Deutsche Bank AG Makes New $349.93 Million Investment in T-Mobile US, Inc. $TMUS

Deutsche Bank AG purchased a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,086,255 shares of the Wireless communications provider’s stock, valued at approximately $349,928,000. Deutsche Bank AG owned 0.19% of T-Mobile US as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the company. CYBER HORNET ETFs LLC lifted its holdings in T-Mobile US by 3.8% in the third quarter. CYBER HORNET ETFs LLC now owns 1,319 shares of the Wireless communications provider’s stock valued at $316,000 after acquiring an additional 48 shares during the period. Meeder Asset Management Inc. raised its position in shares of T-Mobile US by 16.2% in the fourth quarter. Meeder Asset Management Inc. now owns 351 shares of the Wireless communications provider’s stock worth $71,000 after acquiring an additional 49 shares during the period. Wellspring Financial Advisors LLC raised its holdings in T-Mobile US by 4.3% in the 4th quarter. Wellspring Financial Advisors LLC now owns 1,273 shares of the Wireless communications provider’s stock worth $259,000 after purchasing an additional 52 shares during the period. Essex Financial Services Inc. boosted its position in T-Mobile US by 3.5% during the first quarter. Essex Financial Services Inc. now owns 1,551 shares of the Wireless communications provider’s stock worth $326,000 after purchasing an additional 53 shares in the last quarter. Finally, Tcfg Wealth Management LLC grew its holdings in T-Mobile US by 5.6% in the third quarter. Tcfg Wealth Management LLC now owns 999 shares of the Wireless communications provider’s stock valued at $239,000 after purchasing an additional 53 shares during the period. 42.49% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TMUS has been the topic of a number of recent analyst reports. The Goldman Sachs Group reiterated a “buy” rating on shares of T-Mobile US in a research report on Wednesday, April 29th. Bank of America raised shares of T-Mobile US from a “neutral” rating to a “buy” rating and set a $220.00 price target for the company in a report on Monday, July 6th. KeyCorp decreased their price objective on shares of T-Mobile US from $260.00 to $250.00 and set an “overweight” rating on the stock in a report on Friday, July 24th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of T-Mobile US in a research report on Tuesday, May 19th. Finally, TD Cowen cut their target price on shares of T-Mobile US from $261.00 to $260.00 and set a “buy” rating for the company in a research note on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $252.08.

T-Mobile US Trading Down 1.4%

Shares of T-Mobile US stock opened at $180.12 on Tuesday. The stock has a 50 day moving average of $181.63 and a 200 day moving average of $194.24. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.83 and a current ratio of 0.92. The firm has a market capitalization of $193.21 billion, a price-to-earnings ratio of 18.86, a PEG ratio of 1.03 and a beta of 0.33. T-Mobile US, Inc. has a fifty-two week low of $165.66 and a fifty-two week high of $261.56.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share for the quarter, beating analysts’ consensus estimates of $2.59 by $0.40. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. The business had revenue of $22.79 billion during the quarter, compared to analysts’ expectations of $22.95 billion. During the same period last year, the business earned $2.84 earnings per share. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. As a group, research analysts predict that T-Mobile US, Inc. will post 10.73 earnings per share for the current year.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 28th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Friday, August 28th. T-Mobile US’s payout ratio is presently 42.72%.

Insider Activity at T-Mobile US

In related news, COO Jon Freier sold 4,799 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $190.00, for a total transaction of $911,810.00. Following the sale, the chief operating officer directly owned 217,168 shares in the company, valued at approximately $41,261,920. This represents a 2.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.32% of the company’s stock.

About T-Mobile US

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.