Hardman Johnston Global Advisors LLC Has $31.98 Million Stock Position in T-Mobile US, Inc. $TMUS

Key Points

• Hardman Johnston Global Advisors LLC reduced its stake in T-Mobile US by 10.1%, now holding approximately $31.98 million worth of shares.
• Several major hedge funds have increased their positions in T-Mobile US, with Assenagon Asset Management boosting its holdings by 518.8% in the second quarter.
• T-Mobile US announced a quarterly dividend increase, now set at $1.02, up from $0.88, with the ex-dividend date on November 26th.

Hardman Johnston Global Advisors LLC cut its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 10.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 134,220 shares of the Wireless communications provider's stock after selling 15,010 shares during the period. T-Mobile US makes up approximately 1.4% of Hardman Johnston Global Advisors LLC's holdings, making the stock its 25th biggest position. Hardman Johnston Global Advisors LLC's holdings in T-Mobile US were worth $31,979,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Nuveen LLC acquired a new position in shares of T-Mobile US during the first quarter valued at about $618,248,000. Assenagon Asset Management S.A. grew its holdings in shares of T-Mobile US by 518.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,383,922 shares of the Wireless communications provider's stock worth $329,733,000 after purchasing an additional 1,160,275 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of T-Mobile US by 14.3% during the 1st quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider's stock worth $1,837,399,000 after purchasing an additional 864,030 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of T-Mobile US by 25.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,172,644 shares of the Wireless communications provider's stock worth $1,112,886,000 after purchasing an additional 844,932 shares in the last quarter. Finally, Amundi lifted its position in T-Mobile US by 34.4% in the first quarter. Amundi now owns 3,176,925 shares of the Wireless communications provider's stock worth $851,066,000 after purchasing an additional 813,331 shares during the period. 42.49% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TMUS. KeyCorp reaffirmed an "underweight" rating and issued a $200.00 target price on shares of T-Mobile US in a research report on Wednesday, July 9th. Rothschild & Co Redburn raised shares of T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 target price on the stock in a research note on Monday, July 7th. The Goldman Sachs Group began coverage on shares of T-Mobile US in a research note on Tuesday, September 2nd. They issued a "buy" rating and a $286.00 target price on the stock. Arete Research raised T-Mobile US to a "strong-buy" rating in a report on Tuesday, July 8th. Finally, Royal Bank Of Canada lifted their price objective on T-Mobile US from $265.00 to $270.00 and gave the company a "sector perform" rating in a report on Friday, July 25th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $262.50.

Insider Buying and Selling at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the company's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $238.08, for a total value of $16,627,507.20. Following the completion of the sale, the director owned 647,660,844 shares in the company, valued at approximately $154,195,093,739.52. This represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last 90 days, insiders sold 2,584,633 shares of company stock valued at $623,559,263. Corporate insiders own 0.37% of the company's stock.

T-Mobile US Stock Performance

Shares of NASDAQ:TMUS opened at $230.14 on Friday. T-Mobile US, Inc. has a 1-year low of $206.18 and a 1-year high of $276.49. The business has a 50-day moving average price of $244.83 and a two-hundred day moving average price of $244.31. 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 capitalization of $259.00 billion, a P/E ratio of 21.71, a P/E/G ratio of 1.28 and a beta of 0.59.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, topping the consensus estimate 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 analysts' expectations of $20.99 billion. During the same quarter in the previous year, the company earned $2.49 EPS. T-Mobile US's revenue was up 6.9% on a year-over-year basis. Equities 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. Stockholders of record on Wednesday, November 26th will be paid a $1.02 dividend. This is an increase from T-Mobile US's previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.8%. T-Mobile US's dividend payout ratio (DPR) 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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