Distillate Capital Partners LLC Purchases New Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Distillate Capital Partners LLC acquired a new position in T-Mobile US, Inc. (NASDAQ:TMUS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 216,512 shares of the Wireless communications provider’s stock, valued at approximately $47,791,000. T-Mobile US makes up about 2.3% of Distillate Capital Partners LLC’s investment portfolio, making the stock its 4th largest holding.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Rakuten Securities Inc. boosted its position in T-Mobile US by 93.9% during the fourth quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 62 shares in the last quarter. CoreFirst Bank & Trust purchased a new position in shares of T-Mobile US during the 4th quarter valued at approximately $28,000. Financial Life Planners purchased a new stake in T-Mobile US in the 4th quarter worth $29,000. Bruce G. Allen Investments LLC raised its position in T-Mobile US by 79.3% during the fourth quarter. Bruce G. Allen Investments LLC now owns 165 shares of the Wireless communications provider’s stock worth $36,000 after acquiring an additional 73 shares during the period. Finally, Albion Financial Group UT purchased a new position in T-Mobile US during the fourth quarter valued at $39,000. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Stock Performance

Shares of T-Mobile US stock opened at $258.67 on Friday. The business has a 50-day simple moving average of $260.28 and a 200-day simple moving average of $237.28. The company has a market cap of $295.34 billion, a PE ratio of 26.75, a P/E/G ratio of 1.55 and a beta of 0.63. T-Mobile US, Inc. has a one year low of $159.14 and a one year high of $276.49. 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 (NASDAQ:TMUS) last announced its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates 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 forecast that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders of record on Friday, May 30th will be issued a dividend of $0.88 per share. The ex-dividend date is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a yield of 1.36%. T-Mobile US’s payout ratio is currently 36.40%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on TMUS shares. Citigroup downgraded shares of T-Mobile US from a “buy” rating to a “neutral” rating and set a $268.00 price target for the company. in a research report on Friday, March 14th. UBS Group lowered T-Mobile US from a “strong-buy” rating to a “hold” rating in a report on Friday, March 21st. HSBC cut shares of T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 target price for the company. in a research report on Wednesday, March 5th. Oppenheimer boosted their price target on shares of T-Mobile US from $250.00 to $275.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Finally, Bank of America increased their price objective on shares of T-Mobile US from $240.00 to $255.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Eleven research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $256.80.

Insider Activity

In other news, Director Srikant M. Datar sold 730 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total transaction of $191,990.00. Following the transaction, the director now directly owns 3,291 shares in the company, valued at approximately $865,533. This trade represents a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.67% of the company’s stock.

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.