Commonwealth Equity Services LLC Has $26.56 Million Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Commonwealth Equity Services LLC lifted its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 23.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 165,651 shares of the Wireless communications provider’s stock after purchasing an additional 31,542 shares during the quarter. Commonwealth Equity Services LLC’s holdings in T-Mobile US were worth $26,559,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of TMUS. Morgan Stanley boosted its position in T-Mobile US by 0.9% during the 3rd quarter. Morgan Stanley now owns 11,255,490 shares of the Wireless communications provider’s stock worth $1,576,332,000 after acquiring an additional 104,490 shares during the last quarter. Royal Bank of Canada grew its position in T-Mobile US by 7.1% in the third quarter. Royal Bank of Canada now owns 10,505,308 shares of the Wireless communications provider’s stock valued at $1,471,269,000 after purchasing an additional 693,443 shares in the last quarter. Invesco Ltd. increased its stake in T-Mobile US by 0.6% in the 3rd quarter. Invesco Ltd. now owns 7,675,261 shares of the Wireless communications provider’s stock valued at $1,074,920,000 after buying an additional 45,196 shares during the last quarter. California Public Employees Retirement System increased its position in shares of T-Mobile US by 10.1% in the fourth quarter. California Public Employees Retirement System now owns 3,455,969 shares of the Wireless communications provider’s stock valued at $554,096,000 after acquiring an additional 316,617 shares during the last quarter. Finally, Clearbridge Investments LLC raised its holdings in T-Mobile US by 243.9% during the third quarter. Clearbridge Investments LLC now owns 2,920,668 shares of the Wireless communications provider’s stock worth $409,040,000 after acquiring an additional 2,071,489 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Morgan Stanley boosted their price target on T-Mobile US from $180.00 to $186.00 and gave the stock an “overweight” rating in a research report on Monday, January 29th. Benchmark reaffirmed a “buy” rating and set a $200.00 price target on shares of T-Mobile US in a research report on Friday, January 26th. TD Cowen decreased their price objective on shares of T-Mobile US from $204.00 to $202.00 and set a “buy” rating for the company in a research report on Friday, April 26th. Wells Fargo & Company boosted their price objective on shares of T-Mobile US from $175.00 to $185.00 and gave the stock an “overweight” rating in a research note on Monday, January 22nd. Finally, Royal Bank of Canada raised their target price on shares of T-Mobile US from $184.00 to $188.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. One research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $186.33.

T-Mobile US Price Performance

T-Mobile US stock opened at $164.60 on Monday. The company has a market capitalization of $192.89 billion, a price-to-earnings ratio of 22.39, a PEG ratio of 0.64 and a beta of 0.48. The company has a current ratio of 0.94, a quick ratio of 0.86 and a debt-to-equity ratio of 1.25. T-Mobile US, Inc. has a 12 month low of $124.92 and a 12 month high of $168.64. The stock’s 50 day moving average is $162.69 and its 200-day moving average is $157.99.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.17. The business had revenue of $19.59 billion during the quarter, compared to the consensus estimate of $19.81 billion. T-Mobile US had a return on equity of 13.61% and a net margin of 11.15%. The firm’s quarterly revenue was down .2% on a year-over-year basis. During the same period in the previous year, the company posted $1.58 EPS. Equities research analysts expect that T-Mobile US, Inc. will post 9.01 EPS for the current year.

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Friday, May 31st will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date is Friday, May 31st. T-Mobile US’s dividend payout ratio is 35.37%.

Insiders Place Their Bets

In other T-Mobile US news, insider Michael J. Katz sold 3,000 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $163.22, for a total transaction of $489,660.00. Following the transaction, the insider now owns 125,687 shares in the company, valued at approximately $20,514,632.14. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO G Michael Sievert sold 40,000 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $161.05, for a total value of $6,442,000.00. Following the transaction, the chief executive officer now owns 496,036 shares in the company, valued at $79,886,597.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael J. Katz sold 3,000 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $163.22, for a total transaction of $489,660.00. Following the sale, the insider now directly owns 125,687 shares of the company’s stock, valued at approximately $20,514,632.14. The disclosure for this sale can be found here. Insiders sold 6,347,487 shares of company stock worth $1,031,462,501 in the last quarter. 0.70% of the stock is currently owned by corporate insiders.

About 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.