Norden Group LLC Increases Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Norden Group LLC boosted its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 13.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,400 shares of the Wireless communications provider’s stock after acquiring an additional 651 shares during the period. Norden Group LLC’s holdings in T-Mobile US were worth $1,192,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Barclays PLC increased its stake 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 purchasing an additional 876,182 shares during the last quarter. Gladstone Institutional Advisory LLC purchased a new stake in T-Mobile US in the 4th quarter valued at about $1,552,000. Trust Co. of Vermont increased its stake in shares of T-Mobile US by 11.9% during the 4th quarter. Trust Co. of Vermont now owns 26,972 shares of the Wireless communications provider’s stock valued at $5,954,000 after acquiring an additional 2,865 shares during the last quarter. Swedbank AB lifted its holdings in shares of T-Mobile US by 5.1% during the 3rd quarter. Swedbank AB now owns 255,044 shares of the Wireless communications provider’s stock worth $52,631,000 after acquiring an additional 12,411 shares during the period. Finally, Rice Partnership LLC acquired a new stake in shares of T-Mobile US in the fourth quarter worth approximately $7,678,000. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Andre Almeida acquired 3,808 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was bought at an average cost of $235.72 per share, with a total value of $897,621.76. Following the acquisition, the director now directly owns 3,808 shares in the company, valued at approximately $897,621.76. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Letitia A. Long sold 1,100 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $231.08, for a total transaction of $254,188.00. Following the completion of the sale, the director now owns 5,653 shares in the company, valued at approximately $1,306,295.24. This trade represents a 16.29 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.67% of the company’s stock.

T-Mobile US Stock Performance

Shares of TMUS stock opened at $269.69 on Monday. The company’s fifty day moving average price is $235.52 and its two-hundred day moving average price is $224.19. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. The firm has a market capitalization of $307.92 billion, a P/E ratio of 27.89, a P/E/G ratio of 1.55 and a beta of 0.56. T-Mobile US, Inc. has a 12 month low of $158.84 and a 12 month high of $273.40.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. On average, research 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 business also recently declared 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. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US’s payout ratio is currently 36.40%.

Wall Street Analysts Forecast Growth

TMUS has been the subject of several research analyst reports. Evercore ISI raised shares of T-Mobile US to a “strong-buy” rating in a research report on Thursday, January 23rd. Scotiabank upped their price objective on T-Mobile US from $234.00 to $247.00 and gave the stock a “sector perform” rating in a report on Thursday, January 30th. Royal Bank of Canada reiterated a “sector perform” rating on shares of T-Mobile US in a report on Wednesday. Wells Fargo & Company restated an “equal weight” rating on shares of T-Mobile US in a research note on Wednesday. Finally, Oppenheimer lifted their price objective on T-Mobile US from $250.00 to $275.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Seven 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. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $251.79.

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.