Allianz SE Invests $11.23 Million in T-Mobile US, Inc. (NASDAQ:TMUS)

Allianz SE bought a new position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 50,885 shares of the Wireless communications provider's stock, valued at approximately $11,228,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Wellington Management Group LLP grew its stake in T-Mobile US by 4.0% during the 3rd quarter. Wellington Management Group LLP now owns 15,524,529 shares of the Wireless communications provider's stock valued at $3,203,642,000 after acquiring an additional 602,786 shares in the last quarter. Norges Bank purchased a new position in T-Mobile US during the fourth quarter valued at approximately $1,802,393,000. Franklin Resources Inc. increased its stake in T-Mobile US by 9.9% in the 3rd quarter. Franklin Resources Inc. now owns 6,553,703 shares of the Wireless communications provider's stock valued at $1,448,426,000 after buying an additional 590,711 shares during the period. Charles Schwab Investment Management Inc. lifted its position in T-Mobile US by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,230,038 shares of the Wireless communications provider's stock worth $712,966,000 after buying an additional 85,012 shares in the last quarter. Finally, Barclays PLC boosted its stake in shares of T-Mobile US by 38.3% during the 3rd quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider's stock valued at $653,160,000 after buying an additional 876,182 shares during the period. Hedge funds and other institutional investors own 42.49% of the company's stock.

Remove Ads

T-Mobile US Price Performance

NASDAQ TMUS traded up $1.78 on Monday, hitting $266.71. 4,072,404 shares of the company were exchanged, compared to its average volume of 4,168,228. T-Mobile US, Inc. has a 1-year low of $159.14 and a 1-year high of $276.49. The firm has a 50 day moving average of $252.92 and a two-hundred day moving average of $233.13. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. The company has a market cap of $304.51 billion, a P/E ratio of 27.58, a P/E/G ratio of 1.55 and a beta of 0.64.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, beating the consensus estimate of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. On average, equities analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders of record on Friday, May 30th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date is Friday, May 30th. T-Mobile US's dividend payout ratio is presently 36.40%.

Wall Street Analysts Forecast Growth

TMUS has been the subject of several recent research reports. Bank of America increased their price objective on T-Mobile US from $240.00 to $255.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. Royal Bank of Canada boosted their price objective on shares of T-Mobile US from $245.00 to $260.00 and gave the stock a "sector perform" rating in a research note on Friday, March 21st. Oppenheimer boosted their target price on shares of T-Mobile US from $250.00 to $275.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. HSBC downgraded T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 price target on the stock. in a research report on Wednesday, March 5th. Finally, KeyCorp downgraded T-Mobile US from an "overweight" rating to a "sector weight" rating and set a $252.00 target price for the company. in a research note on Thursday, December 12th. Eleven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, T-Mobile US currently has an average rating of "Moderate Buy" and an average price target of $256.80.

Insider Activity

In related news, Director Srikant M. Datar sold 730 shares of the company's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total value of $191,990.00. Following the completion of the sale, the director now owns 3,291 shares in the company, valued at approximately $865,533. This represents a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.67% of the stock is currently owned by company 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.