T-Mobile US, Inc. (NASDAQ:TMUS) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 6.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 532,014 shares of the Wireless communications provider’s stock after acquiring an additional 29,967 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in T-Mobile US were worth $85,298,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Financial Counselors Inc. acquired a new stake in shares of T-Mobile US in the 3rd quarter worth approximately $218,000. Caprock Group LLC raised its holdings in shares of T-Mobile US by 105.8% in the 4th quarter. Caprock Group LLC now owns 23,063 shares of the Wireless communications provider’s stock worth $3,698,000 after purchasing an additional 11,854 shares in the last quarter. STF Management LP raised its holdings in shares of T-Mobile US by 150.7% in the 3rd quarter. STF Management LP now owns 19,321 shares of the Wireless communications provider’s stock worth $2,706,000 after purchasing an additional 11,614 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of T-Mobile US by 11.5% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 237,481 shares of the Wireless communications provider’s stock worth $38,075,000 after purchasing an additional 24,412 shares in the last quarter. Finally, Cerity Partners LLC raised its holdings in shares of T-Mobile US by 136.8% in the 4th quarter. Cerity Partners LLC now owns 62,967 shares of the Wireless communications provider’s stock worth $10,096,000 after purchasing an additional 36,374 shares in the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TMUS has been the topic of a number of research reports. Oppenheimer reiterated an “outperform” rating and issued a $190.00 target price on shares of T-Mobile US in a report on Wednesday, April 3rd. Morgan Stanley boosted their target price on shares of T-Mobile US from $180.00 to $186.00 and gave the stock an “overweight” rating in a report on Monday, January 29th. Benchmark restated a “buy” rating and set a $200.00 price target on shares of T-Mobile US in a report on Friday, January 26th. Citigroup boosted their price target on shares of T-Mobile US from $176.00 to $184.00 and gave the company a “buy” rating in a report on Monday, March 25th. Finally, Wells Fargo & Company upped their price objective on shares of T-Mobile US from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Monday, January 22nd. One equities research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $185.93.

T-Mobile US Price Performance

Shares of TMUS stock traded down $0.03 during mid-day trading on Tuesday, reaching $159.79. The company’s stock had a trading volume of 3,810,260 shares, compared to its average volume of 4,532,775. T-Mobile US, Inc. has a 1-year low of $124.92 and a 1-year high of $168.64. The company has a market cap of $189.65 billion, a P/E ratio of 23.00, a PEG ratio of 0.65 and a beta of 0.49. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.83 and a current ratio of 0.91. The firm’s 50-day moving average is $162.34 and its two-hundred day moving average is $155.74.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Thursday, January 25th. The Wireless communications provider reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.23). The firm had revenue of $20.48 billion for the quarter, compared to analyst estimates of $19.67 billion. T-Mobile US had a return on equity of 12.69% and a net margin of 10.59%. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.18 EPS. On average, research analysts predict that T-Mobile US, Inc. will post 8.95 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, 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 dividend yield of 1.63%. The ex-dividend date of this dividend is Friday, May 31st. T-Mobile US’s dividend payout ratio (DPR) is currently 37.52%.

Insider Buying and Selling

In related news, Director Telekom Ag Deutsche sold 194,910 shares of the stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $164.54, for a total transaction of $32,070,491.40. Following the completion of the sale, the director now owns 691,295,201 shares in the company, valued at approximately $113,745,712,372.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other T-Mobile US news, Director Telekom Ag Deutsche sold 194,910 shares of the stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $164.54, for a total transaction of $32,070,491.40. Following the sale, the director now owns 691,295,201 shares of the company’s stock, valued at approximately $113,745,712,372.54. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Teresa Taylor sold 12,022 shares of the stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $161.80, for a total transaction of $1,945,159.60. Following the sale, the director now directly owns 13,014 shares in the company, valued at approximately $2,105,665.20. The disclosure for this sale can be found here. Insiders sold 5,689,170 shares of company stock worth $924,847,536 in the last quarter. 0.70% of the stock is 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.