Moloney Securities Asset Management LLC Raises Position in T-Mobile US, Inc. $TMUS

Key Points

• Moloney Securities Asset Management LLC increased its position in T-Mobile US, Inc. by 21.2%, now owning nearly 12,000 shares valued at approximately $2.86 million.
• Analysts have raised their price targets for T-Mobile US, with JPMorgan Chase & Co. increasing their target from $280 to $300 and Benchmark from $275 to $295.
• T-Mobile US plans to increase its dividend to $1.02 per share, yielding 1.9%, with an ex-dividend date set for November 26.

Moloney Securities Asset Management LLC boosted its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 21.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,992 shares of the Wireless communications provider's stock after buying an additional 2,098 shares during the period. Moloney Securities Asset Management LLC's holdings in T-Mobile US were worth $2,857,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in TMUS. Activest Wealth Management lifted its holdings in shares of T-Mobile US by 9,400.0% during the first quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider's stock valued at $25,000 after purchasing an additional 94 shares during the last quarter. Missouri Trust & Investment Co lifted its holdings in shares of T-Mobile US by 807.7% during the second quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider's stock valued at $28,000 after purchasing an additional 105 shares during the last quarter. Stone House Investment Management LLC purchased a new position in shares of T-Mobile US during the first quarter valued at approximately $29,000. TCTC Holdings LLC lifted its holdings in shares of T-Mobile US by 208.1% during the first quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock valued at $30,000 after purchasing an additional 77 shares during the last quarter. Finally, Tsfg LLC purchased a new position in shares of T-Mobile US during the first quarter valued at approximately $47,000. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on TMUS shares. JPMorgan Chase & Co. lifted their target price on shares of T-Mobile US from $280.00 to $300.00 and gave the company an "overweight" rating in a report on Tuesday, September 30th. Benchmark lifted their target price on shares of T-Mobile US from $275.00 to $295.00 and gave the company a "buy" rating in a report on Friday, October 10th. Bank of America started coverage on shares of T-Mobile US in a report on Monday, July 7th. They set a "neutral" rating and a $255.00 target price for the company. Weiss Ratings reiterated a "buy (b)" rating on shares of T-Mobile US in a report on Wednesday, October 8th. Finally, Arete Research raised shares of T-Mobile US to a "strong-buy" rating in a research report on Tuesday, July 8th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, T-Mobile US presently has an average rating of "Moderate Buy" and a consensus target price of $268.71.

T-Mobile US Price Performance

Shares of TMUS opened at $219.99 on Friday. The company has a market capitalization of $247.58 billion, a P/E ratio of 20.75, a price-to-earnings-growth ratio of 1.56 and a beta of 0.59. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33. The firm has a 50 day moving average of $240.04 and a 200 day moving average of $240.85. T-Mobile US, Inc. has a twelve month low of $208.39 and a twelve month high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.01. The company had revenue of $21.96 billion during the quarter, compared to the consensus estimate of $21.61 billion. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The firm's quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the firm earned $2.61 earnings per share. As a group, equities research analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 1.9%. This is a boost from T-Mobile US's previous quarterly dividend of $0.88. The ex-dividend date is Wednesday, November 26th. T-Mobile US's dividend payout ratio (DPR) is currently 33.21%.

Insider Buying and Selling

In related news, Director Telekom Ag Deutsche sold 64,426 shares of the company's stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $226.17, for a total transaction of $14,571,228.42. Following the completion of the sale, the director owned 582,220,759 shares in the company, valued at approximately $131,680,869,063.03. This represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 2,389,677 shares of company stock worth $575,795,321 in the last three months. 0.37% of the stock is currently owned by corporate 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.

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