DekaBank Deutsche Girozentrale Increases Stake in T-Mobile US, Inc. $TMUS

Key Points

• DekaBank Deutsche Girozentrale increased its stake in T-Mobile US, Inc. (TMUS) by 0.4%, now owning 474,289 shares valued at approximately $111 million.
• T-Mobile recently declared a quarterly dividend of $1.02, up from $0.88, which reflects an annualized yield of 1.8%.
• Wall Street analysts remain optimistic, with an average target price of $266.17 and a rating of "Moderate Buy," despite mixed individual ratings from various firms.

DekaBank Deutsche Girozentrale raised its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 0.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 474,289 shares of the Wireless communications provider's stock after buying an additional 2,093 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in T-Mobile US were worth $111,437,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Activest Wealth Management grew its holdings in T-Mobile US by 9,400.0% during the 1st quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider's stock valued at $25,000 after buying an additional 94 shares in the last quarter. Missouri Trust & Investment Co grew its holdings in T-Mobile US by 807.7% during the 2nd quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider's stock valued at $28,000 after buying an additional 105 shares in the last quarter. Stone House Investment Management LLC purchased a new stake in T-Mobile US during the 1st quarter valued at approximately $29,000. TCTC Holdings LLC grew its holdings 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 valued at $30,000 after buying an additional 77 shares in the last quarter. Finally, Tsfg LLC purchased a new stake in T-Mobile US during the 1st quarter valued at approximately $47,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on TMUS shares. KeyCorp reaffirmed an "underweight" rating and set a $200.00 price objective on shares of T-Mobile US in a report on Wednesday, July 9th. Wolfe Research cut their target price on shares of T-Mobile US from $300.00 to $290.00 and set an "outperform" rating for the company in a report on Tuesday, September 30th. Morgan Stanley raised their target price on shares of T-Mobile US from $265.00 to $285.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Wells Fargo & Company raised shares of T-Mobile US from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $250.00 to $260.00 in a report on Thursday, October 16th. Finally, Moffett Nathanson raised their target price on shares of T-Mobile US from $210.00 to $230.00 and gave the company a "neutral" rating in a report on Thursday, October 2nd. Three research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $266.17.

T-Mobile US Stock Up 0.3%

Shares of TMUS opened at $230.09 on Tuesday. The company has a market cap of $258.95 billion, a PE ratio of 21.71, a P/E/G ratio of 1.57 and a beta of 0.59. The business has a fifty day moving average of $241.58 and a 200 day moving average of $241.22. T-Mobile US, Inc. has a 52-week low of $208.39 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.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly 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. The company had revenue of $21.13 billion during the quarter, compared to the consensus estimate of $20.99 billion. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.T-Mobile US's revenue was up 6.9% on a year-over-year basis. During the same period last year, the company earned $2.49 earnings per share. On average, sell-side analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be given a $1.02 dividend. This is a boost from T-Mobile US's previous quarterly dividend of $0.88. This represents a $4.08 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Wednesday, November 26th. T-Mobile US's dividend payout ratio is 33.21%.

Insider Buying and Selling at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 64,426 shares of T-Mobile US stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $227.75, for a total transaction of $14,673,021.50. Following the completion of the sale, the director directly owned 627,717,621 shares in the company, valued at approximately $142,962,688,182.75. This trade represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 2,343,079 shares of company stock worth $566,860,634 in the last ninety days. 0.37% of the stock is currently owned by company insiders.

T-Mobile US Company 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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