Coordinated Financial Services Inc. Buys New Position in T-Mobile US, Inc. $TMUS

Coordinated Financial Services Inc. bought a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,597 shares of the Wireless communications provider’s stock, valued at approximately $619,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nuveen LLC acquired a new stake in T-Mobile US in the 1st quarter valued at about $618,248,000. Assenagon Asset Management S.A. lifted its holdings in T-Mobile US by 518.8% in the 2nd 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 acquiring an additional 1,160,275 shares during the last quarter. Canada Pension Plan Investment Board lifted its holdings in T-Mobile US by 14.3% in the 1st 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 acquiring an additional 864,030 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in T-Mobile US by 25.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,172,644 shares of the Wireless communications provider’s stock valued at $1,112,886,000 after acquiring an additional 844,932 shares during 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 own 42.49% of the company’s stock.

Insider Buying and Selling

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $232.63, for a total value of $16,246,879.20. Following the transaction, the director owned 646,822,764 shares in the company, valued at approximately $150,470,379,589.32. This represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders sold a total of 2,434,575 shares of company stock valued at $588,274,010 in the last 90 days. Corporate insiders own 0.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TMUS. Wolfe Research cut their price target on shares of T-Mobile US from $300.00 to $290.00 and set an “outperform” rating for the company in a report on Tuesday, September 30th. Moffett Nathanson upped their price objective on shares of T-Mobile US from $210.00 to $230.00 and gave the company a “neutral” rating in a research note on Thursday, October 2nd. Royal Bank Of Canada upped their price objective on shares of T-Mobile US from $265.00 to $270.00 and gave the company a “sector perform” rating in a research note on Friday, July 25th. Raymond James Financial raised shares of T-Mobile US to a “hold” rating in a research note on Wednesday, October 1st. Finally, The Goldman Sachs Group began coverage on shares of T-Mobile US in a research note on Tuesday, September 2nd. They set a “buy” rating and a $286.00 price objective for the company. Three investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $264.29.

T-Mobile US Price Performance

NASDAQ TMUS opened at $226.21 on Friday. The company has a 50 day simple moving average of $243.52 and a 200-day simple moving average of $243.23. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.21 and a quick ratio of 1.13. The firm has a market capitalization of $254.58 billion, a price-to-earnings ratio of 21.34, a price-to-earnings-growth ratio of 1.48 and a beta of 0.59. T-Mobile US, Inc. has a 52-week low of $208.39 and a 52-week high of $276.49.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.69 by $0.15. The business had revenue of $21.13 billion during the quarter, compared to analyst estimates of $20.99 billion. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The firm’s revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.49 earnings per share. Equities research 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 company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be issued a $1.02 dividend. This is an increase from T-Mobile US’s previous quarterly dividend of $0.88. This represents a $4.08 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Wednesday, November 26th. T-Mobile US’s dividend payout ratio is currently 38.49%.

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.