KLP Kapitalforvaltning AS Raises Stake in T-Mobile US, Inc. $TMUS

Key Points

• KLP Kapitalforvaltning AS increased its stake in T-Mobile US by 1.3%, acquiring an additional 3,600 shares during the second quarter, bringing their total holdings to 274,373 shares valued at approximately $65.37 million.
• T-Mobile US announced a quarterly dividend increase to $1.02 per share, up from $0.88, resulting in an annualized dividend of $4.08 with a current yield of 1.8%.
• The stock's 50-day moving average is $244.30, and T-Mobile US reported $2.84 earnings per share for the last quarter, exceeding analyst expectations.

KLP Kapitalforvaltning AS lifted its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 1.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 274,373 shares of the Wireless communications provider's stock after purchasing an additional 3,600 shares during the quarter. KLP Kapitalforvaltning AS's holdings in T-Mobile US were worth $65,372,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. UMB Bank n.a. lifted its position in shares of T-Mobile US by 1,248.4% during the 1st quarter. UMB Bank n.a. now owns 24,743 shares of the Wireless communications provider's stock valued at $6,599,000 after acquiring an additional 22,908 shares during the period. Wedmont Private Capital increased its stake in T-Mobile US by 6.6% in the 1st quarter. Wedmont Private Capital now owns 7,186 shares of the Wireless communications provider's stock valued at $1,859,000 after purchasing an additional 447 shares in the last quarter. Revolve Wealth Partners LLC purchased a new position in T-Mobile US in the 1st quarter valued at approximately $235,000. OLD National Bancorp IN raised its holdings in T-Mobile US by 4.1% during the first quarter. OLD National Bancorp IN now owns 2,135 shares of the Wireless communications provider's stock worth $569,000 after purchasing an additional 84 shares during the last quarter. Finally, Central Bank & Trust Co. boosted its position in T-Mobile US by 82.3% during the first quarter. Central Bank & Trust Co. now owns 1,677 shares of the Wireless communications provider's stock worth $447,000 after purchasing an additional 757 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company's stock.

Insider Activity at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 64,426 shares of the stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $230.41, for a total transaction of $14,844,394.66. Following the transaction, the director directly owned 628,297,455 shares in the company, valued at approximately $144,766,016,606.55. This represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 2,579,219 shares of company stock valued at $621,776,150 over the last ninety days. 0.37% of the stock is owned by insiders.

T-Mobile US Stock Performance

Shares of NASDAQ TMUS opened at $224.96 on Tuesday. The company has a 50-day simple moving average of $244.30 and a 200-day simple moving average of $243.68. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.21 and a quick ratio of 1.13. The company has a market cap of $253.17 billion, a PE ratio of 21.22, a price-to-earnings-growth ratio of 1.27 and a beta of 0.59. T-Mobile US, Inc. has a 12 month low of $207.40 and a 12 month high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.69 by $0.15. The firm had revenue of $21.13 billion for 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%. T-Mobile US's revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the business earned $2.49 earnings per share. On average, equities analysts anticipate 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. Stockholders of record on Wednesday, November 26th will be given a $1.02 dividend. 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 1.8%. The ex-dividend date of this dividend is Wednesday, November 26th. T-Mobile US's dividend payout ratio (DPR) is presently 38.49%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on TMUS shares. Raymond James Financial upgraded T-Mobile US to a "hold" rating in a research report on Wednesday, October 1st. Rothschild & Co Redburn upgraded shares of T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 target price for the company in a report on Monday, July 7th. Arete Research upgraded shares of T-Mobile US to a "strong-buy" rating in a research report on Tuesday, July 8th. JPMorgan Chase & Co. increased their price target on shares of T-Mobile US from $280.00 to $300.00 and gave the company an "overweight" rating in a research report on Tuesday, September 30th. Finally, KeyCorp reissued an "underweight" rating and set a $200.00 price objective on shares of T-Mobile US in a research note on Wednesday, July 9th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, T-Mobile US currently has a consensus rating of "Moderate Buy" and an average price target of $264.29.

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.

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