Commonwealth Equity Services LLC Acquires 7,209 Shares of T-Mobile US, Inc. $TMUS

Key Points

• Commonwealth Equity Services increased its T-Mobile US position by 5.4% in the third quarter, adding 7,209 shares to reach 140,004 shares valued at about $22.8 million.
• T-Mobile beat quarterly expectations, reporting EPS of $3.22 versus $2.89 expected and revenue of $23.58 billion, up 7.4% year over year. The company also raised its quarterly dividend from $1.02 to $1.17 per share.
• Analysts give T-Mobile a consensus “Moderate Buy” rating, with an average price target of $238.25; shares opened at $168.71 in the article’s cited session.

Commonwealth Equity Services LLC boosted its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 5.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 140,004 shares of the Wireless communications provider's stock after buying an additional 7,209 shares during the period. Commonwealth Equity Services LLC's holdings in T-Mobile US were worth $22,832,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. BlackRock Inc. purchased a new stake in T-Mobile US during the 2nd quarter worth approximately $6,625,275,000. Bank of New York Mellon Corp purchased a new stake in T-Mobile US during the 2nd quarter worth about $839,194,000. Amundi boosted its holdings in T-Mobile US by 40.6% in the first quarter. Amundi now owns 3,679,795 shares of the Wireless communications provider's stock valued at $772,867,000 after purchasing an additional 1,062,643 shares in the last quarter. Bank of America Corp DE acquired a new position in shares of T-Mobile US in the 2nd quarter valued at $758,977,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of T-Mobile US by 1.1% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,076,380 shares of the Wireless communications provider's stock worth $683,731,000 after purchasing an additional 43,783 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on TMUS shares. Scotiabank increased their price target on T-Mobile US from $212.00 to $214.00 and gave the stock a "sector outperform" rating in a report on Thursday, October 29th. JPMorgan Chase & Co. cut their target price on T-Mobile US from $260.00 to $235.00 and set an "overweight" rating for the company in a research note on Thursday, October 29th. Benchmark reduced their price target on T-Mobile US from $295.00 to $280.00 and set a "buy" rating for the company in a report on Friday, July 24th. The Goldman Sachs Group decreased their price objective on shares of T-Mobile US from $230.00 to $211.00 and set a "buy" rating on the stock in a report on Friday, September 25th. Finally, Raymond James Financial upgraded T-Mobile US from a "market perform" rating to an "outperform" rating and set a $170.00 target price on the stock in a research report on Monday, October 12th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $238.25.

T-Mobile US Stock Up 4.1%

TMUS opened at $168.71 on Tuesday. T-Mobile US, Inc. has a 1 year low of $143.75 and a 1 year high of $224.75. The firm has a 50 day moving average price of $164.71 and a 200 day moving average price of $186.11. The company has a market cap of $178.71 billion, a PE ratio of 16.28, a price-to-earnings-growth ratio of 0.92 and a beta of 0.40. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.78 and a current ratio of 0.91.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings data on Wednesday, October 28th. The Wireless communications provider reported $3.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.89 by $0.33. T-Mobile US had a net margin of 12.05% and a return on equity of 21.47%. The company had revenue of $23.58 billion during the quarter, compared to the consensus estimate of $23.15 billion. During the same quarter last year, the company earned $2.41 earnings per share. T-Mobile US's revenue for the quarter was up 7.4% on a year-over-year basis. Sell-side analysts expect that T-Mobile US, Inc. will post 11.44 earnings per share for the current year.

T-Mobile US Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Wednesday, November 25th will be paid a $1.17 dividend. The ex-dividend date is Wednesday, November 25th. This is an increase from T-Mobile US's previous quarterly dividend of $1.02. This represents a $4.68 dividend on an annualized basis and a yield of 2.8%. T-Mobile US's payout ratio is presently 39.38%.

Insider Activity at T-Mobile US

In other T-Mobile US news, CAO Daniel James Drobac sold 772 shares of the stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $178.33, for a total value of $137,670.76. Following the sale, the chief accounting officer directly owned 35,118 shares of the company's stock, valued at $6,262,592.94. This trade represents a 2.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.32% of the company's stock.

T-Mobile US Company Profile

T-Mobile US, Inc is a wireless communications provider serving consumers, businesses and government customers in the United States. Its services include wireless voice, messaging and data, as well as broadband internet delivered over its wireless network.

The company offers service under the T-Mobile and Metro by T-Mobile brands. Its products and services include mobile plans, smartphones and other connected devices, home internet, and solutions for business customers.

T-Mobile traces its roots to VoiceStream Wireless, which Deutsche Telekom acquired in 2001.

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