CIBC Asset Management Inc grew its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 1.6% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 324,662 shares of the Wireless communications provider's stock after acquiring an additional 5,154 shares during the quarter. CIBC Asset Management Inc's holdings in T-Mobile US were worth $66,997,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in the business. International Assets Investment Management LLC grew its stake in T-Mobile US by 21,580.9% during the 3rd quarter. International Assets Investment Management LLC now owns 249,981 shares of the Wireless communications provider's stock worth $51,586,000 after buying an additional 248,828 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of T-Mobile US by 0.9% in the third quarter. Victory Capital Management Inc. now owns 937,085 shares of the Wireless communications provider's stock valued at $193,377,000 after purchasing an additional 8,101 shares during the period. NewEdge Advisors LLC boosted its holdings in T-Mobile US by 13.6% in the second quarter. NewEdge Advisors LLC now owns 211,059 shares of the Wireless communications provider's stock valued at $37,184,000 after acquiring an additional 25,217 shares during the last quarter. Ferguson Wellman Capital Management Inc. boosted its holdings in T-Mobile US by 84.6% in the third quarter. Ferguson Wellman Capital Management Inc. now owns 223,997 shares of the Wireless communications provider's stock valued at $46,224,000 after acquiring an additional 102,663 shares during the last quarter. Finally, Vontobel Holding Ltd. boosted its holdings in T-Mobile US by 15.2% in the third quarter. Vontobel Holding Ltd. now owns 96,297 shares of the Wireless communications provider's stock valued at $19,872,000 after acquiring an additional 12,724 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company's stock.
Analyst Ratings Changes
TMUS has been the topic of a number of recent research reports. Raymond James cut T-Mobile US from an "outperform" rating to a "market perform" rating in a research note on Friday, October 25th. Scotiabank boosted their target price on shares of T-Mobile US from $236.00 to $237.00 and gave the company a "sector perform" rating in a research note on Thursday, October 24th. Morgan Stanley increased their target price on shares of T-Mobile US from $209.00 to $239.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 29th. Barclays lifted their target price on shares of T-Mobile US from $215.00 to $230.00 and gave the company an "overweight" rating in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. lifted their target price on shares of T-Mobile US from $230.00 to $250.00 and gave the stock an "overweight" rating in a report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $241.83.
Check Out Our Latest Stock Report on T-Mobile US
Insiders Place Their Bets
In related news, CEO G Michael Sievert sold 20,000 shares of the firm's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $237.73, for a total value of $4,754,600.00. Following the sale, the chief executive officer now owns 378,124 shares of the company's stock, valued at approximately $89,891,418.52. This trade represents a 5.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Nestor Cano sold 11,100 shares of T-Mobile US stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $230.75, for a total value of $2,561,325.00. Following the sale, the executive vice president now directly owns 4,400 shares in the company, valued at $1,015,300. The trade was a 71.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 464,924 shares of company stock valued at $97,427,925 in the last quarter. Insiders own 0.67% of the company's stock.
T-Mobile US Trading Down 1.0 %
NASDAQ TMUS traded down $2.48 during trading on Friday, hitting $235.27. The stock had a trading volume of 2,040,238 shares, compared to its average volume of 4,432,252. The firm has a 50 day moving average price of $215.03 and a 200 day moving average price of $191.94. The company has a market capitalization of $273.03 billion, a PE ratio of 26.86, a PEG ratio of 1.23 and a beta of 0.50. T-Mobile US, Inc. has a twelve month low of $147.07 and a twelve month high of $242.43. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.32 by $0.29. The business had revenue of $20.16 billion for the quarter, compared to the consensus estimate of $20.01 billion. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The business's revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.82 earnings per share. As a group, equities research analysts forecast that T-Mobile US, Inc. will post 9.36 earnings per share for the current year.
T-Mobile US Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend is Wednesday, November 27th. This is an increase from T-Mobile US's previous quarterly dividend of $0.65. T-Mobile US's dividend payout ratio (DPR) is currently 29.65%.
T-Mobile US Company Profile
(
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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