Los Angeles Capital Management LLC Raises Position in T-Mobile US, Inc. $TMUS

Los Angeles Capital Management LLC lifted its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 959.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 127,992 shares of the Wireless communications provider’s stock after purchasing an additional 115,909 shares during the quarter. Los Angeles Capital Management LLC’s holdings in T-Mobile US were worth $30,495,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in TMUS. Prospera Financial Services Inc boosted its stake in T-Mobile US by 8.4% in the 2nd quarter. Prospera Financial Services Inc now owns 22,946 shares of the Wireless communications provider’s stock worth $5,468,000 after buying an additional 1,776 shares during the last quarter. AGF Management Ltd. boosted its position in shares of T-Mobile US by 17.5% in the second quarter. AGF Management Ltd. now owns 5,437 shares of the Wireless communications provider’s stock worth $1,295,000 after acquiring an additional 810 shares during the last quarter. Summit Investment Advisors Inc. grew its holdings in T-Mobile US by 0.6% in the first quarter. Summit Investment Advisors Inc. now owns 41,940 shares of the Wireless communications provider’s stock valued at $11,186,000 after purchasing an additional 269 shares during the period. AE Wealth Management LLC increased its position in T-Mobile US by 18.3% during the second quarter. AE Wealth Management LLC now owns 27,016 shares of the Wireless communications provider’s stock worth $6,437,000 after purchasing an additional 4,188 shares during the last quarter. Finally, Fox Run Management L.L.C. purchased a new position in T-Mobile US during the second quarter worth approximately $804,000. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Stock Performance

T-Mobile US stock opened at $207.00 on Friday. The firm has a market capitalization of $231.53 billion, a PE ratio of 19.90, a price-to-earnings-growth ratio of 1.51 and a beta of 0.57. T-Mobile US, Inc. has a one year low of $199.41 and a one year high of $276.49. The stock’s 50 day moving average price is $230.49 and its 200 day moving average price is $237.05. 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 data on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.40 by $0.01. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. The company had revenue of $21.96 billion for the quarter, compared to analyst estimates of $21.61 billion. During the same quarter last year, the firm posted $2.61 earnings per share. The business’s quarterly revenue was up 8.9% on a year-over-year basis. As a group, sell-side analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently disclosed 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. The ex-dividend date is Wednesday, November 26th. This represents a $4.08 dividend on an annualized basis and a yield of 2.0%. This is an increase from T-Mobile US’s previous quarterly dividend of $0.88. T-Mobile US’s dividend payout ratio (DPR) is presently 39.23%.

Insiders Place Their Bets

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the firm’s stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $250.87, for a total transaction of $17,520,760.80. Following the completion of the sale, the director directly owned 636,271,724 shares in the company, valued at $159,621,487,399.88. This trade represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders have sold 2,113,221 shares of company stock valued at $506,386,034. Corporate insiders own 0.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TMUS. Wells Fargo & Company raised shares of T-Mobile US from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $250.00 to $260.00 in a research note on Thursday, October 16th. Weiss Ratings reissued a “buy (b)” rating on shares of T-Mobile US in a research report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft raised their price objective on T-Mobile US from $280.00 to $300.00 in a report on Thursday, October 2nd. The Goldman Sachs Group started coverage on T-Mobile US in a report on Tuesday, September 2nd. They set a “buy” rating and a $286.00 target price for the company. Finally, DZ Bank reaffirmed a “buy” rating on shares of T-Mobile US in a research report on Tuesday, October 28th. Three analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, T-Mobile US has a consensus rating of “Moderate Buy” and a consensus price target of $266.63.

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.