BlackRock Inc. acquired a new stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 39,499,642 shares of the Wireless communications provider's stock, valued at approximately $6,625,275,000. BlackRock Inc. owned 3.68% of T-Mobile US at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Lansforsakringar Fondforvaltning AB publ lifted its stake in T-Mobile US by 14.6% in the 1st quarter. Lansforsakringar Fondforvaltning AB publ now owns 187,373 shares of the Wireless communications provider's stock worth $39,354,000 after purchasing an additional 23,836 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services grew its position in shares of T-Mobile US by 34.8% in the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 59,958 shares of the Wireless communications provider's stock valued at $12,593,000 after purchasing an additional 15,495 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of T-Mobile US by 16.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 98,469 shares of the Wireless communications provider's stock valued at $20,010,000 after purchasing an additional 14,110 shares during the last quarter. Los Angeles Capital Management LLC increased its holdings in shares of T-Mobile US by 32.7% in the fourth quarter. Los Angeles Capital Management LLC now owns 296,083 shares of the Wireless communications provider's stock valued at $62,370,000 after purchasing an additional 72,922 shares during the last quarter. Finally, Entropy Technologies LP lifted its position in T-Mobile US by 105.9% during the fourth quarter. Entropy Technologies LP now owns 36,117 shares of the Wireless communications provider's stock worth $7,333,000 after buying an additional 18,573 shares in the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity at T-Mobile US
In other news, COO Jon Freier sold 4,799 shares of the company's stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $190.00, for a total transaction of $911,810.00. Following the sale, the chief operating officer owned 217,168 shares of the company's stock, valued at approximately $41,261,920. This represents a 2.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.32% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on the company. Sanford C. Bernstein reiterated a "neutral" rating on shares of T-Mobile US in a report on Wednesday, April 22nd. Arete Research upped their price objective on shares of T-Mobile US from $295.00 to $300.00 and gave the company a "buy" rating in a report on Tuesday, May 5th. Scotiabank cut their price objective on shares of T-Mobile US from $263.00 to $243.00 and set a "sector outperform" rating for the company in a research report on Wednesday, July 15th. Weiss Ratings downgraded shares of T-Mobile US from a "hold (c+)" rating to a "hold (c)" rating in a research note on Monday, June 15th. Finally, Wolfe Research reiterated a "peer perform" rating on shares of T-Mobile US in a report on Friday. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $252.08.
Check Out Our Latest Stock Analysis on T-Mobile US
T-Mobile US Price Performance
TMUS opened at $180.12 on Tuesday. The stock's 50-day moving average price is $181.63 and its 200 day moving average price is $194.24. T-Mobile US, Inc. has a 12-month low of $165.66 and a 12-month high of $261.56. The firm has a market cap of $193.21 billion, a price-to-earnings ratio of 18.86, a PEG ratio of 1.03 and a beta of 0.33. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 1.48.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.40. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.The company had revenue of $22.79 billion during the quarter, compared to the consensus estimate of $22.95 billion. During the same period in the previous year, the company posted $2.84 EPS. T-Mobile US's revenue was up 7.9% compared to the same quarter last year. As a group, sell-side analysts expect that T-Mobile US, Inc. will post 10.73 earnings per share for the current year.
T-Mobile US Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 28th will be issued a dividend of $1.02 per share. The ex-dividend date is Friday, August 28th. This represents a $4.08 dividend on an annualized basis and a yield of 2.3%. T-Mobile US's dividend payout ratio is 42.72%.
T-Mobile US Profile
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Free Report)
T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.
Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.
See Also
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