National Pension Service Buys 46,246 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Key Points

• The National Pension Service increased its ownership of T-Mobile US, Inc. by 4.0%, now holding 1,205,680 shares valued at approximately $321.57 million.
• T-Mobile US recently reported $2.84 EPS for the quarter, exceeding analysts' expectations and showing a 6.9% revenue growth year-over-year.
• The company declared a quarterly dividend of $0.88 per share, which will be paid on September 11, 2023, representing an annualized yield of 1.4%.

National Pension Service raised its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 4.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,205,680 shares of the Wireless communications provider's stock after purchasing an additional 46,246 shares during the period. National Pension Service owned approximately 0.11% of T-Mobile US worth $321,567,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. CreativeOne Wealth LLC lifted its holdings in shares of T-Mobile US by 260.0% during the 4th quarter. CreativeOne Wealth LLC now owns 9,197 shares of the Wireless communications provider's stock worth $2,030,000 after acquiring an additional 6,642 shares during the period. Rossby Financial LCC bought a new position in shares of T-Mobile US during the 4th quarter worth about $208,000. Bridgewater Associates LP lifted its holdings in shares of T-Mobile US by 6.3% during the 4th quarter. Bridgewater Associates LP now owns 212,194 shares of the Wireless communications provider's stock worth $46,838,000 after acquiring an additional 12,615 shares during the period. United Capital Financial Advisors LLC lifted its holdings in shares of T-Mobile US by 0.4% during the 4th quarter. United Capital Financial Advisors LLC now owns 120,403 shares of the Wireless communications provider's stock worth $26,577,000 after acquiring an additional 488 shares during the period. Finally, Evergreen Capital Management LLC lifted its holdings in shares of T-Mobile US by 10.5% during the 4th quarter. Evergreen Capital Management LLC now owns 3,690 shares of the Wireless communications provider's stock worth $814,000 after acquiring an additional 350 shares during the period. 42.49% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Redburn Atlantic raised shares of T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price objective for the company in a report on Monday, July 7th. Arete Research raised shares of T-Mobile US to a "strong-buy" rating in a report on Tuesday, July 8th. JPMorgan Chase & Co. increased their target price on shares of T-Mobile US from $270.00 to $280.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Tigress Financial increased their target price on shares of T-Mobile US from $290.00 to $305.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. Finally, Scotiabank upgraded shares of T-Mobile US from a "sector perform" rating to a "sector outperform" rating and increased their target price for the stock from $275.00 to $277.50 in a research report on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $256.31.

T-Mobile US Stock Up 1.4%

Shares of NASDAQ:TMUS opened at $252.28 on Wednesday. T-Mobile US, Inc. has a one year low of $192.61 and a one year high of $276.49. The company has a 50 day moving average of $235.12 and a 200-day moving average of $246.79. 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 stock has a market cap of $283.92 billion, a price-to-earnings ratio of 23.80, a P/E/G ratio of 1.37 and a beta of 0.62.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, topping 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 quarter in the previous year, the company earned $2.49 EPS. T-Mobile US's revenue was up 6.9% on a year-over-year basis. On average, sell-side analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Announces Dividend

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

Insider Transactions at T-Mobile US

In other news, insider Jon Freier sold 7,000 shares of T-Mobile US stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $250.00, for a total transaction of $1,750,000.00. Following the completion of the sale, the insider owned 199,643 shares in the company, valued at $49,910,750. The trade was a 3.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Telekom Ag Deutsche sold 69,840 shares of the business's stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $247.58, for a total transaction of $17,290,987.20. Following the transaction, the director owned 636,481,244 shares of the company's stock, valued at approximately $157,580,026,389.52. This represents a 0.01% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,904,530 shares of company stock worth $445,006,069 in the last quarter. 0.37% of the stock is owned by company insiders.

T-Mobile US 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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