138,300 Shares in T-Mobile US, Inc. $TMUS Acquired by Homestead Advisers Corp

Homestead Advisers Corp acquired a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 138,300 shares of the Wireless communications provider’s stock, valued at approximately $32,951,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Activest Wealth Management boosted its position in T-Mobile US by 9,400.0% during the 1st quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock valued at $25,000 after buying an additional 94 shares during the period. Missouri Trust & Investment Co boosted its holdings in shares of T-Mobile US by 807.7% during the second quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 105 shares during the period. Stone House Investment Management LLC bought a new stake in shares of T-Mobile US in the first quarter worth about $29,000. TCTC Holdings LLC increased its holdings in T-Mobile US by 208.1% during the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider’s stock valued at $30,000 after purchasing an additional 77 shares during the period. Finally, N.E.W. Advisory Services LLC purchased a new stake in T-Mobile US in the 1st quarter worth approximately $47,000. Institutional investors own 42.49% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on TMUS shares. Hsbc Global Res raised T-Mobile US from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 24th. Moffett Nathanson lifted their price target on shares of T-Mobile US from $210.00 to $230.00 and gave the company a “neutral” rating in a report on Thursday, October 2nd. DZ Bank restated a “buy” rating on shares of T-Mobile US in a report on Tuesday, October 28th. Wells Fargo & Company raised shares of T-Mobile US from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $250.00 to $260.00 in a research report on Thursday, October 16th. Finally, Morgan Stanley reduced their price target on shares of T-Mobile US from $285.00 to $280.00 and set an “overweight” rating on the stock in a research report on Friday, October 24th. Three 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’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $266.63.

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the business’s stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $250.87, for a total value of $17,520,760.80. Following the sale, the director directly owned 636,271,724 shares of the company’s stock, valued at approximately $159,621,487,399.88. The trade was a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold a total of 2,183,061 shares of company stock worth $523,510,104 in the last three months. 0.37% of the stock is currently owned by insiders.

T-Mobile US Stock Up 1.5%

Shares of T-Mobile US stock opened at $206.29 on Wednesday. T-Mobile US, Inc. has a 1 year low of $202.73 and a 1 year high of $276.49. The firm has a market cap of $230.74 billion, a price-to-earnings ratio of 19.84, a PEG ratio of 1.51 and a beta of 0.59. The company has a 50-day moving average of $233.31 and a 200 day moving average of $238.01. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.89 and a quick ratio of 0.80.

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 the consensus estimate of $2.40 by $0.01. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. The business had revenue of $21.96 billion for the quarter, compared to analyst estimates of $21.61 billion. During the same quarter in the previous year, the firm posted $2.61 earnings per share. T-Mobile US’s quarterly revenue was up 8.9% on a year-over-year basis. As a group, sell-side analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be given a dividend of $1.02 per share. 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. This represents a $4.08 dividend on an annualized basis and a yield of 2.0%. T-Mobile US’s dividend payout ratio is 39.23%.

T-Mobile US Company 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.