Paradigm Asset Management Co. LLC Makes New $3.05 Million Investment in T-Mobile US, Inc. (NASDAQ:TMUS)

Paradigm Asset Management Co. LLC purchased a new position in T-Mobile US, Inc. (NASDAQ:TMUS) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 13,800 shares of the Wireless communications provider’s stock, valued at approximately $3,046,000. T-Mobile US accounts for 0.8% of Paradigm Asset Management Co. LLC’s portfolio, making the stock its 22nd biggest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FMR LLC boosted its stake in shares of T-Mobile US by 13.4% during the 3rd quarter. FMR LLC now owns 12,893,770 shares of the Wireless communications provider’s stock valued at $2,660,758,000 after buying an additional 1,522,394 shares during the last quarter. Barclays PLC raised its position in shares of T-Mobile US by 38.3% during the 3rd quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock valued at $653,160,000 after acquiring an additional 876,182 shares in the last quarter. Wellington Management Group LLP raised its position in shares of T-Mobile US by 4.0% during the 3rd quarter. Wellington Management Group LLP now owns 15,524,529 shares of the Wireless communications provider’s stock valued at $3,203,642,000 after acquiring an additional 602,786 shares in the last quarter. Franklin Resources Inc. raised its position in shares of T-Mobile US by 9.9% during the 3rd quarter. Franklin Resources Inc. now owns 6,553,703 shares of the Wireless communications provider’s stock valued at $1,448,426,000 after acquiring an additional 590,711 shares in the last quarter. Finally, Nordea Investment Management AB raised its position in shares of T-Mobile US by 36.9% during the 4th quarter. Nordea Investment Management AB now owns 1,473,540 shares of the Wireless communications provider’s stock valued at $324,960,000 after acquiring an additional 397,345 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Wall Street Analyst Weigh In

TMUS has been the topic of several research reports. Evercore ISI raised T-Mobile US to a “strong-buy” rating in a research report on Thursday, January 23rd. Benchmark reissued a “buy” rating and set a $255.00 price target on shares of T-Mobile US in a research report on Tuesday, January 28th. Sanford C. Bernstein initiated coverage on T-Mobile US in a research report on Tuesday, December 10th. They set a “market perform” rating and a $265.00 price target on the stock. BNP Paribas raised T-Mobile US to a “strong-buy” rating in a research report on Friday, October 25th. Finally, Wells Fargo & Company increased their target price on T-Mobile US from $220.00 to $235.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 30th. Seven equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $251.79.

T-Mobile US Stock Up 0.8 %

TMUS opened at $265.40 on Friday. The company has a market capitalization of $303.02 billion, a PE ratio of 27.45, a price-to-earnings-growth ratio of 1.53 and a beta of 0.56. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. T-Mobile US, Inc. has a fifty-two week low of $158.84 and a fifty-two week high of $271.41. The business has a 50-day moving average of $230.32 and a 200-day moving average of $220.66.

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

T-Mobile US Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be issued a $0.88 dividend. The ex-dividend date is Friday, May 30th. This represents a $3.52 annualized dividend and a yield of 1.33%. T-Mobile US’s dividend payout ratio (DPR) is currently 36.40%.

Insider Buying and Selling

In other news, Director Srikant M. Datar sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $246.00, for a total transaction of $246,000.00. Following the sale, the director now directly owns 4,021 shares in the company, valued at approximately $989,166. The trade was a 19.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Andre Almeida acquired 3,808 shares of the stock in a transaction dated Monday, December 9th. The shares were purchased at an average price of $235.72 per share, for a total transaction of $897,621.76. Following the completion of the transaction, the director now owns 3,808 shares of the company’s stock, valued at $897,621.76. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 3,100 shares of company stock worth $747,378. 0.67% of the stock is currently owned by insiders.

T-Mobile US Profile

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.