US Bancorp DE Has $40.04 Million Position in T-Mobile US, Inc. $TMUS

Key Points

• US Bancorp DE increased its stake in T-Mobile US by 42.2% in Q2, owning $40.04 million worth of shares after purchasing an additional 49,898 shares.
• T-Mobile US reported earnings of $2.84 per share, surpassing expectations, with a revenue of $21.13 billion for the quarter, representing a 6.9% year-over-year increase.
• The company announced an increase in its quarterly dividend to $1.02, reflecting a potential yield of 1.8%, up from the previous dividend of $0.88.

US Bancorp DE boosted its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 42.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 168,037 shares of the Wireless communications provider's stock after buying an additional 49,898 shares during the period. US Bancorp DE's holdings in T-Mobile US were worth $40,037,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of TMUS. Capital Investment Advisors LLC raised its holdings in T-Mobile US by 15.6% during the first quarter. Capital Investment Advisors LLC now owns 1,149 shares of the Wireless communications provider's stock worth $307,000 after buying an additional 155 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in T-Mobile US by 29.8% during the first quarter. Farther Finance Advisors LLC now owns 5,117 shares of the Wireless communications provider's stock worth $1,374,000 after buying an additional 1,175 shares during the last quarter. Pallas Capital Advisors LLC raised its holdings in T-Mobile US by 57.7% during the first quarter. Pallas Capital Advisors LLC now owns 1,865 shares of the Wireless communications provider's stock worth $497,000 after buying an additional 682 shares during the last quarter. GAMMA Investing LLC raised its holdings in T-Mobile US by 10.2% during the first quarter. GAMMA Investing LLC now owns 11,449 shares of the Wireless communications provider's stock worth $3,054,000 after buying an additional 1,059 shares during the last quarter. Finally, Simplicity Wealth LLC acquired a new position in T-Mobile US during the first quarter worth $228,000. Institutional investors and hedge funds own 42.49% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on TMUS shares. Rothschild Redb upgraded shares of T-Mobile US to a "hold" rating in a report on Tuesday, September 30th. Deutsche Bank Aktiengesellschaft increased their target price on shares of T-Mobile US from $280.00 to $300.00 in a report on Thursday, October 2nd. Redburn Atlantic upgraded 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. Scotiabank increased their target price on shares of T-Mobile US from $271.50 to $278.00 and gave the company a "sector outperform" rating in a report on Monday. Finally, Bank of America started coverage on shares of T-Mobile US in a report on Monday, July 7th. They issued a "neutral" rating and a $255.00 target price for the company. Three analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, T-Mobile US presently has a consensus rating of "Moderate Buy" and an average price target of $264.29.

T-Mobile US Price Performance

TMUS opened at $226.21 on Friday. The company has a market capitalization of $254.58 billion, a price-to-earnings ratio of 21.34, a PEG ratio of 1.48 and a beta of 0.59. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33. The firm has a 50-day moving average price of $243.52 and a 200-day moving average price of $243.23. T-Mobile US, Inc. has a twelve month low of $208.39 and a twelve month high of $276.49.

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, topping 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 firm had revenue of $21.13 billion during the quarter, compared to the consensus estimate of $20.99 billion. During the same quarter last year, the company earned $2.49 earnings per share. The company's revenue was up 6.9% on a year-over-year basis. Equities analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.8%. This is an increase from T-Mobile US's previous quarterly dividend of $0.88. The ex-dividend date is Wednesday, November 26th. T-Mobile US's dividend payout ratio (DPR) is 38.49%.

Insiders Place Their Bets

In related news, Director Telekom Ag Deutsche sold 64,426 shares of the firm's stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $224.60, for a total value of $14,470,079.60. Following the sale, the director directly owned 628,168,603 shares of the company's stock, valued at $141,086,668,233.80. This trade represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold 2,434,575 shares of company stock valued at $588,274,010 over the last quarter. Company insiders own 0.37% of the company's stock.

About T-Mobile US

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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