Korea Investment CORP Has $153.63 Million Position in T-Mobile US, Inc. $TMUS

Key Points

• Korea Investment CORP increased its stake in T-Mobile US, Inc. by 6.3%, holding 576,001 shares valued at approximately $153.63 million.
• Several other institutional investors also raised their positions in T-Mobile US, indicating strong interest in the company's stock amidst a backdrop of increased analyst upgrades.
• T-Mobile US reported an earnings per share (EPS) of $2.84 for the recent quarter, exceeding analysts' expectations, and declared a dividend of $0.88 per share, with a 1.4% yield.

Korea Investment CORP raised its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 6.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 576,001 shares of the Wireless communications provider's stock after buying an additional 34,367 shares during the period. Korea Investment CORP owned about 0.05% of T-Mobile US worth $153,625,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Alpha Family Trust lifted its stake in shares of T-Mobile US by 34.3% in the 1st quarter. Alpha Family Trust now owns 5,340 shares of the Wireless communications provider's stock valued at $1,424,000 after purchasing an additional 1,365 shares during the last quarter. Brooklyn Investment Group lifted its position in T-Mobile US by 22.4% during the 1st quarter. Brooklyn Investment Group now owns 6,270 shares of the Wireless communications provider's stock worth $1,672,000 after acquiring an additional 1,149 shares during the last quarter. FCG Investment Co acquired a new position in T-Mobile US during the 1st quarter worth $1,584,000. Northwest & Ethical Investments L.P. increased its holdings in shares of T-Mobile US by 42.0% during the 1st quarter. Northwest & Ethical Investments L.P. now owns 38,158 shares of the Wireless communications provider's stock worth $10,177,000 after purchasing an additional 11,284 shares during the period. Finally, Roberts Capital Advisors LLC bought a new position in shares of T-Mobile US during the 1st quarter worth about $1,209,000. Institutional investors and hedge funds own 42.49% of the company's stock.

Insiders Place Their Bets

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the business's stock in a transaction that occurred on 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 directly owned 647,660,844 shares in the company, valued at $154,195,093,739.52. The trade was a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders sold 1,974,370 shares of company stock worth $462,526,830 in the last three months. 0.37% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Scotiabank raised shares of T-Mobile US from a "sector perform" rating to a "sector outperform" rating and upped their price objective for the stock from $275.00 to $277.50 in a research note on Wednesday, April 30th. Morgan Stanley boosted their target price on T-Mobile US from $265.00 to $285.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Redburn Atlantic upgraded T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 target price for the company in a research report on Monday, July 7th. KeyCorp restated an "underweight" rating and set a $200.00 target price on shares of T-Mobile US in a research report on Wednesday, July 9th. Finally, JPMorgan Chase & Co. raised their price objective on shares of T-Mobile US from $270.00 to $280.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, T-Mobile US presently has an average rating of "Moderate Buy" and an average target price of $256.31.

T-Mobile US Price Performance

Shares of NASDAQ TMUS opened at $254.63 on Monday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21. The company has a market cap of $286.57 billion, a PE ratio of 24.02, a P/E/G ratio of 1.39 and a beta of 0.62. The business has a 50-day simple moving average of $235.58 and a two-hundred day simple moving average of $247.42. T-Mobile US, Inc. has a fifty-two week low of $192.61 and a fifty-two week high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its 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 return on equity of 19.68% and a net margin of 14.53%. The firm had revenue of $21.13 billion during the quarter, compared to the consensus estimate of $20.99 billion. During the same quarter in the previous year, the company posted $2.49 earnings per share. The company's revenue was up 6.9% compared to the same quarter last year. As a group, equities analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, August 29th. T-Mobile US's dividend payout ratio (DPR) is currently 33.21%.

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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