WESPAC Advisors SoCal LLC raised its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 4.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,664 shares of the Wireless communications provider's stock after acquiring an additional 2,888 shares during the period. T-Mobile US makes up approximately 2.9% of WESPAC Advisors SoCal LLC's holdings, making the stock its 13th biggest holding. WESPAC Advisors SoCal LLC's holdings in T-Mobile US were worth $12,725,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the business. Legal & General Group Plc increased its stake in T-Mobile US by 6.8% in the 2nd quarter. Legal & General Group Plc now owns 4,751,007 shares of the Wireless communications provider's stock worth $837,032,000 after buying an additional 303,582 shares during the period. Dimensional Fund Advisors LP increased its holdings 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 acquiring an additional 184,059 shares in the last quarter. Clearbridge Investments LLC raised its holdings in shares of T-Mobile US by 18.8% in the first 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. Boston Partners lifted 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 worth $424,025,000 after purchasing an additional 28,045 shares during the period. Finally, TD Asset Management Inc raised 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 worth $404,269,000 after purchasing an additional 128,241 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
TMUS has been the topic of a number of research reports. Wells Fargo & Company raised their price target on shares of T-Mobile US from $230.00 to $240.00 and gave the company an "overweight" rating in a research note on Thursday, October 24th. BNP Paribas upgraded shares of T-Mobile US to a "strong-buy" rating in a report on Friday, October 25th. Royal Bank of Canada boosted their price target on shares of T-Mobile US from $232.00 to $255.00 and gave the company an "outperform" rating in a research report on Friday, October 25th. Tigress Financial lifted their price objective on shares of T-Mobile US from $205.00 to $235.00 and gave the company a "buy" rating in a research note on Monday, August 12th. Finally, Oppenheimer lifted 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 report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $241.83.
Read Our Latest Stock Analysis on T-Mobile US
T-Mobile US Trading Down 0.9 %
NASDAQ TMUS traded down $2.14 during mid-day trading on Friday, reaching $235.61. 3,940,160 shares of the stock were exchanged, compared to its average volume of 4,032,005. The business's fifty day simple moving average is $215.88 and its 200 day simple moving average is $192.64. 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 $273.42 billion, a PE ratio of 26.87, a PEG ratio of 1.20 and a beta of 0.50. T-Mobile US, Inc. has a 1-year low of $147.07 and a 1-year high of $242.43.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, topping 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 analyst estimates of $20.01 billion. During the same period in the prior year, the firm posted $1.82 EPS. The company's revenue was up 4.7% on a year-over-year basis. On average, research analysts anticipate that T-Mobile US, Inc. will post 9.38 earnings per share for the current fiscal year.
T-Mobile US Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be given a $0.88 dividend. This is an increase 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 annualized dividend and a yield of 1.49%. T-Mobile US's dividend payout ratio (DPR) is 29.65%.
Insider Transactions at T-Mobile US
In related news, EVP Nestor Cano sold 11,100 shares of the business's stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $230.75, for a total transaction of $2,561,325.00. Following the completion of the transaction, the executive vice president now owns 4,400 shares in the company, valued at $1,015,300. The trade was a 71.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO G Michael Sievert sold 20,000 shares of T-Mobile US stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $237.73, for a total value of $4,754,600.00. Following the sale, the chief executive officer now directly owns 378,124 shares in the company, valued at approximately $89,891,418.52. This trade represents a 5.02 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 464,924 shares of company stock valued at $97,427,925. Corporate insiders own 0.67% of the company's stock.
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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