T-Mobile US, Inc. $TMUS Shares Purchased by Tobam

Tobam boosted its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 278.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,058 shares of the Wireless communications provider’s stock after acquiring an additional 11,081 shares during the period. T-Mobile US comprises 1.4% of Tobam’s investment portfolio, making the stock its 29th biggest holding. Tobam’s holdings in T-Mobile US were worth $3,588,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Beck Bode LLC purchased a new position in T-Mobile US in the second quarter valued at $207,000. Forsta AP Fonden boosted its position in shares of T-Mobile US by 0.9% during the 2nd quarter. Forsta AP Fonden now owns 151,400 shares of the Wireless communications provider’s stock worth $36,073,000 after acquiring an additional 1,300 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new position in shares of T-Mobile US in the 2nd quarter valued at about $35,560,000. STF Management LP raised its position in shares of T-Mobile US by 2.5% during the 2nd quarter. STF Management LP now owns 18,191 shares of the Wireless communications provider’s stock worth $4,334,000 after acquiring an additional 436 shares in the last quarter. Finally, Boston Partners lifted its stake in T-Mobile US by 10.7% during the second quarter. Boston Partners now owns 1,536,095 shares of the Wireless communications provider’s stock worth $366,044,000 after purchasing an additional 148,140 shares during the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Tigress Financial boosted their price objective on shares of T-Mobile US from $305.00 to $310.00 and gave the stock a “buy” rating in a research report on Tuesday. Barclays dropped their price objective on T-Mobile US from $250.00 to $240.00 and set an “overweight” rating on the stock in a report on Friday, October 24th. Wells Fargo & Company raised T-Mobile US from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $250.00 to $260.00 in a research report on Thursday, October 16th. Wolfe Research cut their price target on T-Mobile US from $300.00 to $290.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 30th. Finally, Daiwa Capital Markets decreased their price objective on T-Mobile US from $240.00 to $230.00 and set a “neutral” rating for the company in a report on Tuesday, October 28th. Three analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $266.83.

Insider Activity at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 1,374 shares of the company’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $220.46, for a total transaction of $302,912.04. Following the transaction, the director owned 582,065,875 shares of the company’s stock, valued at $128,322,242,802.50. This represents a 0.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Srini Gopalan acquired 9,800 shares of the business’s stock in a transaction on Thursday, November 6th. The stock was acquired at an average price of $201.82 per share, with a total value of $1,977,836.00. Following the transaction, the chief executive officer directly owned 90,258 shares of the company’s stock, valued at $18,215,869.56. This represents a 12.18% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders sold a total of 2,043,381 shares of company stock valued at $489,095,047 over the last three months. Insiders own 0.37% of the company’s stock.

T-Mobile US Price Performance

Shares of NASDAQ TMUS opened at $211.98 on Wednesday. The stock has a fifty day moving average price of $228.69 and a 200 day moving average price of $236.35. T-Mobile US, Inc. has a 1-year low of $199.41 and a 1-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 company has a market cap of $237.10 billion, a PE ratio of 20.38, a P/E/G ratio of 1.51 and a beta of 0.57.

T-Mobile US (NASDAQ:TMUS) last released 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. 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 during the quarter, compared to analysts’ expectations of $21.61 billion. During the same quarter last year, the business earned $2.61 EPS. The business’s revenue was up 8.9% on a year-over-year basis. Sell-side analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Increases Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 1.9%. T-Mobile US’s dividend payout ratio (DPR) 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.