Strategy Asset Managers LLC Increases Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Strategy Asset Managers LLC raised its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 220.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,929 shares of the Wireless communications provider's stock after purchasing an additional 4,769 shares during the period. Strategy Asset Managers LLC's holdings in T-Mobile US were worth $1,430,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Legal & General Group Plc grew its position 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 valued at $837,032,000 after acquiring an additional 303,582 shares during the last quarter. Dimensional Fund Advisors LP grew its position in T-Mobile US by 4.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,459,130 shares of the Wireless communications provider's stock worth $785,667,000 after acquiring an additional 184,059 shares during the last quarter. Boston Partners raised its holdings in T-Mobile US by 1.1% in the 1st 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 raised its stake 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 acquiring an additional 128,241 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of T-Mobile US by 2.5% in the third quarter. Principal Financial Group Inc. now owns 1,978,567 shares of the Wireless communications provider's stock worth $408,297,000 after purchasing an additional 47,350 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Evercore ISI lifted their target price on T-Mobile US from $220.00 to $240.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Daiwa America upgraded T-Mobile US to a "hold" rating in a report on Friday, October 25th. BNP Paribas upgraded shares of T-Mobile US to a "strong-buy" rating in a report on Friday, October 25th. Oppenheimer upped their price objective on shares of T-Mobile US from $215.00 to $250.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Finally, Barclays lifted their target price on shares of T-Mobile US from $215.00 to $230.00 and gave the stock an "overweight" rating in a research note on Thursday, October 24th. Three research 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 stock. According to data from MarketBeat.com, T-Mobile US presently has a consensus rating of "Moderate Buy" and an average target price of $241.83.

Insider Buying and Selling

In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of the company's stock in a transaction 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 completion of the transaction, the chief executive officer now owns 378,124 shares in the company, valued at $89,891,418.52. This represents a 5.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Raul Marcelo Claure sold 2,706 shares of T-Mobile US stock in a transaction on Monday, August 26th. The stock was sold at an average price of $200.11, for a total value of $541,497.66. Following the sale, the director now owns 1,826,204 shares in the company, valued at $365,441,682.44. The trade was a 0.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 455,338 shares of company stock worth $95,539,866. 0.67% of the stock is owned by insiders.

T-Mobile US Stock Up 0.6 %

Shares of T-Mobile US stock traded up $1.44 during trading hours on Wednesday, reaching $234.64. The company's stock had a trading volume of 1,178,383 shares, compared to its average volume of 4,414,415. The company has a market capitalization of $272.30 billion, a P/E ratio of 26.59, a P/E/G ratio of 1.20 and a beta of 0.50. The stock's fifty day simple moving average is $217.45 and its two-hundred day simple moving average is $193.82. T-Mobile US, Inc. has a one year low of $147.96 and a one year high of $242.43. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.08.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released 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 return on equity of 16.35% and a net margin of 12.96%. The business had revenue of $20.16 billion during the quarter, compared to the consensus estimate of $20.01 billion. During the same quarter in the previous year, the business earned $1.82 EPS. The company's quarterly revenue was up 4.7% on a year-over-year basis. On average, research analysts forecast that T-Mobile US, Inc. will post 9.38 earnings per share for the current year.

T-Mobile US Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be given a dividend of $0.88 per share. This is a positive change from T-Mobile US's previous quarterly dividend of $0.65. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date is Wednesday, November 27th. T-Mobile US's dividend payout ratio (DPR) is presently 29.65%.

T-Mobile US Company Profile

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.