SG Trading Solutions LLC Purchases Shares of 3,412 T-Mobile US, Inc. $TMUS

SG Trading Solutions LLC purchased a new position in T-Mobile US, Inc. (NASDAQ:TMUS) in the 4th quarter, HoldingsChannel reports. The fund purchased 3,412 shares of the Wireless communications provider’s stock, valued at approximately $693,000.

A number of other large investors have also modified their holdings of the stock. Price T Rowe Associates Inc. MD boosted its holdings in T-Mobile US by 30.6% in the fourth 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 during the period. State Street Corp increased its holdings in T-Mobile US by 4.3% during the 4th quarter. State Street Corp now owns 25,281,709 shares of the Wireless communications provider’s stock worth $5,133,198,000 after purchasing an additional 1,047,624 shares during the period. Capital International Investors increased its holdings in T-Mobile US by 8.2% during the 4th quarter. Capital International Investors now owns 14,847,697 shares of the Wireless communications provider’s stock worth $3,014,754,000 after purchasing an additional 1,121,409 shares during the period. Wellington Management Group LLP increased its holdings in 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 worth $3,222,454,000 after purchasing an additional 4,335,368 shares during the period. Finally, Invesco Ltd. raised its position in T-Mobile US by 10.5% in the 4th quarter. Invesco Ltd. now owns 8,730,485 shares of the Wireless communications provider’s stock valued at $1,772,638,000 after purchasing an additional 827,381 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insider Activity at T-Mobile US

In other T-Mobile US news, 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 transaction, the chief operating officer directly owned 217,168 shares in the company, valued at $41,261,920. This represents a 2.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael J. Katz sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $195.81, for a total transaction of $979,050.00. Following the sale, the insider directly owned 181,930 shares in the company, valued at approximately $35,623,713.30. The trade was a 2.67% decrease in their position. The SEC filing for this sale provides additional information. 0.32% of the stock is currently owned by corporate insiders.

T-Mobile US Stock Up 0.2%

Shares of NASDAQ TMUS opened at $181.67 on Friday. The business has a 50-day moving average of $189.69 and a two-hundred day moving average of $198.98. The company has a market capitalization of $196.60 billion, a price-to-earnings ratio of 19.33, a price-to-earnings-growth ratio of 1.06 and a beta of 0.31. T-Mobile US, Inc. has a 1 year low of $174.02 and a 1 year high of $261.56. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.09 and a quick ratio of 0.97.

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

T-Mobile US Dividend Announcement

The firm also recently declared 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. This represents a $4.08 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Friday, August 28th. T-Mobile US’s dividend payout ratio is 43.40%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Daiwa Securities Group upgraded T-Mobile US from a “neutral” rating to an “outperform” rating and set a $240.00 price objective for the company in a research note on Thursday, February 19th. Arete Research upped their target price on shares of T-Mobile US from $295.00 to $300.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Citigroup raised their target price on shares of T-Mobile US from $220.00 to $225.00 and gave the company a “neutral” rating in a report on Tuesday, March 17th. DZ Bank reiterated a “buy” rating on shares of T-Mobile US in a research note on Wednesday, May 6th. Finally, Weiss Ratings cut shares of T-Mobile US from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday. One research 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 stock has an average rating of “Moderate Buy” and a consensus target price of $260.48.

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.