Commerzbank Aktiengesellschaft FI Invests $2.78 Million in T-Mobile US, Inc. $TMUS

Key Points

• Commerzbank Aktiengesellschaft FI purchased 16,586 T-Mobile US shares during the second quarter, worth approximately $2.78 million. Institutional investors and hedge funds collectively own 42.49% of the company.
• Analysts maintain a generally positive view, with a consensus rating of “Moderate Buy” and an average price target of $252.08, despite recent target-price reductions from Wells Fargo and KeyCorp.
• T-Mobile US reported quarterly EPS of $2.99, exceeding estimates of $2.59, while revenue rose 7.9% year over year to $22.79 billion. The company also declared a quarterly dividend of $1.02 per share, representing a 2.3% annualized yield.

Commerzbank Aktiengesellschaft FI bought a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 16,586 shares of the Wireless communications provider's stock, valued at approximately $2,782,000.

Other institutional investors have also recently added to or reduced their stakes in the company. JDM Financial Group LLC lifted its holdings in T-Mobile US by 114.0% during the fourth quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider's stock valued at $25,000 after purchasing an additional 65 shares in the last quarter. Main Street Group LTD purchased a new stake in shares of T-Mobile US during the first quarter worth about $25,000. Swiss RE Ltd. purchased a new stake in shares of T-Mobile US during the fourth quarter worth about $29,000. Turning Point Benefit Group Inc. raised its position in shares of T-Mobile US by 3,825.0% during the 4th quarter. Turning Point Benefit Group Inc. now owns 157 shares of the Wireless communications provider's stock worth $32,000 after purchasing an additional 153 shares during the last quarter. Finally, Sachetta LLC raised its position in shares of T-Mobile US by 52.9% during the 1st quarter. Sachetta LLC now owns 159 shares of the Wireless communications provider's stock worth $33,000 after purchasing an additional 55 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company's stock.

Analyst Ratings Changes

TMUS has been the topic of a number of research reports. Sanford C. Bernstein restated a "neutral" rating on shares of T-Mobile US in a report on Wednesday, April 22nd. The Goldman Sachs Group reaffirmed a "buy" rating on shares of T-Mobile US in a research note on Wednesday, April 29th. DZ Bank reiterated a "buy" rating on shares of T-Mobile US in a report on Wednesday, May 6th. Wells Fargo & Company decreased their target price on shares of T-Mobile US from $170.00 to $169.00 and set an "equal weight" rating on the stock in a research note on Friday, July 24th. Finally, KeyCorp lowered their target price on T-Mobile US from $260.00 to $250.00 and set an "overweight" rating on the stock in a report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $252.08.

Insider Activity

In other news, COO Jon Freier sold 4,799 shares of T-Mobile US stock in a transaction that occurred on Thursday, May 21st. The shares were 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. The trade was a 2.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.32% of the stock is owned by corporate insiders.

T-Mobile US Trading Down 1.4%

Shares of TMUS stock opened at $180.12 on Tuesday. The company's 50-day moving average price is $181.63 and its 200-day moving average price is $194.24. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 1.48. The stock 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. T-Mobile US, Inc. has a twelve month low of $165.66 and a twelve month high of $261.56.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.59 by $0.40. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. The firm had revenue of $22.79 billion during the quarter, compared to analysts' expectations of $22.95 billion. During the same period last year, the business earned $2.84 earnings per share. T-Mobile US's revenue was up 7.9% compared to the same quarter last year. As a group, equities analysts predict that T-Mobile US, Inc. will post 10.73 earnings per share for the current year.

T-Mobile US Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders 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 dividend yield of 2.3%. T-Mobile US's dividend payout ratio (DPR) is currently 42.72%.

T-Mobile US Company Profile

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.

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