2,318,052 Shares in T-Mobile US, Inc. (NASDAQ:TMUS) Purchased by Nuveen LLC

Key Points

• Nuveen LLC purchased 2,318,052 shares of T-Mobile US, Inc. valued at approximately $618 million, owning about 0.20% of the company as of its last SEC filing.
• Following various changes in analyst ratings, T-Mobile US currently has a consensus rating of "Moderate Buy" with an average target price of $256.31.
• T-Mobile US declared a quarterly dividend of $0.88 per share, which will be paid on September 11, reflecting an annual yield of 1.4% and a payout ratio of 33.21%.

Nuveen LLC bought a new position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,318,052 shares of the Wireless communications provider's stock, valued at approximately $618,248,000. Nuveen LLC owned approximately 0.20% of T-Mobile US as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Godsey & Gibb Inc. increased its holdings in 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 purchasing an additional 60 shares in the last quarter. TCTC Holdings LLC increased its holdings in 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 purchasing an additional 77 shares in the last quarter. Adirondack Trust Co. increased 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 valued at $37,000 after acquiring an additional 110 shares in the last quarter. City Holding Co. increased 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 valued at $37,000 after acquiring an additional 43 shares in the last quarter. Finally, Pinney & Scofield Inc. bought a new stake in shares of T-Mobile US during the fourth quarter valued at approximately $39,000. 42.49% of the stock is currently owned by institutional investors.

Insider Activity at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the company's stock in a transaction on 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 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 Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders sold 1,904,530 shares of company stock worth $445,006,069. 0.37% of the stock is owned by corporate insiders.

T-Mobile US Stock Performance

TMUS stock traded up $3.41 during midday trading on Tuesday, hitting $252.28. The company's stock had a trading volume of 4,620,336 shares, compared to its average volume of 4,421,133. The stock's 50-day moving average price is $234.95 and its 200 day moving average price is $246.75. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33. T-Mobile US, Inc. has a 1 year low of $192.61 and a 1 year high of $276.49. The stock has a market cap of $283.92 billion, a price-to-earnings ratio of 23.80, a PEG ratio of 1.37 and a beta of 0.62.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $21.13 billion for the quarter, compared to analysts' expectations of $20.99 billion. During the same quarter in the previous year, the firm earned $2.49 earnings per share. The business's revenue was up 6.9% on a year-over-year basis. On average, equities analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts have recently commented on TMUS shares. Redburn Atlantic upgraded 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 upgraded T-Mobile US to a "strong-buy" rating in a report on Tuesday, July 8th. JPMorgan Chase & Co. boosted their price objective on T-Mobile US from $270.00 to $280.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Royal Bank Of Canada boosted their price objective on T-Mobile US from $265.00 to $270.00 and gave the company a "sector perform" rating in a report on Friday, July 25th. Finally, 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. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $256.31.

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.