T-Mobile US, Inc. $TMUS is Overbrook Management Corp's 7th Largest Position

Key Points

• Overbrook Management Corp increased its stake in T-Mobile US, Inc. by 14.8%, making it the firm's 7th largest position and worth approximately $23 million.
• A significant insider transaction occurred when Director Telekom Ag Deutsche sold 64,426 shares for about $15.4 million, reducing their position slightly.
• T-Mobile has announced an increase in its quarterly dividend to $1.02, up from $0.88, representing a yield of 1.7%.

Overbrook Management Corp grew its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 14.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 96,603 shares of the Wireless communications provider's stock after acquiring an additional 12,425 shares during the quarter. T-Mobile US comprises about 4.3% of Overbrook Management Corp's portfolio, making the stock its 7th biggest position. Overbrook Management Corp's holdings in T-Mobile US were worth $23,017,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the stock. Activest Wealth Management boosted its holdings in shares of T-Mobile US by 9,400.0% in the 1st quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider's stock valued at $25,000 after buying an additional 94 shares in the last quarter. Godsey & Gibb Inc. lifted its position in T-Mobile US by 139.5% during the first quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock valued at $27,000 after acquiring an additional 60 shares during the last quarter. Missouri Trust & Investment Co boosted its stake in T-Mobile US by 807.7% in the second quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider's stock valued at $28,000 after acquiring an additional 105 shares in the last quarter. Stone House Investment Management LLC purchased a new position in T-Mobile US in the first quarter worth $29,000. Finally, TCTC Holdings LLC grew its holdings in T-Mobile US by 208.1% in the first quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock worth $30,000 after purchasing an additional 77 shares during the last quarter. 42.49% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Telekom Ag Deutsche sold 64,426 shares of the business's stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $238.98, for a total value of $15,396,525.48. Following the completion of the transaction, the director owned 634,305,918 shares of the company's stock, valued at $151,586,428,283.64. The trade was a 0.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Over the last 90 days, insiders sold 2,525,632 shares of company stock worth $609,403,041. 0.37% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TMUS. Arete Research raised T-Mobile US to a "strong-buy" rating in a research report on Tuesday, July 8th. Royal Bank Of Canada raised their price target on T-Mobile US from $265.00 to $270.00 and gave the stock a "sector perform" rating in a report on Friday, July 25th. JPMorgan Chase & Co. boosted their price target on T-Mobile US from $270.00 to $280.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Morgan Stanley upped their price objective on shares of T-Mobile US from $265.00 to $285.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Finally, KeyCorp reiterated an "underweight" rating and issued a $200.00 target price on shares of T-Mobile US in a research note on Wednesday, July 9th. Three analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, T-Mobile US presently has an average rating of "Moderate Buy" and a consensus price target of $258.02.

T-Mobile US Trading Down 0.2%

T-Mobile US stock opened at $237.47 on Monday. The stock has a 50-day moving average price of $244.96 and a 200 day moving average price of $244.76. The company has a market capitalization of $267.25 billion, a price-to-earnings ratio of 22.40, a price-to-earnings-growth ratio of 1.30 and a beta of 0.61. T-Mobile US, Inc. has a 52 week low of $202.77 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.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.69 by $0.15. The company 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%. T-Mobile US's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period last year, the firm posted $2.49 EPS. Sell-side analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Increases Dividend

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

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