3,292 Shares in T-Mobile US, Inc. $TMUS Bought by Cypress Capital Group

Key Points

• Cypress Capital Group has acquired a new position in T-Mobile US, purchasing 3,292 shares valued at approximately $784,000.
• T-Mobile US has increased its quarterly dividend to $1.02 per share, up from $0.88, reflecting a boost in their annualized yield to 1.8%.
• Analysts have a consensus rating of "Moderate Buy" for T-Mobile US, with an average price target of $265.13.

Cypress Capital Group bought a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,292 shares of the Wireless communications provider's stock, valued at approximately $784,000.

Other institutional investors have also recently made changes to their positions in the company. Activest Wealth Management raised its holdings in shares of T-Mobile US by 9,400.0% during the first quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider's stock worth $25,000 after purchasing an additional 94 shares during the last quarter. Stone House Investment Management LLC purchased a new position in shares of T-Mobile US during the first quarter worth $29,000. TCTC Holdings LLC raised its holdings in shares of T-Mobile US by 208.1% during the first quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock worth $30,000 after purchasing an additional 77 shares during the last quarter. Missouri Trust & Investment Co raised its holdings in shares of T-Mobile US by 807.7% during the second quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider's stock worth $28,000 after purchasing an additional 105 shares during the last quarter. Finally, N.E.W. Advisory Services LLC purchased a new position in T-Mobile US in the first quarter valued at $47,000. Hedge funds and other institutional investors own 42.49% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TMUS. Redburn Atlantic raised shares of T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price objective for the company in a report on Monday, July 7th. BNP Paribas Exane lifted their price objective on shares of T-Mobile US from $290.00 to $305.00 and gave the company an "outperform" rating in a report on Monday, October 6th. Moffett Nathanson lifted their price objective on shares of T-Mobile US from $210.00 to $230.00 and gave the company a "neutral" rating in a report on Thursday, October 2nd. Scotiabank lifted their price objective on shares of T-Mobile US from $271.50 to $278.00 and gave the company a "sector outperform" rating in a report on Monday, October 6th. Finally, Wolfe Research cut their price objective on shares of T-Mobile US from $300.00 to $290.00 and set an "outperform" rating for the company in a report on Tuesday, September 30th. Three analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $265.13.

Insiders Place Their Bets

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the business's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $238.61, for a total transaction of $16,664,522.40. Following the transaction, the director directly owned 646,613,244 shares in the company, valued at approximately $154,288,386,150.84. The trade was a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders have sold 2,359,321 shares of company stock worth $570,950,708 in the last quarter. Insiders own 0.37% of the company's stock.

T-Mobile US Stock Up 1.1%

Shares of NASDAQ TMUS opened at $228.79 on Monday. The company's 50-day simple moving average is $243.36 and its 200-day simple moving average is $242.71. T-Mobile US, Inc. has a 52-week low of $208.39 and a 52-week high of $276.49. The firm has a market cap of $257.48 billion, a price-to-earnings ratio of 21.58, a price-to-earnings-growth ratio of 1.56 and a beta of 0.59. 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 (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, topping analysts' consensus estimates of $2.69 by $0.15. The firm had revenue of $21.13 billion for the quarter, compared to analyst estimates of $20.99 billion. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. T-Mobile US's quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the business posted $2.49 earnings per share. Equities analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be given a dividend of $1.02 per share. The ex-dividend date is Wednesday, November 26th. This is a boost from T-Mobile US's previous quarterly dividend of $0.88. This represents a $4.08 dividend on an annualized basis and a yield of 1.8%. T-Mobile US's dividend payout ratio (DPR) is presently 38.49%.

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.

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