Madison Investment Advisors LLC Purchases New Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Madison Investment Advisors LLC purchased a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,000 shares of the Wireless communications provider’s stock, valued at approximately $2,207,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC raised its holdings in T-Mobile US by 38.3% in the third 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. Gladstone Institutional Advisory LLC acquired a new stake in shares of T-Mobile US during the fourth quarter worth $1,552,000. Trust Co. of Vermont raised its holdings in shares of T-Mobile US by 11.9% during the fourth quarter. Trust Co. of Vermont now owns 26,972 shares of the Wireless communications provider’s stock worth $5,954,000 after purchasing an additional 2,865 shares during the period. Swedbank AB raised its holdings in shares of T-Mobile US by 5.1% during the third quarter. Swedbank AB now owns 255,044 shares of the Wireless communications provider’s stock worth $52,631,000 after purchasing an additional 12,411 shares during the period. Finally, Rice Partnership LLC acquired a new stake in shares of T-Mobile US during the fourth quarter worth $7,678,000. 42.49% of the stock is owned by institutional investors and hedge funds.

T-Mobile US Stock Performance

Shares of TMUS opened at $255.84 on Friday. T-Mobile US, Inc. has a 52-week low of $158.84 and a 52-week high of $276.49. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. The firm has a 50-day moving average price of $248.19 and a 200 day moving average price of $230.36. The firm has a market capitalization of $292.10 billion, a PE ratio of 26.46, a P/E/G ratio of 1.55 and a beta of 0.64.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share 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, sell-side analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be given a dividend of $0.88 per share. The ex-dividend date is Friday, May 30th. This represents a $3.52 annualized dividend and a dividend yield of 1.38%. T-Mobile US’s dividend payout ratio (DPR) is 36.40%.

Insider Activity

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of the company’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total transaction of $191,990.00. Following the completion of the sale, the director now directly owns 3,291 shares of the company’s stock, valued at approximately $865,533. This represents a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. HSBC cut shares of T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 target price on the stock. in a report on Wednesday, March 5th. Scotiabank increased their target price on shares of T-Mobile US from $247.00 to $275.00 and gave the stock a “sector perform” rating in a report on Monday, March 3rd. Wells Fargo & Company reaffirmed an “equal weight” rating on shares of T-Mobile US in a report on Wednesday, February 26th. Royal Bank of Canada increased their price objective on shares of T-Mobile US from $245.00 to $260.00 and gave the stock a “sector perform” rating in a report on Friday. Finally, Tigress Financial reaffirmed a “buy” rating on shares of T-Mobile US in a report on Wednesday, February 26th. Ten equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $255.80.

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.