Fifth Third Bancorp Buys 2,867 Shares of T-Mobile US, Inc. $TMUS

Key Points

• Fifth Third Bancorp increased its stake in T-Mobile US by 1.0%, acquiring an additional 2,867 shares, bringing its total holdings to 300,571 shares valued at approximately $71.61 million.
• Multiple institutional investors have significantly raised their positions in T-Mobile US, with GAMMA Investing LLC increasing its stake by an astonishing 29,289.4% during the first quarter.
• T-Mobile US has announced a dividend increase to $1.02 per share, effective December 11th, reflecting a boost from its previous dividend and providing a yield of 1.7%.

Fifth Third Bancorp grew its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 1.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 300,571 shares of the Wireless communications provider's stock after buying an additional 2,867 shares during the period. Fifth Third Bancorp's holdings in T-Mobile US were worth $71,614,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of TMUS. GAMMA Investing LLC raised its position in shares of T-Mobile US by 29,289.4% during 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 buying an additional 3,043,173 shares during the last quarter. Nuveen LLC bought a new stake in shares of T-Mobile US during the first quarter valued at approximately $618,248,000. Assenagon Asset Management S.A. raised its position in shares of T-Mobile US by 518.8% during the second quarter. Assenagon Asset Management S.A. now owns 1,383,922 shares of the Wireless communications provider's stock valued at $329,733,000 after buying an additional 1,160,275 shares during the last quarter. Canada Pension Plan Investment Board raised its position in shares of T-Mobile US by 14.3% during the first quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider's stock valued at $1,837,399,000 after buying an additional 864,030 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of T-Mobile US by 25.4% during the first quarter. Goldman Sachs Group Inc. now owns 4,172,644 shares of the Wireless communications provider's stock valued at $1,112,886,000 after buying an additional 844,932 shares during the last quarter. Institutional investors own 42.49% of the company's stock.

Insiders Place Their Bets

In related news, Director Telekom Ag Deutsche sold 64,426 shares of the company'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 directly owned 634,628,048 shares of the company's stock, valued at $151,790,336,520.64. This represents a 0.01% 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. Insiders have sold 2,536,460 shares of company stock valued at $611,607,700 over the last ninety days. 0.37% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

TMUS has been the topic of several recent analyst reports. Bank of America started coverage on shares of T-Mobile US in a research report on Monday, July 7th. They set a "neutral" rating and a $255.00 price objective on the stock. JPMorgan Chase & Co. boosted 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 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 target on the stock in a research report on Monday, July 7th. 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 report on Thursday, July 24th. Finally, Arete Research upgraded shares of T-Mobile US to a "strong-buy" rating in a research report on Tuesday, July 8th. Three analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $258.02.

T-Mobile US Trading Up 0.9%

NASDAQ TMUS opened at $239.49 on Wednesday. The company's 50-day moving average price is $244.34 and its 200-day moving average price is $245.31. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33. The stock has a market cap of $269.53 billion, a PE ratio of 22.59, a PEG ratio of 1.30 and a beta of 0.61. T-Mobile US, Inc. has a 12 month low of $200.88 and a 12 month high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, topping 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 analysts' expectations of $20.99 billion. During the same period in the prior year, the business posted $2.49 earnings per share. The business's revenue for the quarter was up 6.9% on a year-over-year basis. Equities research analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 1.7%. This is a boost from T-Mobile US's previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Wednesday, November 26th. T-Mobile US's payout ratio is currently 33.21%.

T-Mobile US Company Profile

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.

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