Robeco Institutional Asset Management B.V. increased its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 28.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 246,058 shares of the Wireless communications provider's stock after acquiring an additional 54,513 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in T-Mobile US were worth $65,626,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TMUS. Pure Financial Advisors LLC purchased a new position in shares of T-Mobile US in the first quarter worth about $358,000. Phillips Wealth Planners LLC increased its holdings in T-Mobile US by 26.6% in the 1st quarter. Phillips Wealth Planners LLC now owns 3,346 shares of the Wireless communications provider's stock worth $866,000 after buying an additional 704 shares during the period. Perigon Wealth Management LLC raised its position in T-Mobile US by 7.0% during the 1st quarter. Perigon Wealth Management LLC now owns 3,892 shares of the Wireless communications provider's stock worth $1,038,000 after buying an additional 256 shares during the last quarter. Alpine Bank Wealth Management purchased a new position in T-Mobile US during the 1st quarter worth approximately $145,000. Finally, Golden State Wealth Management LLC lifted its stake in T-Mobile US by 1,255.6% during the 1st quarter. Golden State Wealth Management LLC now owns 2,779 shares of the Wireless communications provider's stock valued at $741,000 after acquiring an additional 2,574 shares during the period. Institutional investors and hedge funds own 42.49% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on TMUS shares. HSBC lowered shares of T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 price objective on the stock. in a research note on Wednesday, March 5th. Citigroup lowered T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 price objective for the company. in a research note on Friday, March 14th. Wall Street Zen cut T-Mobile US from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. 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 report on Tuesday, March 18th. Finally, Royal Bank Of Canada lifted their price target on T-Mobile US from $245.00 to $260.00 and gave the company a "sector perform" rating in a research report on Friday, March 21st. Eleven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $257.68.
Read Our Latest Stock Report on TMUS
Insider Buying and Selling
In related news, Director Telekom Ag Deutsche sold 69,840 shares of the company's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $230.16, for a total transaction of $16,074,374.40. Following the completion of the sale, the director now owns 588,274,099 shares of the company's stock, valued at approximately $135,397,166,625.84. This represents a 0.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders sold 419,040 shares of company stock worth $94,880,434. 0.37% of the stock is owned by corporate insiders.
T-Mobile US Stock Up 0.2%
TMUS stock opened at $231.42 on Friday. The stock has a market capitalization of $262.76 billion, a P/E ratio of 22.58, a P/E/G ratio of 1.27 and a beta of 0.64. The firm has a 50-day simple moving average of $240.54 and a 200-day simple moving average of $242.79. The company has a quick ratio of 1.08, a current ratio of 1.16 and a debt-to-equity ratio of 1.35. T-Mobile US, Inc. has a 52 week low of $173.74 and a 52 week high of $276.49.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.10. T-Mobile US had a return on equity of 19.09% and a net margin of 14.41%. The company had revenue of $20.89 billion for the quarter, compared to analysts' expectations of $20.67 billion. During the same period in the previous year, the firm posted $2.00 EPS. T-Mobile US's revenue was up 6.6% compared to the same quarter last year. Equities analysts forecast 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 declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's payout ratio is 34.34%.
T-Mobile US Profile
(
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.
Read More
Want to see what other hedge funds are holding TMUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for T-Mobile US, Inc. (NASDAQ:TMUS - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider T-Mobile US, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and T-Mobile US wasn't on the list.
While T-Mobile US currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
