OFI Invest Asset Management grew its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 793.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,998 shares of the Wireless communications provider's stock after purchasing an additional 34,633 shares during the period. OFI Invest Asset Management's holdings in T-Mobile US were worth $9,292,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently made changes to their positions in TMUS. GAMMA Investing LLC boosted its holdings in shares of T-Mobile US by 10.2% in the first quarter. GAMMA Investing LLC now owns 11,449 shares of the Wireless communications provider's stock worth $3,054,000 after buying an additional 1,059 shares during the period. Focus Financial Network Inc. purchased a new position in T-Mobile US during the first quarter valued at approximately $262,000. Relyea Zuckerberg Hanson LLC grew its position in T-Mobile US by 7.2% in the first quarter. Relyea Zuckerberg Hanson LLC now owns 1,378 shares of the Wireless communications provider's stock worth $368,000 after acquiring an additional 92 shares in the last quarter. Everhart Financial Group Inc. grew its position in T-Mobile US by 5.9% in the first quarter. Everhart Financial Group Inc. now owns 1,415 shares of the Wireless communications provider's stock worth $377,000 after acquiring an additional 79 shares in the last quarter. Finally, West Branch Capital LLC grew its position in T-Mobile US by 27.2% in the first quarter. West Branch Capital LLC now owns 7,293 shares of the Wireless communications provider's stock worth $1,945,000 after acquiring an additional 1,559 shares in the last quarter. Institutional investors own 42.49% of the company's stock.
T-Mobile US Stock Performance
Shares of TMUS stock opened at $228.79 on Friday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21. The company has a market capitalization of $257.48 billion, a P/E ratio of 21.58, a price-to-earnings-growth ratio of 1.56 and a beta of 0.59. The company's 50 day moving average price is $243.36 and its two-hundred day moving average price is $242.89. T-Mobile US, Inc. has a 52 week low of $208.39 and a 52 week high of $276.49.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, topping 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 period last year, the company posted $2.49 EPS. The business's quarterly revenue was up 6.9% on a year-over-year basis. On average, analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.
T-Mobile US Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.8%. This is a boost from T-Mobile US's previous quarterly dividend of $0.88. The ex-dividend date is Wednesday, November 26th. T-Mobile US's dividend payout ratio is 33.21%.
Insider Activity
In other news, Director Telekom Ag Deutsche sold 64,426 shares of T-Mobile US stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of $226.17, for a total value of $14,571,228.42. Following the sale, the director directly owned 628,039,751 shares in the company, valued at $142,043,750,483.67. This trade represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 2,499,001 shares of company stock valued at $602,845,239 in the last 90 days. 0.37% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
TMUS has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of T-Mobile US from $280.00 to $300.00 in a research note on Thursday, October 2nd. KeyCorp reissued an "underweight" rating and issued a $200.00 price target on shares of T-Mobile US in a report on Wednesday, July 9th. Morgan Stanley boosted their price target 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. BNP Paribas Exane upped their target price on shares of T-Mobile US from $290.00 to $305.00 and gave the stock an "outperform" rating in a report on Monday, October 6th. Finally, Bank of America assumed coverage on shares of T-Mobile US in a report on Monday, July 7th. They issued a "neutral" rating and a $255.00 target price on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, T-Mobile US currently has an average rating of "Moderate Buy" and a consensus price target of $265.13.
Read Our Latest Stock Analysis on T-Mobile US
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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