Harel Insurance Investments & Financial Services Ltd. Acquires New Shares in T-Mobile US, Inc. (NASDAQ:TMUS)

Harel Insurance Investments & Financial Services Ltd. purchased a new stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,504 shares of the Wireless communications provider's stock, valued at approximately $668,000.

Several other institutional investors have also added to or reduced their stakes in TMUS. Norges Bank acquired a new stake in shares of T-Mobile US during the 4th quarter worth approximately $1,802,393,000. GAMMA Investing LLC lifted its stake in T-Mobile US by 29,289.4% during the first quarter. GAMMA Investing LLC now owns 3,053,563 shares of the Wireless communications provider's stock worth $814,416,000 after purchasing an additional 3,043,173 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in shares of T-Mobile US by 85.5% in the 4th quarter. Canada Pension Plan Investment Board now owns 6,025,096 shares of the Wireless communications provider's stock valued at $1,329,919,000 after purchasing an additional 2,777,657 shares in the last quarter. Capital International Investors boosted its holdings in shares of T-Mobile US by 36.2% in the 4th quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider's stock valued at $1,440,424,000 after purchasing an additional 1,734,998 shares in the last quarter. Finally, Deutsche Bank AG increased its stake in shares of T-Mobile US by 38.8% in the 4th quarter. Deutsche Bank AG now owns 3,465,534 shares of the Wireless communications provider's stock valued at $764,947,000 after purchasing an additional 968,444 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the business's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $237.89, for a total value of $16,614,237.60. Following the sale, the director directly owned 647,800,524 shares in the company, valued at $154,105,266,654.36. The trade was a 0.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold a total of 628,560 shares of company stock valued at $144,455,659 in the last quarter. 0.37% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

TMUS has been the subject of a number of research reports. Scotiabank upgraded T-Mobile US from a "sector perform" rating to a "sector outperform" rating and increased their price target for the company from $275.00 to $277.50 in a research note on Wednesday, April 30th. Tigress Financial increased their target price on T-Mobile US from $290.00 to $305.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. Royal Bank Of Canada boosted their price target on T-Mobile US from $245.00 to $260.00 and gave the stock a "sector perform" rating in a report on Friday, March 21st. Citigroup downgraded T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 price objective for the company. in a research note on Friday, March 14th. Finally, Benchmark reiterated a "buy" rating and set a $275.00 target price on shares of T-Mobile US in a research report on Thursday, March 27th. Eleven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, T-Mobile US has an average rating of "Moderate Buy" and a consensus price target of $257.68.

T-Mobile US Stock Up 1.2%

NASDAQ TMUS traded up $2.89 during mid-day trading on Friday, hitting $240.31. The company's stock had a trading volume of 1,998,845 shares, compared to its average volume of 4,099,274. T-Mobile US, Inc. has a twelve month low of $173.74 and a twelve month high of $276.49. The firm has a market capitalization of $272.86 billion, a price-to-earnings ratio of 23.44, a PEG ratio of 1.32 and a beta of 0.62. The company's 50 day simple moving average is $238.63 and its 200 day simple moving average is $243.29. The company has a current ratio of 1.16, a quick ratio of 1.08 and a debt-to-equity ratio of 1.35.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.48 by $0.10. The firm had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.67 billion. T-Mobile US had a net margin of 14.41% and a return on equity of 19.09%. The business's revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.00 EPS. Analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be paid a dividend of $0.88 per share. The ex-dividend date is Friday, August 29th. This represents a $3.52 annualized dividend and a dividend yield of 1.46%. T-Mobile US's payout ratio is currently 34.34%.

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.