S Bank Fund Management Ltd Takes Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Key Points

• S Bank Fund Management Ltd has acquired 29,096 shares of T-Mobile US, representing a value of approximately $7.76 million, making it the fund's 16th largest holding.
• Several institutional investors, including National Pension Service and Prudential PLC, have increased their stakes in T-Mobile US during the first quarter, showing strong investor confidence in the company.
• T-Mobile US recently reported $2.84 earnings per share for the quarter, exceeding analyst expectations, along with a revenue increase of 6.9% year-over-year.

S Bank Fund Management Ltd bought a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 29,096 shares of the Wireless communications provider's stock, valued at approximately $7,760,000. T-Mobile US accounts for about 1.5% of S Bank Fund Management Ltd's investment portfolio, making the stock its 16th biggest position.

A number of other large investors have also recently made changes to their positions in the stock. National Pension Service lifted its stake in T-Mobile US by 4.0% in the first quarter. National Pension Service now owns 1,205,680 shares of the Wireless communications provider's stock worth $321,567,000 after acquiring an additional 46,246 shares during the period. GKV Capital Management Co. Inc. purchased a new stake in T-Mobile US in the first quarter worth about $132,000. Prudential PLC lifted its stake in T-Mobile US by 41.0% in the first quarter. Prudential PLC now owns 51,887 shares of the Wireless communications provider's stock worth $13,839,000 after acquiring an additional 15,079 shares during the period. Resona Asset Management Co. Ltd. lifted its stake in T-Mobile US by 6.0% in the first quarter. Resona Asset Management Co. Ltd. now owns 206,622 shares of the Wireless communications provider's stock worth $55,065,000 after acquiring an additional 11,724 shares during the period. Finally, Rathbones Group PLC purchased a new stake in T-Mobile US in the first quarter worth about $214,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 1,904,530 shares of company stock worth $445,006,069 in the last 90 days. Corporate insiders own 0.37% of the company's stock.

T-Mobile US Stock Performance

TMUS opened at $252.28 on Wednesday. T-Mobile US, Inc. has a 52-week low of $192.61 and a 52-week high of $276.49. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33. The company has a market cap of $283.92 billion, a P/E ratio of 23.80, a price-to-earnings-growth ratio of 1.37 and a beta of 0.62. The firm's 50-day moving average price is $235.12 and its 200-day moving average price is $246.79.

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 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $20.99 billion. During the same quarter in the prior year, the company posted $2.49 earnings per share. The company's revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, equities analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The business 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 1.4%. T-Mobile US's dividend payout ratio is 33.21%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TMUS. Wall Street Zen lowered shares of T-Mobile US from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. KeyCorp reaffirmed an "underweight" rating and issued a $200.00 price objective on shares of T-Mobile US in a research note on Wednesday, July 9th. Tigress Financial upped their price objective on shares of T-Mobile US from $290.00 to $305.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. Redburn Atlantic raised shares of T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price objective for the company in a research note on Monday, July 7th. Finally, Arete Research raised shares of T-Mobile US to a "strong-buy" rating in a research note on Tuesday, July 8th. One investment 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 MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $256.31.

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.

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