American Century Companies Inc. Buys 62,351 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Key Points

• American Century Companies Inc. increased its shares in T-Mobile US by 17.2%, now holding 424,240 shares valued at approximately $113 million.
• Multiple institutional investors have significantly raised their stakes in T-Mobile US, with GAMMA Investing LLC increasing its holdings by 29,289.4% in the same quarter.
• T-Mobile US recently exceeded earnings expectations, reporting an EPS of $2.84 against an estimate of $2.69, and announced a quarterly dividend of $0.88 per share.

American Century Companies Inc. raised its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 17.2% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 424,240 shares of the Wireless communications provider's stock after purchasing an additional 62,351 shares during the period. American Century Companies Inc.'s holdings in T-Mobile US were worth $113,149,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. GAMMA Investing LLC lifted its holdings in shares of T-Mobile US by 29,289.4% in the 1st quarter. GAMMA Investing LLC now owns 3,053,563 shares of the Wireless communications provider's stock valued at $814,416,000 after acquiring an additional 3,043,173 shares during the last quarter. Nuveen LLC bought a new position in shares of T-Mobile US in the 1st quarter valued at about $618,248,000. Deutsche Bank AG lifted its holdings in shares of T-Mobile US by 38.8% in the 4th quarter. Deutsche Bank AG now owns 3,465,534 shares of the Wireless communications provider's stock valued at $764,947,000 after acquiring an additional 968,444 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings 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 acquiring an additional 844,932 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings 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 acquiring an additional 645,892 shares during the last quarter. Institutional investors own 42.49% of the company's stock.

Analysts Set New Price Targets

TMUS has been the subject of a number of analyst reports. 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 report on Monday, July 7th. Arete Research raised shares of T-Mobile US to a "strong-buy" rating in a report on Tuesday, July 8th. Bank of America initiated coverage on shares of T-Mobile US in a report on Monday, July 7th. They issued a "neutral" rating and a $255.00 price target for the company. Scotiabank raised shares of T-Mobile US from a "sector perform" rating to a "sector outperform" rating and increased their price target for the company from $275.00 to $277.50 in a report on Wednesday, April 30th. Finally, Royal Bank Of Canada increased their price objective on shares of T-Mobile US from $265.00 to $270.00 and gave the stock a "sector perform" rating in a research report on Friday, July 25th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $256.31.

T-Mobile US Stock Performance

Shares of NASDAQ:TMUS opened at $254.63 on Friday. The firm has a market cap of $286.57 billion, a PE ratio of 24.02, a price-to-earnings-growth ratio of 1.39 and a beta of 0.62. The firm's 50 day simple moving average is $235.58 and its 200-day simple moving average is $247.33. 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, Inc. has a one year low of $192.61 and a one year high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.69 by $0.15. The company 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 revenue was up 6.9% compared to the same quarter last year. During the same period last year, the company posted $2.49 earnings per share. As a group, equities analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's dividend payout ratio (DPR) is presently 33.21%.

Insider Transactions at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction that occurred on Monday, July 7th. The shares were 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 $154,195,093,739.52. This trade represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders have sold 1,974,370 shares of company stock worth $462,526,830 over the last 90 days. Company insiders own 0.37% of the company's stock.

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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