XTX Topco Ltd Boosts Stock Position in T-Mobile US, Inc. $TMUS

XTX Topco Ltd raised its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 82.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 41,170 shares of the Wireless communications provider’s stock after buying an additional 18,622 shares during the quarter. T-Mobile US comprises 0.4% of XTX Topco Ltd’s portfolio, making the stock its 18th largest holding. XTX Topco Ltd’s holdings in T-Mobile US were worth $9,809,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Steward Partners Investment Advisory LLC boosted its position in shares of T-Mobile US by 0.5% in the second quarter. Steward Partners Investment Advisory LLC now owns 83,071 shares of the Wireless communications provider’s stock valued at $19,793,000 after acquiring an additional 399 shares during the period. CreativeOne Wealth LLC lifted its stake in T-Mobile US by 17.1% in the 2nd quarter. CreativeOne Wealth LLC now owns 4,700 shares of the Wireless communications provider’s stock worth $1,120,000 after purchasing an additional 686 shares in the last quarter. Summit Global Investments lifted its stake in T-Mobile US by 329.2% in the 2nd quarter. Summit Global Investments now owns 29,904 shares of the Wireless communications provider’s stock worth $7,125,000 after purchasing an additional 22,937 shares in the last quarter. Global Retirement Partners LLC bought a new position in T-Mobile US in the 2nd quarter valued at $2,353,000. Finally, Prudential Financial Inc. grew its position in shares of T-Mobile US by 8.0% during the 2nd quarter. Prudential Financial Inc. now owns 747,421 shares of the Wireless communications provider’s stock valued at $178,081,000 after purchasing an additional 55,245 shares in the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director G Michael Sievert sold 22,500 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $216.97, for a total transaction of $4,881,825.00. Following the completion of the transaction, the director directly owned 308,696 shares of the company’s stock, valued at $66,977,771.12. The trade was a 6.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Srini Gopalan purchased 9,800 shares of the stock in a transaction dated Thursday, November 6th. The shares were purchased at an average cost of $201.82 per share, for a total transaction of $1,977,836.00. Following the completion of the acquisition, the chief executive officer directly owned 90,258 shares in the company, valued at approximately $18,215,869.56. This trade represents a 12.18% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have sold 1,719,181 shares of company stock worth $404,701,767. Corporate insiders own 0.37% of the company’s stock.

T-Mobile US Stock Performance

NASDAQ:TMUS opened at $207.34 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 0.89 and a debt-to-equity ratio of 1.37. The firm’s fifty day simple moving average is $222.78 and its 200 day simple moving average is $234.16. The stock has a market cap of $231.91 billion, a P/E ratio of 19.94, a price-to-earnings-growth ratio of 1.51 and a beta of 0.57. T-Mobile US, Inc. has a twelve month low of $199.41 and a twelve month high of $276.49.

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

T-Mobile US Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 2.0%. This is a boost from T-Mobile US’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Wednesday, November 26th. T-Mobile US’s dividend payout ratio is presently 39.23%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on TMUS shares. Weiss Ratings restated a “buy (b)” rating on shares of T-Mobile US in a research report on Wednesday, October 8th. Raymond James Financial raised T-Mobile US to a “hold” rating in a report on Wednesday, October 1st. Rothschild Redb upgraded shares of T-Mobile US to a “hold” rating in a research report on Tuesday, September 30th. Barclays lowered their target price on shares of T-Mobile US from $250.00 to $240.00 and set an “overweight” rating on the stock in a research note on Friday, October 24th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of T-Mobile US from $280.00 to $300.00 in a research note on Thursday, October 2nd. Three research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, T-Mobile US currently has an average rating of “Moderate Buy” and a consensus price target of $266.83.

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.