Principal Securities Inc. Grows Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Principal Securities Inc. raised its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 21.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 12,175 shares of the Wireless communications provider’s stock after purchasing an additional 2,181 shares during the quarter. Principal Securities Inc.’s holdings in T-Mobile US were worth $2,687,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. DT Investment Partners LLC boosted its position in shares of T-Mobile US by 65.3% during the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 47 shares during the last quarter. Dunhill Financial LLC boosted its position in shares of T-Mobile US by 76.7% during the 3rd quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock valued at $27,000 after acquiring an additional 56 shares during the last quarter. Financial Life Planners acquired a new position in shares of T-Mobile US during the 4th quarter valued at about $29,000. MFA Wealth Advisors LLC boosted its position in shares of T-Mobile US by 128.3% during the 3rd quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 77 shares during the last quarter. Finally, Legacy Investment Solutions LLC acquired a new position in shares of T-Mobile US during the 3rd quarter valued at about $34,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Analysts Set New Price Targets

TMUS has been the topic of several recent research reports. Tigress Financial boosted their price target on shares of T-Mobile US from $280.00 to $290.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Oppenheimer boosted their price target on shares of T-Mobile US from $250.00 to $275.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Citigroup upped their target price on shares of T-Mobile US from $210.00 to $254.00 and gave the company a “buy” rating in a research report on Monday, October 21st. The Goldman Sachs Group upped their target price on shares of T-Mobile US from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, Benchmark reaffirmed a “buy” rating and issued a $255.00 target price on shares of T-Mobile US in a research report on Tuesday, January 28th. Seven equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, T-Mobile US currently has a consensus rating of “Moderate Buy” and an average target price of $251.79.

Insider Buying and Selling at T-Mobile US

In other news, Director Letitia A. Long sold 1,100 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $231.08, for a total value of $254,188.00. Following the completion of the sale, the director now directly owns 5,653 shares of the company’s stock, valued at approximately $1,306,295.24. This represents a 16.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Srikant M. Datar sold 1,000 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $247.19, for a total value of $247,190.00. Following the completion of the sale, the director now directly owns 5,021 shares of the company’s stock, valued at $1,241,140.99. The trade was a 16.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,100 shares of company stock worth $747,378 over the last three months. Insiders own 0.67% of the company’s stock.

T-Mobile US Stock Up 2.2 %

TMUS stock opened at $270.82 on Tuesday. The company’s 50 day moving average price is $227.66 and its 200 day moving average price is $218.93. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. T-Mobile US, Inc. has a fifty-two week low of $158.84 and a fifty-two week high of $271.41. The firm has a market capitalization of $309.21 billion, a price-to-earnings ratio of 28.01, a PEG ratio of 1.44 and a beta of 0.56.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, beating the consensus estimate of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. On average, equities research analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders of record on Friday, May 30th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $3.52 annualized dividend and a yield of 1.30%. T-Mobile US’s dividend payout ratio is currently 36.40%.

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.