Profund Advisors LLC Boosts Stock Position in T-Mobile US, Inc. $TMUS

Profund Advisors LLC raised its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 13.3% during the second quarter, Holdings Channel.com reports. The firm owned 92,654 shares of the Wireless communications provider’s stock after buying an additional 10,881 shares during the period. T-Mobile US accounts for about 0.8% of Profund Advisors LLC’s holdings, making the stock its 17th largest holding. Profund Advisors LLC’s holdings in T-Mobile US were worth $22,076,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. NorthCrest Asset Manangement LLC bought a new position in shares of T-Mobile US during the 2nd quarter worth approximately $284,000. Crestwood Advisors Group LLC boosted its holdings in T-Mobile US by 79.5% during the first quarter. Crestwood Advisors Group LLC now owns 1,635 shares of the Wireless communications provider’s stock worth $436,000 after purchasing an additional 724 shares during the last quarter. Berkshire Bank grew its position in T-Mobile US by 12.5% in the second quarter. Berkshire Bank now owns 12,593 shares of the Wireless communications provider’s stock valued at $3,000,000 after purchasing an additional 1,400 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in T-Mobile US by 0.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,071,046 shares of the Wireless communications provider’s stock worth $255,187,000 after buying an additional 8,227 shares in the last quarter. Finally, PKO Investment Management Joint Stock Co acquired a new position in shares of T-Mobile US during the 2nd quarter worth about $11,913,000. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the firm’s stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $250.87, for a total transaction of $17,520,760.80. Following the transaction, the director directly owned 636,271,724 shares of the company’s stock, valued at $159,621,487,399.88. This trade represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 2,113,221 shares of company stock valued at $506,386,034 in the last 90 days. 0.37% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on TMUS. Scotiabank increased their price target on T-Mobile US from $271.50 to $278.00 and gave the company a “sector outperform” rating in a research report on Monday, October 6th. HSBC upgraded shares of T-Mobile US from a “hold” rating to a “buy” rating and set a $285.00 target price on the stock in a report on Friday, October 24th. Barclays decreased their price objective on shares of T-Mobile US from $250.00 to $240.00 and set an “overweight” rating for the company in a research report on Friday, October 24th. The Goldman Sachs Group initiated coverage on shares of T-Mobile US in a research report on Tuesday, September 2nd. They issued a “buy” rating and a $286.00 price objective on the stock. Finally, Royal Bank Of Canada restated 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 issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $266.63.

T-Mobile US Stock Up 3.0%

NASDAQ:TMUS opened at $207.00 on Friday. 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 company has a market cap of $231.53 billion, a PE ratio of 19.90, a P/E/G ratio of 1.51 and a beta of 0.57. The firm’s 50 day simple moving average is $230.49 and its 200 day simple moving average is $237.05.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data 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. The company had revenue of $21.96 billion for the quarter, compared to analyst estimates 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 period in the previous year, the firm earned $2.61 earnings per share. On average, research 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 declared a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be given a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Wednesday, November 26th. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.88. T-Mobile US’s payout ratio is 39.23%.

About T-Mobile US

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.