Zurcher Kantonalbank Zurich Cantonalbank Buys 29,967 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Zurcher Kantonalbank Zurich Cantonalbank increased its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 6.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 532,014 shares of the Wireless communications provider’s stock after buying an additional 29,967 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in T-Mobile US were worth $85,298,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of TMUS. Norges Bank bought a new position in shares of T-Mobile US in the 4th quarter worth $2,801,442,000. Clearbridge Investments LLC raised its position in T-Mobile US by 243.9% in the 3rd quarter. Clearbridge Investments LLC now owns 2,920,668 shares of the Wireless communications provider’s stock valued at $409,040,000 after buying an additional 2,071,489 shares during the last quarter. Morgan Stanley raised its position in T-Mobile US by 18.8% in the 4th quarter. Morgan Stanley now owns 10,984,556 shares of the Wireless communications provider’s stock valued at $1,537,838,000 after buying an additional 1,742,108 shares during the last quarter. Canada Pension Plan Investment Board raised its position in T-Mobile US by 90.5% in the 3rd quarter. Canada Pension Plan Investment Board now owns 2,506,127 shares of the Wireless communications provider’s stock valued at $350,983,000 after buying an additional 1,190,813 shares during the last quarter. Finally, Third Point LLC purchased a new stake in T-Mobile US in the 3rd quarter valued at $140,050,000. 42.49% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Benchmark reissued a “buy” rating and issued a $200.00 price target on shares of T-Mobile US in a research report on Friday, January 26th. Tigress Financial increased their price target on T-Mobile US from $204.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. KeyCorp lowered their price target on T-Mobile US from $183.00 to $175.00 and set an “overweight” rating for the company in a research report on Friday, January 26th. Oppenheimer reaffirmed an “outperform” rating and set a $190.00 target price on shares of T-Mobile US in a research report on Wednesday, April 3rd. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $184.00 price target on shares of T-Mobile US in a research note on Wednesday, March 20th. One equities research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $185.93.

T-Mobile US Trading Down 0.0 %

Shares of T-Mobile US stock traded down $0.03 during midday trading on Tuesday, reaching $159.79. 3,810,260 shares of the company’s stock traded hands, compared to its average volume of 4,532,775. The company has a market cap of $189.65 billion, a PE ratio of 23.00, a price-to-earnings-growth ratio of 0.65 and a beta of 0.49. The stock has a 50 day moving average of $162.34 and a 200-day moving average of $155.74. T-Mobile US, Inc. has a 12 month low of $124.92 and a 12 month high of $168.64. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.83 and a current ratio of 0.91.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Thursday, January 25th. The Wireless communications provider reported $1.67 EPS for the quarter, missing the consensus estimate of $1.90 by ($0.23). T-Mobile US had a net margin of 10.59% and a return on equity of 12.69%. The business had revenue of $20.48 billion for the quarter, compared to analysts’ expectations of $19.67 billion. During the same period last year, the business earned $1.18 earnings per share. The company’s quarterly revenue was up 1.0% on a year-over-year basis. As a group, equities analysts expect that T-Mobile US, Inc. will post 8.95 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Friday, May 31st will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 1.63%. The ex-dividend date is Friday, May 31st. T-Mobile US’s dividend payout ratio (DPR) is currently 37.52%.

Insider Transactions at T-Mobile US

In other news, insider Michael J. Katz sold 6,655 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $161.23, for a total value of $1,072,985.65. Following the transaction, the insider now owns 126,616 shares of the company’s stock, valued at $20,414,297.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Michael J. Katz sold 6,655 shares of T-Mobile US stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $161.23, for a total transaction of $1,072,985.65. Following the sale, the insider now owns 126,616 shares of the company’s stock, valued at approximately $20,414,297.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Telekom Ag Deutsche sold 194,910 shares of T-Mobile US stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $164.54, for a total value of $32,070,491.40. Following the sale, the director now directly owns 691,295,201 shares in the company, valued at approximately $113,745,712,372.54. The disclosure for this sale can be found here. Insiders have sold 5,689,170 shares of company stock valued at $924,847,536 over the last quarter. 0.70% of the stock is currently owned by company 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.