ASR Vermogensbeheer N.V. purchased a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 139,111 shares of the Wireless communications provider's stock, valued at approximately $37,099,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of Montreal Can lifted its holdings in T-Mobile US by 0.6% in the fourth quarter. Bank of Montreal Can now owns 1,076,017 shares of the Wireless communications provider's stock worth $237,509,000 after buying an additional 6,646 shares during the period. Bank of Nova Scotia grew its position in T-Mobile US by 227.1% during the 4th quarter. Bank of Nova Scotia now owns 217,900 shares of the Wireless communications provider's stock valued at $48,097,000 after purchasing an additional 151,284 shares during the last quarter. APG Asset Management N.V. grew its position in T-Mobile US by 101.2% during the 4th quarter. APG Asset Management N.V. now owns 516,477 shares of the Wireless communications provider's stock valued at $110,094,000 after purchasing an additional 259,747 shares during the last quarter. Azimuth Capital Investment Management LLC lifted its stake in T-Mobile US by 3.0% during the 4th quarter. Azimuth Capital Investment Management LLC now owns 105,973 shares of the Wireless communications provider's stock valued at $23,391,000 after acquiring an additional 3,072 shares during the period. Finally, CenterBook Partners LP bought a new position in T-Mobile US during the 4th quarter valued at about $1,964,000. 42.49% of the stock is currently owned by institutional investors.
Insider Transactions at T-Mobile US
In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $238.08, for a total value of $16,627,507.20. Following the transaction, the director owned 647,660,844 shares in the company, valued at $154,195,093,739.52. The trade was a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 1,695,010 shares of company stock valued at $393,849,666 in the last 90 days. 0.37% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on TMUS shares. Wall Street Zen cut shares of T-Mobile US from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Redburn Atlantic raised shares of T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price objective 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. Rothschild & Co Redburn upgraded 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. Finally, Morgan Stanley raised their price target on T-Mobile US from $265.00 to $285.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $256.31.
Check Out Our Latest Report on T-Mobile US
T-Mobile US Price Performance
TMUS opened at $238.93 on Wednesday. The business's 50-day moving average is $234.76 and its two-hundred day moving average is $245.84. T-Mobile US, Inc. has a 1 year low of $186.52 and a 1 year 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. The firm has a market capitalization of $268.90 billion, a PE ratio of 22.54, a price-to-earnings-growth ratio of 1.32 and a beta of 0.62.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its earnings results 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. 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 analyst estimates of $20.99 billion. During the same quarter in the previous year, the firm earned $2.49 earnings per share. The firm's quarterly revenue was up 6.9% compared to the same quarter last year. Research analysts anticipate 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 paid a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.5%. The ex-dividend date is Friday, August 29th. T-Mobile US's payout ratio is 33.21%.
T-Mobile US Company Profile
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Free Report)
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.
Further Reading
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