AustralianSuper Pty Ltd Invests $984,000 in T-Mobile US, Inc. $TMUS

AustralianSuper Pty Ltd bought a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,130 shares of the Wireless communications provider’s stock, valued at approximately $984,000.

Other large investors have also recently bought and sold shares of the company. NorthCrest Asset Manangement LLC acquired a new position in shares of T-Mobile US in the 2nd quarter valued at $284,000. Crestwood Advisors Group LLC raised its stake in T-Mobile US by 79.5% during the first quarter. Crestwood Advisors Group LLC now owns 1,635 shares of the Wireless communications provider’s stock valued at $436,000 after buying an additional 724 shares in the last quarter. Berkshire Bank raised its stake in T-Mobile US by 12.5% during the second quarter. Berkshire Bank now owns 12,593 shares of the Wireless communications provider’s stock valued at $3,000,000 after buying an additional 1,400 shares in the last quarter. Canada Pension Plan Investment Board raised its position in shares of T-Mobile US by 14.3% during the 1st quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider’s stock valued at $1,837,399,000 after acquiring an additional 864,030 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its position in shares of T-Mobile US by 0.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,071,046 shares of the Wireless communications provider’s stock valued at $255,187,000 after acquiring an additional 8,227 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Price Performance

Shares of TMUS opened at $219.99 on Wednesday. The firm has a market capitalization of $246.06 billion, a price-to-earnings ratio of 21.15, a price-to-earnings-growth ratio of 1.55 and a beta of 0.59. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.80 and a current ratio of 0.89. The stock’s fifty day moving average is $237.85 and its 200-day moving average is $240.03. T-Mobile US, Inc. has a one year low of $208.39 and a one year high of $276.49.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 EPS for the quarter, beating the consensus estimate of $2.40 by $0.01. The firm had revenue of $21.96 billion for the quarter, compared to analysts’ expectations of $21.61 billion. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. T-Mobile US’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the company earned $2.61 EPS. Equities analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a $4.08 annualized dividend and a dividend yield of 1.9%. This is an increase from T-Mobile US’s previous quarterly dividend of $0.88. T-Mobile US’s dividend payout ratio is presently 33.85%.

Analyst Ratings Changes

A number of brokerages have weighed in on TMUS. Arete Research raised shares of T-Mobile US to a “strong-buy” rating in a report on Tuesday, July 8th. Cowen reiterated a “buy” rating on shares of T-Mobile US in a research note on Friday. Morgan Stanley dropped their price objective on shares of T-Mobile US from $285.00 to $280.00 and set an “overweight” rating on the stock in a research note on Friday, October 24th. Rothschild Redb upgraded T-Mobile US to a “hold” rating in a research report on Tuesday, September 30th. Finally, HSBC upgraded T-Mobile US from a “hold” rating to a “buy” rating and set a $285.00 price target on the stock in a research report on Friday, October 24th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, T-Mobile US has an average rating of “Moderate Buy” and a consensus price target of $266.63.

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the company’s stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $250.87, for a total value of $17,520,760.80. Following the transaction, the director owned 636,271,724 shares of the company’s stock, valued at approximately $159,621,487,399.88. This represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 2,273,274 shares of company stock valued at $547,198,479 in the last quarter. Insiders own 0.37% of the company’s stock.

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.