Signal Advisors Wealth LLC acquired a new position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,836 shares of the Wireless communications provider's stock, valued at approximately $676,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in TMUS. GAMMA Investing LLC raised its position in shares of 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 acquiring an additional 3,043,173 shares during the last quarter. Nuveen LLC bought a new stake in shares of T-Mobile US during the first quarter worth $618,248,000. Canada Pension Plan Investment Board raised its position in shares of T-Mobile US by 14.3% during the first quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider's stock worth $1,837,399,000 after acquiring an additional 864,030 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in T-Mobile US by 25.4% in the first quarter. Goldman Sachs Group Inc. now owns 4,172,644 shares of the Wireless communications provider's stock valued at $1,112,886,000 after acquiring an additional 844,932 shares during the last quarter. Finally, Amundi boosted its stake in T-Mobile US by 34.4% in the first quarter. Amundi now owns 3,176,925 shares of the Wireless communications provider's stock valued at $851,066,000 after acquiring an additional 813,331 shares during the last quarter. Institutional investors own 42.49% of the company's stock.
Analysts Set New Price Targets
A number of brokerages have recently commented on TMUS. Wall Street Zen cut T-Mobile US from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Arete Research raised T-Mobile US to a "strong-buy" rating in a research note on Tuesday, July 8th. KeyCorp reaffirmed an "underweight" rating and issued a $200.00 price target on shares of T-Mobile US in a research note on Wednesday, July 9th. Redburn Atlantic upgraded T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price target for the company in a report on Monday, July 7th. Finally, JPMorgan Chase & Co. increased their price target on T-Mobile US from $270.00 to $280.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $258.02.
Read Our Latest Analysis on TMUS
T-Mobile US Price Performance
Shares of TMUS traded down $0.66 during trading hours on Friday, hitting $238.17. 7,442,087 shares of the company were exchanged, compared to its average volume of 3,765,798. The company has a market cap of $268.04 billion, a price-to-earnings ratio of 22.47, a P/E/G ratio of 1.31 and a beta of 0.61. T-Mobile US, Inc. has a fifty-two week low of $197.46 and a fifty-two week high of $276.49. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33. The firm's fifty day moving average is $243.89 and its 200 day moving average is $245.66.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.69 by $0.15. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The company had revenue of $21.13 billion for the quarter, compared to analyst estimates of $20.99 billion. During the same period in the prior year, the firm posted $2.49 EPS. T-Mobile US's quarterly revenue was up 6.9% on a year-over-year basis. On average, equities analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.
T-Mobile US Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Wednesday, November 26th. This is a boost from T-Mobile US's previous quarterly dividend of $0.88. T-Mobile US's dividend payout ratio (DPR) is presently 33.21%.
Insider Buying and Selling
In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $238.08, for a total transaction of $16,627,507.20. Following the transaction, the director directly owned 647,660,844 shares of the company's stock, valued at approximately $154,195,093,739.52. The trade was a 0.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders sold 2,611,714 shares of company stock worth $628,056,504. 0.37% of the stock is currently owned by insiders.
T-Mobile US Profile
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Free Report)
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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