T-Mobile US, Inc. (NASDAQ:TMUS) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. increased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 2.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,978,567 shares of the Wireless communications provider’s stock after purchasing an additional 47,350 shares during the quarter. Principal Financial Group Inc. owned approximately 0.17% of T-Mobile US worth $408,297,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. WASHINGTON TRUST Co increased its holdings in shares of T-Mobile US by 143.1% in the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 83 shares during the last quarter. DT Investment Partners LLC increased its stake in shares of T-Mobile US by 65.3% in the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 47 shares during the last quarter. Summit Securities Group LLC purchased a new position in shares of T-Mobile US during the 2nd quarter worth $27,000. Y.D. More Investments Ltd acquired a new position in shares of T-Mobile US during the 2nd quarter valued at about $27,000. Finally, MFA Wealth Advisors LLC grew its holdings in shares of T-Mobile US by 128.3% in the third quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 77 shares during the period. 42.49% of the stock is owned by institutional investors and hedge funds.

T-Mobile US Stock Up 2.2 %

T-Mobile US stock opened at $232.19 on Thursday. The firm has a market capitalization of $269.45 billion, a P/E ratio of 26.48, a P/E/G ratio of 1.15 and a beta of 0.50. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23. T-Mobile US, Inc. has a twelve month low of $145.77 and a twelve month high of $234.56. The stock’s fifty day simple moving average is $210.45 and its 200-day simple moving average is $189.05.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.29. The company had revenue of $20.16 billion for the quarter, compared to the consensus estimate of $20.01 billion. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. T-Mobile US’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.82 EPS. As a group, equities analysts expect that T-Mobile US, Inc. will post 9.36 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be given a dividend of $0.88 per share. This is a boost from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 annualized dividend and a dividend yield of 1.52%. The ex-dividend date is Wednesday, November 27th. T-Mobile US’s payout ratio is 29.65%.

Insider Buying and Selling

In other news, CEO G Michael Sievert sold 20,000 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $194.57, for a total transaction of $3,891,400.00. Following the sale, the chief executive officer now owns 418,124 shares of the company’s stock, valued at approximately $81,354,386.68. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO G Michael Sievert sold 20,000 shares of the business’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $194.57, for a total value of $3,891,400.00. Following the completion of the sale, the chief executive officer now directly owns 418,124 shares of the company’s stock, valued at $81,354,386.68. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Raul Marcelo Claure sold 110,000 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $224.30, for a total value of $24,673,000.00. Following the transaction, the director now directly owns 1,441,204 shares in the company, valued at approximately $323,262,057.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 453,824 shares of company stock worth $94,003,400. Corporate insiders own 0.67% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on TMUS shares. Sanford C. Bernstein raised shares of T-Mobile US to a “strong-buy” rating in a research note on Wednesday, July 31st. Wells Fargo & Company lifted their price target on shares of T-Mobile US from $230.00 to $240.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. The Goldman Sachs Group increased their price objective on T-Mobile US from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Bank of America lifted their target price on T-Mobile US from $220.00 to $240.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, Barclays upped their price target on T-Mobile US from $215.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Three analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $241.83.

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.