Davidson Investment Advisors Raises Stake in T-Mobile US, Inc. $TMUS

Key Points

• Davidson Investment Advisors increased its stake in T-Mobile US by 1.2%, owning 99,839 shares valued at approximately $23.79 million as of the latest SEC filing.
• T-Mobile US recently declared a quarterly dividend of $1.02 per share, up from the previous $0.88, reflecting a positive annual yield of 1.8%.
• Shares of T-Mobile US closed at $229.42, with projected earnings per share of 10.37 for the current fiscal year, as analysts have rated the stock with a consensus price target of $265.13.

Davidson Investment Advisors grew its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 1.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 99,839 shares of the Wireless communications provider's stock after acquiring an additional 1,143 shares during the quarter. Davidson Investment Advisors' holdings in T-Mobile US were worth $23,788,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP grew its stake in shares of T-Mobile US by 1.7% in the 1st quarter. Wellington Management Group LLP now owns 12,846,939 shares of the Wireless communications provider's stock valued at $3,426,407,000 after buying an additional 214,224 shares during the period. Canada Pension Plan Investment Board grew its position in T-Mobile US by 14.3% in the first quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider's stock worth $1,837,399,000 after acquiring an additional 864,030 shares during the period. Goldman Sachs Group Inc. increased its stake in T-Mobile US by 25.4% during 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 acquiring an additional 844,932 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in T-Mobile US by 4.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,050,797 shares of the Wireless communications provider's stock valued at $1,080,388,000 after purchasing an additional 169,562 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of T-Mobile US by 2.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,295,432 shares of the Wireless communications provider's stock valued at $878,925,000 after purchasing an additional 65,394 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company's stock.

Insider Activity

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the firm's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $232.63, for a total transaction of $16,246,879.20. Following the sale, the director owned 646,822,764 shares of the company's stock, valued at approximately $150,470,379,589.32. This trade represents a 0.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders sold 2,418,333 shares of company stock worth $584,293,759. Corporate insiders own 0.37% of the company's stock.

T-Mobile US Stock Up 1.9%

Shares of NASDAQ:TMUS opened at $229.42 on Wednesday. T-Mobile US, Inc. has a fifty-two week low of $208.39 and a fifty-two week high of $276.49. The firm's 50 day moving average price is $242.85 and its 200 day moving average price is $242.34. 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 stock has a market cap of $258.19 billion, a price-to-earnings ratio of 21.64, a price-to-earnings-growth ratio of 1.54 and a beta of 0.59.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $20.99 billion. During the same quarter in the previous year, the business posted $2.49 EPS. The firm's revenue was up 6.9% on a year-over-year basis. As a group, equities research analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be issued a dividend of $1.02 per share. This is a positive change from T-Mobile US's previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a $4.08 dividend on an annualized basis and a yield of 1.8%. T-Mobile US's dividend payout ratio (DPR) is presently 33.21%.

Analysts Set New Price Targets

Several brokerages recently issued reports on TMUS. Wolfe Research reduced their price objective on shares of T-Mobile US from $300.00 to $290.00 and set an "outperform" rating on the stock in a report on Tuesday, September 30th. Scotiabank raised their price target on T-Mobile US from $271.50 to $278.00 and gave the stock a "sector outperform" rating in a research report on Monday, October 6th. Weiss Ratings reissued a "buy (b)" rating on shares of T-Mobile US in a research note on Wednesday, October 8th. Arete Research upgraded T-Mobile US to a "strong-buy" rating in a report on Tuesday, July 8th. Finally, Raymond James Financial upgraded shares of T-Mobile US to a "hold" rating in a research note on Wednesday, October 1st. Three research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $265.13.

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.

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