KCM Investment Advisors LLC Acquires 953 Shares of T-Mobile US, Inc. $TMUS

KCM Investment Advisors LLC grew its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 5.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,974 shares of the Wireless communications provider’s stock after buying an additional 953 shares during the quarter. KCM Investment Advisors LLC’s holdings in T-Mobile US were worth $4,521,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Nuveen LLC bought a new position in shares of T-Mobile US in the first quarter worth about $618,248,000. Assenagon Asset Management S.A. increased its holdings in shares of T-Mobile US by 518.8% in the second quarter. Assenagon Asset Management S.A. now owns 1,383,922 shares of the Wireless communications provider’s stock valued at $329,733,000 after purchasing an additional 1,160,275 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of T-Mobile US by 14.3% in the first 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 purchasing an additional 864,030 shares in the last quarter. Goldman Sachs Group Inc. raised its position in T-Mobile US by 25.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,172,644 shares of the Wireless communications provider’s stock worth $1,112,886,000 after purchasing an additional 844,932 shares during the last quarter. Finally, Amundi lifted its holdings in T-Mobile US by 34.4% during the 1st quarter. Amundi now owns 3,176,925 shares of the Wireless communications provider’s stock worth $851,066,000 after buying an additional 813,331 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insider Activity

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the company’s stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $250.87, for a total value of $17,520,760.80. Following the completion of the sale, the director owned 636,271,724 shares in the company, valued at $159,621,487,399.88. This represents a 0.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Over the last three months, insiders have sold 2,113,221 shares of company stock valued at $506,386,034. 0.37% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

TMUS has been the subject of several research reports. The Goldman Sachs Group began coverage on T-Mobile US in a research note on Tuesday, September 2nd. They issued a “buy” rating and a $286.00 target price for the company. Zacks Research lowered T-Mobile US from a “hold” rating to a “strong sell” rating in a research report on Monday, October 27th. Weiss Ratings restated a “buy (b)” rating on shares of T-Mobile US in a research report on Wednesday, October 8th. Daiwa Capital Markets cut their target price on shares of T-Mobile US from $240.00 to $230.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 28th. Finally, BNP Paribas Exane lifted their price target on shares of T-Mobile US from $290.00 to $305.00 and gave the stock an “outperform” rating in a research report on Monday, October 6th. Three analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, T-Mobile US currently has a consensus rating of “Moderate Buy” and a consensus price target of $266.63.

T-Mobile US Price Performance

T-Mobile US stock opened at $207.00 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.80 and a debt-to-equity ratio of 1.37. The firm has a market capitalization of $231.53 billion, a P/E ratio of 19.90, a PEG ratio of 1.51 and a beta of 0.57. The business has a 50-day moving average of $230.49 and a 200-day moving average of $237.20. T-Mobile US, Inc. has a 1 year low of $199.41 and a 1 year high of $276.49.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.40 by $0.01. The business had revenue of $21.96 billion for the quarter, compared to the consensus estimate 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 revenue for the quarter was up 8.9% on a year-over-year basis. During the same period last year, the company posted $2.61 EPS. On average, equities analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be given a dividend of $1.02 per share. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.88. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Wednesday, November 26th. T-Mobile US’s payout ratio is 39.23%.

T-Mobile US 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.