Aberdeen Group plc Boosts Stock Holdings in T-Mobile US, Inc. $TMUS

Key Points

• Aberdeen Group plc increased its ownership of T-Mobile US, Inc. shares by 2.9% in Q2, holding 353,758 shares valued at approximately $84.29 million.
• T-Mobile US reported better-than-expected quarterly earnings, with an EPS of $2.84, exceeding the consensus estimate of $2.69, and revenue of $21.13 billion.
• The company announced a dividend increase to $1.02 per share, up from $0.88, with a yield of 1.8%, to be paid on December 11th.

Aberdeen Group plc boosted its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 2.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 353,758 shares of the Wireless communications provider's stock after buying an additional 9,928 shares during the period. Aberdeen Group plc's holdings in T-Mobile US were worth $84,286,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of TMUS. GAMMA Investing LLC increased its stake in T-Mobile US by 10.2% during the 1st quarter. GAMMA Investing LLC now owns 11,449 shares of the Wireless communications provider's stock worth $3,054,000 after buying an additional 1,059 shares in the last quarter. Focus Financial Network Inc. purchased a new stake in T-Mobile US during the 1st quarter worth approximately $262,000. Relyea Zuckerberg Hanson LLC increased its stake in T-Mobile US by 7.2% during the 1st quarter. Relyea Zuckerberg Hanson LLC now owns 1,378 shares of the Wireless communications provider's stock worth $368,000 after buying an additional 92 shares in the last quarter. Everhart Financial Group Inc. increased its stake in T-Mobile US by 5.9% during the 1st quarter. Everhart Financial Group Inc. now owns 1,415 shares of the Wireless communications provider's stock worth $377,000 after buying an additional 79 shares in the last quarter. Finally, West Branch Capital LLC increased its stake in T-Mobile US by 27.2% during the 1st quarter. West Branch Capital LLC now owns 7,293 shares of the Wireless communications provider's stock worth $1,945,000 after buying an additional 1,559 shares in the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

T-Mobile US Trading Up 1.1%

TMUS opened at $228.79 on Friday. T-Mobile US, Inc. has a one year low of $208.39 and a one year high of $276.49. The stock has a market capitalization of $257.48 billion, a PE ratio of 21.58, a P/E/G ratio of 1.56 and a beta of 0.59. The business's 50 day moving average price is $243.36 and its 200 day moving average price is $242.89. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released 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. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The firm had revenue of $21.13 billion for the quarter, compared to analysts' expectations of $20.99 billion. During the same period in the prior year, the firm posted $2.49 earnings per share. The firm's quarterly revenue was up 6.9% on a year-over-year basis. As a group, equities research analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be issued a $1.02 dividend. 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%. The ex-dividend date is Wednesday, November 26th. T-Mobile US's payout ratio is currently 33.21%.

Insider Buying and Selling

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the company's stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $232.63, for a total value of $16,246,879.20. Following the transaction, the director directly owned 646,822,764 shares in the company, valued at approximately $150,470,379,589.32. This represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold 2,499,001 shares of company stock valued at $602,845,239 in the last 90 days. Corporate insiders own 0.37% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on TMUS. Moffett Nathanson boosted their price objective on T-Mobile US from $210.00 to $230.00 and gave the stock a "neutral" rating in a research note on Thursday, October 2nd. The Goldman Sachs Group started coverage on T-Mobile US in a report on Tuesday, September 2nd. They set a "buy" rating and a $286.00 target price on the stock. Wolfe Research lowered their target price on T-Mobile US from $300.00 to $290.00 and set an "outperform" rating on the stock in a report on Tuesday, September 30th. Royal Bank Of Canada boosted their target price on T-Mobile US from $265.00 to $270.00 and gave the stock a "sector perform" rating in a report on Friday, July 25th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of T-Mobile US in a report on Wednesday. Three analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, T-Mobile US presently has a consensus rating of "Moderate Buy" and a consensus price target of $265.13.

T-Mobile US Company 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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