T-Mobile US, Inc. $TMUS Stock Holdings Lifted by Exane Asset Management

Key Points

• Exane Asset Management significantly increased its stake in T-Mobile US, acquiring an additional 72,510 shares, bringing its total to 72,560 shares, valued at approximately $17.29 million.
• Several large institutional investors, such as Nuveen LLC and Assenagon Asset Management, also raised their stakes in T-Mobile US, indicating strong institutional interest in the company's stock.
• On the earnings report front, T-Mobile US reported a net margin of 14.53% and earnings of $2.84 per share, surpassing market expectations and reflecting a year-over-year revenue increase of 6.9%.

Exane Asset Management boosted its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 145,020.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 72,560 shares of the Wireless communications provider's stock after acquiring an additional 72,510 shares during the quarter. T-Mobile US accounts for about 7.3% of Exane Asset Management's portfolio, making the stock its 6th biggest holding. Exane Asset Management's holdings in T-Mobile US were worth $17,288,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the stock. Nuveen LLC purchased a new stake in shares of T-Mobile US during the first quarter worth about $618,248,000. Assenagon Asset Management S.A. boosted its holdings in T-Mobile US by 518.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,383,922 shares of the Wireless communications provider's stock worth $329,733,000 after buying an additional 1,160,275 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in T-Mobile US by 14.3% during the 1st quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider's stock worth $1,837,399,000 after buying an additional 864,030 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in T-Mobile US by 25.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,172,644 shares of the Wireless communications provider's stock worth $1,112,886,000 after buying an additional 844,932 shares in the last quarter. Finally, Amundi raised its holdings in shares of T-Mobile US by 34.4% during the first quarter. Amundi now owns 3,176,925 shares of the Wireless communications provider's stock valued at $851,066,000 after acquiring an additional 813,331 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on TMUS shares. Royal Bank Of Canada boosted their price target on T-Mobile US from $265.00 to $270.00 and gave the stock a "sector perform" rating in a research report on Friday, July 25th. Redburn Atlantic raised shares of T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 target price for the company in a report on Monday, July 7th. KeyCorp reiterated an "underweight" rating and issued a $200.00 target price on shares of T-Mobile US in a research report on Wednesday, July 9th. Morgan Stanley boosted their price target on shares of T-Mobile US from $265.00 to $285.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Finally, Bank of America began coverage on shares of T-Mobile US in a research note on Monday, July 7th. They set a "neutral" rating and a $255.00 price objective for the company. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $258.02.

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 64,426 shares of T-Mobile US stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $238.98, for a total value of $15,396,525.48. Following the sale, the director owned 634,305,918 shares in the company, valued at $151,586,428,283.64. The trade was a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 2,525,632 shares of company stock worth $609,403,041 over the last ninety days. 0.37% of the stock is owned by company insiders.

T-Mobile US Trading Down 0.2%

Shares of TMUS opened at $237.47 on Monday. T-Mobile US, Inc. has a 12-month low of $202.77 and a 12-month high of $276.49. The firm has a market capitalization of $267.25 billion, a P/E ratio of 22.40, a P/E/G ratio of 1.30 and a beta of 0.61. The firm has a 50-day moving average price of $244.96 and a 200 day moving average price of $244.76. 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 posted its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.69 by $0.15. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. 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 previous year, the business posted $2.49 EPS. T-Mobile US's revenue was up 6.9% on a year-over-year basis. Sell-side analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be given a $1.02 dividend. The ex-dividend date is Wednesday, November 26th. This is a positive change from T-Mobile US's previous quarterly dividend of $0.88. This represents a $4.08 annualized dividend and a yield of 1.7%. T-Mobile US's dividend payout ratio (DPR) is currently 33.21%.

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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