Vest Financial LLC Buys 2,034 Shares of T-Mobile US, Inc. $TMUS

Key Points

• Vest Financial LLC increased its holdings in T-Mobile US by 37% during the second quarter, owning a total of 7,538 shares valued at approximately $1.8 million.
• T-Mobile US is set to pay a quarterly dividend of $1.02 per share on December 11, which is an increase from the previous dividend of $0.88, representing an annual yield of 1.8%.
• The company reported earnings per share of $2.84 for the last quarter, exceeding expectations and reflecting a revenue increase of 6.9% year-over-year.

Vest Financial LLC grew its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 37.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,538 shares of the Wireless communications provider's stock after buying an additional 2,034 shares during the quarter. Vest Financial LLC's holdings in T-Mobile US were worth $1,796,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Nuveen LLC bought a new position in T-Mobile US in the 1st quarter valued at about $618,248,000. Assenagon Asset Management S.A. boosted its position in shares of T-Mobile US by 518.8% during 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 acquiring an additional 1,160,275 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in shares of 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 acquiring an additional 864,030 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in T-Mobile US by 25.4% in 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 buying an additional 844,932 shares in the last quarter. Finally, Amundi boosted its position in T-Mobile US by 34.4% in the first quarter. Amundi now owns 3,176,925 shares of the Wireless communications provider's stock valued at $851,066,000 after buying an additional 813,331 shares in the last quarter. 42.49% of the stock is owned by institutional investors.

T-Mobile US Trading Up 1.9%

NASDAQ:TMUS opened at $229.42 on Wednesday. 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 firm has a 50-day moving average of $242.85 and a 200-day moving average of $242.34. The company has a market cap of $258.19 billion, a PE ratio of 21.64, a PEG ratio of 1.54 and a beta of 0.59. T-Mobile US, Inc. has a one year low of $208.39 and a one year high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly 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 business had revenue of $21.13 billion for the quarter, compared to analysts' expectations of $20.99 billion. During the same period in the previous year, the company earned $2.49 earnings per share. The firm's revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, equities research analysts expect that T-Mobile US, Inc. will post 10.37 EPS 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 11th. Investors of record on Wednesday, November 26th will be issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 1.8%. This is a boost 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 is presently 33.21%.

Wall Street Analysts Forecast Growth

TMUS has been the subject of several analyst reports. Raymond James Financial raised shares of T-Mobile US to a "hold" rating in a research note on Wednesday, October 1st. Arete Research upgraded shares of T-Mobile US to a "strong-buy" rating in a report on Tuesday, July 8th. Benchmark boosted their target price on shares of T-Mobile US from $275.00 to $295.00 and gave the company a "buy" rating in a report on Friday, October 10th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of T-Mobile US from $280.00 to $300.00 in a report on Thursday, October 2nd. Finally, Weiss Ratings restated a "buy (b)" rating on shares of T-Mobile US in a report on Wednesday, October 8th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $265.13.

Insiders Place Their Bets

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the business's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $232.63, for a total transaction of $16,246,879.20. Following the transaction, the director directly owned 646,822,764 shares in the company, valued at approximately $150,470,379,589.32. 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 can be accessed through this link. Insiders have sold 2,418,333 shares of company stock worth $584,293,759 in the last 90 days. 0.37% of the stock is currently owned by insiders.

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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