Point72 Europe London LLP Buys 5,980 Shares of T-Mobile US, Inc. $TMUS

Key Points

• Point72 Europe London LLP increased its stake in T-Mobile US by 7.2% in the first quarter, holding a total of $23.62 million in shares, making it the firm's 12th largest holding.
• Multiple institutional investors, including Goldman Sachs and Wellington Management Group, have also raised their positions in T-Mobile US, indicating strong institutional interest with 42.49% of the stock now held by institutional investors.
• T-Mobile US announced a quarterly dividend of $0.88 per share, representing a dividend yield of 1.4%, which underscores its financial stability and commitment to returning value to shareholders.

Point72 Europe London LLP lifted its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 7.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 88,576 shares of the Wireless communications provider's stock after purchasing an additional 5,980 shares during the period. T-Mobile US accounts for approximately 1.6% of Point72 Europe London LLP's portfolio, making the stock its 12th biggest holding. Point72 Europe London LLP's holdings in T-Mobile US were worth $23,624,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in TMUS. Activest Wealth Management increased its stake in shares of T-Mobile US by 9,400.0% in the first quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider's stock worth $25,000 after purchasing an additional 94 shares during the period. Godsey & Gibb Inc. increased its stake 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 worth $27,000 after purchasing an additional 60 shares during the period. Stone House Investment Management LLC bought a new position in shares of T-Mobile US in the first quarter worth about $29,000. TCTC Holdings LLC increased its stake in shares of 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 during the period. Finally, Adirondack Trust Co. increased its stake in shares of T-Mobile US by 366.7% in the first quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock worth $37,000 after purchasing an additional 110 shares during the period. 42.49% of the stock is currently owned by institutional investors.

T-Mobile US Price Performance

Shares of TMUS traded up $3.90 on Tuesday, hitting $255.89. The company's stock had a trading volume of 4,053,846 shares, compared to its average volume of 3,743,315. The company has a market capitalization of $287.98 billion, a PE ratio of 24.14, a PEG ratio of 1.38 and a beta of 0.61. 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, Inc. has a fifty-two week low of $192.61 and a fifty-two week high of $276.49. The company has a 50 day moving average price of $241.82 and a 200 day moving average price of $247.77.

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 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 the consensus estimate of $20.99 billion. During the same period in the previous year, the business earned $2.49 EPS. T-Mobile US's revenue was up 6.9% compared to the same quarter last year. On average, research analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

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

Insiders Place Their Bets

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the business's 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 transaction, the director owned 647,660,844 shares in the company, valued at $154,195,093,739.52. The trade was a 0.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In the last three months, insiders have sold 2,418,410 shares of company stock valued at $575,342,737. Insiders own 0.37% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on TMUS. KeyCorp reiterated an "underweight" rating and issued a $200.00 price objective on shares of T-Mobile US in a research note on Wednesday, July 9th. Royal Bank Of Canada lifted their target price on T-Mobile US from $265.00 to $270.00 and gave the stock a "sector perform" rating in a research report on Friday, July 25th. Wall Street Zen downgraded T-Mobile US from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Rothschild & Co Redburn raised T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 target price on the stock in a research report on Monday, July 7th. Finally, JPMorgan Chase & Co. lifted their target price on T-Mobile US from $270.00 to $280.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Three investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, T-Mobile US has a consensus rating of "Moderate Buy" and a consensus target price of $258.02.

T-Mobile US Company 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.