KBC Group NV raised its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 60.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 267,380 shares of the Wireless communications provider's stock after acquiring an additional 100,549 shares during the quarter. KBC Group NV's holdings in T-Mobile US were worth $71,313,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the company. Geode Capital Management LLC raised its holdings in shares of T-Mobile US by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 11,857,917 shares of the Wireless communications provider's stock valued at $2,610,542,000 after acquiring an additional 90,755 shares during the last quarter. Invesco Ltd. increased its holdings in shares of T-Mobile US by 4.6% in the fourth quarter. Invesco Ltd. now owns 8,809,417 shares of the Wireless communications provider's stock valued at $1,944,503,000 after purchasing an additional 384,956 shares during the last quarter. Norges Bank acquired a new stake in shares of T-Mobile US in the fourth quarter valued at approximately $1,802,393,000. Capital International Investors increased its holdings in shares of T-Mobile US by 36.2% in the fourth quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider's stock valued at $1,440,424,000 after purchasing an additional 1,734,998 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its holdings in shares of T-Mobile US by 85.5% in the fourth quarter. Canada Pension Plan Investment Board now owns 6,025,096 shares of the Wireless communications provider's stock valued at $1,329,919,000 after purchasing an additional 2,777,657 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company's stock.
T-Mobile US Price Performance
Shares of T-Mobile US stock opened at $235.25 on Friday. T-Mobile US, Inc. has a twelve month low of $173.74 and a twelve month high of $276.49. The stock has a market capitalization of $267.11 billion, a P/E ratio of 22.95, a PEG ratio of 1.30 and a beta of 0.64. The company has a current ratio of 1.16, a quick ratio of 1.08 and a debt-to-equity ratio of 1.35. The business's fifty day moving average price is $240.00 and its 200 day moving average price is $242.86.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The Wireless communications provider reported $2.58 EPS for the quarter, topping analysts' consensus estimates of $2.48 by $0.10. The company had revenue of $20.89 billion for the quarter, compared to analysts' expectations of $20.67 billion. T-Mobile US had a return on equity of 19.09% and a net margin of 14.41%. The firm's quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.00 earnings per share. As a group, research analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.
T-Mobile US Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be paid a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.50%. The ex-dividend date is Friday, August 29th. T-Mobile US's dividend payout ratio (DPR) is 34.34%.
Analysts Set New Price Targets
TMUS has been the subject of several recent research reports. HSBC cut T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 price target for the company. in a report on Wednesday, March 5th. Scotiabank raised T-Mobile US from a "sector perform" rating to a "sector outperform" rating and increased their price target for the company from $275.00 to $277.50 in a report on Wednesday, April 30th. Tigress Financial increased their price target on T-Mobile US from $290.00 to $305.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. Royal Bank Of Canada raised their target price on T-Mobile US from $245.00 to $260.00 and gave the stock a "sector perform" rating in a research note on Friday, March 21st. Finally, JPMorgan Chase & Co. raised their target price on T-Mobile US from $265.00 to $270.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 18th. Eleven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, T-Mobile US presently has a consensus rating of "Moderate Buy" and an average price target of $257.68.
Get Our Latest Research Report on T-Mobile US
Insider Buying and Selling
In related news, Director Telekom Ag Deutsche sold 69,840 shares of the business's stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $230.56, for a total value of $16,102,310.40. Following the completion of the sale, the director now directly owns 648,149,724 shares of the company's stock, valued at $149,437,400,365.44. The trade was a 0.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders have sold 419,040 shares of company stock worth $94,880,434. 0.37% of the stock is currently owned by corporate insiders.
About T-Mobile US
(
Free Report)
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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