Northwestern Mutual Wealth Management Co. Has $61.78 Million Stock Position in T-Mobile US, Inc. $TMUS

Key Points

• Northwestern Mutual Wealth Management Co. increased its holdings in T-Mobile US, Inc. by 5.7% during the first quarter, now owning 231,633 shares valued at approximately $61.78 million.
• Multiple institutional investors showed significant interest in T-Mobile, with Godsey & Gibb Inc. growing its shares by 139.5% and TCTC Holdings LLC increasing its holdings by 208.1% in the same period.
• T-Mobile US reported $2.84 EPS for the latest quarter, beating expectations, while also announcing a quarterly dividend of $0.88 per share, with a yield of 1.4%.

Northwestern Mutual Wealth Management Co. grew its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 5.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 231,633 shares of the Wireless communications provider's stock after buying an additional 12,535 shares during the period. Northwestern Mutual Wealth Management Co.'s holdings in T-Mobile US were worth $61,779,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Godsey & Gibb Inc. grew its holdings in shares of T-Mobile US by 139.5% in the 1st quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock valued at $27,000 after buying an additional 60 shares during the period. Stone House Investment Management LLC acquired a new position in shares of T-Mobile US in the 1st quarter valued at $29,000. TCTC Holdings LLC grew its holdings in shares of T-Mobile US by 208.1% in the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock valued at $30,000 after buying an additional 77 shares during the period. City Holding Co. raised its holdings in shares of T-Mobile US by 45.3% during the first quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock worth $37,000 after acquiring an additional 43 shares during the period. Finally, Adirondack Trust Co. raised its holdings in shares of T-Mobile US by 366.7% during the first quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock worth $37,000 after acquiring an additional 110 shares during the period. Institutional investors and hedge funds own 42.49% of the company's stock.

Analyst Ratings Changes

TMUS has been the topic of a number of research analyst reports. KeyCorp restated an "underweight" rating and set a $200.00 price objective on shares of T-Mobile US in a report on Wednesday, July 9th. Redburn Atlantic upgraded shares of T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price objective on the stock in a report on Monday, July 7th. JPMorgan Chase & Co. raised their price objective on shares of T-Mobile US from $270.00 to $280.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Morgan Stanley raised their price objective on shares of T-Mobile US from $265.00 to $285.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Finally, Rothschild & Co Redburn upgraded shares of T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price objective on the stock in a report on Monday, July 7th. Three analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $256.31.

Insiders Place Their Bets

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the business's stock in a transaction on Monday, July 7th. The shares were 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 in the company, valued at approximately $154,195,093,739.52. The trade was a 0.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 2,139,050 shares of company stock worth $504,895,827 in the last 90 days. 0.37% of the stock is currently owned by insiders.

T-Mobile US Stock Performance

Shares of TMUS opened at $251.95 on Friday. T-Mobile US, Inc. has a 12 month low of $192.61 and a 12 month high of $276.49. The firm has a fifty day simple moving average of $237.98 and a 200 day simple moving average of $248.01. The stock has a market capitalization of $283.55 billion, a price-to-earnings ratio of 23.77, a PEG ratio of 1.38 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 (NASDAQ:TMUS - Get Free Report) last announced its 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 business had revenue of $21.13 billion during the quarter, compared to analysts' expectations of $20.99 billion. During the same quarter in the prior year, the company posted $2.49 earnings per share. The firm's revenue was up 6.9% on a year-over-year basis. Research analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Friday, August 29th. T-Mobile US's payout ratio is presently 33.21%.

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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