Overbrook Management Corp increased its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 21.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,427 shares of the Wireless communications provider's stock after buying an additional 17,457 shares during the period. T-Mobile US accounts for 4.7% of Overbrook Management Corp's portfolio, making the stock its 6th largest position. Overbrook Management Corp's holdings in T-Mobile US were worth $20,518,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently bought and sold shares of the stock. Legal & General Group Plc grew its holdings in T-Mobile US by 6.8% in the second quarter. Legal & General Group Plc now owns 4,751,007 shares of the Wireless communications provider's stock worth $837,032,000 after purchasing an additional 303,582 shares during the period. Dimensional Fund Advisors LP grew its holdings in T-Mobile US by 4.3% in the second quarter. Dimensional Fund Advisors LP now owns 4,459,130 shares of the Wireless communications provider's stock worth $785,667,000 after purchasing an additional 184,059 shares during the period. Boston Partners grew its holdings in shares of T-Mobile US by 1.1% during the first quarter. Boston Partners now owns 2,597,340 shares of the Wireless communications provider's stock valued at $424,025,000 after buying an additional 28,045 shares during the last quarter. TD Asset Management Inc grew its holdings in shares of T-Mobile US by 5.9% during the second quarter. TD Asset Management Inc now owns 2,294,637 shares of the Wireless communications provider's stock valued at $404,269,000 after buying an additional 128,241 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of T-Mobile US by 2.5% during the third quarter. Principal Financial Group Inc. now owns 1,978,567 shares of the Wireless communications provider's stock valued at $408,297,000 after buying an additional 47,350 shares during the last quarter. 42.49% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of research firms have recently commented on TMUS. KeyCorp increased their price target on shares of T-Mobile US from $230.00 to $252.00 and gave the company an "overweight" rating in a report on Thursday, October 24th. JPMorgan Chase & Co. raised 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. Evercore ISI raised their target price on shares of T-Mobile US from $220.00 to $240.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. BNP Paribas upgraded shares of T-Mobile US to a "strong-buy" rating in a report on Friday, October 25th. Finally, UBS Group raised their target price on shares of T-Mobile US from $210.00 to $255.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, T-Mobile US has an average rating of "Moderate Buy" and an average price target of $241.83.
View Our Latest Stock Analysis on TMUS
T-Mobile US Price Performance
Shares of TMUS opened at $235.47 on Thursday. T-Mobile US, Inc. has a fifty-two week low of $147.96 and a fifty-two week high of $242.43. The company has a 50 day moving average price of $218.19 and a 200-day moving average price of $194.11. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.08. The stock has a market capitalization of $273.26 billion, a PE ratio of 26.85, a PEG ratio of 1.19 and a beta of 0.50.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued 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. 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 analyst estimates of $20.01 billion. During the same quarter in the prior year, the business posted $1.82 EPS. T-Mobile US's revenue for the quarter was up 4.7% compared to the same quarter last year. Equities analysts predict that T-Mobile US, Inc. will post 9.38 earnings per share for the current fiscal year.
T-Mobile US Increases Dividend
The firm 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. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.49%. This is a positive change from T-Mobile US's previous quarterly dividend of $0.65. T-Mobile US's dividend payout ratio is presently 29.65%.
Insider Transactions at T-Mobile US
In other news, EVP Mark Wolfe Nelson sold 42,769 shares of the stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $216.26, for a total value of $9,249,223.94. Following the sale, the executive vice president now owns 61,871 shares in the company, valued at $13,380,222.46. This represents a 40.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Raul Marcelo Claure sold 132,309 shares of the firm's stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $196.74, for a total transaction of $26,030,472.66. Following the sale, the director now owns 1,551,204 shares in the company, valued at approximately $305,183,874.96. This represents a 7.86 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 455,338 shares of company stock worth $95,539,866 over the last 90 days. 0.67% of the stock is currently owned by company insiders.
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.
Further Reading
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