T-Mobile US, Inc. $TMUS Stake Raised by New York Life Investment Management LLC

New York Life Investment Management LLC increased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 10.6% in the third quarter, HoldingsChannel reports. The institutional investor owned 71,758 shares of the Wireless communications provider’s stock after purchasing an additional 6,872 shares during the quarter. New York Life Investment Management LLC’s holdings in T-Mobile US were worth $11,702,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. BlackRock Inc. bought a new position in T-Mobile US in the second quarter valued at approximately $6,625,275,000. Bank of New York Mellon Corp acquired a new stake in T-Mobile US during the 2nd quarter worth $839,194,000. Bank of America Corp DE acquired a new stake in T-Mobile US during the 2nd quarter worth $758,977,000. Legal & General Group Plc bought a new stake in shares of T-Mobile US during the 2nd quarter valued at $583,675,000. Finally, Deutsche Bank AG bought a new stake in shares of T-Mobile US during the 2nd quarter valued at $349,928,000. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Stock Up 1.8%

Shares of NASDAQ TMUS opened at $172.16 on Thursday. The stock has a market cap of $182.36 billion, a P/E ratio of 16.62, a P/E/G ratio of 0.98 and a beta of 0.40. The firm has a 50 day moving average price of $164.28 and a 200 day moving average price of $185.96. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.78 and a current ratio of 0.91. T-Mobile US, Inc. has a 52-week low of $143.75 and a 52-week high of $224.75.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, October 28th. The Wireless communications provider reported $3.22 EPS for the quarter, beating the consensus estimate of $2.89 by $0.33. The firm had revenue of $23.58 billion during the quarter, compared to the consensus estimate of $23.15 billion. T-Mobile US had a net margin of 12.05% and a return on equity of 21.47%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.41 earnings per share. Analysts expect that T-Mobile US, Inc. will post 11.50 EPS for the current year.

T-Mobile US Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Wednesday, November 25th will be issued a $1.17 dividend. This is a positive change from T-Mobile US’s previous quarterly dividend of $1.02. The ex-dividend date of this dividend is Wednesday, November 25th. This represents a $4.68 annualized dividend and a dividend yield of 2.7%. T-Mobile US’s dividend payout ratio (DPR) is presently 39.38%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TMUS. Scotiabank increased their price target on T-Mobile US from $212.00 to $214.00 and gave the company a “sector outperform” rating in a research note on Thursday, October 29th. TD Cowen decreased their price objective on T-Mobile US from $260.00 to $258.00 and set a “buy” rating for the company in a research note on Thursday, October 29th. Wells Fargo & Company dropped their price objective on T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating for the company in a report on Friday, July 24th. KeyCorp dropped their price objective on T-Mobile US from $250.00 to $240.00 and set an “overweight” rating for the company in a report on Thursday, October 29th. Finally, UBS Group cut their target price on T-Mobile US from $255.00 to $235.00 and set a “buy” rating on the stock in a research note on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, T-Mobile US currently has an average rating of “Moderate Buy” and an average price target of $235.13.

Insider Activity

In related news, CAO Daniel James Drobac sold 772 shares of the company’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $178.33, for a total value of $137,670.76. Following the completion of the sale, the chief accounting officer owned 35,118 shares in the company, valued at $6,262,592.94. This represents a 2.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.32% of the stock is owned by company insiders.

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.