T-Mobile US, Inc. $TMUS Holdings Lifted by Norden Group LLC

Key Points

• Norden Group LLC increased its stake in T-Mobile US by 357.2% in Q2, acquiring a total of 24,351 shares valued at $5.8 million.
• Analysts' reports show that T-Mobile has a consensus rating of "Moderate Buy" with a price target of $258.02, reflecting various ratings from three Strong Buy to one Sell.
• T-Mobile US announced a quarterly dividend increase to $1.02 per share, representing a 1.7% yield and a positive change from the previous dividend of $0.88.

Norden Group LLC grew its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 357.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,351 shares of the Wireless communications provider's stock after buying an additional 19,025 shares during the period. Norden Group LLC's holdings in T-Mobile US were worth $5,802,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in TMUS. Woodline Partners LP bought a new position in shares of T-Mobile US in the fourth quarter worth $973,000. Waverly Advisors LLC bought a new position in T-Mobile US in the 4th quarter valued at about $257,000. Sunbelt Securities Inc. boosted its holdings in shares of T-Mobile US by 19.3% in the fourth quarter. Sunbelt Securities Inc. now owns 969 shares of the Wireless communications provider's stock valued at $214,000 after acquiring an additional 157 shares in the last quarter. Great Valley Advisor Group Inc. boosted its holdings in shares of T-Mobile US by 2.3% in the fourth quarter. Great Valley Advisor Group Inc. now owns 11,310 shares of the Wireless communications provider's stock valued at $2,496,000 after acquiring an additional 257 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of T-Mobile US during the fourth quarter valued at approximately $117,539,000. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on TMUS shares. Arete Research raised T-Mobile US to a "strong-buy" rating in a research note on Tuesday, July 8th. Bank of America started coverage on T-Mobile US in a research note on Monday, July 7th. They set a "neutral" rating and a $255.00 target price for the company. JPMorgan Chase & Co. boosted their price target on shares of T-Mobile US from $270.00 to $280.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Rothschild & Co Redburn raised shares of 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. Finally, The Goldman Sachs Group assumed coverage on shares of T-Mobile US in a research note on Tuesday, September 2nd. They issued a "buy" rating and a $286.00 price objective on the stock. Three research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $258.02.

Insiders Place Their Bets

In other T-Mobile US news, Director Telekom Ag Deutsche sold 64,426 shares of the company's stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $239.18, for a total value of $15,409,410.68. Following the completion of the transaction, the director owned 634,628,048 shares of the company's stock, valued at $151,790,336,520.64. This represents a 0.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold 2,536,460 shares of company stock worth $611,607,700 over the last 90 days. 0.37% of the stock is owned by company insiders.

T-Mobile US Stock Up 0.9%

Shares of T-Mobile US stock opened at $239.49 on Wednesday. T-Mobile US, Inc. has a 12-month low of $200.88 and a 12-month high of $276.49. The stock has a 50 day moving average price of $244.34 and a two-hundred day moving average price of $245.31. 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 stock has a market capitalization of $269.53 billion, a P/E ratio of 22.59, a PEG ratio of 1.30 and a beta of 0.61.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, topping analysts' consensus estimates of $2.69 by $0.15. The firm had revenue of $21.13 billion during the quarter, compared to analyst estimates of $20.99 billion. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The business's revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.49 EPS. Equities analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be given a $1.02 dividend. The ex-dividend date is Wednesday, November 26th. This represents a $4.08 annualized dividend and a yield of 1.7%. This is a positive change from T-Mobile US's previous quarterly dividend of $0.88. T-Mobile US's dividend payout ratio (DPR) is 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.

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