45,000 T-Mobile US, Inc. $TMUS Shares Acquired by University of Texas Texas AM Investment Management Co.

University of Texas Texas AM Investment Management Co. increased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 7,413.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,607 shares of the Wireless communications provider’s stock after buying an additional 45,000 shares during the period. T-Mobile US accounts for about 0.9% of University of Texas Texas AM Investment Management Co.’s investment portfolio, making the stock its 24th biggest holding. University of Texas Texas AM Investment Management Co.’s holdings in T-Mobile US were worth $7,438,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. M Holdings Securities Inc. bought a new stake in T-Mobile US in the third quarter valued at about $331,000. Candriam S.C.A. lifted its stake in T-Mobile US by 1.5% in the third quarter. Candriam S.C.A. now owns 41,278 shares of the Wireless communications provider’s stock valued at $6,756,000 after buying an additional 600 shares during the period. StoneX Group Inc. lifted its stake in T-Mobile US by 16.5% in the third quarter. StoneX Group Inc. now owns 17,647 shares of the Wireless communications provider’s stock valued at $2,886,000 after buying an additional 2,501 shares during the period. Pictet Asset Management Holding SA lifted its stake in T-Mobile US by 39.8% in the third quarter. Pictet Asset Management Holding SA now owns 411,129 shares of the Wireless communications provider’s stock valued at $67,045,000 after buying an additional 117,012 shares during the period. Finally, Guidance Capital Inc. boosted its holdings in T-Mobile US by 5.5% during the third quarter. Guidance Capital Inc. now owns 12,628 shares of the Wireless communications provider’s stock worth $2,022,000 after buying an additional 655 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Stock Performance

TMUS stock opened at $162.01 on Monday. The business’s 50-day moving average price is $164.96 and its two-hundred day moving average price is $186.19. The company has a current ratio of 0.91, a quick ratio of 0.78 and a debt-to-equity ratio of 1.45. The firm has a market cap of $171.61 billion, a PE ratio of 15.64, a P/E/G ratio of 0.94 and a beta of 0.40. T-Mobile US, Inc. has a 1-year low of $143.75 and a 1-year high of $224.75.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Wednesday, October 28th. The Wireless communications provider reported $3.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.89 by $0.33. T-Mobile US had a return on equity of 21.47% and a net margin of 12.05%. The firm had revenue of $23.58 billion during the quarter, compared to analysts’ expectations of $23.15 billion. During the same period in the previous year, the firm earned $2.41 earnings per share. The company’s revenue was up 7.4% on a year-over-year basis. As a group, research analysts forecast that T-Mobile US, Inc. will post 11.44 earnings per share for the current year.

T-Mobile US Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Wednesday, November 25th will be given a $1.17 dividend. The ex-dividend date is Wednesday, November 25th. This represents a $4.68 annualized dividend and a dividend yield of 2.9%. This is a boost from T-Mobile US’s previous quarterly dividend of $1.02. T-Mobile US’s payout ratio is presently 39.38%.

Insider Activity

In related news, CAO Daniel James Drobac sold 772 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $178.33, for a total value of $137,670.76. Following the completion of the transaction, the chief accounting officer directly owned 35,118 shares in the company, valued at approximately $6,262,592.94. The trade was a 2.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.32% of the company’s stock.

Key T-Mobile US News

Here are the key news stories impacting T-Mobile US this week:

• Positive Sentiment: T-Mobile launched T-Mix customizable wireless plans and 5 Gig fiber service, with a 10-year price guarantee on the fiber offer. The products could help attract and retain customers and encourage bundled services, but their contribution to results remains to be seen. Article: T Mobile US Launches T Mix And 5 Gig Fiber
• Neutral Sentiment: Zacks highlighted TMUS as a value stock, while other coverage described it as a long-term growth stock. These are investment-style assessments rather than new company or earnings developments. Article: Here’s Why T-Mobile Is a Strong Value Stock
• Negative Sentiment: ETFs were net sellers of T-Mobile shares on Nov. 3, selling $24.5 million overall. The report noted that 32 funds bought shares and nine sold, so the flow data offers a limited signal rather than clear broad-based selling pressure. Article: ETFs Are Net Sellers of T-Mobile

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. decreased their target price on T-Mobile US from $260.00 to $235.00 and set an “overweight” rating for the company in a research report on Thursday, October 29th. Sanford C. Bernstein reaffirmed a “neutral” rating on shares of T-Mobile US in a research note on Monday, September 28th. The Goldman Sachs Group cut their price target on shares of T-Mobile US from $230.00 to $211.00 and set a “buy” rating on the stock in a research report on Friday, September 25th. Scotiabank lifted their price objective on shares of T-Mobile US from $212.00 to $214.00 and gave the stock a “sector outperform” rating in a research note on Thursday, October 29th. Finally, Moffett Nathanson boosted their price objective on shares of T-Mobile US from $242.00 to $246.00 and gave the company a “buy” rating in a report on Tuesday, September 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, T-Mobile US presently has an average rating of “Moderate Buy” and an average price target of $238.25.

T-Mobile US Company Profile

T-Mobile US, Inc is a wireless communications provider serving consumers, businesses and government customers in the United States. Its services include wireless voice, messaging and data, as well as broadband internet delivered over its wireless network.

The company offers service under the T-Mobile and Metro by T-Mobile brands. Its products and services include mobile plans, smartphones and other connected devices, home internet, and solutions for business customers.

T-Mobile traces its roots to VoiceStream Wireless, which Deutsche Telekom acquired in 2001.