Adams Diversified Equity Fund Inc. boosted its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 50.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,700 shares of the Wireless communications provider's stock after buying an additional 26,700 shares during the period. Adams Diversified Equity Fund Inc.'s holdings in T-Mobile US were worth $12,997,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in TMUS. Main Street Group LTD acquired a new position in shares of T-Mobile US during the first quarter worth approximately $25,000. Paladin Partners LLC acquired a new stake in T-Mobile US in the 2nd quarter valued at $25,000. Dunhill Financial LLC acquired a new stake in T-Mobile US in the 2nd quarter valued at $27,000. Highland Investment Advisors LLC acquired a new stake in T-Mobile US in the 2nd quarter valued at $30,000. Finally, Sachetta LLC increased its stake in T-Mobile US by 52.9% during the 1st quarter. Sachetta LLC now owns 159 shares of the Wireless communications provider's stock valued at $33,000 after purchasing an additional 55 shares in the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on TMUS shares. Bank of America upgraded shares of T-Mobile US from a "neutral" rating to a "buy" rating and set a $220.00 price objective for the company in a report on Monday, July 6th. Benchmark lowered their target price on shares of T-Mobile US from $295.00 to $280.00 and set a "buy" rating on the stock in a report on Friday, July 24th. Wells Fargo & Company dropped their price target on shares of T-Mobile US from $170.00 to $169.00 and set an "equal weight" rating on the stock in a research report on Friday, July 24th. Wolfe Research reiterated a "peer perform" rating on shares of T-Mobile US in a research note on Friday, August 14th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of T-Mobile US in a report on Friday, September 11th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $244.65.
Read Our Latest Stock Report on TMUS
Trending Headlines about T-Mobile US
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T-Mobile US Stock Performance
Shares of TMUS stock opened at $158.79 on Friday. The firm has a 50-day moving average of $171.10 and a 200-day moving average of $180.85. The company has a market cap of $170.33 billion, a P/E ratio of 14.56, a P/E/G ratio of 0.96 and a beta of 0.33. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.92 and a quick ratio of 0.83. T-Mobile US, Inc. has a one year low of $147.90 and a one year high of $225.93.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share for the quarter, beating analysts' consensus estimates of $2.59 by $0.40. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. The company had revenue of $22.79 billion for the quarter, compared to analyst estimates of $22.95 billion. During the same period last year, the firm earned $2.84 earnings per share. The firm's revenue was up 7.9% on a year-over-year basis. Equities research analysts forecast that T-Mobile US, Inc. will post 11.17 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 10th. Stockholders of record on Wednesday, November 25th will be paid a $1.17 dividend. This represents a $4.68 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Wednesday, November 25th. This is a boost from T-Mobile US's previous quarterly dividend of $1.02. T-Mobile US's dividend payout ratio (DPR) is presently 42.72%.
Insider Buying and Selling at T-Mobile US
In other news, CAO Daniel James Drobac sold 772 shares of the company's stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $178.33, for a total value of $137,670.76. Following the completion of the transaction, the chief accounting officer directly owned 35,118 shares of the company's stock, valued at $6,262,592.94. This represents a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.32% of the stock is owned by insiders.
T-Mobile US Profile
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Free Report)
T-Mobile US, Inc NASDAQ: TMUS is a wireless communications company that provides mobile voice, messaging and data services to consumers, businesses and government customers in the United States, Puerto Rico and the U.S. Virgin Islands. Its offerings include postpaid and prepaid wireless plans, connected devices, broadband internet and other communications services.
The company operates a nationwide wireless network, including 5G services, and sells smartphones, tablets, connected devices and related accessories through retail stores, online channels and third-party distributors.
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