Freedom Investment Management Inc. Raises Holdings in T-Mobile US, Inc. $TMUS

Freedom Investment Management Inc. boosted its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 31.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,696 shares of the Wireless communications provider’s stock after purchasing an additional 1,378 shares during the quarter. Freedom Investment Management Inc.’s holdings in T-Mobile US were worth $1,357,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of TMUS. NorthCrest Asset Manangement LLC purchased a new position in shares of T-Mobile US in the second quarter valued at approximately $284,000. Crestwood Advisors Group LLC increased its holdings in shares of T-Mobile US by 79.5% in the first quarter. Crestwood Advisors Group LLC now owns 1,635 shares of the Wireless communications provider’s stock valued at $436,000 after purchasing an additional 724 shares during the last quarter. Berkshire Bank increased 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 worth $3,000,000 after acquiring an additional 1,400 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in T-Mobile US by 14.3% during the first 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 acquiring an additional 864,030 shares during the last quarter. Finally, Nordea Investment Management AB increased its stake in T-Mobile US by 19.9% during the second quarter. Nordea Investment Management AB now owns 1,904,969 shares of the Wireless communications provider’s stock worth $450,887,000 after acquiring an additional 315,644 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insider Transactions at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 64,426 shares of the company’s stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $226.17, for a total value of $14,571,228.42. Following the sale, the director owned 582,220,759 shares of the company’s stock, valued at approximately $131,680,869,063.03. This represents a 0.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last 90 days, insiders sold 2,389,677 shares of company stock valued at $575,795,321. 0.37% of the stock is currently owned by corporate insiders.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $219.99 on Friday. The business’s 50 day moving average is $240.04 and its two-hundred day moving average is $240.85. The stock has a market capitalization of $247.58 billion, a price-to-earnings ratio of 20.75, a PEG ratio of 1.56 and a beta of 0.59. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33. T-Mobile US, Inc. has a 12-month low of $208.39 and a 12-month 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 EPS for the quarter, topping 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 19.68% and a net margin of 14.53%.The company’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.61 EPS. Research analysts expect 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 paid a dividend of $1.02 per share. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.88. 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%. T-Mobile US’s dividend payout ratio is presently 33.21%.

Wall Street Analysts Forecast Growth

TMUS has been the subject of a number of research reports. Moffett Nathanson lifted their price objective on T-Mobile US from $210.00 to $230.00 and gave the company a “neutral” rating in a research note on Thursday, October 2nd. Royal Bank Of Canada upgraded T-Mobile US from a “sector perform” rating to an “outperform” rating and set a $270.00 target price for the company in a report on Tuesday, October 14th. Arete Research raised T-Mobile US to a “strong-buy” rating in a report on Tuesday, July 8th. Rothschild & Co Redburn upgraded T-Mobile US from a “sell” rating to a “neutral” rating and set a $228.00 target price on the stock in a research report on Monday, July 7th. Finally, Scotiabank lifted their target price on T-Mobile US from $271.50 to $278.00 and gave the stock a “sector outperform” rating in a research report on Monday, October 6th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $268.71.

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.