Banque Cantonale Vaudoise Acquires Shares of 10,378 T-Mobile US, Inc. (NASDAQ:TMUS)

Key Points

• Banque Cantonale Vaudoise has acquired 10,378 shares of T-Mobile US, Inc., valued at approximately $2.77 million, during the first quarter of the year.
• T-Mobile US reported $2.84 EPS for the latest quarter, exceeding analysts' expectations of $2.69, with revenues reaching $21.13 billion, a 6.9% increase year-over-year.
• The company announced a quarterly dividend of $0.88 per share, with a yield of 1.47%, reflecting a modest payout ratio of 33.21%.

Banque Cantonale Vaudoise purchased a new stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 10,378 shares of the Wireless communications provider's stock, valued at approximately $2,768,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TMUS. AIA Group Ltd purchased a new position in T-Mobile US in the fourth quarter worth approximately $343,000. Summit Financial LLC grew its position in T-Mobile US by 7.1% in the fourth quarter. Summit Financial LLC now owns 3,585 shares of the Wireless communications provider's stock worth $791,000 after acquiring an additional 238 shares during the period. B. Metzler seel. Sohn & Co. AG grew its position in T-Mobile US by 13.6% in the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 31,499 shares of the Wireless communications provider's stock worth $6,953,000 after acquiring an additional 3,772 shares during the period. HighPoint Advisor Group LLC grew its position in T-Mobile US by 2.0% in the fourth quarter. HighPoint Advisor Group LLC now owns 9,496 shares of the Wireless communications provider's stock worth $2,096,000 after acquiring an additional 182 shares during the period. Finally, StoneX Group Inc. grew its position in T-Mobile US by 10.0% in the fourth quarter. StoneX Group Inc. now owns 18,533 shares of the Wireless communications provider's stock worth $4,091,000 after acquiring an additional 1,690 shares during the period. Institutional investors and hedge funds own 42.49% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on TMUS shares. Royal Bank Of Canada raised their price target 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. Wall Street Zen lowered T-Mobile US from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Scotiabank upgraded T-Mobile US from a "sector perform" rating to a "sector outperform" rating and raised their price target for the stock from $275.00 to $277.50 in a research report on Wednesday, April 30th. Tigress Financial raised their price target on T-Mobile US from $290.00 to $305.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. Finally, 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. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, T-Mobile US presently has a consensus rating of "Moderate Buy" and an average target price of $256.31.

Insider Transactions at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the business's 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 position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last 90 days, insiders sold 1,555,330 shares of company stock valued at $360,568,811. Insiders own 0.37% of the company's stock.

T-Mobile US Stock Down 1.3%

T-Mobile US stock traded down $3.17 during midday trading on Thursday, reaching $238.41. The company's stock had a trading volume of 4,075,941 shares, compared to its average volume of 3,976,442. The business has a 50-day simple moving average of $235.00 and a 200-day simple moving average of $245.15. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33. T-Mobile US, Inc. has a fifty-two week low of $176.89 and a fifty-two week high of $276.49. The company has a market cap of $268.31 billion, a P/E ratio of 22.49, a P/E/G 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 EPS for the quarter, topping 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 for the quarter, compared to analysts' expectations of $20.99 billion. During the same quarter in the previous year, the firm earned $2.49 earnings per share. The business's revenue was up 6.9% compared to the same quarter last year. On average, research analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be given 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

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.