Zurich Insurance Group Ltd FI grew its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 27.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 338,677 shares of the Wireless communications provider's stock after acquiring an additional 72,000 shares during the period. Zurich Insurance Group Ltd FI's holdings in T-Mobile US were worth $59,668,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of TMUS. Vanguard Group Inc. lifted its position in shares of T-Mobile US by 3.8% during the 1st quarter. Vanguard Group Inc. now owns 45,042,339 shares of the Wireless communications provider's stock valued at $7,351,811,000 after acquiring an additional 1,667,778 shares during the period. Wellington Management Group LLP increased its stake in shares of T-Mobile US by 200.0% in the fourth quarter. Wellington Management Group LLP now owns 6,362,601 shares of the Wireless communications provider's stock worth $1,020,116,000 after purchasing an additional 4,241,877 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of T-Mobile US by 4.3% during the second quarter. Dimensional Fund Advisors LP now owns 4,459,130 shares of the Wireless communications provider's stock valued at $785,667,000 after buying an additional 184,059 shares during the period. Putnam Investments LLC grew its stake in T-Mobile US by 74.6% in the 4th quarter. Putnam Investments LLC now owns 3,939,221 shares of the Wireless communications provider's stock worth $631,575,000 after buying an additional 1,682,743 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its position in T-Mobile US by 18.8% in the 1st quarter. Clearbridge Investments LLC now owns 3,652,486 shares of the Wireless communications provider's stock worth $596,159,000 after buying an additional 578,348 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company's stock.
Insiders Place Their Bets
In related news, Director Telekom Ag Deutsche sold 133,461 shares of the business's stock in a transaction on Friday, June 28th. The shares were sold at an average price of $176.82, for a total value of $23,598,574.02. Following the completion of the sale, the director now owns 670,278,284 shares of the company's stock, valued at approximately $118,518,606,176.88. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Telekom Ag Deutsche sold 133,461 shares of the firm's stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $176.82, for a total value of $23,598,574.02. Following the transaction, the director now directly owns 670,278,284 shares of the company's stock, valued at $118,518,606,176.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Raul Marcelo Claure sold 132,309 shares of the company's stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $196.74, for a total value of $26,030,472.66. Following the completion of the sale, the director now owns 1,551,204 shares of the company's stock, valued at $305,183,874.96. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 439,953 shares of company stock worth $83,677,350. 0.67% of the stock is owned by corporate insiders.
T-Mobile US Stock Performance
TMUS traded up $1.87 during trading on Wednesday, reaching $203.31. 2,282,157 shares of the company's stock were exchanged, compared to its average volume of 4,626,108. The company's fifty day simple moving average is $193.08 and its 200-day simple moving average is $177.13. The stock has a market capitalization of $237.22 billion, a P/E ratio of 27.71, a price-to-earnings-growth ratio of 1.07 and a beta of 0.51. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.84 and a quick ratio of 0.78. T-Mobile US, Inc. has a 1 year low of $135.82 and a 1 year high of $206.30.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, topping the consensus estimate of $2.27 by $0.22. The firm had revenue of $19.77 billion for the quarter, compared to analyst estimates of $19.61 billion. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. T-Mobile US's revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period last year, the company earned $1.86 earnings per share. As a group, research analysts predict that T-Mobile US, Inc. will post 9.13 earnings per share for the current fiscal year.
T-Mobile US Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be issued a $0.88 dividend. This is a boost from T-Mobile US's previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $3.52 dividend on an annualized basis and a yield of 1.73%. T-Mobile US's dividend payout ratio is presently 35.37%.
Analyst Ratings Changes
A number of analysts have recently weighed in on TMUS shares. Bank of America increased their price objective on T-Mobile US from $175.00 to $195.00 and gave the company a "buy" rating in a research note on Monday, June 10th. TD Cowen lifted their target price on T-Mobile US from $202.00 to $216.00 and gave the stock a "buy" rating in a report on Thursday, August 1st. StockNews.com upgraded shares of T-Mobile US from a "hold" rating to a "buy" rating in a research note on Tuesday, July 30th. Barclays increased their price target on shares of T-Mobile US from $180.00 to $200.00 and gave the stock an "overweight" rating in a research report on Thursday, August 1st. Finally, Wells Fargo & Company upped their price objective on T-Mobile US from $200.00 to $230.00 and gave the stock an "overweight" rating in a research note on Thursday, September 12th. Eighteen investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $211.92.
Check Out Our Latest Stock Report on T-Mobile US
About T-Mobile US
(
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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