Lbp Am Sa Has $4.31 Million Stake in T-Mobile US, Inc. $TMUS

Lbp Am Sa grew its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 24.0% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 18,067 shares of the Wireless communications provider’s stock after acquiring an additional 3,498 shares during the period. Lbp Am Sa’s holdings in T-Mobile US were worth $4,305,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in TMUS. Merit Financial Group LLC lifted its position in shares of T-Mobile US by 33.6% in the first quarter. Merit Financial Group LLC now owns 9,692 shares of the Wireless communications provider’s stock valued at $2,585,000 after buying an additional 2,435 shares during the last quarter. Fulton Bank N.A. increased its stake in shares of T-Mobile US by 3.6% during the first quarter. Fulton Bank N.A. now owns 3,265 shares of the Wireless communications provider’s stock worth $871,000 after purchasing an additional 113 shares during the period. Hennion & Walsh Asset Management Inc. increased its stake in shares of T-Mobile US by 3.3% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 17,171 shares of the Wireless communications provider’s stock worth $4,580,000 after purchasing an additional 544 shares during the period. TrueWealth Advisors LLC bought a new position in shares of T-Mobile US during the first quarter worth approximately $226,000. Finally, Contravisory Investment Management Inc. increased its stake in shares of T-Mobile US by 49,075.0% during the first quarter. Contravisory Investment Management Inc. now owns 1,967 shares of the Wireless communications provider’s stock worth $525,000 after purchasing an additional 1,963 shares during the period. 42.49% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. KeyCorp reiterated an “underweight” rating and set a $200.00 target price on shares of T-Mobile US in a research note on Wednesday, July 9th. Bank of America assumed coverage on T-Mobile US in a research note on Monday, July 7th. They set a “neutral” rating and a $255.00 target price on the stock. Rothschild & Co Redburn upgraded T-Mobile US from a “sell” rating to a “neutral” rating and set a $228.00 target price on the stock in a research note on Monday, July 7th. Redburn Atlantic upgraded T-Mobile US from a “strong sell” rating to a “hold” rating and set a $228.00 target price on the stock in a research note on Monday, July 7th. Finally, Arete Research upgraded T-Mobile US to a “strong-buy” rating in a research note on Tuesday, July 8th. Three research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $262.26.

Insiders Place Their Bets

In related news, Director Telekom Ag Deutsche sold 64,415 shares of the business’s stock in a transaction on Monday, September 29th. The stock was sold at an average price of $238.11, for a total transaction of $15,337,855.65. Following the sale, the director owned 634,177,066 shares in the company, valued at $151,003,901,185.26. The trade was a 0.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last 90 days, insiders sold 2,520,207 shares of company stock worth $608,126,659. Insiders own 0.37% of the company’s stock.

T-Mobile US Trading Down 2.6%

Shares of TMUS opened at $233.26 on Thursday. T-Mobile US, Inc. has a 52-week low of $205.39 and a 52-week high of $276.49. The business’s fifty day moving average is $245.18 and its 200-day moving average is $244.51. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21. The firm has a market cap of $262.52 billion, a price-to-earnings ratio of 22.01, a PEG ratio of 1.31 and a beta of 0.59.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.69 by $0.15. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The company had revenue of $21.13 billion for the quarter, compared to analyst estimates of $20.99 billion. During the same quarter last year, the company posted $2.49 EPS. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. Equities analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS 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 given a dividend of $1.02 per share. The ex-dividend date is Wednesday, November 26th. This represents a $4.08 dividend on an annualized basis and a yield of 1.7%. This is an increase from T-Mobile US’s previous quarterly dividend of $0.88. T-Mobile US’s dividend payout ratio is presently 33.21%.

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.