Mizuho Securities USA LLC Acquires 14,418 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Mizuho Securities USA LLC increased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 45.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 46,195 shares of the Wireless communications provider’s stock after buying an additional 14,418 shares during the period. Mizuho Securities USA LLC’s holdings in T-Mobile US were worth $10,197,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of TMUS. Principal Financial Group Inc. increased its position in shares of T-Mobile US by 2.5% during the third quarter. Principal Financial Group Inc. now owns 1,978,567 shares of the Wireless communications provider’s stock valued at $408,297,000 after purchasing an additional 47,350 shares during the period. Quest Partners LLC bought a new stake in shares of T-Mobile US during the third quarter valued at approximately $643,000. Prospera Financial Services Inc increased its position in shares of T-Mobile US by 40.4% during the third quarter. Prospera Financial Services Inc now owns 6,849 shares of the Wireless communications provider’s stock valued at $1,414,000 after purchasing an additional 1,972 shares during the period. Prospera Private Wealth LLC bought a new stake in shares of T-Mobile US during the third quarter valued at approximately $119,000. Finally, First Horizon Advisors Inc. increased its position in shares of T-Mobile US by 8.9% during the third quarter. First Horizon Advisors Inc. now owns 1,219 shares of the Wireless communications provider’s stock valued at $252,000 after purchasing an additional 100 shares during the period. 42.49% of the stock is currently owned by institutional investors.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of the stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total value of $191,990.00. Following the transaction, the director now 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 SEC, which can be accessed through the SEC website. Insiders own 0.67% of the company’s stock.

T-Mobile US Trading Down 0.5 %

Shares of TMUS opened at $255.84 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. T-Mobile US, Inc. has a 12-month low of $158.84 and a 12-month high of $276.49. The firm has a market capitalization of $292.10 billion, a PE ratio of 26.46, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64. The stock’s fifty day simple moving average is $248.19 and its 200-day simple moving average is $230.36.

T-Mobile US (NASDAQ:TMUS) last issued 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%. As a group, research analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Dividend Announcement

The business also recently announced 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. This represents a $3.52 annualized dividend and a yield of 1.38%. The ex-dividend date is Friday, May 30th. T-Mobile US’s payout ratio is 36.40%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Citigroup cut T-Mobile US from a “buy” rating to a “neutral” rating and set a $268.00 price target on the stock. in a research report on Friday, March 14th. Scotiabank upped their price target on T-Mobile US from $247.00 to $275.00 and gave the company a “sector perform” rating in a research report on Monday, March 3rd. Oppenheimer upped their price target on T-Mobile US from $250.00 to $275.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. JPMorgan Chase & Co. upped their price target on T-Mobile US from $265.00 to $270.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, Benchmark reiterated a “buy” rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Ten analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $255.80.

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.