T-Mobile US, Inc. $TMUS Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. grew its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 10.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,971,069 shares of the Wireless communications provider’s stock after buying an additional 178,965 shares during the quarter. Principal Financial Group Inc.’s holdings in T-Mobile US were worth $413,984,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of T-Mobile US in the fourth quarter valued at about $1,335,918,000. Price T Rowe Associates Inc. MD boosted its holdings in T-Mobile US by 30.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 27,795,065 shares of the Wireless communications provider’s stock valued at $5,643,511,000 after purchasing an additional 6,516,968 shares in the last quarter. Dodge & Cox increased its position in T-Mobile US by 65.2% during the 4th quarter. Dodge & Cox now owns 6,185,972 shares of the Wireless communications provider’s stock worth $1,256,000,000 after purchasing an additional 2,442,450 shares during the period. Viking Global Investors LP increased its position in T-Mobile US by 81.7% during the 2nd quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider’s stock worth $677,925,000 after purchasing an additional 1,279,422 shares during the period. Finally, Amundi raised its stake in shares of T-Mobile US by 44.6% during the 3rd quarter. Amundi now owns 4,109,084 shares of the Wireless communications provider’s stock worth $924,380,000 after buying an additional 1,266,808 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insider Buying and Selling at T-Mobile US

In other news, insider Andre Almeida purchased 5,097 shares of the stock in a transaction on Friday, May 1st. The stock was purchased at an average price of $196.18 per share, with a total value of $999,929.46. Following the completion of the transaction, the insider owned 44,850 shares in the company, valued at approximately $8,798,673. The trade was a 12.82% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Jon Freier sold 4,799 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $190.00, for a total value of $911,810.00. Following the completion of the transaction, the chief operating officer owned 217,168 shares in the company, valued at approximately $41,261,920. This trade represents a 2.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.32% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on TMUS shares. Wells Fargo & Company initiated coverage on shares of T-Mobile US in a research report on Wednesday, July 8th. They set an “equal weight” rating and a $170.00 price target for the company. Moffett Nathanson upgraded shares of T-Mobile US from a “neutral” rating to a “buy” rating and set a $254.00 price target for the company in a report on Wednesday, April 8th. Arete Research boosted their price target on T-Mobile US from $295.00 to $300.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Citigroup increased their price target on T-Mobile US from $220.00 to $225.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 17th. Finally, Oppenheimer upgraded T-Mobile US from a “market perform” rating to an “outperform” rating and set a $260.00 price objective on the stock in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $255.76.

T-Mobile US Price Performance

T-Mobile US stock opened at $188.48 on Tuesday. T-Mobile US, Inc. has a 1 year low of $165.66 and a 1 year high of $261.56. The firm has a 50 day moving average price of $185.23 and a 200 day moving average price of $196.50. The company has a market cap of $203.97 billion, a price-to-earnings ratio of 20.05, a PEG ratio of 1.11 and a beta of 0.33. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.97 and a current ratio of 1.09.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share for the quarter, topping 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 company had revenue of $23.11 billion for the quarter, compared to the consensus estimate of $22.98 billion. During the same quarter last year, the firm posted $2.58 earnings per share. T-Mobile US’s revenue was up 10.6% on a year-over-year basis. Sell-side analysts predict that T-Mobile US, Inc. will post 10.65 earnings per share for the current year.

T-Mobile US Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 28th will be issued a $1.02 dividend. The ex-dividend date is Friday, August 28th. This represents a $4.08 dividend on an annualized basis and a yield of 2.2%. T-Mobile US’s dividend payout ratio (DPR) is presently 43.40%.

T-Mobile US 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.