BDF Gestion Acquires 7,268 Shares of T-Mobile US, Inc. $TMUS

Key Points

• BDF Gestion increased its stake in T-Mobile US, Inc. by 42.4%, acquiring an additional 7,268 shares, bringing its total holdings to 24,420 shares valued at approximately $5.8 million.
• T-Mobile US reported a 6.9% year-over-year increase in quarterly revenue, reaching $21.13 billion, and an EPS of $2.84, exceeding analyst estimates.
• The company declared a quarterly dividend of $1.02, an increase from its previous dividend of $0.88, indicating positive financial outlook and shareholder returns.

BDF Gestion raised its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 42.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,420 shares of the Wireless communications provider's stock after acquiring an additional 7,268 shares during the period. BDF Gestion's holdings in T-Mobile US were worth $5,818,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. My Legacy Advisors LLC boosted its stake in shares of T-Mobile US by 3.5% in the second quarter. My Legacy Advisors LLC now owns 8,129 shares of the Wireless communications provider's stock valued at $1,855,000 after buying an additional 272 shares during the period. Phillips Wealth Planners LLC boosted its stake in shares of T-Mobile US by 10.2% in the second quarter. Phillips Wealth Planners LLC now owns 3,688 shares of the Wireless communications provider's stock valued at $870,000 after buying an additional 342 shares during the period. Miller Howard Investments Inc. NY boosted its stake in shares of T-Mobile US by 1.1% in the second quarter. Miller Howard Investments Inc. NY now owns 40,241 shares of the Wireless communications provider's stock valued at $9,588,000 after buying an additional 454 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of T-Mobile US by 518.8% in the second quarter. Assenagon Asset Management S.A. now owns 1,383,922 shares of the Wireless communications provider's stock valued at $329,733,000 after buying an additional 1,160,275 shares during the period. Finally, Oliver Lagore Vanvalin Investment Group bought a new stake in shares of T-Mobile US in the second quarter valued at approximately $49,000. Institutional investors own 42.49% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Morgan Stanley boosted their price objective on shares of T-Mobile US from $265.00 to $285.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Arete Research upgraded shares of T-Mobile US to a "strong-buy" rating in a research report on Tuesday, July 8th. KeyCorp restated an "underweight" rating and set a $200.00 price objective on shares of T-Mobile US in a research report on Wednesday, July 9th. Bank of America assumed coverage on shares of T-Mobile US in a research report on Monday, July 7th. They set a "neutral" rating and a $255.00 price objective for the company. Finally, JPMorgan Chase & Co. boosted their price objective on shares of T-Mobile US from $270.00 to $280.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $258.02.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS traded up $2.63 during trading on Tuesday, hitting $240.07. 2,343,991 shares of the company were exchanged, compared to its average volume of 4,291,069. The business's 50 day moving average is $244.07 and its 200-day moving average is $245.35. The company has a market capitalization of $270.18 billion, a P/E ratio of 22.67, a price-to-earnings-growth ratio of 1.31 and a beta of 0.61. 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 1-year low of $200.88 and a 1-year high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.69 by $0.15. The company had revenue of $21.13 billion during the quarter, compared to the consensus estimate of $20.99 billion. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The company's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the prior year, the business earned $2.49 earnings per share. Equities analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 1.7%. This is an increase from T-Mobile US's previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Wednesday, November 26th. T-Mobile US's payout ratio is currently 33.21%.

Insider Buying and Selling

In other T-Mobile US news, Director Telekom Ag Deutsche sold 64,426 shares of the company's stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $239.18, for a total transaction of $15,409,410.68. Following the sale, the director owned 634,628,048 shares of the company's stock, valued at approximately $151,790,336,520.64. This represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 2,606,300 shares of company stock worth $627,710,011 over the last quarter. Corporate insiders own 0.37% of the company's stock.

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.