DekaBank Deutsche Girozentrale cut its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 1.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 474,289 shares of the Wireless communications provider's stock after selling 9,367 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in T-Mobile US were worth $97,972,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. WASHINGTON TRUST Co boosted its position in T-Mobile US by 143.1% during the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider's stock worth $25,000 after purchasing an additional 83 shares during the period. DT Investment Partners LLC grew its holdings in shares of T-Mobile US by 65.3% during the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider's stock worth $25,000 after purchasing an additional 47 shares during the last quarter. Summit Securities Group LLC bought a new stake in T-Mobile US in the second quarter valued at approximately $27,000. Y.D. More Investments Ltd bought a new stake in T-Mobile US in the second quarter valued at approximately $27,000. Finally, Westside Investment Management Inc. boosted its holdings in T-Mobile US by 75.8% in the first quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider's stock valued at $28,000 after acquiring an additional 75 shares during the last quarter. 42.49% of the stock is owned by institutional investors.
Insider Activity
In related news, Director Raul Marcelo Claure sold 1,572 shares of the firm's stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $196.00, for a total transaction of $308,112.00. Following the transaction, the director now owns 1,824,632 shares of the company's stock, valued at $357,627,872. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, Director Raul Marcelo Claure sold 1,572 shares of the business's stock in a transaction on Monday, September 9th. The shares were sold at an average price of $196.00, for a total transaction of $308,112.00. Following the completion of the sale, the director now directly owns 1,824,632 shares of the company's stock, valued at $357,627,872. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Deeanne King sold 15,437 shares of the company's stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $190.00, for a total transaction of $2,933,030.00. Following the sale, the executive vice president now directly owns 35,588 shares of the company's stock, valued at approximately $6,761,720. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 349,261 shares of company stock worth $69,411,130. Corporate insiders own 0.67% of the company's stock.
T-Mobile US Price Performance
NASDAQ TMUS traded up $1.45 during trading hours on Monday, reaching $227.81. The company's stock had a trading volume of 2,732,364 shares, compared to its average volume of 4,503,235. The company's 50-day moving average is $206.12 and its two-hundred day moving average is $185.58. T-Mobile US, Inc. has a 1-year low of $139.47 and a 1-year high of $234.56. The firm has a market capitalization of $266.96 billion, a price-to-earnings ratio of 31.01, a P/E/G ratio of 1.15 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 (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.32 by $0.29. The business had revenue of $20.16 billion during the quarter, compared to analyst estimates of $20.01 billion. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The business's revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.82 earnings per share. On average, equities analysts predict that T-Mobile US, Inc. will post 9.22 EPS for the current year.
T-Mobile US Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be paid a $0.88 dividend. This is a boost from T-Mobile US's previous quarterly dividend of $0.65. This represents a $3.52 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend is Wednesday, November 27th. T-Mobile US's dividend payout ratio (DPR) is presently 47.89%.
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on TMUS shares. Wells Fargo & Company upped their target price on T-Mobile US from $230.00 to $240.00 and gave the stock an "overweight" rating in a research report on Thursday. Barclays increased their price target on T-Mobile US from $215.00 to $230.00 and gave the company an "overweight" rating in a research report on Thursday. Scotiabank raised their target price on T-Mobile US from $236.00 to $237.00 and gave the company a "sector perform" rating in a research report on Thursday. Raymond James downgraded T-Mobile US from an "outperform" rating to a "market perform" rating in a research note on Friday. Finally, Tigress Financial increased their price target on T-Mobile US from $205.00 to $235.00 and gave the stock a "buy" rating in a research note on Monday, August 12th. Two research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $240.17.
Check Out Our Latest Analysis 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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