TD Asset Management Inc Has $517.37 Million Stock Position in T-Mobile US, Inc. $TMUS

Key Points

• TD Asset Management Inc reduced its stake in T-Mobile US by 2.3% in the second quarter, now holding approximately $517 million worth of the company's stock.
• Analysts have upgraded T-Mobile US's target prices, with Moffett Nathanson increasing theirs from $210 to $230, while Goldman Sachs initiated coverage with a "buy" rating and a target of $286.
• T-Mobile US increased its quarterly dividend from $0.88 to $1.02, reflecting a yield of 1.8%, which will be paid on December 11th.

TD Asset Management Inc decreased its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 2.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,171,447 shares of the Wireless communications provider's stock after selling 51,508 shares during the period. TD Asset Management Inc owned approximately 0.19% of T-Mobile US worth $517,369,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB grew its holdings in shares of T-Mobile US by 1.4% in the 2nd quarter. Wilmington Savings Fund Society FSB now owns 5,483 shares of the Wireless communications provider's stock valued at $1,306,000 after buying an additional 75 shares during the period. Morningstar Investment Management LLC acquired a new position in T-Mobile US in the 2nd quarter worth $2,259,000. RFG Advisory LLC boosted its stake in T-Mobile US by 26.5% in the 2nd quarter. RFG Advisory LLC now owns 7,342 shares of the Wireless communications provider's stock worth $1,749,000 after purchasing an additional 1,537 shares during the period. Moran Wealth Management LLC boosted its stake in T-Mobile US by 0.4% in the 2nd quarter. Moran Wealth Management LLC now owns 19,239 shares of the Wireless communications provider's stock worth $4,584,000 after purchasing an additional 73 shares during the period. Finally, Cornerstone Wealth Group LLC boosted its stake in T-Mobile US by 5.1% in the 2nd quarter. Cornerstone Wealth Group LLC now owns 17,433 shares of the Wireless communications provider's stock worth $4,154,000 after purchasing an additional 849 shares during the period. Institutional investors and hedge funds own 42.49% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Moffett Nathanson upped their target price on shares of T-Mobile US from $210.00 to $230.00 and gave the stock a "neutral" rating in a research note on Thursday, October 2nd. Royal Bank Of Canada upped their target price on shares of T-Mobile US from $265.00 to $270.00 and gave the stock a "sector perform" rating in a research note on Friday, July 25th. BNP Paribas Exane upped their target price on shares of T-Mobile US from $290.00 to $305.00 and gave the stock an "outperform" rating in a research note on Monday, October 6th. Rothschild Redb raised shares of T-Mobile US to a "hold" rating in a research note on Tuesday, September 30th. Finally, The Goldman Sachs Group assumed coverage on shares of T-Mobile US in a research note on Tuesday, September 2nd. They set a "buy" rating and a $286.00 price objective for the company. Three investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $265.13.

T-Mobile US Trading Down 1.6%

T-Mobile US stock opened at $225.06 on Tuesday. The firm has a 50-day moving average of $243.04 and a 200-day moving average of $242.43. T-Mobile US, Inc. has a one year low of $208.39 and a one year high of $276.49. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.21 and a quick ratio of 1.13. The company has a market cap of $253.29 billion, a price-to-earnings ratio of 21.23, a P/E/G ratio of 1.56 and a beta of 0.59.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $20.99 billion. During the same period in the prior year, the business posted $2.49 EPS. The company's quarterly revenue was up 6.9% on a year-over-year basis. On average, equities analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be issued a $1.02 dividend. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a $4.08 annualized dividend and a yield of 1.8%. This is an increase from T-Mobile US's previous quarterly dividend of $0.88. T-Mobile US's payout ratio is currently 33.21%.

Insiders Place Their Bets

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $238.61, for a total value of $16,664,522.40. Following the transaction, the director directly owned 646,613,244 shares of the company's stock, valued at $154,288,386,150.84. This represents a 0.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders have sold 2,359,321 shares of company stock valued at $570,950,708. 0.37% of the stock is owned by corporate insiders.

T-Mobile US 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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