T-Mobile US, Inc. $TMUS Shares Purchased by Tobam

Tobam raised its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 278.6% during the 2nd quarter, Holdings Channel reports. The firm owned 15,058 shares of the Wireless communications provider’s stock after acquiring an additional 11,081 shares during the quarter. T-Mobile US comprises about 1.4% of Tobam’s holdings, making the stock its 29th biggest position. Tobam’s holdings in T-Mobile US were worth $3,588,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wellington Management Group LLP increased its holdings in T-Mobile US by 1.7% during the 1st quarter. Wellington Management Group LLP now owns 12,846,939 shares of the Wireless communications provider’s stock valued at $3,426,407,000 after acquiring an additional 214,224 shares in the last quarter. Canada Pension Plan Investment Board increased its stake 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 worth $1,837,399,000 after purchasing an additional 864,030 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of T-Mobile US by 25.4% during 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. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in T-Mobile US by 4.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,050,797 shares of the Wireless communications provider’s stock valued at $1,080,388,000 after buying an additional 169,562 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in T-Mobile US by 2.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,295,432 shares of the Wireless communications provider’s stock valued at $878,925,000 after buying an additional 65,394 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insider Activity

In other T-Mobile US news, CEO Srini Gopalan bought 9,800 shares of the business’s stock in a transaction on Thursday, November 6th. The shares were purchased at an average price of $201.82 per share, with a total value of $1,977,836.00. Following the completion of the acquisition, the chief executive officer directly owned 90,258 shares of the company’s stock, valued at approximately $18,215,869.56. The trade was a 12.18% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Telekom Ag Deutsche sold 1,374 shares of the company’s stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $220.46, for a total value of $302,912.04. Following the transaction, the director directly owned 582,065,875 shares of the company’s stock, valued at $128,322,242,802.50. This trade represents a 0.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 2,043,381 shares of company stock worth $489,095,047. 0.37% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on TMUS shares. JPMorgan Chase & Co. increased their target price on T-Mobile US from $280.00 to $300.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 30th. Benchmark lifted their price target on shares of T-Mobile US from $275.00 to $295.00 and gave the company a “buy” rating in a report on Friday, October 10th. Morgan Stanley cut their price objective on T-Mobile US from $285.00 to $280.00 and set an “overweight” rating on the stock in a research report on Friday, October 24th. Tigress Financial upped their target price on T-Mobile US from $305.00 to $310.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of T-Mobile US in a research note on Wednesday, October 8th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, T-Mobile US presently has an average rating of “Moderate Buy” and an average price target of $266.83.

T-Mobile US Stock Up 3.0%

NASDAQ:TMUS opened at $211.98 on Wednesday. The stock has a 50-day simple moving average of $228.69 and a 200 day simple moving average of $236.35. T-Mobile US, Inc. has a one year low of $199.41 and a one year high of $276.49. The company has a market capitalization of $237.10 billion, a price-to-earnings ratio of 20.38, a price-to-earnings-growth ratio of 1.51 and a beta of 0.57. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.80 and a current ratio of 0.89.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.40 by $0.01. The business had revenue of $21.96 billion for the quarter, compared to analyst estimates of $21.61 billion. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The business’s revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the company posted $2.61 EPS. Sell-side analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.9%. This is a boost from T-Mobile US’s previous quarterly dividend of $0.88. T-Mobile US’s payout ratio is currently 39.23%.

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.