Bowen Hanes & Co. Inc. Boosts Stock Position in T-Mobile US, Inc. $TMUS

Key Points

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Bowen Hanes & Co. Inc. raised its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 518.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 158,050 shares of the Wireless communications provider's stock after buying an additional 132,500 shares during the quarter. Bowen Hanes & Co. Inc.'s holdings in T-Mobile US were worth $42,154,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TMUS. GAMMA Investing LLC raised its position in shares of T-Mobile US by 29,289.4% in the 1st quarter. GAMMA Investing LLC now owns 3,053,563 shares of the Wireless communications provider's stock valued at $814,416,000 after purchasing an additional 3,043,173 shares in the last quarter. Nuveen LLC bought a new position in T-Mobile US during the 1st quarter worth $618,248,000. Deutsche Bank AG grew its stake in shares of T-Mobile US by 38.8% in the fourth quarter. Deutsche Bank AG now owns 3,465,534 shares of the Wireless communications provider's stock worth $764,947,000 after purchasing an additional 968,444 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of T-Mobile US by 25.4% in the first quarter. Goldman Sachs Group Inc. now owns 4,172,644 shares of the Wireless communications provider's stock worth $1,112,886,000 after purchasing an additional 844,932 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of T-Mobile US by 13.8% in the fourth quarter. Northern Trust Corp now owns 5,325,541 shares of the Wireless communications provider's stock valued at $1,175,507,000 after buying an additional 645,892 shares during the period. Hedge funds and other institutional investors own 42.49% of the company's stock.

Insiders Place Their Bets

In other news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $250.87, for a total value of $17,520,760.80. Following the sale, the director owned 636,271,724 shares in the company, valued at $159,621,487,399.88. This trade represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Callie R. Field sold 12,300 shares of the firm's stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $240.80, for a total transaction of $2,961,840.00. Following the completion of the transaction, the insider directly owned 110,891 shares in the company, valued at approximately $26,702,552.80. This represents a 9.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,974,370 shares of company stock worth $462,526,830 in the last quarter. Company insiders own 0.37% of the company's stock.

T-Mobile US Trading Up 0.2%

NASDAQ:TMUS opened at $255.18 on Tuesday. T-Mobile US, Inc. has a 52 week low of $192.61 and a 52 week high of $276.49. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33. The company's 50 day moving average price is $235.93 and its 200-day moving average price is $247.58. The stock has a market cap of $287.18 billion, a price-to-earnings 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 quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.69 by $0.15. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The company had revenue of $21.13 billion for the quarter, compared to the consensus estimate of $20.99 billion. During the same period in the previous year, the firm posted $2.49 EPS. T-Mobile US'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 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be paid a $0.88 dividend. The ex-dividend date is Friday, August 29th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.4%. T-Mobile US's dividend payout ratio is presently 33.21%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TMUS. KeyCorp reissued an "underweight" rating and issued a $200.00 price objective on shares of T-Mobile US in a research note on Wednesday, July 9th. Morgan Stanley increased their price objective on T-Mobile US from $265.00 to $285.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Arete Research raised T-Mobile US to a "strong-buy" rating in a report on Tuesday, July 8th. Scotiabank upgraded T-Mobile US from a "sector perform" rating to a "sector outperform" rating and raised their price objective for the stock from $275.00 to $277.50 in a research report on Wednesday, April 30th. Finally, Royal Bank Of Canada raised 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. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $256.31.

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.

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