Danske Bank A S purchased a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS – Free Report) in the second quarter, Holdings Channel.com reports. The firm purchased 539,620 shares of the Wireless communications provider’s stock, valued at approximately $90,510,000.
Several other institutional investors have also recently made changes to their positions in the company. Sei Investments Co. raised its holdings in shares of T-Mobile US by 6.3% in the 2nd quarter. Sei Investments Co. now owns 142,587 shares of the Wireless communications provider’s stock valued at $33,972,000 after acquiring an additional 8,491 shares in the last quarter. Diversify Advisory Services LLC grew its holdings in shares of T-Mobile US by 315.7% during the second quarter. Diversify Advisory Services LLC now owns 4,548 shares of the Wireless communications provider’s stock worth $1,147,000 after purchasing an additional 3,454 shares in the last quarter. Darwin Wealth Management LLC purchased a new position in shares of T-Mobile US during the second quarter worth about $375,000. Raymond James Financial Inc. increased its position in shares of T-Mobile US by 0.5% in the second quarter. Raymond James Financial Inc. now owns 2,054,144 shares of the Wireless communications provider’s stock worth $489,420,000 after purchasing an additional 9,568 shares during the last quarter. Finally, Viking Global Investors LP increased its position in shares of T-Mobile US by 81.7% in the second quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider’s stock worth $677,925,000 after purchasing an additional 1,279,422 shares during the last quarter. Institutional investors own 42.49% of the company’s stock.
Insider Activity at T-Mobile US
In related news, COO Jon Freier sold 4,799 shares of the stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $190.00, for a total transaction of $911,810.00. Following the transaction, the chief operating officer owned 217,168 shares of the company’s stock, valued at approximately $41,261,920. This trade represents a 2.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.32% of the company’s stock.
Analyst Upgrades and Downgrades
Read Our Latest Stock Analysis on T-Mobile US
T-Mobile US Stock Performance
NASDAQ:TMUS opened at $182.75 on Wednesday. The company has a market capitalization of $196.03 billion, a price-to-earnings ratio of 19.14, a PEG ratio of 1.03 and a beta of 0.33. The business has a 50 day moving average of $181.70 and a 200 day moving average of $194.22. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.92 and a quick ratio of 0.83. T-Mobile US, Inc. has a 1-year low of $165.66 and a 1-year high of $261.56.
T-Mobile US (NASDAQ:TMUS – Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 EPS for the quarter, beating analysts’ consensus estimates of $2.59 by $0.40. The business had revenue of $22.79 billion for the quarter, compared to analysts’ expectations of $22.95 billion. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. The business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period last year, the business earned $2.84 earnings per share. On average, sell-side analysts predict that T-Mobile US, Inc. will post 10.73 earnings per share for the current fiscal year.
T-Mobile US Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 28th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.2%. T-Mobile US’s dividend payout ratio is 42.72%.
About T-Mobile US
T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.
Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.
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