Prudential PLC Buys 15,079 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Key Points

• Prudential PLC increased its stake in T-Mobile US by 41%, owning a total of 51,887 shares valued at approximately $13.84 million after acquiring an additional 15,079 shares in the first quarter.
• T-Mobile US reported $2.84 earnings per share for the most recent quarter, exceeding analyst expectations of $2.69 and showcasing a 6.9% increase in revenue year-over-year.
• The company announced a quarterly dividend of $0.88 per share, resulting in an annual yield of 1.4%, with the payment scheduled for September 11th to shareholders of record by August 29th.

Prudential PLC grew its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 41.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 51,887 shares of the Wireless communications provider's stock after acquiring an additional 15,079 shares during the quarter. Prudential PLC's holdings in T-Mobile US were worth $13,839,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in TMUS. Capital International Investors lifted its stake in shares of T-Mobile US by 36.2% in the 4th quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider's stock worth $1,440,424,000 after purchasing an additional 1,734,998 shares during the period. Canada Pension Plan Investment Board lifted its stake in shares of T-Mobile US by 85.5% in the 4th quarter. Canada Pension Plan Investment Board now owns 6,025,096 shares of the Wireless communications provider's stock worth $1,329,919,000 after purchasing an additional 2,777,657 shares during the period. Northern Trust Corp lifted its stake in shares of T-Mobile US by 13.8% in the 4th quarter. Northern Trust Corp now owns 5,325,541 shares of the Wireless communications provider's stock worth $1,175,507,000 after purchasing an additional 645,892 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of T-Mobile US by 25.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,172,644 shares of the Wireless communications provider's stock worth $1,112,886,000 after purchasing an additional 844,932 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of T-Mobile US by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,084,830 shares of the Wireless communications provider's stock worth $901,643,000 after purchasing an additional 25,667 shares during the period. Hedge funds and other institutional investors own 42.49% of the company's stock.

T-Mobile US Trading Up 1.4%

TMUS stock opened at $252.28 on Wednesday. The firm has a fifty day moving average price of $235.12 and a 200 day moving average price of $246.79. 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 debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21. The firm has a market cap of $283.92 billion, a PE ratio of 23.80, a price-to-earnings-growth ratio of 1.37 and a beta of 0.62.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, beating analysts' consensus estimates of $2.69 by $0.15. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The firm had revenue of $21.13 billion during the quarter, compared to analyst estimates of $20.99 billion. During the same period last year, the firm posted $2.49 earnings per share. T-Mobile US's revenue for the quarter was up 6.9% compared to the same quarter last year. Sell-side 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 company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's payout ratio is presently 33.21%.

Analyst Ratings Changes

Several brokerages have recently weighed in on TMUS. Morgan Stanley increased their price objective on shares of T-Mobile US from $265.00 to $285.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Rothschild & Co Redburn upgraded shares of T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price objective on the stock in a research note on Monday, July 7th. Royal Bank Of Canada raised their target price on shares of 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. KeyCorp restated an "underweight" rating and set a $200.00 target price on shares of T-Mobile US in a research note on Wednesday, July 9th. Finally, Wall Street Zen cut shares of T-Mobile US from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $256.31.

Insider Buying and Selling

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction on Monday, July 7th. The shares were sold at an average price of $238.08, for a total transaction of $16,627,507.20. Following the completion of the transaction, the director directly owned 647,660,844 shares of the company's stock, valued at $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 available through this hyperlink. Insiders have sold 1,904,530 shares of company stock worth $445,006,069 over the last ninety days. 0.37% of the stock is owned by insiders.

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.

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