T-Mobile US, Inc. $TMUS Shares Purchased by Aware Super Pty Ltd as trustee of Aware Super

Key Points

• Aware Super Pty Ltd significantly increased its stake in T-Mobile US, boosting its holdings by 682.8% in the second quarter, owning 172,406 shares valued at approximately $41 million.
• T-Mobile US reported a better-than-expected earnings per share of $2.84 for the quarter, surpassing consensus estimates of $2.69, with a revenue growth of 6.9% year-over-year.
• The company announced an increase in its quarterly dividend to $1.02 per share, translating to an annualized basis of $4.08 and a dividend yield of 1.8%.

Aware Super Pty Ltd as trustee of Aware Super boosted its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 682.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 172,406 shares of the Wireless communications provider's stock after purchasing an additional 150,381 shares during the quarter. Aware Super Pty Ltd as trustee of Aware Super's holdings in T-Mobile US were worth $41,077,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Turtle Creek Wealth Advisors LLC acquired a new position in T-Mobile US in the 2nd quarter valued at about $272,000. Nvest Financial LLC raised its stake in T-Mobile US by 7.6% in the 2nd quarter. Nvest Financial LLC now owns 11,148 shares of the Wireless communications provider's stock valued at $2,656,000 after purchasing an additional 787 shares during the last quarter. WealthPlan Investment Management LLC acquired a new position in T-Mobile US in the 2nd quarter valued at about $443,000. Davidson Investment Advisors raised its stake in T-Mobile US by 1.2% in the 2nd quarter. Davidson Investment Advisors now owns 99,839 shares of the Wireless communications provider's stock valued at $23,788,000 after purchasing an additional 1,143 shares during the last quarter. Finally, Chesapeake Wealth Management grew its holdings in T-Mobile US by 6.3% in the 2nd quarter. Chesapeake Wealth Management now owns 5,701 shares of the Wireless communications provider's stock valued at $1,358,000 after buying an additional 339 shares during the period. Institutional investors and hedge funds own 42.49% of the company's stock.

T-Mobile US Stock Performance

Shares of TMUS opened at $226.65 on Thursday. The business's 50 day moving average is $242.60 and its two-hundred day moving average is $242.23. T-Mobile US, Inc. has a 52-week low of $208.39 and a 52-week high of $276.49. The firm has a market cap of $255.08 billion, a price-to-earnings ratio of 21.38, a PEG ratio of 1.57 and a beta of 0.59. 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 announced its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.69 by $0.15. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The company had revenue of $21.13 billion for the quarter, compared to analyst estimates of $20.99 billion. During the same period in the prior year, the company posted $2.49 EPS. T-Mobile US's quarterly revenue was up 6.9% on a year-over-year basis. Analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.8%. 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. T-Mobile US's dividend payout ratio is currently 38.49%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Raymond James Financial upgraded T-Mobile US to a "hold" rating in a report on Wednesday, October 1st. JPMorgan Chase & Co. upped their price target on T-Mobile US from $280.00 to $300.00 and gave the stock an "overweight" rating in a report on Tuesday, September 30th. Rothschild Redb upgraded T-Mobile US to a "hold" rating in a report on Tuesday, September 30th. Bank of America started coverage on T-Mobile US in a report on Monday, July 7th. They issued a "neutral" rating and a $255.00 price target for the company. Finally, Rothschild & Co Redburn upgraded T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price target for the company in a report on Monday, July 7th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $265.13.

Insider Activity

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the company's stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $232.63, for a total value of $16,246,879.20. Following the transaction, the director directly owned 646,822,764 shares of the company's stock, valued at $150,470,379,589.32. This represents a 0.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last quarter, insiders sold 2,418,333 shares of company stock valued at $584,293,759. Corporate insiders own 0.37% of the company's stock.

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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