Ascent Group LLC Raises Stake in T-Mobile US, Inc. $TMUS

Key Points

• Ascent Group LLC increased its stake in T-Mobile US, Inc. by 9.5% during the second quarter, now holding 34,151 shares valued at $8.1 million.
• T-Mobile US announced a quarterly dividend increase from $0.88 to $1.02, representing an annualized yield of 1.8%.
• The company reported a 6.9% increase in revenue year-over-year, totaling $21.13 billion, and an EPS of $2.84 for the last quarter.

Ascent Group LLC raised its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 9.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 34,151 shares of the Wireless communications provider's stock after acquiring an additional 2,960 shares during the quarter. Ascent Group LLC's holdings in T-Mobile US were worth $8,137,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of TMUS. Activest Wealth Management boosted its position in 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 in the last quarter. Godsey & Gibb Inc. boosted its position in 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 in the last quarter. Missouri Trust & Investment Co boosted its position in T-Mobile US by 807.7% in the 2nd 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 in the last quarter. Stone House Investment Management LLC acquired a new position in shares of T-Mobile US during the 1st quarter worth approximately $29,000. Finally, TCTC Holdings LLC raised its stake in shares of T-Mobile US by 208.1% during the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock worth $30,000 after buying an additional 77 shares during the period. Hedge funds and other institutional investors own 42.49% of the company's stock.

T-Mobile US Stock Up 0.1%

NASDAQ TMUS opened at $230.27 on Friday. The business has a fifty day moving average price of $244.56 and a 200 day moving average price of $244.10. T-Mobile US, Inc. has a one year low of $206.18 and a one year high of $276.49. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21. The company has a market cap of $259.15 billion, a P/E ratio of 21.72, a P/E/G ratio of 1.27 and a beta of 0.59.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, beating 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 firm had revenue of $21.13 billion during the quarter, compared to the consensus estimate of $20.99 billion. During the same period in the prior year, the company earned $2.49 EPS. The firm's revenue was up 6.9% compared to the same quarter last year. Research analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 1.8%. The ex-dividend date is Wednesday, November 26th. This is an increase from T-Mobile US's previous quarterly dividend of $0.88. T-Mobile US's dividend payout ratio (DPR) is currently 38.49%.

Wall Street Analysts Forecast Growth

TMUS has been the subject of several research analyst reports. KeyCorp reaffirmed an "underweight" rating and set a $200.00 target price on shares of T-Mobile US in a research note on Wednesday, July 9th. The Goldman Sachs Group initiated coverage on T-Mobile US in a research note on Tuesday, September 2nd. They set a "buy" rating and a $286.00 target price for the company. Bank of America initiated coverage on T-Mobile US in a research note on Monday, July 7th. They set a "neutral" rating and a $255.00 target price for the company. Deutsche Bank Aktiengesellschaft upped their target price on T-Mobile US from $280.00 to $300.00 in a research note on Thursday. Finally, Royal Bank Of Canada upped their target price on T-Mobile US from $265.00 to $270.00 and gave the stock a "sector perform" rating in a research note on Friday, July 25th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $262.50.

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 64,426 shares of the company's stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $239.54, for a total value of $15,432,604.04. Following the completion of the sale, the director directly owned 634,112,640 shares in the company, valued at $151,895,341,785.60. This represents a 0.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last three months, insiders sold 2,584,633 shares of company stock valued at $623,559,263. 0.37% of the stock is owned by corporate insiders.

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.

Want to see what other hedge funds are holding TMUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for T-Mobile US, Inc. (NASDAQ:TMUS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.