Alliancebernstein L.P. Acquires 39,333 Shares of T-Mobile US, Inc. $TMUS

Key Points

• Alliancebernstein L.P. increased its stake in T-Mobile US, owning over 2.7 million shares valued at approximately $729 million after acquiring more shares in the first quarter.
• T-Mobile US reported a net revenue of $21.13 billion for the quarter, surpassing estimates, with an earnings per share of $2.84, indicating a 6.9% growth year-over-year.
• The company's board recently declared a quarterly dividend of $0.88, set to be paid on September 11, reflecting a 1.4% dividend yield on its stock.

Alliancebernstein L.P. lifted its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 1.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,733,815 shares of the Wireless communications provider's stock after purchasing an additional 39,333 shares during the period. Alliancebernstein L.P. owned 0.24% of T-Mobile US worth $729,136,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of TMUS. Activest Wealth Management lifted its position in shares of T-Mobile US by 9,400.0% in the 1st 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 period. Godsey & Gibb Inc. lifted its position in shares of T-Mobile US by 139.5% in the 1st quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock worth $27,000 after purchasing an additional 60 shares during the period. Stone House Investment Management LLC purchased a new stake in shares of T-Mobile US in the 1st quarter worth about $29,000. TCTC Holdings LLC lifted its position in T-Mobile US by 208.1% during the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock valued at $30,000 after acquiring an additional 77 shares during the period. Finally, Adirondack Trust Co. lifted its position in T-Mobile US by 366.7% during the 1st quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock valued at $37,000 after acquiring an additional 110 shares during the period. 42.49% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $256.44, for a total value of $17,909,769.60. Following the completion of the sale, the director directly owned 635,433,644 shares in the company, valued at $162,950,603,667.36. The trade was a 0.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Michael J. Katz sold 2,500 shares of T-Mobile US stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $251.12, for a total transaction of $627,800.00. Following the completion of the sale, the insider owned 158,703 shares of the company's stock, valued at $39,853,497.36. This represents a 1.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,488,250 shares of company stock worth $593,252,506 over the last three months. 0.37% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on TMUS shares. Rothschild & Co Redburn raised shares of T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price target for the company in a research report on Monday, July 7th. The Goldman Sachs Group started coverage on shares of T-Mobile US in a research report on Tuesday. They set a "buy" rating and a $286.00 price target for the company. Bank of America started coverage on shares of T-Mobile US in a research report on Monday, July 7th. They set a "neutral" rating and a $255.00 price target for the company. Arete Research raised shares of T-Mobile US to a "strong-buy" rating in a research report on Tuesday, July 8th. Finally, Redburn Atlantic raised shares of T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price target for the company in a research report on Monday, July 7th. Three research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $258.02.

T-Mobile US Stock Performance

Shares of TMUS stock traded up $0.64 during trading hours on Friday, reaching $252.76. The company had a trading volume of 3,294,176 shares, compared to its average volume of 3,654,834. The business has a fifty day moving average price of $243.02 and a 200-day moving average price of $247.60. T-Mobile US, Inc. has a one year low of $192.61 and a one year high of $276.49. The firm has a market cap of $284.46 billion, a PE ratio of 23.85, a price-to-earnings-growth ratio of 1.38 and a beta of 0.61. 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 announced its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, topping analysts' consensus estimates of $2.69 by $0.15. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The firm had revenue of $21.13 billion during the quarter, compared to analyst estimates of $20.99 billion. During the same period in the previous year, the business posted $2.49 earnings per share. The business's revenue for the quarter was up 6.9% on a year-over-year basis. Sell-side analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

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.