QRG Capital Management Inc. Has $25.87 Million Stake in T-Mobile US, Inc. $TMUS

Key Points

• QRG Capital Management Inc. has increased its stake in T-Mobile US, Inc. by 3.3%, now holding 108,592 shares valued at approximately $25.87 million.
• Analysts generally have a positive outlook on T-Mobile, with three designating a Strong Buy rating and an average consensus price target of $262.50.
• T-Mobile US recently announced a quarterly dividend increase to $1.02 per share, marking a significant rise from its previous payout and representing a dividend yield of 1.8%.

QRG Capital Management Inc. lifted its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 3.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 108,592 shares of the Wireless communications provider's stock after purchasing an additional 3,485 shares during the quarter. QRG Capital Management Inc.'s holdings in T-Mobile US were worth $25,873,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Hohimer Wealth Management LLC grew its holdings in T-Mobile US by 2.3% during the first quarter. Hohimer Wealth Management LLC now owns 1,800 shares of the Wireless communications provider's stock worth $480,000 after buying an additional 41 shares in the last quarter. Journey Strategic Wealth LLC grew its holdings in T-Mobile US by 4.2% during the first quarter. Journey Strategic Wealth LLC now owns 1,022 shares of the Wireless communications provider's stock worth $273,000 after buying an additional 41 shares in the last quarter. Angeles Wealth Management LLC grew its holdings in T-Mobile US by 1.2% during the first quarter. Angeles Wealth Management LLC now owns 3,328 shares of the Wireless communications provider's stock worth $888,000 after buying an additional 41 shares in the last quarter. City Holding Co. grew its holdings in T-Mobile US by 45.3% during the first quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock worth $37,000 after buying an additional 43 shares in the last quarter. Finally, Bruce G. Allen Investments LLC grew its holdings in T-Mobile US by 26.7% during the first quarter. Bruce G. Allen Investments LLC now owns 209 shares of the Wireless communications provider's stock worth $56,000 after buying an additional 44 shares in the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TMUS. The Goldman Sachs Group began coverage on T-Mobile US in a report on Tuesday, September 2nd. They set a "buy" rating and a $286.00 price target for the company. Wolfe Research decreased their price target on T-Mobile US from $300.00 to $290.00 and set an "outperform" rating for the company in a report on Tuesday. Deutsche Bank Aktiengesellschaft upped their price target on T-Mobile US from $280.00 to $300.00 in a report on Thursday. Arete Research upgraded T-Mobile US to a "strong-buy" rating in a report on Tuesday, July 8th. Finally, Rothschild & Co Redburn upgraded T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price target for the company in a report on Monday, July 7th. Three research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, T-Mobile US has an average rating of "Moderate Buy" and a consensus target price of $262.50.

T-Mobile US Stock Up 0.1%

TMUS stock opened at $230.27 on Friday. 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 company has a market capitalization of $259.15 billion, a price-to-earnings ratio of 21.72, a PEG ratio of 1.27 and a beta of 0.59. T-Mobile US, Inc. has a fifty-two week low of $206.18 and a fifty-two week high of $276.49. The stock has a fifty day moving average of $244.56 and a 200-day moving average of $244.10.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.69 by $0.15. The company 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%.The firm's quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.49 EPS. As a group, equities research analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Wednesday, November 26th. This is a positive change from T-Mobile US's previous quarterly dividend of $0.88. T-Mobile US's dividend payout ratio is currently 38.49%.

Insider Buying and Selling at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction on Monday, July 7th. The stock was 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 owned 647,660,844 shares in the company, valued at approximately $154,195,093,739.52. This represents a 0.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders sold 2,584,633 shares of company stock worth $623,559,263. 0.37% of the stock is currently owned by corporate insiders.

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.

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