Northwest & Ethical Investments L.P. Purchases 11,284 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Key Points

• Northwest & Ethical Investments L.P. increased its position in T-Mobile US by 42%, acquiring an additional 11,284 shares, bringing their total holdings to 38,158 shares valued at approximately $10.18 million.
• T-Mobile US recently reported a quarterly EPS of $2.84, exceeding analyst expectations, and generated $21.13 billion in revenue, a 6.9% increase from the previous year.
• The company declared a quarterly dividend of $0.88 per share, resulting in an annualized yield of 1.4%, with the payment scheduled for September 11th.

Northwest & Ethical Investments L.P. raised its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 42.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 38,158 shares of the Wireless communications provider's stock after acquiring an additional 11,284 shares during the quarter. Northwest & Ethical Investments L.P.'s holdings in T-Mobile US were worth $10,177,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Godsey & Gibb Inc. raised its stake in shares of T-Mobile US by 139.5% in the first quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock worth $27,000 after buying an additional 60 shares during the period. Stone House Investment Management LLC bought a new position in shares of T-Mobile US in the first quarter worth about $29,000. TCTC Holdings LLC raised its stake in shares of T-Mobile US by 208.1% in the first quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock worth $30,000 after buying an additional 77 shares during the period. City Holding Co. raised its stake in shares of T-Mobile US by 45.3% in the first quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock worth $37,000 after buying an additional 43 shares during the period. Finally, Adirondack Trust Co. raised its stake in shares of T-Mobile US by 366.7% in the first quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock worth $37,000 after buying an additional 110 shares during the period. Institutional investors own 42.49% of the company's stock.

T-Mobile US Trading Up 1.7%

TMUS opened at $254.63 on Friday. The firm has a market cap of $286.57 billion, a price-to-earnings ratio of 24.02, a PEG ratio of 1.39 and a beta of 0.62. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33. T-Mobile US, Inc. has a 12 month low of $192.61 and a 12 month high of $276.49. The stock has a fifty day moving average price of $235.58 and a 200-day moving average price of $247.33.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released 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. The firm had revenue of $21.13 billion during the quarter, compared to analyst estimates of $20.99 billion. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%. The business's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the previous year, the company posted $2.49 EPS. 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 Dividend Announcement

The business 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 $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's payout ratio is presently 33.21%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. KeyCorp reiterated an "underweight" rating and set a $200.00 target price on shares of T-Mobile US in a research report on Wednesday, July 9th. Bank of America assumed coverage on T-Mobile US in a research report on Monday, July 7th. They set a "neutral" rating and a $255.00 target price for the company. Royal Bank Of Canada increased their target price on T-Mobile US from $265.00 to $270.00 and gave the stock a "sector perform" rating in a research report on Friday, July 25th. Scotiabank upgraded 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. Finally, JPMorgan Chase & Co. increased their target price on T-Mobile US from $270.00 to $280.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, T-Mobile US has an average rating of "Moderate Buy" and an average price target of $256.31.

Insider Activity at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the company's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $238.08, for a total transaction of $16,627,507.20. Following the transaction, the director directly owned 647,660,844 shares of the company's stock, valued at $154,195,093,739.52. This represents a 0.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Over the last three months, insiders sold 1,974,370 shares of company stock valued at $462,526,830. Insiders own 0.37% of the company's stock.

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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