Commerzbank Aktiengesellschaft FI lowered its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 16.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 164,643 shares of the Wireless communications provider's stock after selling 31,375 shares during the quarter. T-Mobile US makes up approximately 0.9% of Commerzbank Aktiengesellschaft FI's holdings, making the stock its 26th biggest holding. Commerzbank Aktiengesellschaft FI's holdings in T-Mobile US were worth $39,228,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in TMUS. Activest Wealth Management increased its stake in T-Mobile US by 9,400.0% in the first quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider's stock valued at $25,000 after purchasing an additional 94 shares during the last quarter. Stone House Investment Management LLC acquired a new position in T-Mobile US in the first quarter valued at $29,000. TCTC Holdings LLC grew its holdings in T-Mobile US by 208.1% in the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock valued at $30,000 after buying an additional 77 shares during the period. Missouri Trust & Investment Co grew its holdings in T-Mobile US by 807.7% in the 2nd quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider's stock valued at $28,000 after buying an additional 105 shares during the period. Finally, N.E.W. Advisory Services LLC purchased a new stake in T-Mobile US in the 1st quarter valued at about $47,000. Hedge funds and other institutional investors own 42.49% of the company's stock.
Insider Buying and Selling at T-Mobile US
In other news, Director Telekom Ag Deutsche sold 69,840 shares of the company's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $232.63, for a total value of $16,246,879.20. Following the completion of the transaction, the director directly owned 646,822,764 shares in the company, valued at approximately $150,470,379,589.32. This represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 2,434,575 shares of company stock valued at $588,274,010 in the last ninety days. 0.37% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of T-Mobile US from $280.00 to $300.00 in a research report on Thursday, October 2nd. Scotiabank upped their price objective on T-Mobile US from $271.50 to $278.00 and gave the stock a "sector outperform" rating in a report on Monday. Weiss Ratings restated a "buy (b)" rating on shares of T-Mobile US in a report on Wednesday. Moffett Nathanson boosted their price target on T-Mobile US from $210.00 to $230.00 and gave the company a "neutral" rating in a research report on Thursday, October 2nd. Finally, BNP Paribas Exane boosted their price target on T-Mobile US from $290.00 to $305.00 and gave the company an "outperform" rating in a research report on Monday. Three investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, T-Mobile US presently has an average rating of "Moderate Buy" and an average price target of $264.29.
Read Our Latest Stock Report on T-Mobile US
T-Mobile US Stock Down 0.2%
Shares of T-Mobile US stock opened at $226.21 on Friday. The company has a fifty day moving average price of $243.52 and a 200 day moving average price of $243.23. The stock has a market cap of $254.58 billion, a price-to-earnings ratio of 21.34, a price-to-earnings-growth ratio of 1.48 and a beta of 0.59. T-Mobile US, Inc. has a twelve month low of $208.39 and a twelve month 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 announced its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, beating the consensus estimate of $2.69 by $0.15. The business had revenue of $21.13 billion for the quarter, compared to the consensus estimate of $20.99 billion. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The company's revenue was up 6.9% on a year-over-year basis. During the same period last year, the business posted $2.49 EPS. Equities research analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.
T-Mobile US Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend 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 payout ratio is currently 38.49%.
T-Mobile US Profile
(
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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