NEOS Investment Management LLC Acquires 149,564 Shares of T-Mobile US, Inc. $TMUS

NEOS Investment Management LLC lifted its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 61.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 391,092 shares of the Wireless communications provider’s stock after purchasing an additional 149,564 shares during the period. T-Mobile US accounts for 0.7% of NEOS Investment Management LLC’s holdings, making the stock its 20th biggest holding. NEOS Investment Management LLC’s holdings in T-Mobile US were worth $93,620,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Haven Private LLC raised its position in T-Mobile US by 1.3% during the 2nd quarter. Haven Private LLC now owns 3,186 shares of the Wireless communications provider’s stock worth $759,000 after purchasing an additional 42 shares during the last quarter. Cetera Trust Company N.A increased its stake in shares of T-Mobile US by 0.4% in the second quarter. Cetera Trust Company N.A now owns 12,018 shares of the Wireless communications provider’s stock valued at $2,863,000 after buying an additional 45 shares during the period. L2 Asset Management LLC raised its position in shares of T-Mobile US by 2.2% during the second quarter. L2 Asset Management LLC now owns 2,082 shares of the Wireless communications provider’s stock worth $496,000 after acquiring an additional 45 shares during the last quarter. City Holding Co. raised its position in shares of T-Mobile US by 48.4% during the third quarter. City Holding Co. now owns 141 shares of the Wireless communications provider’s stock worth $34,000 after acquiring an additional 46 shares during the last quarter. Finally, PAX Financial Group LLC boosted its holdings in T-Mobile US by 4.1% in the second quarter. PAX Financial Group LLC now owns 1,190 shares of the Wireless communications provider’s stock valued at $284,000 after acquiring an additional 47 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TMUS has been the subject of several analyst reports. TD Cowen lowered their price target on shares of T-Mobile US from $263.00 to $252.00 and set a “buy” rating for the company in a report on Thursday, February 12th. Zacks Research raised shares of T-Mobile US from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 26th. Citigroup lowered their price objective on T-Mobile US from $268.00 to $220.00 and set a “neutral” rating for the company in a research report on Friday, December 19th. Williams Trading set a $263.00 price objective on T-Mobile US in a research note on Friday, October 24th. Finally, KeyCorp raised T-Mobile US from an “underweight” rating to a “sector weight” rating in a research note on Tuesday, December 2nd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $256.65.

Insider Buying and Selling at T-Mobile US

In other news, Director Letitia A. Long sold 1,457 shares of the company’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $210.32, for a total transaction of $306,436.24. Following the transaction, the director directly owned 5,438 shares of the company’s stock, valued at $1,143,720.16. This represents a 21.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.37% of the stock is owned by insiders.

T-Mobile US Stock Performance

Shares of TMUS opened at $219.50 on Tuesday. T-Mobile US, Inc. has a one year low of $181.36 and a one year high of $276.49. The company has a market cap of $241.86 billion, a PE ratio of 22.61, a P/E/G ratio of 1.29 and a beta of 0.44. The stock has a 50-day moving average of $197.16 and a 200-day moving average of $218.51. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.00 and a quick ratio of 0.90.

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Friday, February 27th will be issued a dividend of $1.02 per share. The ex-dividend date is Friday, February 27th. This represents a $4.08 annualized dividend and a dividend yield of 1.9%. T-Mobile US’s payout ratio is currently 42.02%.

About T-Mobile US

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.