Landscape Capital Management L.L.C. Takes $1 Million Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Landscape Capital Management L.L.C. acquired a new position in T-Mobile US, Inc. (NASDAQ:TMUS) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,531 shares of the Wireless communications provider’s stock, valued at approximately $1,000,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TMUS. Geode Capital Management LLC lifted its holdings in shares of T-Mobile US by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 11,857,917 shares of the Wireless communications provider’s stock valued at $2,610,542,000 after purchasing an additional 90,755 shares in the last quarter. Norges Bank bought a new position in T-Mobile US during the 4th quarter valued at about $1,802,393,000. Franklin Resources Inc. boosted its holdings in shares of T-Mobile US by 9.9% during the 3rd quarter. Franklin Resources Inc. now owns 6,553,703 shares of the Wireless communications provider’s stock valued at $1,448,426,000 after acquiring an additional 590,711 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of T-Mobile US by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,230,038 shares of the Wireless communications provider’s stock worth $712,966,000 after acquiring an additional 85,012 shares during the period. Finally, Barclays PLC raised its holdings in shares of T-Mobile US by 38.3% during 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. 42.49% of the stock is owned by institutional investors.

T-Mobile US Trading Down 7.4 %

TMUS stock opened at $248.11 on Friday. The firm has a fifty day moving average price of $257.41 and a 200 day moving average price of $235.01. T-Mobile US, Inc. has a fifty-two week low of $159.14 and a fifty-two week high of $276.49. The firm has a market cap of $283.28 billion, a PE ratio of 25.66, a price-to-earnings-growth ratio of 1.55 and a beta of 0.63. 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 issued its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, topping 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%. Sell-side 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 disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders of record on Friday, May 30th will be given a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a yield of 1.42%. T-Mobile US’s dividend payout ratio (DPR) is presently 36.40%.

Insider Activity

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

Wall Street Analyst Weigh In

A number of research firms have commented on TMUS. Wells Fargo & Company reaffirmed an “equal weight” rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Morgan Stanley assumed coverage on T-Mobile US in a research report on Monday, December 16th. They set an “overweight” rating and a $280.00 price objective for the company. Royal Bank of Canada raised their target price on T-Mobile US from $245.00 to $260.00 and gave the stock a “sector perform” rating in a research report on Friday, March 21st. Evercore ISI raised shares of T-Mobile US to a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, KeyCorp downgraded shares of T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 price objective on the stock. in a report on Thursday, December 12th. Eleven research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $256.80.

T-Mobile US Company 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.