Banco Santander S.A. Has $19.72 Million Stock Position in T-Mobile US, Inc. $TMUS

Banco Santander S.A. lowered its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 28.0% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 82,752 shares of the Wireless communications provider’s stock after selling 32,134 shares during the quarter. Banco Santander S.A.’s holdings in T-Mobile US were worth $19,716,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Solstein Capital LLC grew its holdings in shares of T-Mobile US by 7.1% during the 2nd quarter. Solstein Capital LLC now owns 2,485 shares of the Wireless communications provider’s stock worth $592,000 after purchasing an additional 164 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of T-Mobile US by 0.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,071,046 shares of the Wireless communications provider’s stock worth $255,187,000 after purchasing an additional 8,227 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of T-Mobile US by 5.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 171,996 shares of the Wireless communications provider’s stock worth $40,980,000 after purchasing an additional 9,335 shares in the last quarter. Resonant Capital Advisors LLC grew its holdings in shares of T-Mobile US by 6.2% during the 2nd quarter. Resonant Capital Advisors LLC now owns 2,127 shares of the Wireless communications provider’s stock worth $507,000 after purchasing an additional 124 shares in the last quarter. Finally, Prudent Man Advisors LLC grew its holdings in shares of T-Mobile US by 20.0% during the 2nd quarter. Prudent Man Advisors LLC now owns 8,759 shares of the Wireless communications provider’s stock worth $2,087,000 after purchasing an additional 1,459 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Price Performance

T-Mobile US stock opened at $217.77 on Monday. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.89 and a quick ratio of 0.80. The company has a market capitalization of $243.58 billion, a PE ratio of 20.94, a price-to-earnings-growth ratio of 1.48 and a beta of 0.59. T-Mobile US, Inc. has a one year low of $208.39 and a one year high of $276.49. The business has a 50 day simple moving average of $239.30 and a 200 day simple moving average of $240.52.

T-Mobile US (NASDAQ:TMUS) last posted its 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 during the quarter, compared to the consensus estimate of $21.61 billion. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.T-Mobile US’s revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the company earned $2.61 EPS. On average, sell-side analysts forecast 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. Shareholders of record on Wednesday, November 26th will be given a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 1.9%. The ex-dividend date is Wednesday, November 26th. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.88. T-Mobile US’s dividend payout ratio is presently 33.85%.

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $250.87, for a total value of $17,520,760.80. Following the completion of the transaction, the director owned 636,271,724 shares in the company, valued at approximately $159,621,487,399.88. The trade was a 0.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders sold 2,319,837 shares of company stock valued at $559,130,799. Insiders own 0.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TMUS. Rothschild & Co Redburn raised T-Mobile US from a “sell” rating to a “neutral” rating and set a $228.00 price objective on the stock in a report on Monday, July 7th. Weiss Ratings reissued a “buy (b)” rating on shares of T-Mobile US in a report on Friday. Redburn Atlantic raised T-Mobile US from a “strong sell” rating to a “hold” rating and set a $228.00 price objective on the stock in a report on Monday, July 7th. Raymond James Financial raised T-Mobile US to a “hold” rating in a report on Wednesday, October 1st. Finally, Scotiabank lifted their price objective on T-Mobile US from $271.50 to $278.00 and gave the stock a “sector outperform” rating in a report on Monday, October 6th. Three analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, T-Mobile US has an average rating of “Moderate Buy” and an average target price of $268.22.

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.