T-Mobile US, Inc. (NASDAQ:TMUS) Shares Bought by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. lifted its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 11.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,410 shares of the Wireless communications provider’s stock after acquiring an additional 1,522 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in T-Mobile US were worth $2,352,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Norges Bank purchased a new position in T-Mobile US in the fourth quarter valued at $3,338,708,000. Morgan Stanley grew its holdings in shares of T-Mobile US by 0.9% during the third quarter. Morgan Stanley now owns 11,255,490 shares of the Wireless communications provider’s stock worth $1,576,332,000 after purchasing an additional 104,490 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of T-Mobile US by 7.1% during the third quarter. Royal Bank of Canada now owns 10,505,308 shares of the Wireless communications provider’s stock worth $1,471,269,000 after purchasing an additional 693,443 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of T-Mobile US by 200.0% during the fourth quarter. Wellington Management Group LLP now owns 6,362,601 shares of the Wireless communications provider’s stock worth $1,020,116,000 after purchasing an additional 4,241,877 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of T-Mobile US by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,258,386 shares of the Wireless communications provider’s stock worth $682,699,000 after purchasing an additional 23,800 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Wall Street Analyst Weigh In

TMUS has been the topic of several research reports. Oppenheimer reaffirmed an “outperform” rating and set a $190.00 price objective on shares of T-Mobile US in a report on Wednesday, April 3rd. The Goldman Sachs Group assumed coverage on T-Mobile US in a report on Monday. They set a “buy” rating and a $200.00 price objective on the stock. StockNews.com downgraded shares of T-Mobile US from a “buy” rating to a “hold” rating in a research note on Wednesday. KeyCorp lifted their price objective on T-Mobile US from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Finally, Bank of America lifted their price objective on T-Mobile US from $175.00 to $195.00 and gave the company a “buy” rating in a report on Monday, June 10th. One research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $190.79.

Insider Transactions at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 189,670 shares of the stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $161.20, for a total transaction of $30,574,804.00. Following the transaction, the director now owns 680,667,786 shares of the company’s stock, valued at $109,723,647,103.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Telekom Ag Deutsche sold 189,670 shares of the stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $161.20, for a total transaction of $30,574,804.00. Following the sale, the director now owns 680,667,786 shares in the company, valued at $109,723,647,103.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO G Michael Sievert sold 20,000 shares of the stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $163.20, for a total transaction of $3,264,000.00. Following the sale, the chief executive officer now owns 458,124 shares in the company, valued at approximately $74,765,836.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,210,160 shares of company stock valued at $1,041,105,611. Insiders own 0.67% of the company’s stock.

T-Mobile US Stock Performance

NASDAQ:TMUS opened at $178.46 on Friday. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.94 and a quick ratio of 0.86. The firm has a 50-day moving average of $171.09 and a two-hundred day moving average of $165.05. The stock has a market cap of $209.13 billion, a P/E ratio of 24.28, a PEG ratio of 0.70 and a beta of 0.51. T-Mobile US, Inc. has a 1-year low of $131.47 and a 1-year high of $182.67.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.17. T-Mobile US had a net margin of 11.15% and a return on equity of 13.61%. The company had revenue of $19.59 billion during the quarter, compared to analysts’ expectations of $19.81 billion. During the same period in the prior year, the company posted $1.58 EPS. The firm’s revenue for the quarter was down .2% on a year-over-year basis. On average, research analysts expect that T-Mobile US, Inc. will post 9.01 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Friday, August 30th will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.60 annualized dividend and a dividend yield of 1.46%. T-Mobile US’s payout ratio is 35.37%.

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.