Tempus Wealth Planning LLC bought a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,738 shares of the Wireless communications provider's stock, valued at approximately $652,000.
Several other institutional investors also recently bought and sold shares of TMUS. Nuveen LLC purchased a new position in T-Mobile US during the first quarter valued at $618,248,000. Assenagon Asset Management S.A. grew its stake in T-Mobile US by 518.8% during the second quarter. Assenagon Asset Management S.A. now owns 1,383,922 shares of the Wireless communications provider's stock valued at $329,733,000 after acquiring an additional 1,160,275 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in T-Mobile US by 14.3% during the first quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider's stock valued at $1,837,399,000 after acquiring an additional 864,030 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in T-Mobile US by 25.4% during the first quarter. Goldman Sachs Group Inc. now owns 4,172,644 shares of the Wireless communications provider's stock valued at $1,112,886,000 after acquiring an additional 844,932 shares in the last quarter. Finally, Amundi lifted its position in 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 purchasing an additional 813,331 shares during the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In related news, Director Telekom Ag Deutsche sold 64,426 shares of T-Mobile US stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $238.98, for a total transaction of $15,396,525.48. Following the completion of the sale, the director owned 634,305,918 shares in the company, valued at $151,586,428,283.64. This trade represents a 0.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In the last three months, insiders have sold 2,595,472 shares of company stock worth $625,997,723. Company insiders own 0.37% of the company's stock.
Analyst Ratings Changes
Several research firms have commented on TMUS. Morgan Stanley increased their price objective on shares of T-Mobile US from $265.00 to $285.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Rothschild & Co Redburn upgraded shares of T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price objective for the company in a research report on Monday, July 7th. Redburn Atlantic upgraded shares of T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price objective for the company in a research report on Monday, July 7th. JPMorgan Chase & Co. increased their price objective on shares of T-Mobile US from $270.00 to $280.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Finally, Royal Bank Of Canada increased their price objective on shares of T-Mobile US from $265.00 to $270.00 and gave the company a "sector perform" rating in a research report on Friday, July 25th. Three investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $258.02.
View Our Latest Stock Report on TMUS
T-Mobile US Price Performance
T-Mobile US stock opened at $237.47 on Friday. The firm has a 50-day moving average price of $244.96 and a 200-day moving average price of $244.85. The firm has a market capitalization of $267.25 billion, a PE ratio of 22.40, a price-to-earnings-growth ratio of 1.30 and a beta of 0.61. 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, Inc. has a 12-month low of $202.77 and a 12-month high of $276.49.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.69 by $0.15. The firm had revenue of $21.13 billion during the quarter, compared to analyst estimates of $20.99 billion. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The business's revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the business earned $2.49 EPS. As a group, equities research analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current year.
T-Mobile US Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Wednesday, November 26th. This is a positive change from T-Mobile US's previous quarterly dividend of $0.88. T-Mobile US's dividend payout ratio (DPR) is 38.49%.
About T-Mobile US
(
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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