BI Asset Management Fondsmaeglerselskab A S Increases Stock Holdings in T-Mobile US, Inc. $TMUS

Key Points

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BI Asset Management Fondsmaeglerselskab A S lifted its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 78.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 86,310 shares of the Wireless communications provider's stock after purchasing an additional 37,935 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in T-Mobile US were worth $23,020,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Godsey & Gibb Inc. boosted its stake in T-Mobile US by 139.5% during the first quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock worth $27,000 after buying an additional 60 shares during the period. Stone House Investment Management LLC purchased a new position in T-Mobile US during the first quarter worth about $29,000. TCTC Holdings LLC boosted its stake in T-Mobile US by 208.1% during the first quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock worth $30,000 after buying an additional 77 shares during the period. Adirondack Trust Co. boosted its stake in T-Mobile US by 366.7% during the first quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock worth $37,000 after buying an additional 110 shares during the period. Finally, City Holding Co. boosted its stake in T-Mobile US by 45.3% during the first quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock worth $37,000 after buying an additional 43 shares during the period. Hedge funds and other institutional investors own 42.49% of the company's stock.

Insider Activity at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction on Monday, July 7th. The shares were sold at an average price of $238.08, for a total value of $16,627,507.20. Following 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Over the last 90 days, insiders have sold 1,974,370 shares of company stock valued at $462,526,830. Insiders own 0.37% of the company's stock.

T-Mobile US Stock Up 0.2%

TMUS stock opened at $255.18 on Tuesday. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33. T-Mobile US, Inc. has a twelve month low of $192.61 and a twelve month high of $276.49. The company's 50 day moving average is $235.93 and its two-hundred day moving average is $247.58. The stock has a market cap of $287.18 billion, a P/E ratio of 24.07, a PEG ratio of 1.39 and a beta of 0.62.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, beating analysts' consensus estimates of $2.69 by $0.15. The business had revenue of $21.13 billion for the quarter, compared to analysts' expectations 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 quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the company posted $2.49 EPS. 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 firm 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. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's payout ratio is presently 33.21%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on TMUS shares. Arete Research raised shares of T-Mobile US to a "strong-buy" rating in a research note on Tuesday, July 8th. JPMorgan Chase & Co. raised 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 note on Thursday, July 24th. Scotiabank raised shares of T-Mobile US from a "sector perform" rating to a "sector outperform" rating and raised their price objective for the company from $275.00 to $277.50 in a research note on Wednesday, April 30th. Royal Bank Of Canada raised their price objective on shares of T-Mobile US from $265.00 to $270.00 and gave the company a "sector perform" rating in a research note on Friday, July 25th. Finally, 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 research note on Monday, July 7th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, T-Mobile US has an average rating of "Moderate Buy" and an average price target of $256.31.

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.

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