Banco Santander S.A. Has $30.64 Million Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

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. increased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 4.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 114,886 shares of the Wireless communications provider's stock after acquiring 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 filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Invesco Ltd. increased its stake in shares of T-Mobile US by 4.6% during the fourth quarter. Invesco Ltd. now owns 8,809,417 shares of the Wireless communications provider's stock worth $1,944,503,000 after buying an additional 384,956 shares during the period. Capital International Investors boosted its holdings in shares of T-Mobile US by 36.2% in the fourth quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider's stock valued at $1,440,424,000 after acquiring an additional 1,734,998 shares during the period. Canada Pension Plan Investment Board lifted its holdings in shares of T-Mobile US by 85.5% during the fourth quarter. Canada Pension Plan Investment Board now owns 6,025,096 shares of the Wireless communications provider's stock worth $1,329,919,000 after purchasing an additional 2,777,657 shares during the period. Northern Trust Corp lifted its holdings in shares of T-Mobile US by 13.8% during the fourth quarter. Northern Trust Corp now owns 5,325,541 shares of the Wireless communications provider's stock worth $1,175,507,000 after purchasing an additional 645,892 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in T-Mobile US by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,084,830 shares of the Wireless communications provider's stock worth $901,643,000 after acquiring an additional 25,667 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company's stock.

Insider Activity

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction that occurred on 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 completion of the transaction, the director directly owned 647,660,844 shares of the company's stock, valued at approximately $154,195,093,739.52. This represents a 0.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders sold 1,695,010 shares of company stock valued at $393,849,666. Corporate insiders own 0.37% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Royal Bank Of Canada increased their price objective on 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. Bank of America initiated coverage on T-Mobile US in a research report on Monday, July 7th. They issued a "neutral" rating and a $255.00 price target for the company. Tigress Financial raised their price target on T-Mobile US from $290.00 to $305.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. Wall Street Zen cut T-Mobile US from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Finally, Redburn Atlantic upgraded T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price objective for the company in a research report on Monday, July 7th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, T-Mobile US currently has an average rating of "Moderate Buy" and an average price target of $256.31.

T-Mobile US Stock Up 0.1%

Shares of TMUS traded up $0.29 during trading hours on Wednesday, hitting $239.22. 5,120,955 shares of the company were exchanged, compared to its average volume of 4,355,777. The firm's 50 day moving average is $234.76 and its 200-day moving average is $245.84. T-Mobile US, Inc. has a 52 week low of $189.86 and a 52 week high of $276.49. The company has a market cap of $269.22 billion, a PE ratio of 22.57, a PEG ratio of 1.32 and a beta of 0.62. 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 earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share 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 quarter in the prior year, the company earned $2.49 EPS. The firm's revenue for the quarter was up 6.9% compared to the same quarter last year. On average, equities research analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be issued a $0.88 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.5%. T-Mobile US's dividend 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.