17,203 Shares in T-Mobile US, Inc. (NASDAQ:TMUS) Acquired by Associated Banc Corp

Key Points

• Associated Banc Corp has acquired 17,203 shares of T-Mobile US, valued at approximately $4.6 million, indicating increasing institutional interest in the company.
• Insider trades include significant sales by Director Telekom Ag Deutsche, who sold 69,840 shares for over $16.7 million, reflecting a minor decrease in their ownership stake.
• T-Mobile US recently reported a quarterly earnings per share (EPS) of $2.84, exceeding expectations and showcasing a 6.9% year-over-year revenue growth.

Associated Banc Corp purchased a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 17,203 shares of the Wireless communications provider's stock, valued at approximately $4,588,000.

A number of other hedge funds have also recently added to or reduced their stakes in TMUS. Crestwood Advisors Group LLC lifted its position in T-Mobile US by 79.5% during the 1st quarter. Crestwood Advisors Group LLC now owns 1,635 shares of the Wireless communications provider's stock worth $436,000 after acquiring an additional 724 shares during the period. Burling Wealth Partners LLC acquired a new stake in T-Mobile US during the 4th quarter worth approximately $2,539,000. Advisor Resource Council acquired a new stake in T-Mobile US during the 1st quarter worth approximately $463,000. Main Street Research LLC lifted its holdings in shares of T-Mobile US by 1.0% in the 1st quarter. Main Street Research LLC now owns 177,902 shares of the Wireless communications provider's stock valued at $47,448,000 after buying an additional 1,788 shares during the period. Finally, Sawgrass Asset Management LLC acquired a new stake in shares of T-Mobile US in the 1st quarter valued at approximately $6,543,000. Hedge funds and other institutional investors own 42.49% of the company's stock.

Insider Activity

In related news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction on Monday, August 4th. The stock was sold at an average price of $239.24, for a total value of $16,708,521.60. Following the transaction, the director owned 646,264,044 shares in the company, valued at approximately $154,612,209,886.56. This trade represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Callie R. Field sold 12,300 shares of T-Mobile US stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $240.80, for a total value of $2,961,840.00. Following the completion of the transaction, the insider owned 110,891 shares in the company, valued at $26,702,552.80. The trade was a 9.98% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,695,010 shares of company stock valued at $393,849,666 over the last quarter. Company insiders own 0.37% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Tigress Financial raised their price target on T-Mobile US from $290.00 to $305.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. JPMorgan Chase & Co. raised their price target on T-Mobile US from $270.00 to $280.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. KeyCorp reissued an "underweight" rating and issued a $200.00 price target on shares of T-Mobile US in a report on Wednesday, July 9th. Morgan Stanley raised their price target on T-Mobile US from $265.00 to $285.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Finally, Wall Street Zen cut T-Mobile US from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $256.31.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS opened at $238.93 on Wednesday. The company has a market cap of $268.90 billion, a P/E ratio of 22.54, a P/E/G ratio of 1.32 and a beta of 0.62. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33. T-Mobile US, Inc. has a 52 week low of $186.52 and a 52 week high of $276.49. The business has a fifty day simple moving average of $234.76 and a 200-day simple moving average of $245.84.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, beating analysts' consensus estimates of $2.69 by $0.15. The business had revenue of $21.13 billion during the quarter, compared to the consensus estimate of $20.99 billion. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%. The business's revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.49 earnings per share. Equities research analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be given a $0.88 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.5%. T-Mobile US's payout ratio is currently 33.21%.

T-Mobile US 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.

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