T-Mobile US, Inc. $TMUS Shares Purchased by Alps Advisors Inc.

Key Points

• Alps Advisors increased its T-Mobile stake by 24.1% in the third quarter, adding 42,416 shares to bring its holdings to 218,664 shares, valued at about $35.7 million.
• T-Mobile reported quarterly EPS of $3.22, beating the $2.89 consensus, while revenue of $23.58 billion also exceeded estimates and rose 7.4% year over year.
• The company raised its quarterly dividend from $1.02 to $1.17 per share, equivalent to an annualized $4.68 and a 2.9% yield. Analysts’ consensus rating was “Moderate Buy,” with an average price target of $238.25.

Alps Advisors Inc. boosted its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 24.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 218,664 shares of the Wireless communications provider's stock after purchasing an additional 42,416 shares during the quarter. Alps Advisors Inc.'s holdings in T-Mobile US were worth $35,660,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in shares of T-Mobile US during the second quarter valued at approximately $6,625,275,000. Bank of New York Mellon Corp acquired a new stake in shares of T-Mobile US in the second quarter valued at about $839,194,000. Bank of America Corp DE acquired a new stake in T-Mobile US during the 2nd quarter worth approximately $758,977,000. Legal & General Group Plc bought a new stake in shares of T-Mobile US during the 2nd quarter worth $583,675,000. Finally, Deutsche Bank AG bought a new stake in T-Mobile US during the 2nd quarter valued at approximately $349,928,000. 42.49% of the stock is owned by institutional investors.

More T-Mobile US News

Here are the key news stories impacting T-Mobile US this week:

• Positive Sentiment: T-Mobile launched T-Mix customizable wireless plans and 5 Gig fiber service, with a 10-year price guarantee on the fiber offer. The products could help attract and retain customers and encourage bundled services, but their contribution to results remains to be seen. Article: T Mobile US Launches T Mix And 5 Gig Fiber
• Neutral Sentiment: Zacks highlighted TMUS as a value stock, while other coverage described it as a long-term growth stock. These are investment-style assessments rather than new company or earnings developments. Article: Here's Why T-Mobile Is a Strong Value Stock
• Negative Sentiment: ETFs were net sellers of T-Mobile shares on Nov. 3, selling $24.5 million overall. The report noted that 32 funds bought shares and nine sold, so the flow data offers a limited signal rather than clear broad-based selling pressure. Article: ETFs Are Net Sellers of T-Mobile

Analyst Ratings Changes

A number of research firms have weighed in on TMUS. Sanford C. Bernstein reaffirmed a "neutral" rating on shares of T-Mobile US in a research note on Monday, September 28th. Scotiabank raised their target price on shares of T-Mobile US from $212.00 to $214.00 and gave the stock a "sector outperform" rating in a research note on Thursday, October 29th. Weiss Ratings reiterated a "hold (c)" rating on shares of T-Mobile US in a report on Friday, September 11th. Raymond James Financial upgraded T-Mobile US from a "market perform" rating to an "outperform" rating and set a $170.00 price target on the stock in a research report on Monday, October 12th. Finally, Citigroup lowered their target price on shares of T-Mobile US from $225.00 to $165.00 and set a "neutral" rating for the company in a research note on Thursday, October 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $238.25.

Insider Buying and Selling at T-Mobile US

In other news, CAO Daniel James Drobac sold 772 shares of the firm's stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $178.33, for a total value of $137,670.76. Following the sale, the chief accounting officer directly owned 35,118 shares of the company's stock, valued at approximately $6,262,592.94. This trade represents a 2.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.32% of the stock is currently owned by corporate insiders.

T-Mobile US Trading Up 0.9%

NASDAQ TMUS opened at $162.01 on Friday. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.91 and a quick ratio of 0.78. T-Mobile US, Inc. has a one year low of $143.75 and a one year high of $224.75. The stock's 50-day moving average is $164.96 and its 200-day moving average is $186.19. The firm has a market cap of $171.61 billion, a P/E ratio of 14.31, a P/E/G ratio of 0.93 and a beta of 0.40.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its earnings results on Wednesday, October 28th. The Wireless communications provider reported $3.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.89 by $0.33. The company had revenue of $23.58 billion during the quarter, compared to analyst estimates of $23.15 billion. T-Mobile US had a return on equity of 21.47% and a net margin of 12.05%. T-Mobile US's quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the company posted $2.41 earnings per share. Sell-side analysts anticipate that T-Mobile US, Inc. will post 11.44 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Wednesday, November 25th will be given a $1.17 dividend. This represents a $4.68 annualized dividend and a yield of 2.9%. This is a boost from T-Mobile US's previous quarterly dividend of $1.02. The ex-dividend date of this dividend is Wednesday, November 25th. T-Mobile US's dividend payout ratio is 39.38%.

T-Mobile US Profile

T-Mobile US, Inc is a wireless communications provider serving consumers, businesses and government customers in the United States. Its services include wireless voice, messaging and data, as well as broadband internet delivered over its wireless network.

The company offers service under the T-Mobile and Metro by T-Mobile brands. Its products and services include mobile plans, smartphones and other connected devices, home internet, and solutions for business customers.

T-Mobile traces its roots to VoiceStream Wireless, which Deutsche Telekom acquired in 2001.

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