T-Mobile US, Inc. $TMUS Shares Acquired by Ferguson Wellman Capital Management Inc.

Key Points

• Ferguson Wellman Capital Management Inc. increased its stake in T-Mobile US by 4.6% in Q2, now holding 263,165 shares valued at $62.7 million, making it T-Mobile's 27th largest position.
• Several institutional investors, including Wellington Management and Goldman Sachs, also boosted their holdings in T-Mobile, indicating strong interest in the stock.
• Wall Street analysts have given T-Mobile US a mixed outlook, with an average rating of "Moderate Buy" and a price target average of $258.02, with forecasts for earnings per share at 10.37 for the current year.

Ferguson Wellman Capital Management Inc. lifted its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 4.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 263,165 shares of the Wireless communications provider's stock after purchasing an additional 11,655 shares during the period. T-Mobile US comprises approximately 1.1% of Ferguson Wellman Capital Management Inc.'s portfolio, making the stock its 27th largest position. Ferguson Wellman Capital Management Inc.'s holdings in T-Mobile US were worth $62,702,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Activest Wealth Management raised its stake 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 worth $25,000 after acquiring an additional 94 shares in the last quarter. Godsey & Gibb Inc. raised its stake in T-Mobile US by 139.5% during the 1st quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock worth $27,000 after acquiring an additional 60 shares in the last quarter. Stone House Investment Management LLC acquired a new stake in T-Mobile US during the 1st quarter worth $29,000. TCTC Holdings LLC raised its stake 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 worth $30,000 after acquiring an additional 77 shares in the last quarter. Finally, City Holding Co. raised its stake in T-Mobile US by 45.3% during the 1st quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock worth $37,000 after acquiring an additional 43 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $238.08, for a total transaction of $16,627,507.20. Following the transaction, the director owned 647,660,844 shares of the company's stock, valued at $154,195,093,739.52. This trade represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 2,606,300 shares of company stock worth $627,710,011 over the last quarter. Company insiders own 0.37% of the company's stock.

T-Mobile US Trading Down 0.1%

Shares of TMUS traded down $0.16 on Monday, hitting $238.01. 1,834,794 shares of the stock traded hands, compared to its average volume of 4,286,219. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $267.87 billion, a P/E ratio of 22.44, a P/E/G ratio of 1.31 and a beta of 0.61. The stock's 50 day moving average is $243.89 and its two-hundred day moving average is $245.54. T-Mobile US, Inc. has a 1 year low of $198.69 and a 1 year 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 (EPS) for the quarter, beating the consensus estimate of $2.69 by $0.15. The business had revenue of $21.13 billion for the quarter, compared to the consensus estimate of $20.99 billion. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The company's quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.49 earnings per share. As a group, sell-side analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share 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. Shareholders of record on Wednesday, November 26th will be paid a dividend of $1.02 per share. This is an increase 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 1.7%. The ex-dividend date of this dividend is Wednesday, November 26th. T-Mobile US's payout ratio is 33.21%.

Analyst Ratings Changes

Several equities research analysts recently commented on TMUS shares. JPMorgan Chase & Co. lifted their price target on shares of T-Mobile US from $270.00 to $280.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Bank of America assumed coverage on shares of T-Mobile US in a research note on Monday, July 7th. They issued a "neutral" rating and a $255.00 price objective on the stock. Morgan Stanley boosted their price target on shares of T-Mobile US from $265.00 to $285.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Royal Bank Of Canada boosted their price target on shares of T-Mobile US from $265.00 to $270.00 and gave the stock a "sector perform" rating in a research note on Friday, July 25th. Finally, Redburn Atlantic upgraded shares of T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price target on the stock in a research note on Monday, July 7th. Three research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, T-Mobile US currently has a consensus rating of "Moderate Buy" and an average 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.