OVERSEA CHINESE BANKING Corp Ltd Buys 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 shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 17,565 shares of the Wireless communications provider's stock, valued at approximately $4,682,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in TMUS. GAMMA Investing LLC boosted its holdings in T-Mobile US by 29,289.4% in the first quarter. GAMMA Investing LLC now owns 3,053,563 shares of the Wireless communications provider's stock worth $814,416,000 after acquiring an additional 3,043,173 shares in the last quarter. Canada Pension Plan Investment Board raised its position in T-Mobile US by 85.5% during the fourth quarter. Canada Pension Plan Investment Board now owns 6,025,096 shares of the Wireless communications provider's stock valued at $1,329,919,000 after acquiring an additional 2,777,657 shares in the last quarter. Capital International Investors raised its position in T-Mobile US by 36.2% during the fourth quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider's stock valued at $1,440,424,000 after acquiring an additional 1,734,998 shares in the last quarter. Deutsche Bank AG grew its holdings in T-Mobile US by 38.8% in the fourth quarter. Deutsche Bank AG now owns 3,465,534 shares of the Wireless communications provider's stock valued at $764,947,000 after purchasing an additional 968,444 shares during the period. Finally, Northern Trust Corp grew its holdings in T-Mobile US by 13.8% in the fourth quarter. Northern Trust Corp now owns 5,325,541 shares of the Wireless communications provider's stock valued at $1,175,507,000 after purchasing an additional 645,892 shares during the period. Institutional investors own 42.49% of the company's stock.

T-Mobile US Stock Performance

Shares of TMUS stock traded up $1.23 during trading hours on Thursday, reaching $240.45. 620,884 shares of the company's stock were exchanged, compared to its average volume of 4,338,125. The company has a market cap of $270.61 billion, a P/E ratio of 22.62, a price-to-earnings-growth ratio of 1.31 and a beta of 0.62. The company's 50 day moving average is $234.72 and its two-hundred day moving average is $245.80. T-Mobile US, Inc. has a 1 year low of $190.00 and a 1 year high of $276.49. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.21 and a quick ratio of 1.13.

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

T-Mobile US Dividend Announcement

The firm 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. The ex-dividend date is Friday, August 29th. This represents a $3.52 annualized dividend and a dividend yield of 1.5%. T-Mobile US's dividend payout ratio (DPR) is 33.21%.

Insider Transactions at T-Mobile US

In other news, insider Jon Freier sold 7,000 shares of T-Mobile US stock in a transaction dated 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 sale, the insider directly owned 199,643 shares of the company's stock, valued at approximately $49,910,750. The trade was a 3.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $239.24, for a total value of $16,708,521.60. Following the sale, the director directly owned 646,264,044 shares in the company, valued at approximately $154,612,209,886.56. The trade was a 0.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,695,010 shares of company stock worth $393,849,666 over the last quarter. 0.37% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on TMUS shares. Redburn Atlantic raised T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price target on the stock in a research note on Monday, July 7th. Bank of America started coverage on T-Mobile US in a research report on Monday, July 7th. They issued a "neutral" rating and a $255.00 target price on the stock. Wall Street Zen downgraded T-Mobile US from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Royal Bank Of Canada boosted their target price on T-Mobile US from $265.00 to $270.00 and gave the stock a "sector perform" rating in a research note on Friday, July 25th. Finally, Scotiabank raised T-Mobile US from a "sector perform" rating to a "sector outperform" rating and boosted their target price for the stock from $275.00 to $277.50 in a research note on Wednesday, April 30th. One equities research 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's stock. Based on data from MarketBeat.com, T-Mobile US presently has a consensus rating of "Moderate Buy" and an average target price 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.