Panagora Asset Management Inc. Has $41.22 Million Holdings in T-Mobile US, Inc. $TMUS

Panagora Asset Management Inc. boosted its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 32.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 203,033 shares of the Wireless communications provider’s stock after purchasing an additional 49,255 shares during the quarter. Panagora Asset Management Inc.’s holdings in T-Mobile US were worth $41,224,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quilter Plc raised its holdings in T-Mobile US by 7.8% during the 4th quarter. Quilter Plc now owns 465,838 shares of the Wireless communications provider’s stock worth $94,584,000 after buying an additional 33,813 shares during the period. CI Investments Inc. lifted its stake in T-Mobile US by 37.8% in the 3rd quarter. CI Investments Inc. now owns 77,630 shares of the Wireless communications provider’s stock worth $18,583,000 after acquiring an additional 21,307 shares in the last quarter. Swiss National Bank lifted its stake in T-Mobile US by 4.6% in the 3rd quarter. Swiss National Bank now owns 1,472,902 shares of the Wireless communications provider’s stock worth $352,583,000 after acquiring an additional 65,400 shares in the last quarter. Xponance Inc. lifted its stake in T-Mobile US by 17.7% in the 3rd quarter. Xponance Inc. now owns 80,749 shares of the Wireless communications provider’s stock worth $19,330,000 after acquiring an additional 12,143 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in T-Mobile US by 16.7% in the 4th quarter. Thrivent Financial for Lutherans now owns 98,469 shares of the Wireless communications provider’s stock worth $20,010,000 after acquiring an additional 14,110 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insider Transactions at T-Mobile US

In other news, COO Jon Freier sold 4,799 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $190.00, for a total transaction of $911,810.00. Following the completion of the sale, the chief operating officer directly owned 217,168 shares of the company’s stock, valued at $41,261,920. This trade represents a 2.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Andre Almeida purchased 5,097 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were purchased at an average cost of $196.18 per share, with a total value of $999,929.46. Following the completion of the purchase, the insider directly owned 44,850 shares in the company, valued at approximately $8,798,673. This represents a 12.82% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.32% of the company’s stock.

T-Mobile US Stock Down 0.1%

TMUS opened at $188.86 on Tuesday. T-Mobile US, Inc. has a fifty-two week low of $174.02 and a fifty-two week high of $261.56. The business has a 50-day moving average of $190.75 and a 200-day moving average of $199.51. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.09 and a quick ratio of 0.97. The company has a market capitalization of $204.38 billion, a PE ratio of 20.09, a price-to-earnings-growth ratio of 1.10 and a beta of 0.31.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share for the quarter, topping analysts’ consensus estimates of $2.01 by $0.26. T-Mobile US had a return on equity of 19.47% and a net margin of 11.65%.The company had revenue of $23.11 billion during the quarter, compared to the consensus estimate of $22.98 billion. During the same period last year, the business earned $2.58 EPS. The business’s quarterly revenue was up 10.6% on a year-over-year basis. Equities research analysts forecast that T-Mobile US, Inc. will post 10.65 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Friday, May 29th were paid a dividend of $1.02 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.2%. T-Mobile US’s dividend payout ratio (DPR) is 43.40%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TMUS. Deutsche Bank Aktiengesellschaft reduced their price objective on T-Mobile US from $300.00 to $285.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Freedom Capital raised T-Mobile US from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 17th. Royal Bank Of Canada reduced their price objective on T-Mobile US from $255.00 to $240.00 and set an “outperform” rating for the company in a research note on Wednesday, April 29th. Wall Street Zen raised T-Mobile US from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, KeyCorp raised T-Mobile US from a “sector weight” rating to an “overweight” rating and set a $260.00 price objective for the company in a research note on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $260.48.

About T-Mobile US

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.