Quantum Financial Planning Services Inc. acquired a new position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 6,181 shares of the Wireless communications provider's stock, valued at approximately $1,364,000. T-Mobile US accounts for approximately 0.8% of Quantum Financial Planning Services Inc.'s portfolio, making the stock its 9th largest holding.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. FMR LLC grew its position in shares of T-Mobile US by 13.4% during the third quarter. FMR LLC now owns 12,893,770 shares of the Wireless communications provider's stock valued at $2,660,758,000 after purchasing an additional 1,522,394 shares in the last quarter. Barclays PLC grew its holdings in T-Mobile US by 38.3% during the 3rd quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider's stock valued at $653,160,000 after buying an additional 876,182 shares in the last quarter. Wellington Management Group LLP increased its stake in T-Mobile US by 4.0% in the 3rd quarter. Wellington Management Group LLP now owns 15,524,529 shares of the Wireless communications provider's stock worth $3,203,642,000 after acquiring an additional 602,786 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of T-Mobile US by 9.9% during the 3rd quarter. Franklin Resources Inc. now owns 6,553,703 shares of the Wireless communications provider's stock worth $1,448,426,000 after acquiring an additional 590,711 shares in the last quarter. Finally, Nordea Investment Management AB boosted its position in shares of T-Mobile US by 36.9% during the 4th quarter. Nordea Investment Management AB now owns 1,473,540 shares of the Wireless communications provider's stock valued at $324,960,000 after acquiring an additional 397,345 shares during the last quarter. Institutional investors own 42.49% of the company's stock.
Shares of NASDAQ:TMUS opened at $234.37 on Friday. The firm has a 50 day moving average of $226.37 and a 200 day moving average of $212.82. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. The company has a market capitalization of $271.98 billion, a price-to-earnings ratio of 24.24, a price-to-earnings-growth ratio of 1.17 and a beta of 0.56. T-Mobile US, Inc. has a 52 week low of $158.84 and a 52 week high of $248.15.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.15 by $0.42. T-Mobile US had a return on equity of 18.00% and a net margin of 13.93%. On average, sell-side analysts predict that T-Mobile US, Inc. will post 10.15 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Friday, February 28th will be given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date is Friday, February 28th. T-Mobile US's payout ratio is currently 36.40%.
In related news, Director Raul Marcelo Claure sold 110,000 shares of T-Mobile US stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $224.30, for a total value of $24,673,000.00. Following the completion of the sale, the director now directly owns 1,441,204 shares in the company, valued at $323,262,057.20. This trade represents a 7.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Nestor Cano sold 11,100 shares of the company's stock in a transaction that occurred 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 transaction, the executive vice president now owns 4,400 shares in the company, valued at $1,015,300. The trade was a 71.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 144,200 shares of company stock worth $32,736,303 in the last 90 days. 0.67% of the stock is owned by corporate insiders.
Several equities research analysts recently weighed in on the stock. Wells Fargo & Company boosted their price target on shares of T-Mobile US from $220.00 to $235.00 and gave the stock an "equal weight" rating in a research report on Thursday. Barclays upped their target price on shares of T-Mobile US from $215.00 to $230.00 and gave the company an "overweight" rating in a research report on Thursday, October 24th. Oppenheimer boosted their price objective on T-Mobile US from $215.00 to $250.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. BNP Paribas upgraded T-Mobile US to a "strong-buy" rating in a report on Friday, October 25th. Finally, KeyCorp lowered 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. Seven investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, T-Mobile US presently has a consensus rating of "Moderate Buy" and an average target price of $248.89.
Check Out Our Latest Analysis on 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.
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