ProShare Advisors LLC Acquires 65,326 Shares of T-Mobile US, Inc. $TMUS

ProShare Advisors LLC lifted its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 4.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,637,511 shares of the Wireless communications provider’s stock after purchasing an additional 65,326 shares during the quarter. T-Mobile US accounts for about 0.8% of ProShare Advisors LLC’s holdings, making the stock its 17th largest position. ProShare Advisors LLC’s holdings in T-Mobile US were worth $390,153,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in TMUS. Activest Wealth Management increased its position in shares of T-Mobile US by 9,400.0% during the first quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock valued at $25,000 after buying an additional 94 shares during the period. Missouri Trust & Investment Co increased its holdings in shares of T-Mobile US by 807.7% in the second quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 105 shares during the period. Stone House Investment Management LLC bought a new position in shares of T-Mobile US in the first quarter worth $29,000. Aspect Partners LLC raised its position in shares of T-Mobile US by 112.1% in the second quarter. Aspect Partners LLC now owns 123 shares of the Wireless communications provider’s stock worth $29,000 after buying an additional 65 shares in the last quarter. Finally, TCTC Holdings LLC boosted its stake in T-Mobile US by 208.1% during the first quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider’s stock valued at $30,000 after buying an additional 77 shares during the period. Institutional investors own 42.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Hsbc Global Res upgraded T-Mobile US from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 24th. Daiwa Capital Markets decreased their price objective on shares of T-Mobile US from $240.00 to $230.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 28th. The Goldman Sachs Group began coverage on shares of T-Mobile US in a research note on Tuesday, September 2nd. They issued a “buy” rating and a $286.00 price target for the company. Morgan Stanley lowered their price objective on shares of T-Mobile US from $285.00 to $280.00 and set an “overweight” rating on the stock in a research report on Friday, October 24th. Finally, Rothschild Redb upgraded shares of T-Mobile US to a “hold” rating in a research report on Tuesday, September 30th. Three analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, T-Mobile US has a consensus rating of “Moderate Buy” and an average price target of $266.63.

Insider Buying and Selling at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 1,374 shares of the firm’s stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $220.46, for a total value of $302,912.04. Following the sale, the director directly owned 582,065,875 shares of the company’s stock, valued at $128,322,242,802.50. This trade represents a 0.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold 2,043,381 shares of company stock worth $489,095,047 in the last ninety days. Corporate insiders own 0.37% of the company’s stock.

T-Mobile US Price Performance

Shares of T-Mobile US stock opened at $207.00 on Monday. The stock has a market capitalization of $231.53 billion, a P/E 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 company has a debt-to-equity ratio of 1.37, a current ratio of 0.89 and a quick ratio of 0.80. The business’s 50 day simple moving average is $230.49 and its two-hundred day simple moving average is $236.89.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $21.96 billion for the quarter, compared to analysts’ expectations of $21.61 billion. During the same quarter last year, the business earned $2.61 earnings per share. The business’s revenue was up 8.9% on a year-over-year basis. Analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Increases Dividend

The company also recently disclosed 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 represents a $4.08 annualized dividend and a dividend yield of 2.0%. 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. T-Mobile US’s payout ratio is currently 39.23%.

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.