T-Mobile US, Inc. (NASDAQ:TMUS) Shares Purchased by AIA Group Ltd

Key Points

• AIA Group Ltd significantly increased its holdings in T-Mobile US, acquiring an additional 9,583 shares, which raised their total ownership by 616.7% to 11,137 shares valued at approximately $2,970,000.
• Multiple large investors have shown increasing interest in T-Mobile US, with 42.49% of the stock currently owned by institutional investors, reflecting a strong market confidence.
• Recently, T-Mobile US announced a quarterly dividend of $0.88 per share, set to be paid on September 11th, representing an annualized yield of 1.4%.

AIA Group Ltd increased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 616.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,137 shares of the Wireless communications provider's stock after acquiring an additional 9,583 shares during the period. AIA Group Ltd's holdings in T-Mobile US were worth $2,970,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital International Investors lifted its holdings in T-Mobile US by 36.2% during the 4th quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider's stock worth $1,440,424,000 after buying an additional 1,734,998 shares during the period. Canada Pension Plan Investment Board lifted its stake 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 during the period. Northern Trust Corp lifted its stake in shares of T-Mobile US by 13.8% in the 4th quarter. Northern Trust Corp now owns 5,325,541 shares of the Wireless communications provider's stock valued at $1,175,507,000 after purchasing an additional 645,892 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of T-Mobile US by 25.4% in the 1st 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 purchasing an additional 844,932 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of T-Mobile US by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,084,830 shares of the Wireless communications provider's stock valued at $901,643,000 after purchasing an additional 25,667 shares during the period. Institutional investors own 42.49% of the company's stock.

Analyst Ratings Changes

TMUS has been the topic of a number of recent analyst reports. Redburn Atlantic raised T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price objective on the stock in a research note on Monday, July 7th. Royal Bank Of Canada boosted their price objective on T-Mobile US from $265.00 to $270.00 and gave the company a "sector perform" rating in a research note on Friday, July 25th. Rothschild & Co Redburn raised T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price target on the stock in a research note on Monday, July 7th. Scotiabank raised T-Mobile US from a "sector perform" rating to a "sector outperform" rating and raised their price objective for the company from $275.00 to $277.50 in a research note on Wednesday, April 30th. Finally, Bank of America initiated coverage on T-Mobile US in a report on Monday, July 7th. They set a "neutral" rating and a $255.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $256.31.

T-Mobile US Trading Down 0.6%

Shares of TMUS traded down $1.44 during mid-day trading on Wednesday, reaching $250.84. 3,152,114 shares of the company's stock traded hands, compared to its average volume of 4,480,692. The stock has a market cap of $282.30 billion, a P/E ratio of 23.66, a P/E/G ratio of 1.39 and a beta of 0.62. The stock's 50-day moving average is $235.30 and its two-hundred day moving average is $246.82. T-Mobile US, Inc. has a 12 month low of $192.61 and a 12 month high of $276.49. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.21 and a quick ratio of 1.13.

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 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 analysts' expectations of $20.99 billion. During the same quarter in the prior year, the firm earned $2.49 earnings per share. T-Mobile US's revenue was up 6.9% compared to the same quarter last year. Research analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be issued a dividend of $0.88 per share. The ex-dividend date is Friday, August 29th. This represents a $3.52 dividend on an annualized basis and a yield of 1.4%. T-Mobile US's dividend payout ratio is currently 33.21%.

Insiders Place Their Bets

In other news, insider Callie R. Field sold 12,300 shares of the stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $240.80, for a total transaction of $2,961,840.00. Following the completion of the sale, the insider owned 110,891 shares in the company, valued at approximately $26,702,552.80. This represents a 9.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jon Freier sold 7,000 shares of the company's stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $250.00, for a total value of $1,750,000.00. Following the completion of the transaction, the insider directly owned 199,643 shares in the company, valued at approximately $49,910,750. The trade was a 3.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,904,530 shares of company stock worth $445,006,069 over the last 90 days. Company insiders own 0.37% of the company's stock.

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.