Eurizon Capital SGR S.p.A. Acquires 290,279 Shares of T-Mobile US, Inc. $TMUS

Key Points

• Eurizon Capital SGR increased its T-Mobile stake by 22.5% in the third quarter, adding 290,279 shares to reach 1,581,863 shares valued at about $258 million.
• T-Mobile reported quarterly EPS of $3.22, beating the $2.89 consensus, while revenue rose 7.4% year over year to $23.58 billion.
• The company raised its quarterly dividend from $1.02 to $1.17 per share, equivalent to $4.68 annualized and a 2.7% yield. Analysts’ consensus rating was “Moderate Buy,” with a $235.13 average target price.

Eurizon Capital SGR S.p.A. boosted its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 22.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,581,863 shares of the Wireless communications provider's stock after acquiring an additional 290,279 shares during the quarter. T-Mobile US accounts for about 0.7% of Eurizon Capital SGR S.p.A.'s investment portfolio, making the stock its 27th biggest position. Eurizon Capital SGR S.p.A. owned about 0.15% of T-Mobile US worth $258,023,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in TMUS. Legacy Wealth Asset Management LLC lifted its stake in T-Mobile US by 1.2% during the second quarter. Legacy Wealth Asset Management LLC now owns 4,844 shares of the Wireless communications provider's stock worth $812,000 after purchasing an additional 56 shares during the period. Heartland Bank & Trust Co boosted its holdings in T-Mobile US by 3.5% during the first quarter. Heartland Bank & Trust Co now owns 1,841 shares of the Wireless communications provider's stock valued at $387,000 after purchasing an additional 62 shares in the last quarter. CGN Advisors LLC boosted its holdings in T-Mobile US by 0.6% during the second quarter. CGN Advisors LLC now owns 10,909 shares of the Wireless communications provider's stock valued at $1,830,000 after purchasing an additional 64 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of T-Mobile US by 0.5% in the 3rd quarter. GAMMA Investing LLC now owns 12,108 shares of the Wireless communications provider's stock valued at $1,975,000 after purchasing an additional 66 shares during the period. Finally, City State Bank grew its stake in shares of T-Mobile US by 21.7% in the 3rd quarter. City State Bank now owns 382 shares of the Wireless communications provider's stock valued at $62,000 after purchasing an additional 68 shares during the period. Institutional investors and hedge funds own 42.49% of the company's stock.

Insider Activity

In other news, CAO Daniel James Drobac sold 772 shares of the business's stock in a transaction that occurred 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 transaction, the chief accounting officer directly owned 35,118 shares of the company's stock, valued at $6,262,592.94. The trade was a 2.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.32% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Scotiabank increased their target price 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. Wolfe Research downgraded T-Mobile US from an "outperform" rating to a "peer perform" rating in a research report on Friday, August 14th. Royal Bank Of Canada decreased their price target on T-Mobile US from $240.00 to $230.00 and set an "outperform" rating on the stock in a research note on Monday, July 20th. Benchmark lowered their price target on T-Mobile US from $295.00 to $280.00 and set a "buy" rating on the stock in a research report on Friday, July 24th. Finally, JPMorgan Chase & Co. dropped their price objective 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. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, T-Mobile US has a consensus rating of "Moderate Buy" and a consensus target price of $235.13.

T-Mobile US Trading Down 0.7%

Shares of TMUS stock opened at $171.03 on Friday. T-Mobile US, Inc. has a 12-month low of $143.75 and a 12-month high of $224.75. The company has a market capitalization of $181.17 billion, a P/E ratio of 16.51, a P/E/G ratio of 0.99 and a beta of 0.40. The firm has a 50-day moving average price of $163.96 and a 200 day moving average price of $185.88. The company has a quick ratio of 0.78, a current ratio of 0.91 and a debt-to-equity ratio of 1.45.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings results on Wednesday, October 28th. The Wireless communications provider reported $3.22 EPS for the quarter, beating analysts' consensus estimates of $2.89 by $0.33. The firm had revenue of $23.58 billion for the quarter, compared to analyst estimates of $23.15 billion. T-Mobile US had a net margin of 12.05% and a return on equity of 21.47%. The company's revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the previous year, the business earned $2.41 earnings per share. Research analysts forecast that T-Mobile US, Inc. will post 11.50 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Wednesday, November 25th will be paid a $1.17 dividend. This represents a $4.68 dividend on an annualized basis and a dividend yield of 2.7%. This is an increase from T-Mobile US's previous quarterly dividend of $1.02. The ex-dividend date is Wednesday, November 25th. T-Mobile US's dividend payout ratio is presently 39.38%.

T-Mobile US 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.

Want to see what other hedge funds are holding TMUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for T-Mobile US, Inc. (NASDAQ:TMUS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.