Cumberland Partners Ltd Buys Shares of 5,500 T-Mobile US, Inc. $TMUS

Cumberland Partners Ltd purchased a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the second quarter, Holdings Channel.com reports. The fund purchased 5,500 shares of the Wireless communications provider’s stock, valued at approximately $1,310,000.

Other hedge funds have also made changes to their positions in the company. Nuveen LLC bought a new position in T-Mobile US during the 1st quarter valued at $618,248,000. Assenagon Asset Management S.A. lifted its holdings in shares of T-Mobile US by 518.8% in the second quarter. Assenagon Asset Management S.A. now owns 1,383,922 shares of the Wireless communications provider’s stock valued at $329,733,000 after buying an additional 1,160,275 shares during the period. Canada Pension Plan Investment Board boosted its stake in T-Mobile US by 14.3% during the first quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider’s stock valued at $1,837,399,000 after buying an additional 864,030 shares in the last quarter. Goldman Sachs Group Inc. raised its position in T-Mobile US by 25.4% in the first quarter. Goldman Sachs Group Inc. now owns 4,172,644 shares of the Wireless communications provider’s stock worth $1,112,886,000 after acquiring an additional 844,932 shares in the last quarter. Finally, Amundi lifted its holdings in T-Mobile US by 34.4% in the 1st quarter. Amundi now owns 3,176,925 shares of the Wireless communications provider’s stock valued at $851,066,000 after acquiring an additional 813,331 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insider Transactions at T-Mobile US

In related news, insider Michael J. Katz sold 2,500 shares of T-Mobile US stock in a transaction on Monday, November 17th. The stock was sold at an average price of $215.91, for a total transaction of $539,775.00. Following the completion of the sale, the insider owned 156,203 shares of the company’s stock, valued at approximately $33,725,789.73. This trade represents a 1.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Telekom Ag Deutsche sold 1,374 shares of the company’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 completion of the transaction, the director directly owned 582,065,875 shares in the company, valued at approximately $128,322,242,802.50. The trade was a 0.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,858,861 shares of company stock valued at $440,048,489 in the last three months. 0.37% of the stock is currently owned by insiders.

T-Mobile US Trading Down 0.8%

Shares of NASDAQ TMUS opened at $211.27 on Thursday. T-Mobile US, Inc. has a one year low of $199.41 and a one year high of $276.49. The firm has a market capitalization of $236.31 billion, a PE ratio of 20.31, a PEG ratio of 1.51 and a beta of 0.57. 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 business has a 50-day moving average price of $224.69 and a two-hundred day moving average price of $235.13.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.40 by $0.01. The company had revenue of $21.96 billion for 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%.The firm’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.61 EPS. As a group, analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.9%. This is a boost 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 dividend payout ratio (DPR) is currently 39.23%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Benchmark lifted their price objective on shares of T-Mobile US from $275.00 to $295.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. DZ Bank restated a “buy” rating on shares of T-Mobile US in a report on Tuesday, October 28th. Zacks Research downgraded T-Mobile US from a “hold” rating to a “strong sell” rating in a report on Monday, October 27th. Cowen restated a “buy” rating on shares of T-Mobile US in a report on Friday, October 24th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating on shares of T-Mobile US in a research note on Friday, October 24th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $266.83.

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.