IMS Capital Management Buys Shares of 1,501 T-Mobile US, Inc. $TMUS

Key Points

• IMS Capital Management purchased 1,501 shares of T-Mobile US, Inc., valued at approximately $358,000, in the second quarter of the year.
• T-Mobile US recently increased its quarterly dividend from $0.88 to $1.02 per share, with an annualized yield of 1.7%.
• Several analysts have upgraded T-Mobile US's stock ratings, with a consensus of "Moderate Buy" and an average target price of $258.02.

IMS Capital Management bought a new stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,501 shares of the Wireless communications provider's stock, valued at approximately $358,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TMUS. GAMMA Investing LLC boosted its stake in T-Mobile US by 29,289.4% in 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 acquiring an additional 3,043,173 shares during the period. 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 holdings 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 holdings 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 holdings 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. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on TMUS. Arete Research raised T-Mobile US to a "strong-buy" rating in a report on Tuesday, July 8th. The Goldman Sachs Group began coverage on T-Mobile US in a report on Tuesday, September 2nd. They set a "buy" rating and a $286.00 price target on the stock. Rothschild & Co Redburn raised T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price target on the stock in a report on Monday, July 7th. Redburn Atlantic raised T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price target on the stock in a report on Monday, July 7th. Finally, Royal Bank Of Canada lifted their price target 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 analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $258.02.

Insider Activity at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the company's stock in a transaction dated 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 completion of the transaction, the director owned 647,660,844 shares of the company's stock, valued at approximately $154,195,093,739.52. This represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 2,536,460 shares of company stock worth $611,607,700 over the last three months. 0.37% of the stock is currently owned by corporate insiders.

T-Mobile US Stock Up 0.9%

TMUS stock opened at $239.49 on Wednesday. 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, Inc. has a 1 year low of $200.88 and a 1 year high of $276.49. The company has a fifty day simple moving average of $244.34 and a 200 day simple moving average of $245.31. The firm 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 (NASDAQ:TMUS - Get Free Report) last released its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, topping analysts' consensus estimates of $2.69 by $0.15. The firm had revenue of $21.13 billion during the quarter, compared to analyst estimates of $20.99 billion. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The business's revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.49 EPS. Sell-side analysts anticipate 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. Stockholders of record on Wednesday, November 26th will be given 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 dividend yield of 1.7%. The ex-dividend date of this dividend is Wednesday, November 26th. 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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