TD Waterhouse Canada Inc. Boosts Holdings in T-Mobile US, Inc. $TMUS

TD Waterhouse Canada Inc. grew its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 9.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,510 shares of the Wireless communications provider’s stock after acquiring an additional 3,794 shares during the period. TD Waterhouse Canada Inc.’s holdings in T-Mobile US were worth $9,926,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Allworth Financial LP boosted its holdings in shares of T-Mobile US by 14.2% in the 2nd quarter. Allworth Financial LP now owns 6,530 shares of the Wireless communications provider’s stock valued at $1,556,000 after buying an additional 810 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of T-Mobile US by 4.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 450,679 shares of the Wireless communications provider’s stock worth $107,884,000 after buying an additional 19,486 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in shares of T-Mobile US by 7.8% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 204,754 shares of the Wireless communications provider’s stock valued at $49,014,000 after purchasing an additional 14,800 shares during the last quarter. Associated Banc Corp grew its position in T-Mobile US by 50.6% in the 2nd quarter. Associated Banc Corp now owns 25,903 shares of the Wireless communications provider’s stock valued at $6,172,000 after buying an additional 8,700 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp increased its stake in shares of T-Mobile US by 930.5% during the second quarter. OMERS ADMINISTRATION Corp now owns 195,267 shares of the Wireless communications provider’s stock worth $46,524,000 after acquiring an additional 176,319 shares during the period. 42.49% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on TMUS. BNP Paribas Exane dropped their price objective on T-Mobile US from $300.00 to $275.00 and set an “outperform” rating on the stock in a report on Friday, January 16th. Sanford C. Bernstein lowered their price target on shares of T-Mobile US from $265.00 to $245.00 and set a “market perform” rating on the stock in a research report on Thursday, January 15th. Morgan Stanley dropped their price objective on T-Mobile US from $280.00 to $260.00 and set an “overweight” rating for the company in a research report on Wednesday, December 10th. Argus lowered their target price on shares of T-Mobile US from $275.00 to $245.00 and set a “buy” rating for the company in a research note on Tuesday, December 9th. Finally, Wolfe Research lowered their price target on T-Mobile US from $290.00 to $253.00 and set an “outperform” rating for the company in a report on Monday, December 15th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and thirteen have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $256.36.

Insiders Place Their Bets

In other news, Director Letitia A. Long sold 1,457 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $210.32, for a total transaction of $306,436.24. Following the completion of the sale, the director owned 5,438 shares of the company’s stock, valued at approximately $1,143,720.16. This trade represents a 21.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Srini Gopalan acquired 9,800 shares of the firm’s stock in a transaction on Thursday, November 6th. The shares were bought at an average cost of $201.82 per share, with a total value of $1,977,836.00. Following the completion of the acquisition, the chief executive officer owned 90,258 shares in the company, valued at $18,215,869.56. This represents a 12.18% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have sold 51,457 shares of company stock valued at $11,149,636. Corporate insiders own 0.37% of the company’s stock.

T-Mobile US Stock Up 1.6%

NASDAQ TMUS opened at $189.28 on Friday. The business has a 50 day moving average price of $198.01 and a two-hundred day moving average price of $221.27. The stock has a market cap of $211.71 billion, a PE ratio of 18.20, a P/E/G ratio of 1.03 and a beta of 0.45. T-Mobile US, Inc. has a fifty-two week low of $181.36 and a fifty-two week high of $276.49. The company has a quick ratio of 0.80, a current ratio of 0.89 and a debt-to-equity ratio of 1.37.

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Friday, February 27th will be issued a $1.02 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $4.08 dividend on an annualized basis and a yield of 2.2%. T-Mobile US’s dividend payout ratio is currently 39.23%.

T-Mobile US Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.