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Fayez Sarofim & Co Purchases New Shares in T-Mobile US, Inc. (NASDAQ:TMUS)

T-Mobile US logo with Computer and Technology background

Key Points

  • Fayez Sarofim & Co has acquired a new position in T-Mobile US, Inc., purchasing 1,945 shares valued at approximately $519,000 during the first quarter.
  • Several institutional investors have significantly increased their stakes in T-Mobile US, including GAMMA Investing LLC, which grew its stake by 29,289.4%.
  • T-Mobile US reported a quarterly earnings per share of $2.84, exceeding analyst expectations, with revenues hitting $21.13 billion, a 6.9% increase year-over-year.
  • Need better tools to track T-Mobile US? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Fayez Sarofim & Co purchased a new stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,945 shares of the Wireless communications provider's stock, valued at approximately $519,000.

Several other hedge funds and other institutional investors also recently modified their holdings of TMUS. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of T-Mobile US by 12.0% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,036,464 shares of the Wireless communications provider's stock valued at $276,435,000 after purchasing an additional 111,402 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of T-Mobile US by 2.0% during 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. ASR Vermogensbeheer N.V. bought a new stake in shares of T-Mobile US during the 1st quarter valued at approximately $37,099,000. Strategy Asset Managers LLC grew its holdings in T-Mobile US by 5.4% during the 1st quarter. Strategy Asset Managers LLC now owns 7,261 shares of the Wireless communications provider's stock worth $1,937,000 after acquiring an additional 372 shares during the last quarter. Finally, Hemington Wealth Management grew its holdings in T-Mobile US by 21.3% during the 1st quarter. Hemington Wealth Management now owns 632 shares of the Wireless communications provider's stock worth $168,000 after acquiring an additional 111 shares during the last quarter. Institutional investors own 42.49% of the company's stock.

T-Mobile US Stock Up 1.3%

T-Mobile US stock traded up $3.18 during midday trading on Tuesday, reaching $252.05. The stock had a trading volume of 1,409,897 shares, compared to its average volume of 4,338,599. T-Mobile US, Inc. has a 12 month low of $192.61 and a 12 month high of $276.49. The company has a market capitalization of $283.67 billion, a P/E ratio of 23.78, a PEG ratio of 1.35 and a beta of 0.62. The company has a fifty day moving average price of $234.95 and a two-hundred day moving average price of $246.75. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released 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 firm had revenue of $21.13 billion for the quarter, compared to analyst estimates of $20.99 billion. During the same period last year, the firm earned $2.49 earnings per share. The business's quarterly revenue was up 6.9% compared to the same quarter last year. As a group, equities analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders 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 dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's dividend payout ratio (DPR) is 33.21%.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the firm's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $238.08, for a total value of $16,627,507.20. Following the transaction, the director directly owned 647,660,844 shares of the company's stock, valued at approximately $154,195,093,739.52. This trade represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 1,764,850 shares of company stock valued at $410,591,012 over the last 90 days. 0.37% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Wall Street Zen lowered shares of T-Mobile US from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Royal Bank Of Canada lifted their target price on T-Mobile US from $265.00 to $270.00 and gave the stock a "sector perform" rating in a report on Friday, July 25th. KeyCorp reaffirmed an "underweight" rating and set a $200.00 target price on shares of T-Mobile US in a report on Wednesday, July 9th. Bank of America initiated coverage on T-Mobile US in a report on Monday, July 7th. They set a "neutral" rating and a $255.00 target price on the stock. Finally, Redburn Atlantic raised T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 target price on the stock in a report on Monday, July 7th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, T-Mobile US has an average rating of "Moderate Buy" and a consensus target price of $256.31.

Read Our Latest Research Report on T-Mobile US

T-Mobile US 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.

See Also

Institutional Ownership by Quarter for T-Mobile US (NASDAQ:TMUS)

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