T-Mobile US, Inc. (NASDAQ:TMUS) Shares Purchased by Jefferies Financial Group Inc.

Key Points

• Jefferies Financial Group Inc. significantly increased its stake in T-Mobile US, acquiring an additional 152,102 shares, raising its total holdings to 189,582 shares, which represents approximately 0.4% of its portfolio.
• T-Mobile US reported $2.84 earnings per share for the last quarter, exceeding analyst expectations, with quarterly revenue of $21.13 billion, up 6.9% year-over-year.
• The company declared a quarterly dividend of $0.88 per share, representing a 1.5% dividend yield, with the payout ratio at 33.21%.

Jefferies Financial Group Inc. lifted its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 405.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 189,582 shares of the Wireless communications provider's stock after buying an additional 152,102 shares during the period. T-Mobile US makes up approximately 0.4% of Jefferies Financial Group Inc.'s investment portfolio, making the stock its 24th biggest holding. Jefferies Financial Group Inc.'s holdings in T-Mobile US were worth $50,563,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Invesco Ltd. raised its position in T-Mobile US by 4.6% during the 4th quarter. Invesco Ltd. now owns 8,809,417 shares of the Wireless communications provider's stock worth $1,944,503,000 after buying an additional 384,956 shares during the last quarter. Capital International Investors raised its position in T-Mobile US by 36.2% during the 4th quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider's stock worth $1,440,424,000 after buying an additional 1,734,998 shares during the last quarter. Canada Pension Plan Investment Board raised its position in T-Mobile US by 85.5% during the 4th quarter. Canada Pension Plan Investment Board now owns 6,025,096 shares of the Wireless communications provider's stock worth $1,329,919,000 after buying an additional 2,777,657 shares during the last quarter. Northern Trust Corp raised its position in T-Mobile US by 13.8% during the 4th quarter. Northern Trust Corp now owns 5,325,541 shares of the Wireless communications provider's stock worth $1,175,507,000 after buying an additional 645,892 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in T-Mobile US by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,084,830 shares of the Wireless communications provider's stock worth $901,643,000 after buying an additional 25,667 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Price Performance

Shares of TMUS traded down $1.21 during trading hours on Friday, reaching $237.20. 3,480,382 shares of the company traded hands, compared to its average volume of 4,080,460. The stock has a market capitalization of $266.95 billion, a PE ratio of 22.38, a price-to-earnings-growth ratio of 1.30 and a beta of 0.62. The stock has a fifty day simple moving average of $234.89 and a 200 day simple moving average of $245.31. T-Mobile US, Inc. has a fifty-two week low of $185.39 and a fifty-two week high of $276.49. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33.

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. 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 period in the previous year, the company earned $2.49 EPS. The business's quarterly revenue was up 6.9% compared to the same quarter last year. As a group, research analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Friday, August 29th. T-Mobile US's dividend payout ratio (DPR) is presently 33.21%.

Wall Street Analysts Forecast Growth

TMUS has been the topic of several analyst reports. 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. 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. Arete Research raised T-Mobile US to a "strong-buy" rating in a report on Tuesday, July 8th. 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, Scotiabank raised T-Mobile US from a "sector perform" rating to a "sector outperform" rating and raised their target price for the stock from $275.00 to $277.50 in a report on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $256.31.

Insider Activity at T-Mobile US

In related news, insider Callie R. Field sold 12,300 shares of the firm's stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $240.80, for a total transaction of $2,961,840.00. Following the sale, the insider directly owned 110,891 shares in the company, valued at approximately $26,702,552.80. This trade represents a 9.98% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Telekom Ag Deutsche sold 69,840 shares of the firm's stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $241.08, for a total value of $16,837,027.20. Following the sale, the director owned 646,473,564 shares of the company's stock, valued at $155,851,846,809.12. This represents a 0.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,555,330 shares of company stock worth $360,568,811. 0.37% of the stock is currently owned by company insiders.

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.