OVERSEA CHINESE BANKING Corp Ltd Purchases New Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

OVERSEA CHINESE BANKING Corp Ltd bought a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 233,056 shares of the Wireless communications provider's stock, valued at approximately $62,158,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Godsey & Gibb Inc. boosted its holdings 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 valued at $27,000 after buying an additional 60 shares during the period. CoreFirst Bank & Trust acquired a new stake in shares of T-Mobile US during the fourth quarter worth $28,000. Adirondack Trust Co. lifted its position in T-Mobile US by 366.7% in the 1st 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. boosted its stake in T-Mobile US by 45.3% in the 1st quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock worth $37,000 after purchasing an additional 43 shares during the period. Finally, Pinney & Scofield Inc. acquired a new position in T-Mobile US in the 4th quarter worth $39,000. 42.49% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $238.08, for a total value of $16,627,507.20. Following the completion of the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders have sold 907,470 shares of company stock worth $209,055,386. Corporate insiders own 0.37% of the company's stock.

T-Mobile US Stock Performance

TMUS traded up $0.39 during trading on Monday, hitting $228.15. The stock had a trading volume of 3,116,983 shares, compared to its average volume of 4,349,720. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.16 and a quick ratio of 1.08. The firm has a market cap of $259.05 billion, a price-to-earnings ratio of 22.26, a P/E/G ratio of 1.27 and a beta of 0.62. The company has a 50 day moving average price of $237.45 and a 200-day moving average price of $243.82. T-Mobile US, Inc. has a one year low of $173.74 and a one year high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.48 by $0.10. T-Mobile US had a net margin of 14.41% and a return on equity of 19.09%. The company had revenue of $20.89 billion during the quarter, compared to analysts' expectations of $20.67 billion. During the same quarter in the previous year, the business posted $2.00 earnings per share. T-Mobile US's quarterly revenue was up 6.6% on a year-over-year basis. As a group, research analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date is Friday, August 29th. T-Mobile US's dividend payout ratio is currently 34.34%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TMUS. Wall Street Zen lowered T-Mobile US from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Tigress Financial increased their price target on T-Mobile US from $290.00 to $305.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. Royal Bank Of Canada boosted their price target on T-Mobile US from $245.00 to $260.00 and gave the stock a "sector perform" rating in a research report on Friday, March 21st. Benchmark reiterated a "buy" rating and set a $275.00 price objective on shares of T-Mobile US in a research note on Thursday, March 27th. Finally, Bank of America started coverage on shares of T-Mobile US in a research note on Monday, July 7th. They issued a "neutral" rating and a $255.00 target price for the company. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, ten have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $252.61.

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.