T-Mobile US, Inc. (NASDAQ:TMUS) Shares Acquired by Banco Santander S.A.

Key Points

• Banco Santander S.A. increased its holdings in T-Mobile US, Inc. by 4.5% during the first quarter, acquiring an additional 4,980 shares to reach a total of 114,886 shares valued at approximately $30.6 million.
• Various institutional investors modified their holdings in T-Mobile US, with some, like Godsey & Gibb Inc. and TCTC Holdings LLC, significantly increasing their ownership by 139.5% and 208.1%, respectively.
• T-Mobile US announced a quarterly dividend of $0.88 per share, representing an annualized dividend yield of 1.5% and a payout ratio of 33.21%.

Banco Santander S.A. lifted its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 4.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 114,886 shares of the Wireless communications provider's stock after buying an additional 4,980 shares during the quarter. Banco Santander S.A.'s holdings in T-Mobile US were worth $30,641,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Godsey & Gibb Inc. raised its holdings in shares of T-Mobile US by 139.5% during the first quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock valued at $27,000 after acquiring an additional 60 shares during the last quarter. TCTC Holdings LLC raised its holdings in shares of T-Mobile US by 208.1% during the first 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 last quarter. Adirondack Trust Co. raised its holdings in shares of T-Mobile US by 366.7% during the first 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 last quarter. City Holding Co. raised its holdings in shares of T-Mobile US by 45.3% during the first quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock valued at $37,000 after acquiring an additional 43 shares during the last quarter. Finally, Pinney & Scofield Inc. acquired a new position in shares of T-Mobile US during the fourth quarter valued at approximately $39,000. Hedge funds and other institutional investors own 42.49% of the company's stock.

Insider Buying and Selling

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the business's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $238.08, for a total transaction of $16,627,507.20. Following the completion of the transaction, the director directly owned 647,660,844 shares of the company's stock, valued at $154,195,093,739.52. The trade was a 0.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last ninety days, insiders sold 1,555,330 shares of company stock worth $360,568,811. Insiders own 0.37% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on TMUS shares. Scotiabank raised T-Mobile US from a "sector perform" rating to a "sector outperform" rating and increased their target price for the company from $275.00 to $277.50 in a report on Wednesday, April 30th. JPMorgan Chase & Co. increased their target price on T-Mobile US from $270.00 to $280.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Redburn Atlantic raised T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 target price for the company in a report on Monday, July 7th. Tigress Financial increased their price target on T-Mobile US from $290.00 to $305.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. Finally, Arete Research raised T-Mobile US to a "strong-buy" rating in a report on Tuesday, July 8th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $256.31.

T-Mobile US Trading Down 0.5%

Shares of NASDAQ TMUS traded down $1.21 during trading on Friday, reaching $237.20. The stock had a trading volume of 3,480,382 shares, compared to its average volume of 4,254,532. T-Mobile US, Inc. has a fifty-two week low of $185.39 and a fifty-two week 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 business's 50-day moving average price is $234.89 and its 200-day moving average price is $245.73. The company has a market cap of $266.95 billion, a P/E ratio of 22.38, a PEG ratio of 1.30 and a beta of 0.62.

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 for the quarter, beating analysts' consensus estimates 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 business had revenue of $21.13 billion during the quarter, compared to analysts' expectations of $20.99 billion. During the same period in the previous year, the firm posted $2.49 earnings per share. The company's revenue was up 6.9% on a year-over-year basis. On average, equities research analysts predict that T-Mobile US, Inc. will post 10.37 EPS 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. Investors of record on Friday, August 29th will be paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's payout ratio is presently 33.21%.

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.