Northwest & Ethical Investments L.P. Has $5.93 Million Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Northwest & Ethical Investments L.P. reduced its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 26.7% in the 4th quarter, Holdings Channel reports. The firm owned 26,874 shares of the Wireless communications provider’s stock after selling 9,808 shares during the period. Northwest & Ethical Investments L.P.’s holdings in T-Mobile US were worth $5,932,000 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. Barclays PLC lifted its holdings in T-Mobile US by 38.3% in the 3rd 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 during the last quarter. Gladstone Institutional Advisory LLC acquired a new stake in T-Mobile US in the 4th quarter worth approximately $1,552,000. Trust Co. of Vermont lifted its holdings in T-Mobile US by 11.9% in the 4th quarter. Trust Co. of Vermont now owns 26,972 shares of the Wireless communications provider’s stock worth $5,954,000 after purchasing an additional 2,865 shares during the last quarter. Swedbank AB lifted 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 purchasing an additional 12,411 shares during the last quarter. Finally, Rice Partnership LLC acquired a new stake in T-Mobile US in the 4th quarter worth approximately $7,678,000. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Stock Performance

Shares of NASDAQ:TMUS opened at $257.03 on Friday. The business’s fifty day moving average price is $247.29 and its two-hundred day moving average price is $229.96. T-Mobile US, Inc. has a fifty-two week low of $158.84 and a fifty-two week high of $276.49. The stock has a market capitalization of $293.46 billion, a price-to-earnings ratio of 26.58, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83.

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

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders of record on Friday, May 30th will be given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US’s dividend payout ratio (DPR) is 36.40%.

Analysts Set New Price Targets

TMUS has been the subject of a number of research analyst reports. Citigroup lowered T-Mobile US from a “buy” rating to a “neutral” rating and set a $268.00 price target for the company. in a report on Friday, March 14th. Oppenheimer upped their price target on T-Mobile US from $250.00 to $275.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Royal Bank of Canada reiterated a “sector perform” rating on shares of T-Mobile US in a report on Wednesday, February 26th. Benchmark reiterated a “buy” rating on shares of T-Mobile US in a report on Wednesday, February 26th. Finally, Evercore ISI upgraded T-Mobile US to a “strong-buy” rating in a report on Thursday, January 23rd. Ten investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, T-Mobile US presently has an average rating of “Moderate Buy” and a consensus price target of $255.05.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of the business’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total value of $191,990.00. Following the transaction, the director now owns 3,291 shares of the company’s stock, valued at approximately $865,533. The trade was a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.67% of the company’s stock.

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.