OVERSEA CHINESE BANKING Corp Ltd Acquires Shares of 17,565 T-Mobile US, Inc. (NASDAQ:TMUS)

Key Points

• Oversea Chinese Banking Corp Ltd recently purchased 17,565 shares of T-Mobile US, valued at approximately $4,682,000, marking its entry into the wireless communications market.
• Analysts have varied opinions on T-Mobile US, with Rothschild & Co Redburn upgrading the stock to a neutral rating and setting a target price of $228.00, while Morgan Stanley increased its target to $285.00 with an overweight rating.
• T-Mobile US declared a quarterly dividend of $0.88 per share with a yield of 1.5%, scheduled for payment on September 11th, reflecting a commitment to returning value to shareholders.

OVERSEA CHINESE BANKING Corp Ltd purchased a new position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 17,565 shares of the Wireless communications provider's stock, valued at approximately $4,682,000.

Other large investors have also recently modified their holdings of the company. Crestwood Advisors Group LLC increased its holdings in T-Mobile US by 79.5% in the 1st quarter. Crestwood Advisors Group LLC now owns 1,635 shares of the Wireless communications provider's stock worth $436,000 after buying an additional 724 shares in the last quarter. Burling Wealth Partners LLC bought a new stake in T-Mobile US in the 4th quarter worth about $2,539,000. Advisor Resource Council bought a new stake in shares of T-Mobile US during the 1st quarter valued at about $463,000. Main Street Research LLC grew its stake in shares of T-Mobile US by 1.0% during the 1st quarter. Main Street Research LLC now owns 177,902 shares of the Wireless communications provider's stock valued at $47,448,000 after purchasing an additional 1,788 shares during the period. Finally, Sawgrass Asset Management LLC bought a new stake in shares of T-Mobile US during the 1st quarter valued at about $6,543,000. Hedge funds and other institutional investors own 42.49% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on TMUS shares. Arete Research upgraded T-Mobile US to a "strong-buy" rating in a research note on Tuesday, July 8th. Scotiabank raised T-Mobile US from a "sector perform" rating to a "sector outperform" rating and lifted their price objective for the company from $275.00 to $277.50 in a research report on Wednesday, April 30th. Morgan Stanley lifted their price objective on T-Mobile US from $265.00 to $285.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Tigress Financial lifted their price objective 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. Finally, Bank of America initiated coverage on T-Mobile US in a research report on Monday, July 7th. They set a "neutral" rating and a $255.00 price objective on the stock. 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 assigned a strong buy rating to the company. According to data from MarketBeat, T-Mobile US presently has a consensus rating of "Moderate Buy" and an average price target of $256.31.

T-Mobile US Price Performance

Shares of TMUS traded down $0.50 during mid-day trading on Tuesday, hitting $240.51. 563,836 shares of the stock were exchanged, compared to its average volume of 4,335,906. The company has a market cap of $270.67 billion, a PE ratio of 22.74, a price-to-earnings-growth ratio of 1.30 and a beta of 0.62. T-Mobile US, Inc. has a 52-week low of $186.52 and a 52-week high of $276.49. The firm has a 50-day moving average of $234.85 and a two-hundred day moving average of $245.89. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.69 by $0.15. The business had revenue of $21.13 billion for the quarter, compared to analysts' expectations of $20.99 billion. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%. The company's revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the prior year, the firm earned $2.49 EPS. On average, equities analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's dividend payout ratio is 33.21%.

Insider Transactions at T-Mobile US

In other news, insider Jon Freier sold 7,000 shares of the business's stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $250.00, for a total transaction of $1,750,000.00. Following the transaction, the insider owned 199,643 shares of the company's stock, valued at approximately $49,910,750. The trade was a 3.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Telekom Ag Deutsche sold 69,840 shares of the business's stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $241.08, for a total value of $16,837,027.20. Following the transaction, the director directly owned 646,473,564 shares in the company, valued at approximately $155,851,846,809.12. This represents a 0.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,555,330 shares of company stock valued at $360,568,811 in the last ninety days. Corporate 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.