MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Acquires 59,635 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 101.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 118,526 shares of the Wireless communications provider’s stock after acquiring an additional 59,635 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in T-Mobile US were worth $19,003,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of TMUS. BluePath Capital Management LLC purchased a new stake in T-Mobile US in the third quarter worth about $26,000. Baker Avenue Asset Management LP increased its position in T-Mobile US by 63.3% in the third quarter. Baker Avenue Asset Management LP now owns 209 shares of the Wireless communications provider’s stock worth $29,000 after buying an additional 81 shares in the last quarter. SkyView Investment Advisors LLC purchased a new stake in T-Mobile US in the first quarter worth about $31,000. Raleigh Capital Management Inc. increased its position in T-Mobile US by 54.5% in the third quarter. Raleigh Capital Management Inc. now owns 255 shares of the Wireless communications provider’s stock worth $36,000 after buying an additional 90 shares in the last quarter. Finally, KB Financial Partners LLC purchased a new stake in T-Mobile US in the first quarter worth about $39,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Trading Up 0.7 %

Shares of NASDAQ TMUS traded up $1.21 during midday trading on Friday, hitting $163.22. The company’s stock had a trading volume of 3,919,848 shares, compared to its average volume of 4,764,481. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.18. The business’s 50 day moving average is $162.65 and its two-hundred day moving average is $153.81. T-Mobile US, Inc. has a 12-month low of $124.92 and a 12-month high of $168.64. The firm has a market cap of $193.72 billion, a P/E ratio of 23.55, a price-to-earnings-growth ratio of 0.66 and a beta of 0.49.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Thursday, January 25th. The Wireless communications provider reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.90 by ($0.23). T-Mobile US had a return on equity of 12.69% and a net margin of 10.59%. The business had revenue of $20.48 billion during the quarter, compared to analysts’ expectations of $19.67 billion. During the same quarter in the previous year, the company posted $1.18 earnings per share. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. As a group, equities research analysts expect that T-Mobile US, Inc. will post 8.98 EPS for the current year.

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Friday, May 31st will be issued a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $2.60 annualized dividend and a yield of 1.59%. T-Mobile US’s payout ratio is currently 37.52%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Citigroup increased their target price on T-Mobile US from $176.00 to $184.00 and gave the stock a “buy” rating in a research report on Monday. Morgan Stanley increased their target price on T-Mobile US from $180.00 to $186.00 and gave the stock an “overweight” rating in a research report on Monday, January 29th. Wells Fargo & Company increased their target price on T-Mobile US from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Monday, January 22nd. Royal Bank of Canada reiterated an “outperform” rating and set a $184.00 target price on shares of T-Mobile US in a research report on Wednesday, March 20th. Finally, Benchmark reiterated a “buy” rating and set a $200.00 target price on shares of T-Mobile US in a research report on Friday, January 26th. One equities research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $185.93.

Insiders Place Their Bets

In other news, insider Michael J. Katz sold 6,655 shares of T-Mobile US stock in a transaction on Friday, February 16th. The stock was sold at an average price of $161.23, for a total value of $1,072,985.65. Following the transaction, the insider now directly owns 126,616 shares in the company, valued at approximately $20,414,297.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Michael J. Katz sold 6,655 shares of T-Mobile US stock in a transaction on Friday, February 16th. The stock was sold at an average price of $161.23, for a total value of $1,072,985.65. Following the transaction, the insider now directly owns 126,616 shares in the company, valued at approximately $20,414,297.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mark Wolfe Nelson sold 13,872 shares of T-Mobile US stock in a transaction on Friday, February 16th. The shares were sold at an average price of $160.27, for a total value of $2,223,265.44. Following the completion of the transaction, the executive vice president now owns 107,328 shares in the company, valued at $17,201,458.56. The disclosure for this sale can be found here. Insiders have sold 5,926,047 shares of company stock worth $964,431,029 in the last ninety days. 0.70% of the stock is owned by company insiders.

About T-Mobile US

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.