T-Mobile US, Inc. $TMUS Stock Bought by Pictet Asset Management Holding SA

Key Points

• Pictet Asset Management increased its T-Mobile stake by 39.8% in the third quarter, adding 117,012 shares to hold 411,129 shares worth about $67 million. Institutional investors own 42.49% of the company.
• T-Mobile beat quarterly earnings expectations, reporting $3.22 per share versus $2.89 forecast and revenue of $23.58 billion, up 7.4% year over year.
• The company raised its quarterly dividend from $1.02 to $1.17 per share; analysts’ consensus rating is “Moderate Buy,” with an average price target of $238.25.

Pictet Asset Management Holding SA lifted its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 39.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 411,129 shares of the Wireless communications provider's stock after acquiring an additional 117,012 shares during the quarter. Pictet Asset Management Holding SA's holdings in T-Mobile US were worth $67,045,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of TMUS. Guidance Capital Inc. boosted its holdings in shares of T-Mobile US by 5.5% in the third quarter. Guidance Capital Inc. now owns 12,628 shares of the Wireless communications provider's stock worth $2,022,000 after buying an additional 655 shares during the period. United Advisor Group LLC raised its holdings in shares of T-Mobile US by 34.1% during the third quarter. United Advisor Group LLC now owns 1,667 shares of the Wireless communications provider's stock valued at $272,000 after acquiring an additional 424 shares during the period. Waycross Partners LLC acquired a new stake in shares of T-Mobile US during the third quarter valued at approximately $1,076,000. Alps Advisors Inc. raised its holdings in shares of T-Mobile US by 24.1% during the third quarter. Alps Advisors Inc. now owns 218,664 shares of the Wireless communications provider's stock valued at $35,660,000 after acquiring an additional 42,416 shares during the period. Finally, Ashton Thomas Private Wealth LLC lifted its position in shares of T-Mobile US by 22.5% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 7,148 shares of the Wireless communications provider's stock valued at $1,166,000 after acquiring an additional 1,313 shares in the last quarter. 42.49% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. TD Cowen decreased their price objective on shares of T-Mobile US from $260.00 to $258.00 and set a "buy" rating for the company in a research note on Thursday, October 29th. Raymond James Financial raised shares of T-Mobile US from a "market perform" rating to an "outperform" rating and set a $170.00 target price on the stock in a research note on Monday, October 12th. Sanford C. Bernstein restated a "neutral" rating on shares of T-Mobile US in a report on Monday, September 28th. Scotiabank raised their target price on T-Mobile US from $212.00 to $214.00 and gave the stock a "sector outperform" rating in a research report on Thursday, October 29th. Finally, Moffett Nathanson raised their target price on T-Mobile US from $242.00 to $246.00 and gave the stock a "buy" rating in a research report on Tuesday, September 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $238.25.

T-Mobile US Trading Up 4.1%

NASDAQ TMUS opened at $168.71 on Tuesday. The company has a current ratio of 0.91, a quick ratio of 0.78 and a debt-to-equity ratio of 1.45. T-Mobile US, Inc. has a 1-year low of $143.75 and a 1-year high of $224.75. The firm's fifty day simple moving average is $164.71 and its 200-day simple moving average is $186.11. The company has a market capitalization of $178.71 billion, a PE ratio of 16.28, a price-to-earnings-growth ratio of 0.92 and a beta of 0.40.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings data on Wednesday, October 28th. The Wireless communications provider reported $3.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.89 by $0.33. The firm had revenue of $23.58 billion during the quarter, compared to analysts' expectations of $23.15 billion. T-Mobile US had a return on equity of 21.47% and a net margin of 12.05%. The business's revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.41 earnings per share. As a group, 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 company also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Wednesday, November 25th will be paid a dividend of $1.17 per share. 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. This represents a $4.68 dividend on an annualized basis and a dividend yield of 2.8%. T-Mobile US's dividend payout ratio (DPR) is 39.38%.

Insider Activity

In other news, CAO Daniel James Drobac sold 772 shares of T-Mobile US stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $178.33, for a total transaction of $137,670.76. Following the completion of the sale, the chief accounting officer directly owned 35,118 shares in the company, valued at $6,262,592.94. The trade was a 2.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.32% of the stock is currently owned by corporate insiders.

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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