T-Mobile US, Inc. $TMUS Shares Acquired by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP lifted its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 27.8% in the third quarter, Holdings Channel.com reports. The firm owned 25,528 shares of the Wireless communications provider’s stock after buying an additional 5,547 shares during the period. Fulcrum Asset Management LLP’s holdings in T-Mobile US were worth $4,161,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in T-Mobile US during the 2nd quarter valued at $6,625,275,000. Bank of New York Mellon Corp bought a new stake in T-Mobile US in the second quarter worth $839,194,000. Bank of America Corp DE bought a new stake in T-Mobile US in the second quarter worth $758,977,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in T-Mobile US by 1.1% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,076,380 shares of the Wireless communications provider’s stock worth $683,731,000 after buying an additional 43,783 shares during the period. Finally, Amundi boosted its stake in T-Mobile US by 2.6% during the second quarter. Amundi now owns 3,775,445 shares of the Wireless communications provider’s stock worth $633,255,000 after buying an additional 95,650 shares during the period. Institutional investors own 42.49% of the company’s stock.

Insider Buying and Selling at T-Mobile US

In other news, CAO Daniel James Drobac sold 772 shares of T-Mobile US stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $178.33, for a total transaction of $137,670.76. Following the completion of the sale, the chief accounting officer directly owned 35,118 shares in the company, valued at approximately $6,262,592.94. This trade represents a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.32% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on TMUS shares. TD Cowen cut their price objective on shares of T-Mobile US from $260.00 to $258.00 and set a “buy” rating on the stock in a research report on Thursday, October 29th. JPMorgan Chase & Co. reduced their target price on shares of T-Mobile US from $260.00 to $235.00 and set an “overweight” rating on the stock in a research note on Thursday, October 29th. Benchmark lowered their target price on shares of T-Mobile US from $295.00 to $280.00 and set a “buy” rating for the company in a report on Friday, July 24th. The Goldman Sachs Group dropped their price target on shares of T-Mobile US from $230.00 to $211.00 and set a “buy” rating for the company in a research note on Friday, September 25th. Finally, Raymond James Financial raised shares of T-Mobile US from a “market perform” rating to an “outperform” rating and set a $170.00 price target for the company in a research note on Monday, October 12th. One research analyst has rated the stock with a Strong Buy rating, twenty-one 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 $238.25.

T-Mobile US Trading Up 4.1%

Shares of NASDAQ TMUS opened at $168.71 on Tuesday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.78 and a current ratio of 0.91. The business’s 50 day moving average price is $164.71 and its 200-day moving average price is $186.11. T-Mobile US, Inc. has a fifty-two week low of $143.75 and a fifty-two week high of $224.75. The company has a market cap of $178.71 billion, a price-to-earnings ratio of 16.28, a PEG ratio of 0.92 and a beta of 0.40.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Wednesday, October 28th. The Wireless communications provider reported $3.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.89 by $0.33. T-Mobile US had a return on equity of 21.47% and a net margin of 12.05%. The company had revenue of $23.58 billion during the quarter, compared to analysts’ expectations of $23.15 billion. During the same quarter in the previous year, the business earned $2.41 EPS. T-Mobile US’s revenue was up 7.4% compared to the same quarter last year. On average, sell-side analysts expect that T-Mobile US, Inc. will post 11.44 earnings per share for the current year.

T-Mobile US Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Wednesday, November 25th will be paid a $1.17 dividend. The ex-dividend date is Wednesday, November 25th. This is a positive change from T-Mobile US’s previous quarterly dividend of $1.02. This represents a $4.68 dividend on an annualized basis and a yield of 2.8%. T-Mobile US’s payout ratio is 39.38%.

T-Mobile US 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.