Exchange Traded Concepts LLC Raises Stock Position in T-Mobile US, Inc. $TMUS

Key Points

• Exchange Traded Concepts LLC significantly increased its position in T-Mobile US, boosting its stake by 284.9% to a total of 69,794 shares valued at approximately $16.63 million.
• Multiple institutional investors have recently adjusted their holdings in T-Mobile, with some like Activest Wealth Management raising their stake by an extraordinary 9,400% during the first quarter.
• T-Mobile US exceeded analysts' earnings expectations, reporting $2.84 earnings per share for the last quarter, and achieving a revenue of $21.13 billion, which is a 6.9% year-over-year increase.

Exchange Traded Concepts LLC raised its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 284.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 69,794 shares of the Wireless communications provider's stock after acquiring an additional 51,661 shares during the quarter. Exchange Traded Concepts LLC's holdings in T-Mobile US were worth $16,629,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Activest Wealth Management grew its holdings in shares of T-Mobile US by 9,400.0% during the first 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 during the last quarter. Godsey & Gibb Inc. lifted its position in T-Mobile US by 139.5% during the first quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock valued at $27,000 after purchasing an additional 60 shares during the period. Stone House Investment Management LLC bought a new position in T-Mobile US in the first quarter worth approximately $29,000. TCTC Holdings LLC raised its position in T-Mobile US by 208.1% in the first quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock worth $30,000 after acquiring an additional 77 shares during the period. Finally, City Holding Co. raised its position in T-Mobile US by 45.3% in the first quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock worth $37,000 after acquiring an additional 43 shares during the period. 42.49% of the stock is owned by institutional investors.

Insider Activity at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 64,426 shares of the business's stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $239.18, for a total value of $15,409,410.68. Following the completion of the sale, the director owned 634,628,048 shares in the company, valued at approximately $151,790,336,520.64. The trade was a 0.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last three months, insiders have sold 2,606,300 shares of company stock valued at $627,710,011. Insiders own 0.37% of the company's stock.

T-Mobile US Trading Down 0.1%

Shares of T-Mobile US stock traded down $0.16 during trading on Monday, hitting $238.01. The stock had a trading volume of 1,834,794 shares, compared to its average volume of 4,286,219. The firm's fifty day simple moving average is $243.89 and its 200-day simple moving average is $245.54. The stock has a market cap of $267.87 billion, a PE ratio of 22.44, a PEG ratio of 1.31 and a beta of 0.61. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.21 and a quick ratio of 1.13. T-Mobile US, Inc. has a 12 month low of $198.69 and a 12 month high of $276.49.

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 for the quarter, beating analysts' consensus estimates 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 analyst estimates of $20.99 billion. During the same quarter last year, the business posted $2.49 EPS. The firm's revenue for the quarter was up 6.9% on a year-over-year basis. As a group, sell-side analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Wednesday, November 26th. This is a positive change from T-Mobile US's previous quarterly dividend of $0.88. T-Mobile US's dividend payout ratio (DPR) is 33.21%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. KeyCorp reiterated an "underweight" rating and issued a $200.00 price target on shares of T-Mobile US in a research report on Wednesday, July 9th. Morgan Stanley raised their price objective on shares of T-Mobile US from $265.00 to $285.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Rothschild & Co Redburn upgraded shares of T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price objective on the stock in a research report on Monday, July 7th. Redburn Atlantic upgraded shares of T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price objective on the stock in a research report on Monday, July 7th. Finally, The Goldman Sachs Group began coverage on shares of T-Mobile US in a research report on Tuesday, September 2nd. They set a "buy" rating and a $286.00 price objective on the stock. Three investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, T-Mobile US has an average rating of "Moderate Buy" and a consensus price target of $258.02.

About T-Mobile US

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.