Raiffeisen Bank International AG Acquires 3,333 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Key Points

• Raiffeisen Bank International AG increased its stake in T-Mobile US, acquiring an additional 3,333 shares to bring its total ownership to 12,518 shares, valued at $3,316,000.
• Despite a slight decline, T-Mobile US has a current market cap of $266.95 billion and has shown a revenue increase of 6.9% year-over-year, reporting $21.13 billion for the latest quarter.
• The company announced a quarterly dividend of $0.88 per share, resulting in a yield of 1.5% with a payout ratio of 33.21%.

Raiffeisen Bank International AG lifted its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 36.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,518 shares of the Wireless communications provider's stock after buying an additional 3,333 shares during the period. Raiffeisen Bank International AG's holdings in T-Mobile US were worth $3,316,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Landscape Capital Management L.L.C. acquired a new position in T-Mobile US during the fourth quarter worth $1,000,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of T-Mobile US in the fourth quarter worth $784,000. Envestnet Asset Management Inc. increased its holdings in T-Mobile US by 1.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 1,073,800 shares of the Wireless communications provider's stock worth $237,020,000 after purchasing an additional 12,862 shares during the period. Bank of Montreal Can lifted its stake in T-Mobile US by 0.6% in the fourth quarter. Bank of Montreal Can now owns 1,076,017 shares of the Wireless communications provider's stock worth $237,509,000 after acquiring an additional 6,646 shares during the last quarter. Finally, Employees Retirement System of Texas raised its stake in T-Mobile US by 21.0% in the fourth quarter. Employees Retirement System of Texas now owns 375,900 shares of the Wireless communications provider's stock valued at $82,972,000 after buying an additional 65,243 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the firm's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $238.08, for a total value of $16,627,507.20. Following the sale, the director directly owned 647,660,844 shares of the company's stock, valued at approximately $154,195,093,739.52. This trade represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders have sold 1,695,010 shares of company stock worth $393,849,666. 0.37% of the stock is currently owned by company insiders.

Analyst Ratings Changes

TMUS has been the topic of several research analyst reports. Scotiabank upgraded shares of T-Mobile US from a "sector perform" rating to a "sector outperform" rating and lifted their price target for the stock from $275.00 to $277.50 in a research note on Wednesday, April 30th. Morgan Stanley lifted their price objective on shares of 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 boosted their target price on shares of T-Mobile US from $290.00 to $305.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. Royal Bank Of Canada lifted their price target on shares of T-Mobile US from $265.00 to $270.00 and gave the company a "sector perform" rating in a research report on Friday, July 25th. Finally, Wall Street Zen downgraded T-Mobile US from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. 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 issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $256.31.

T-Mobile US Stock Up 1.6%

T-Mobile US stock traded up $3.71 during midday trading on Thursday, hitting $242.93. The stock had a trading volume of 3,967,992 shares, compared to its average volume of 4,354,968. The stock has a market cap of $273.40 billion, a P/E ratio of 22.92, a P/E/G ratio of 1.31 and a beta of 0.62. T-Mobile US, Inc. has a 12 month low of $190.00 and a 12 month high of $276.49. The business has a fifty day moving average price of $234.72 and a 200 day moving average price of $245.80. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS 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 business had revenue of $21.13 billion for the quarter, compared to analyst estimates of $20.99 billion. During the same quarter last year, the business earned $2.49 earnings per share. The business's revenue for the quarter was up 6.9% on a year-over-year basis. Research analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 1.4%. T-Mobile US's dividend payout ratio (DPR) is currently 33.21%.

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.