Naples Money Management LLC Buys New Shares in T-Mobile US, Inc. (NASDAQ:TMUS)

Naples Money Management LLC bought a new position in T-Mobile US, Inc. (NASDAQ:TMUS) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 2,040 shares of the Wireless communications provider’s stock, valued at approximately $327,000.

Other hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of T-Mobile US in the fourth quarter worth approximately $2,801,442,000. Clearbridge Investments LLC grew its holdings 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 worth $409,040,000 after acquiring an additional 2,071,489 shares during the last quarter. Morgan Stanley increased its position in shares of T-Mobile US by 18.8% in the fourth quarter. Morgan Stanley now owns 10,984,556 shares of the Wireless communications provider’s stock valued at $1,537,838,000 after acquiring an additional 1,742,108 shares during the period. Canada Pension Plan Investment Board raised its stake in shares of T-Mobile US by 90.5% during the third 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 acquiring an additional 1,190,813 shares during the last quarter. Finally, Third Point LLC purchased a new stake in shares of T-Mobile US during the third quarter worth about $140,050,000. 42.49% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Telekom Ag Deutsche sold 170,903 shares of the business’s stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of $159.95, for a total value of $27,335,934.85. Following the completion of the transaction, the director now directly owns 680,306,713 shares in the company, valued at approximately $108,815,058,744.35. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other T-Mobile US news, Director Teresa Taylor sold 12,022 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $161.80, for a total transaction of $1,945,159.60. Following the transaction, the director now owns 13,014 shares in the company, valued at approximately $2,105,665.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Telekom Ag Deutsche sold 170,903 shares of T-Mobile US stock in a transaction that occurred on Wednesday, April 10th. The stock was sold at an average price of $159.95, for a total transaction of $27,335,934.85. Following the completion of the sale, the director now owns 680,306,713 shares of the company’s stock, valued at $108,815,058,744.35. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,006,369 shares of company stock valued at $974,765,696. Insiders own 0.70% of the company’s stock.

T-Mobile US Stock Up 0.9 %

Shares of T-Mobile US stock traded up $1.48 during midday trading on Friday, hitting $162.33. The company had a trading volume of 5,125,949 shares, compared to its average volume of 4,517,920. T-Mobile US, Inc. has a 52-week low of $124.92 and a 52-week 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. The stock has a market capitalization of $192.66 billion, a P/E ratio of 23.21, a P/E/G ratio of 0.65 and a beta of 0.49. The company has a 50 day moving average of $162.28 and a 200 day moving average of $155.94.

T-Mobile US (NASDAQ:TMUS) last released its earnings results 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 return on equity of 12.69% and a net margin of 10.59%. The company had revenue of $20.48 billion during the quarter, compared to the consensus estimate of $19.67 billion. During the same period last year, the firm posted $1.18 earnings per share. The company’s revenue was up 1.0% compared to the same quarter last year. On average, equities analysts predict that T-Mobile US, Inc. will post 8.95 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $2.60 dividend on an annualized basis and a yield of 1.60%. T-Mobile US’s dividend payout ratio is currently 37.52%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TMUS. Tigress Financial boosted their price target on T-Mobile US from $204.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Wells Fargo & Company upped their target price on T-Mobile US from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Monday, January 22nd. Raymond James lifted their price target on shares of T-Mobile US from $180.00 to $185.00 and gave the company a “strong-buy” rating in a report on Friday, January 26th. Morgan Stanley upped their price objective 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. Finally, Citigroup lifted their target price on shares of T-Mobile US from $176.00 to $184.00 and gave the company a “buy” rating in a research note on Monday, March 25th. One investment 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. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $185.93.

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.