Brandywine Global Investment Management LLC Buys 71,198 Shares of T-Mobile US, Inc. $TMUS

Key Points

• Brandywine Global Investment Management LLC increased its stake in T-Mobile US, Inc. by **19.2%** in Q1, now holding **442,887 shares** worth approximately **$118.1 million**.
• Analysts forecast a **10.37 EPS** for T-Mobile US this fiscal year, with a **moderate buy** rating and a consensus target price of **$256.31**.
• T-Mobile US announced a quarterly dividend of **$0.88 per share**, which will be paid on **September 11th**, with an ex-dividend date of **August 29th**.

Brandywine Global Investment Management LLC raised its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 19.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 442,887 shares of the Wireless communications provider's stock after acquiring an additional 71,198 shares during the period. T-Mobile US makes up approximately 0.9% of Brandywine Global Investment Management LLC's holdings, making the stock its 26th biggest holding. Brandywine Global Investment Management LLC's holdings in T-Mobile US were worth $118,122,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Godsey & Gibb Inc. grew its position in T-Mobile US by 139.5% during the 1st quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock worth $27,000 after purchasing an additional 60 shares during the last quarter. Stone House Investment Management LLC purchased a new stake in shares of T-Mobile US during the first quarter valued at $29,000. TCTC Holdings LLC lifted its position in T-Mobile US by 208.1% during the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock worth $30,000 after acquiring an additional 77 shares during the period. City Holding Co. increased its holdings in shares of T-Mobile US by 45.3% in the first quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock valued at $37,000 after purchasing an additional 43 shares during the period. Finally, Adirondack Trust Co. raised its stake in shares of T-Mobile US by 366.7% in the first quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock worth $37,000 after purchasing an additional 110 shares during the last quarter. Institutional investors own 42.49% of the company's stock.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the company's 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 completion of the sale, the director directly owned 636,271,724 shares of the company's stock, valued at approximately $159,621,487,399.88. This represents a 0.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Callie R. Field sold 12,300 shares of the business's stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $240.80, for a total value of $2,961,840.00. Following the sale, the insider directly owned 110,891 shares in the company, valued at $26,702,552.80. This trade represents a 9.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,974,370 shares of company stock worth $462,526,830. Corporate insiders own 0.37% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on TMUS shares. JPMorgan Chase & Co. upped their price objective on T-Mobile US from $270.00 to $280.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Bank of America initiated coverage on 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. Scotiabank raised shares of T-Mobile US from a "sector perform" rating to a "sector outperform" rating and raised their target price for the company from $275.00 to $277.50 in a report on Wednesday, April 30th. Wall Street Zen cut T-Mobile US from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Finally, Morgan Stanley raised their target price on shares of T-Mobile US from $265.00 to $285.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $256.31.

T-Mobile US Stock Performance

Shares of T-Mobile US stock traded up $0.55 during trading on Monday, reaching $255.18. The company's stock had a trading volume of 3,308,715 shares, compared to its average volume of 4,329,075. T-Mobile US, Inc. has a fifty-two week low of $192.61 and a fifty-two week high of $276.49. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33. The firm has a market cap of $287.18 billion, a PE ratio of 24.07, a P/E/G ratio of 1.39 and a beta of 0.62. The company has a 50-day moving average price of $235.58 and a two-hundred day moving average price of $247.42.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $21.13 billion for the quarter, compared to analyst estimates of $20.99 billion. During the same quarter last year, the business earned $2.49 earnings per share. T-Mobile US's revenue was up 6.9% compared to the same quarter last year. On average, analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The company 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 dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's dividend payout ratio is currently 33.21%.

T-Mobile US 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.