XTX Topco Ltd Purchases 8,622 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Key Points

• XTX Topco Ltd has increased its holdings in T-Mobile US, Inc. by 61.9% to 22,548 shares, valued at approximately $6.01 million, making it the firm's 25th largest position.
• T-Mobile US reported $2.84 earnings per share for the quarter, surpassing expectations and achieving a net margin of 14.53%, while also announcing a dividend of $0.88 to be paid on September 11th.
• Analysts have updated their price targets for T-Mobile US, with Morgan Stanley raising their target from $265.00 to $285.00 and a consensus rating of "Moderate Buy" with an average price target of $256.31.

XTX Topco Ltd increased its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 61.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,548 shares of the Wireless communications provider's stock after acquiring an additional 8,622 shares during the quarter. T-Mobile US comprises approximately 0.3% of XTX Topco Ltd's portfolio, making the stock its 25th biggest position. XTX Topco Ltd's holdings in T-Mobile US were worth $6,014,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TMUS. Banque Cantonale Vaudoise purchased a new stake in shares of T-Mobile US in the 1st quarter worth about $2,768,000. GSA Capital Partners LLP grew its position in shares of T-Mobile US by 118.9% in the 1st quarter. GSA Capital Partners LLP now owns 3,504 shares of the Wireless communications provider's stock worth $935,000 after buying an additional 1,903 shares during the period. Federated Hermes Inc. grew its position in shares of T-Mobile US by 155.3% in the 1st quarter. Federated Hermes Inc. now owns 10,936 shares of the Wireless communications provider's stock worth $2,917,000 after buying an additional 6,653 shares during the period. Geneos Wealth Management Inc. grew its position in shares of T-Mobile US by 77.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 14,942 shares of the Wireless communications provider's stock worth $3,985,000 after buying an additional 6,534 shares during the period. Finally, N.E.W. Advisory Services LLC bought a new position in shares of T-Mobile US during the first quarter valued at $47,000. Hedge funds and other institutional investors own 42.49% of the company's stock.

T-Mobile US Price Performance

NASDAQ TMUS traded up $2.33 during trading hours on Wednesday, reaching $241.58. The company's stock had a trading volume of 4,208,604 shares, compared to its average volume of 3,936,512. The firm's 50-day moving average price is $235.05 and its 200-day moving average price is $244.98. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33. T-Mobile US, Inc. has a 1 year low of $176.89 and a 1 year high of $276.49. The company has a market capitalization of $271.88 billion, a price-to-earnings ratio of 22.79, a PEG ratio of 1.31 and a beta of 0.62.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings results 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 return on equity of 19.68% and a net margin of 14.53%. The company 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 firm earned $2.49 EPS. The firm's revenue was up 6.9% compared to the same quarter last year. On average, equities research analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date is Friday, August 29th. T-Mobile US's payout ratio is presently 33.21%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. KeyCorp reaffirmed an "underweight" rating and issued a $200.00 price target on shares of T-Mobile US in a research report on Wednesday, July 9th. Scotiabank raised T-Mobile US from a "sector perform" rating to a "sector outperform" rating and lifted their price target for the stock from $275.00 to $277.50 in a research report on Wednesday, April 30th. JPMorgan Chase & Co. lifted their price target on T-Mobile US from $270.00 to $280.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Wall Street Zen downgraded T-Mobile US from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Finally, Tigress Financial boosted their price target on T-Mobile US from $290.00 to $305.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $256.31.

Insider Buying and Selling

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $238.08, for a total transaction of $16,627,507.20. Following the completion of the transaction, the director directly owned 647,660,844 shares in the company, valued at approximately $154,195,093,739.52. This represents a 0.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 1,473,190 shares of company stock worth $340,769,943 over the last three months. 0.37% of the stock is currently 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.