T-Mobile US, Inc. $TMUS Shares Bought by Drake & Associates LLC

Key Points

• Drake & Associates LLC increased its stake in T-Mobile US by 46.8% during Q2, acquiring a total of 11,141 shares valued at approximately $2.65 million.
• Director Telekom Ag Deutsche sold 64,426 shares at an average price of $230.41, decreasing their position by 0.01% but maintaining ownership of a substantial 628 million shares.
• Several analysts have raised their price targets for T-Mobile US, with JPMorgan and Deutsche Bank each setting targets at $300.00 and the consensus rating currently at "Moderate Buy".

Drake & Associates LLC grew its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 46.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,141 shares of the Wireless communications provider's stock after purchasing an additional 3,554 shares during the quarter. Drake & Associates LLC's holdings in T-Mobile US were worth $2,654,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Activest Wealth Management lifted its holdings in T-Mobile US by 9,400.0% during the 1st quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider's stock worth $25,000 after buying an additional 94 shares during the last quarter. Missouri Trust & Investment Co raised its position in shares of T-Mobile US by 807.7% during the 2nd 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 bought a new position in T-Mobile US during the first quarter worth $29,000. TCTC Holdings LLC boosted 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 period. Finally, City Holding Co. raised its holdings in shares of T-Mobile US by 45.3% during the first quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock worth $37,000 after purchasing an additional 43 shares during the period. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other T-Mobile US news, Director Telekom Ag Deutsche sold 64,426 shares of the stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $230.41, for a total transaction of $14,844,394.66. Following the completion of the transaction, the director directly owned 628,297,455 shares of the company's stock, valued at approximately $144,766,016,606.55. This trade represents a 0.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 2,579,219 shares of company stock valued at $621,776,150 in the last three months. Corporate insiders own 0.37% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TMUS. Scotiabank lifted their price target on shares of T-Mobile US from $271.50 to $278.00 and gave the company a "sector outperform" rating in a report on Monday. Morgan Stanley upped their target price on T-Mobile US from $265.00 to $285.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Redburn Atlantic raised T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price target on the stock in a report on Monday, July 7th. JPMorgan Chase & Co. increased their target price on T-Mobile US from $280.00 to $300.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 30th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on T-Mobile US from $280.00 to $300.00 in a research note on Thursday, October 2nd. Three investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $264.29.

T-Mobile US Trading Down 2.3%

NASDAQ:TMUS opened at $224.96 on Tuesday. The stock has a market cap of $253.17 billion, a price-to-earnings ratio of 21.22, a PEG ratio of 1.27 and a beta of 0.59. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21. T-Mobile US, Inc. has a 1 year low of $207.40 and a 1 year high of $276.49. The business has a fifty day moving average of $244.30 and a 200-day moving average of $243.68.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted 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 business had revenue of $21.13 billion during the quarter, compared to the consensus estimate of $20.99 billion. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The company's quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.49 earnings per share. Equities analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be issued a dividend of $1.02 per share. 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 1.8%. T-Mobile US's dividend payout ratio is presently 38.49%.

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.

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.