividend payout ratio is 40.14%.

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.