Park Avenue Securities LLC Raises Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Park Avenue Securities LLC lifted its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 22.8% in the 4th quarter, HoldingsChannel reports. The firm owned 31,729 shares of the Wireless communications provider’s stock after acquiring an additional 5,881 shares during the period. Park Avenue Securities LLC’s holdings in T-Mobile US were worth $7,004,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of TMUS. Barclays PLC increased its position in T-Mobile US by 38.3% in the third quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock worth $653,160,000 after buying an additional 876,182 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of T-Mobile US by 21,580.9% during the 3rd quarter. International Assets Investment Management LLC now owns 249,981 shares of the Wireless communications provider’s stock valued at $51,586,000 after acquiring an additional 248,828 shares during the period. Swedbank AB increased its holdings in T-Mobile US by 5.1% in the 3rd quarter. Swedbank AB now owns 255,044 shares of the Wireless communications provider’s stock worth $52,631,000 after acquiring an additional 12,411 shares in the last quarter. Passumpsic Savings Bank bought a new stake in T-Mobile US during the 3rd quarter worth approximately $2,634,000. Finally, Nordea Investment Management AB boosted its position in shares of T-Mobile US by 36.9% in the fourth quarter. Nordea Investment Management AB now owns 1,473,540 shares of the Wireless communications provider’s stock worth $324,960,000 after purchasing an additional 397,345 shares during the period. 42.49% of the stock is owned by institutional investors.

T-Mobile US Trading Up 0.0 %

Shares of TMUS stock opened at $214.20 on Thursday. The company has a market cap of $248.58 billion, a PE ratio of 24.42, a price-to-earnings-growth ratio of 1.18 and a beta of 0.56. 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 stock’s 50 day simple moving average is $229.93 and its two-hundred day simple moving average is $209.91. T-Mobile US, Inc. has a 1 year low of $158.84 and a 1 year high of $248.15.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $2.32 by $0.29. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The company had revenue of $20.16 billion during the quarter, compared to the consensus estimate of $20.01 billion. During the same period last year, the company earned $1.82 earnings per share. T-Mobile US’s revenue was up 4.7% on a year-over-year basis. Research analysts predict that T-Mobile US, Inc. will post 9.38 earnings per share for the current year.

T-Mobile US Dividend Announcement

The company also recently declared 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. The ex-dividend date is Friday, February 28th. This represents a $3.52 annualized dividend and a yield of 1.64%. T-Mobile US’s payout ratio is 40.14%.

Insider Buying and Selling

In other T-Mobile US news, Director Raul Marcelo Claure sold 110,000 shares of the stock in a transaction on 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 sale, the director now owns 1,441,204 shares in the company, valued at $323,262,057.20. This trade represents a 7.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Nestor Cano sold 11,100 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $230.75, for a total transaction of $2,561,325.00. Following the sale, the executive vice president now directly owns 4,400 shares of the company’s stock, valued at $1,015,300. This represents a 71.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 164,200 shares of company stock valued at $37,407,303 in the last ninety days. 0.67% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on TMUS shares. Sanford C. Bernstein assumed coverage on shares of T-Mobile US in a research report on Tuesday, December 10th. They set a “market perform” rating and a $265.00 price objective on the stock. KeyCorp cut T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 price target on the stock. in a report on Thursday, December 12th. TD Cowen upped their price objective on T-Mobile US from $216.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. lifted their target price on T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Finally, Daiwa America upgraded T-Mobile US to a “hold” rating in a research note on Friday, October 25th. Seven equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $245.74.

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.