PNC Financial Services Group Inc. Grows Position in T-Mobile US, Inc. $TMUS

PNC Financial Services Group Inc. grew its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 76.7% in the second quarter, Holdings Channel.com reports. The institutional investor owned 278,602 shares of the Wireless communications provider’s stock after buying an additional 120,960 shares during the quarter. PNC Financial Services Group Inc.’s holdings in T-Mobile US were worth $66,380,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Edgestream Partners L.P. acquired a new stake in T-Mobile US in the 1st quarter valued at about $480,000. Kornitzer Capital Management Inc. KS grew its position in shares of T-Mobile US by 4.2% in the first quarter. Kornitzer Capital Management Inc. KS now owns 1,968 shares of the Wireless communications provider’s stock valued at $525,000 after purchasing an additional 80 shares in the last quarter. Bryn Mawr Capital Management LLC grew its position in shares of T-Mobile US by 42.3% in the first quarter. Bryn Mawr Capital Management LLC now owns 1,562 shares of the Wireless communications provider’s stock valued at $417,000 after purchasing an additional 464 shares in the last quarter. Summit X LLC increased its holdings in shares of T-Mobile US by 4.6% in the first quarter. Summit X LLC now owns 1,090 shares of the Wireless communications provider’s stock valued at $291,000 after purchasing an additional 48 shares during the last quarter. Finally, Tributary Capital Management LLC increased its holdings in shares of T-Mobile US by 47.0% in the first quarter. Tributary Capital Management LLC now owns 1,470 shares of the Wireless communications provider’s stock valued at $392,000 after purchasing an additional 470 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $214.57 on Friday. The stock has a fifty day simple moving average of $227.14 and a 200-day simple moving average of $236.03. The company has a current ratio of 0.89, a quick ratio of 0.80 and a debt-to-equity ratio of 1.37. The stock has a market cap of $240.00 billion, a PE ratio of 20.63, a P/E/G ratio of 1.51 and a beta of 0.57. T-Mobile US, Inc. has a twelve month low of $199.41 and a twelve month high of $276.49.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 EPS for the quarter, topping analysts’ consensus estimates of $2.40 by $0.01. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The company had revenue of $21.96 billion for the quarter, compared to analysts’ expectations of $21.61 billion. During the same period in the prior year, the firm earned $2.61 earnings per share. The firm’s revenue was up 8.9% compared to the same quarter last year. Equities analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share 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. Investors 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 yield of 1.9%. The ex-dividend date of this dividend is Wednesday, November 26th. This is an increase from T-Mobile US’s previous quarterly dividend of $0.88. T-Mobile US’s payout ratio is currently 39.23%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Barclays lowered their price objective on T-Mobile US from $250.00 to $240.00 and set an “overweight” rating on the stock in a research note on Friday, October 24th. Wolfe Research reduced their price target on T-Mobile US from $300.00 to $290.00 and set an “outperform” rating on the stock in a report on Tuesday, September 30th. DZ Bank reissued a “buy” rating on shares of T-Mobile US in a report on Tuesday, October 28th. Wells Fargo & Company upgraded shares of T-Mobile US from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $250.00 to $260.00 in a research report on Thursday, October 16th. Finally, BNP Paribas Exane boosted their target price on shares of T-Mobile US from $290.00 to $305.00 and gave the company an “outperform” rating in a report on Monday, October 6th. 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 issued a Sell rating to the company. According to MarketBeat, T-Mobile US presently has a consensus rating of “Moderate Buy” and a consensus price target of $266.83.

Insider Buying and Selling

In other news, Director Telekom Ag Deutsche sold 1,374 shares of the stock in a transaction on 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 in the company, valued at approximately $128,322,242,802.50. This trade represents a 0.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Srini Gopalan bought 9,800 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The stock was bought at an average price of $201.82 per share, with a total value of $1,977,836.00. Following the completion of the acquisition, the chief executive officer owned 90,258 shares of the company’s stock, valued at $18,215,869.56. This trade represents a 12.18% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have sold 1,971,041 shares of company stock worth $470,946,486. 0.37% of the stock is owned by company insiders.

T-Mobile US 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.