T-Mobile US, Inc. (NASDAQ:TMUS) Shares Purchased by New York Life Investment Management LLC

New York Life Investment Management LLC grew its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 0.3% in the fourth quarter, HoldingsChannel reports. The fund owned 65,587 shares of the Wireless communications provider’s stock after buying an additional 165 shares during the period. New York Life Investment Management LLC’s holdings in T-Mobile US were worth $14,477,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Barclays PLC raised its holdings in T-Mobile US by 38.3% during the third quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock worth $653,160,000 after purchasing an additional 876,182 shares in the last quarter. Gladstone Institutional Advisory LLC bought a new stake in shares of T-Mobile US in the 4th quarter worth $1,552,000. Trust Co. of Vermont lifted its holdings in shares of T-Mobile US by 11.9% in the fourth quarter. Trust Co. of Vermont now owns 26,972 shares of the Wireless communications provider’s stock valued at $5,954,000 after buying an additional 2,865 shares during the period. Swedbank AB lifted its holdings in shares of T-Mobile US by 5.1% in the third quarter. Swedbank AB now owns 255,044 shares of the Wireless communications provider’s stock valued at $52,631,000 after buying an additional 12,411 shares during the period. Finally, Rice Partnership LLC bought a new position in T-Mobile US during the fourth quarter valued at about $7,678,000. Institutional investors own 42.49% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on TMUS. Barclays upped their price target on shares of T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Wells Fargo & Company restated an “equal weight” rating on shares of T-Mobile US in a report on Wednesday. Oppenheimer lifted their price target on shares of T-Mobile US from $250.00 to $275.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Benchmark reiterated a “buy” rating on shares of T-Mobile US in a research report on Wednesday. Finally, JPMorgan Chase & Co. lifted their target price on T-Mobile US from $250.00 to $265.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Seven research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $251.79.

T-Mobile US Price Performance

NASDAQ TMUS opened at $264.17 on Friday. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. The firm has a market capitalization of $301.61 billion, a price-to-earnings ratio of 27.32, a price-to-earnings-growth ratio of 1.55 and a beta of 0.56. The company has a 50 day simple moving average of $234.53 and a 200-day simple moving average of $223.28. T-Mobile US, Inc. has a 52-week low of $158.84 and a 52-week high of $273.40.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. Equities research analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be given a dividend of $0.88 per share. The ex-dividend date is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a yield of 1.33%. T-Mobile US’s payout ratio is 36.40%.

Insider Buying and Selling at T-Mobile US

In other news, Director Letitia A. Long sold 1,100 shares of T-Mobile US stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $231.08, for a total transaction of $254,188.00. Following the completion of the sale, the director now directly owns 5,653 shares in the company, valued at $1,306,295.24. The trade was a 16.29 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andre Almeida purchased 3,808 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was purchased at an average cost of $235.72 per share, with a total value of $897,621.76. Following the purchase, the director now owns 3,808 shares in the company, valued at $897,621.76. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.67% of the company’s stock.

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.