1832 Asset Management L.P. Has $162.26 Million Stake in T-Mobile US, Inc. $TMUS

Key Points

• 1832 Asset Management L.P. increased its stake in T-Mobile US by an astonishing 2,421.3% during the first quarter, acquiring an additional 584,228 shares, bringing their total ownership to approximately 0.05% of the company, valued at $162.25 million.
• T-Mobile US reported a quarterly earnings per share (EPS) of $2.84, surpassing analysts' expectations of $2.69, with a revenue of $21.13 billion compared to the expected $20.99 billion, showcasing a 6.9% year-over-year revenue increase.
• Several analysts have recently upgraded their ratings on T-Mobile US, with a consensus price target now standing at $256.31, reflecting a range of analysts' opinions from "Strong Buy" to "Sell".

1832 Asset Management L.P. boosted its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 2,421.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 608,357 shares of the Wireless communications provider's stock after acquiring an additional 584,228 shares during the quarter. 1832 Asset Management L.P. owned 0.05% of T-Mobile US worth $162,255,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. MGO One Seven LLC boosted its position in shares of T-Mobile US by 25.0% during the fourth quarter. MGO One Seven LLC now owns 8,081 shares of the Wireless communications provider's stock worth $1,784,000 after buying an additional 1,618 shares during the period. Burling Wealth Partners LLC bought a new stake in T-Mobile US in the 4th quarter valued at approximately $2,539,000. Integrated Wealth Concepts LLC boosted its position in T-Mobile US by 10.6% during the 4th quarter. Integrated Wealth Concepts LLC now owns 4,861 shares of the Wireless communications provider's stock worth $1,073,000 after acquiring an additional 467 shares during the last quarter. Voya Investment Management LLC grew its stake in shares of T-Mobile US by 257.7% during the 4th quarter. Voya Investment Management LLC now owns 656,851 shares of the Wireless communications provider's stock worth $144,987,000 after acquiring an additional 473,212 shares in the last quarter. Finally, Hancock Whitney Corp raised its holdings in shares of T-Mobile US by 1.4% in the fourth quarter. Hancock Whitney Corp now owns 93,239 shares of the Wireless communications provider's stock valued at $20,581,000 after purchasing an additional 1,277 shares during the last quarter. 42.49% of the stock is owned by institutional investors.

Insider Buying and Selling at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the firm's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $238.08, for a total transaction of $16,627,507.20. Following the completion of the sale, the director owned 647,660,844 shares in the company, valued at approximately $154,195,093,739.52. This trade represents a 0.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have sold 2,139,050 shares of company stock valued at $504,895,827 over the last 90 days. 0.37% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Wall Street Zen cut shares of T-Mobile US from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Royal Bank Of Canada boosted their price target on shares of T-Mobile US from $265.00 to $270.00 and gave the stock a "sector perform" rating in a research report on Friday, July 25th. JPMorgan Chase & Co. increased their price objective on shares of T-Mobile US from $270.00 to $280.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Tigress Financial lifted their target price on T-Mobile US from $290.00 to $305.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. Finally, Scotiabank upgraded T-Mobile US from a "sector perform" rating to a "sector outperform" rating and upped their target price for the stock from $275.00 to $277.50 in a report on Wednesday, April 30th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $256.31.

T-Mobile US Stock Performance

Shares of T-Mobile US stock traded down $0.21 during trading on Monday, hitting $251.74. 4,286,126 shares of the stock were exchanged, compared to its average volume of 4,318,817. The stock has a market capitalization of $283.31 billion, a price-to-earnings ratio of 23.75, a price-to-earnings-growth ratio of 1.38 and a beta of 0.62. The company has a fifty day moving average price of $237.98 and a 200-day moving average price of $248.02. T-Mobile US, Inc. has a 1-year low of $192.61 and a 1-year high of $276.49. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.69 by $0.15. The company had revenue of $21.13 billion for 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 in the previous year, the business earned $2.49 EPS. As a group, equities analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be issued a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, August 29th. T-Mobile US's 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.