T-Mobile US, Inc. $TMUS Position Lessened by TD Asset Management Inc

TD Asset Management Inc trimmed its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 35.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,423,955 shares of the Wireless communications provider’s stock after selling 777,070 shares during the quarter. TD Asset Management Inc’s holdings in T-Mobile US were worth $289,120,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of T-Mobile US by 1.5% during the third quarter. Vanguard Group Inc. now owns 42,797,074 shares of the Wireless communications provider’s stock worth $10,244,764,000 after acquiring an additional 636,192 shares in the last quarter. State Street Corp raised its holdings in shares of T-Mobile US by 4.7% during the third quarter. State Street Corp now owns 24,234,085 shares of the Wireless communications provider’s stock worth $5,801,155,000 after acquiring an additional 1,092,769 shares in the last quarter. Capital International Investors raised its holdings in shares of T-Mobile US by 5.5% during the third quarter. Capital International Investors now owns 13,726,288 shares of the Wireless communications provider’s stock worth $3,285,608,000 after acquiring an additional 711,278 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of T-Mobile US by 47.5% during the 3rd quarter. Wellington Management Group LLP now owns 13,461,669 shares of the Wireless communications provider’s stock valued at $3,222,454,000 after purchasing an additional 4,335,368 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of T-Mobile US by 6.1% during the 3rd quarter. Invesco Ltd. now owns 7,903,104 shares of the Wireless communications provider’s stock valued at $1,891,845,000 after purchasing an additional 453,096 shares in the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at T-Mobile US

In other T-Mobile US news, insider Andre Almeida bought 5,097 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The stock was purchased at an average price of $196.18 per share, for a total transaction of $999,929.46. Following the purchase, the insider directly owned 44,850 shares in the company, valued at $8,798,673. This trade represents a 12.82% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Jon Freier sold 4,799 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $190.00, for a total value of $911,810.00. Following the sale, the chief operating officer owned 217,168 shares of the company’s stock, valued at approximately $41,261,920. The trade was a 2.16% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.32% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. TD Cowen raised their price target on shares of T-Mobile US from $252.00 to $261.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Royal Bank Of Canada cut their price target on shares of T-Mobile US from $255.00 to $240.00 and set an “outperform” rating on the stock in a report on Wednesday, April 29th. Freedom Capital upgraded T-Mobile US from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 17th. Weiss Ratings reiterated a “hold (c+)” rating on shares of T-Mobile US in a research note on Friday, April 10th. Finally, Arete Research upped their price target on T-Mobile US from $295.00 to $300.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $260.48.

T-Mobile US Stock Performance

NASDAQ:TMUS opened at $181.45 on Thursday. T-Mobile US, Inc. has a 1 year low of $180.44 and a 1 year high of $261.56. The firm’s fifty day simple moving average is $195.00 and its 200 day simple moving average is $201.12. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.58. The firm has a market capitalization of $196.37 billion, a PE ratio of 19.30, a PEG ratio of 1.10 and a beta of 0.31.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.01 by $0.26. T-Mobile US had a net margin of 11.65% and a return on equity of 19.47%. The business had revenue of $23.11 billion for the quarter, compared to analyst estimates of $22.98 billion. During the same period last year, the business posted $2.58 EPS. T-Mobile US’s revenue was up 10.6% compared to the same quarter last year. On average, sell-side analysts anticipate that T-Mobile US, Inc. will post 10.65 EPS for the current year.

T-Mobile US Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Friday, May 29th will be paid a dividend of $1.02 per share. The ex-dividend date is Friday, May 29th. This represents a $4.08 annualized dividend and a yield of 2.2%. T-Mobile US’s dividend payout ratio is presently 43.40%.

T-Mobile US Company Profile

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.