Invesco LLC boosted its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 51.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,915 shares of the Wireless communications provider's stock after purchasing an additional 2,360 shares during the period. Invesco LLC's holdings in T-Mobile US were worth $1,427,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. WASHINGTON TRUST Co lifted its stake in shares of T-Mobile US by 143.1% in the 2nd quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider's stock valued at $25,000 after acquiring an additional 83 shares during the last quarter. DT Investment Partners LLC lifted its stake in shares of T-Mobile US by 65.3% in the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider's stock valued at $25,000 after acquiring an additional 47 shares during the last quarter. Summit Securities Group LLC bought a new position in shares of T-Mobile US in the 2nd quarter valued at $27,000. Y.D. More Investments Ltd acquired a new stake in T-Mobile US in the second quarter valued at $27,000. Finally, MFA Wealth Advisors LLC increased its holdings in T-Mobile US by 128.3% in the third quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider's stock valued at $28,000 after purchasing an additional 77 shares during the period. 42.49% of the stock is currently owned by institutional investors.
T-Mobile US Stock Up 0.1 %
NASDAQ TMUS traded up $0.12 during trading hours on Friday, hitting $223.28. The company's stock had a trading volume of 2,922,071 shares, compared to its average volume of 3,705,053. T-Mobile US, Inc. has a 52 week low of $143.90 and a 52 week high of $234.56. The company has a market capitalization of $259.11 billion, a PE ratio of 25.46, a price-to-earnings-growth ratio of 1.14 and a beta of 0.50. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23. The company's 50-day simple moving average is $208.90 and its two-hundred day simple moving average is $187.65.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.32 by $0.29. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The business had revenue of $20.16 billion for the quarter, compared to analysts' expectations of $20.01 billion. During the same quarter last year, the firm earned $1.82 EPS. The firm's revenue for the quarter was up 4.7% compared to the same quarter last year. Research analysts anticipate that T-Mobile US, Inc. will post 9.36 EPS for the current fiscal 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 given a dividend of $0.88 per share. The ex-dividend date is Wednesday, November 27th. This represents a $3.52 annualized dividend and a dividend yield of 1.58%. This is a boost from T-Mobile US's previous quarterly dividend of $0.65. T-Mobile US's dividend payout ratio (DPR) is currently 29.65%.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on TMUS shares. Deutsche Bank Aktiengesellschaft increased their price objective on T-Mobile US from $185.00 to $200.00 and gave the company a "buy" rating in a report on Thursday, July 18th. Bank of America increased their price objective on T-Mobile US from $220.00 to $240.00 and gave the company a "buy" rating in a report on Thursday, October 24th. UBS Group increased their price objective on T-Mobile US from $210.00 to $255.00 and gave the company a "buy" rating in a report on Thursday, October 24th. TD Cowen increased their price objective on T-Mobile US from $216.00 to $250.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Finally, The Goldman Sachs Group increased their price target on T-Mobile US from $220.00 to $250.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $241.83.
Check Out Our Latest Analysis on T-Mobile US
Insiders Place Their Bets
In other T-Mobile US news, CFO Peter Osvaldik sold 20,000 shares of T-Mobile US stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $233.55, for a total transaction of $4,671,000.00. Following the transaction, the chief financial officer now owns 61,307 shares of the company's stock, valued at $14,318,249.85. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Deeanne King sold 15,437 shares of T-Mobile US stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $190.00, for a total value of $2,933,030.00. Following the sale, the executive vice president now owns 35,588 shares of the company's stock, valued at approximately $6,761,720. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Peter Osvaldik sold 20,000 shares of T-Mobile US stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $233.55, for a total transaction of $4,671,000.00. Following the completion of the sale, the chief financial officer now directly owns 61,307 shares in the company, valued at $14,318,249.85. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 359,261 shares of company stock valued at $72,263,430 in the last 90 days. 0.67% of the stock is currently owned by corporate insiders.
T-Mobile US 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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