E Fund Management Co. Ltd. increased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 103.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,538 shares of the Wireless communications provider's stock after purchasing an additional 15,542 shares during the period. E Fund Management Co. Ltd.'s holdings in T-Mobile US were worth $8,145,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also added to or reduced their stakes in TMUS. GAMMA Investing LLC boosted its position in shares of T-Mobile US by 29,289.4% in the first quarter. GAMMA Investing LLC now owns 3,053,563 shares of the Wireless communications provider's stock valued at $814,416,000 after acquiring an additional 3,043,173 shares during the period. Canada Pension Plan Investment Board boosted its holdings in T-Mobile US by 85.5% in the 4th quarter. Canada Pension Plan Investment Board now owns 6,025,096 shares of the Wireless communications provider's stock valued at $1,329,919,000 after purchasing an additional 2,777,657 shares during the period. Nuveen LLC acquired a new position in shares of T-Mobile US during the 1st quarter worth approximately $618,248,000. Capital International Investors grew its position in shares of T-Mobile US by 36.2% during the 4th quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider's stock worth $1,440,424,000 after purchasing an additional 1,734,998 shares in the last quarter. Finally, Deutsche Bank AG increased its holdings in shares of T-Mobile US by 38.8% during the fourth quarter. Deutsche Bank AG now owns 3,465,534 shares of the Wireless communications provider's stock worth $764,947,000 after purchasing an additional 968,444 shares during the period. 42.49% of the stock is owned by institutional investors and hedge funds.
T-Mobile US Price Performance
Shares of NASDAQ:TMUS opened at $252.28 on Wednesday. T-Mobile US, Inc. has a fifty-two week low of $192.61 and a fifty-two week high of $276.49. The company's 50-day moving average is $235.12 and its 200 day moving average is $246.79. The company has a market capitalization of $283.92 billion, a P/E ratio of 23.80, a price-to-earnings-growth ratio of 1.37 and a beta of 0.62. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.69 by $0.15. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%. The business had revenue of $21.13 billion for the quarter, compared to analysts' expectations of $20.99 billion. During the same period in the previous year, the business posted $2.49 EPS. The firm's quarterly revenue was up 6.9% compared to the same quarter last year. On average, equities research analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.
T-Mobile US Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's dividend payout ratio (DPR) is currently 33.21%.
Insider Activity at T-Mobile US
In related news, insider Callie R. Field sold 12,300 shares of the 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 transaction, the insider owned 110,891 shares of the company's stock, valued at $26,702,552.80. This represents a 9.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jon Freier sold 7,000 shares of T-Mobile US stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $250.00, for a total value of $1,750,000.00. Following the sale, the insider directly owned 199,643 shares of the company's stock, valued at approximately $49,910,750. This trade represents a 3.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,904,530 shares of company stock valued at $445,006,069 over the last three months. 0.37% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
TMUS has been the subject of several recent research reports. Rothschild & Co Redburn upgraded T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price target for the company in a research note on Monday, July 7th. JPMorgan Chase & Co. boosted their price target on T-Mobile US from $270.00 to $280.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. 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. Redburn Atlantic upgraded shares of T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 target price on the stock in a research report on Monday, July 7th. Finally, Scotiabank upgraded shares of T-Mobile US from a "sector perform" rating to a "sector outperform" rating and lifted their price target for the stock from $275.00 to $277.50 in a report on Wednesday, April 30th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $256.31.
Check Out Our Latest Research Report on TMUS
T-Mobile US Company Profile
(
Free Report)
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.
Further Reading
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