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

New York Life Investment Management LLC lifted its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 0.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 64,845 shares of the Wireless communications provider’s stock after acquiring an additional 597 shares during the quarter. New York Life Investment Management LLC’s holdings in T-Mobile US were worth $15,450,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP boosted its holdings in T-Mobile US by 1.7% in the first quarter. Wellington Management Group LLP now owns 12,846,939 shares of the Wireless communications provider’s stock worth $3,426,407,000 after purchasing an additional 214,224 shares during the period. Canada Pension Plan Investment Board boosted its holdings in shares of T-Mobile US by 14.3% in the 1st quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider’s stock valued at $1,837,399,000 after buying an additional 864,030 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of T-Mobile US by 25.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,172,644 shares of the Wireless communications provider’s stock valued at $1,112,886,000 after buying an additional 844,932 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of T-Mobile US by 4.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,050,797 shares of the Wireless communications provider’s stock valued at $1,080,388,000 after buying an additional 169,562 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in T-Mobile US by 2.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,295,432 shares of the Wireless communications provider’s stock valued at $878,925,000 after acquiring an additional 65,394 shares during the period. Institutional investors and hedge funds own 42.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Royal Bank Of Canada restated a “buy” rating on shares of T-Mobile US in a research note on Friday, October 24th. Scotiabank boosted their price objective on T-Mobile US from $271.50 to $278.00 and gave the company a “sector outperform” rating in a research report on Monday, October 6th. Bank of America began coverage on T-Mobile US in a research report on Monday, July 7th. They set a “neutral” rating and a $255.00 price objective for the company. Rothschild & Co Redburn raised shares of T-Mobile US from a “sell” rating to a “neutral” rating and set a $228.00 price target for the company in a report on Monday, July 7th. Finally, The Goldman Sachs Group assumed coverage on shares of T-Mobile US in a report on Tuesday, September 2nd. They set a “buy” rating and a $286.00 price target for the company. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $266.63.

T-Mobile US Trading Down 0.3%

Shares of TMUS stock opened at $219.99 on Wednesday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.80 and a current ratio of 0.89. T-Mobile US, Inc. has a 1 year low of $208.39 and a 1 year high of $276.49. The stock has a fifty day moving average of $237.85 and a two-hundred day moving average of $240.03. The firm has a market capitalization of $246.06 billion, a PE ratio of 21.15, a price-to-earnings-growth ratio of 1.55 and a beta of 0.59.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.40 by $0.01. The business had revenue of $21.96 billion during the quarter, compared to the consensus estimate of $21.61 billion. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.61 earnings per share. As a group, research analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.9%. This is an increase from T-Mobile US’s previous quarterly dividend of $0.88. T-Mobile US’s dividend payout ratio (DPR) is currently 33.85%.

Insider Buying and Selling at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 856 shares of the company’s stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $220.03, for a total value of $188,345.68. Following the completion of the sale, the director directly owned 582,185,182 shares of the company’s stock, valued at approximately $128,098,205,595.46. This represents a 0.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last ninety days, insiders have sold 2,273,274 shares of company stock valued at $547,198,479. Corporate insiders own 0.37% of the company’s stock.

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.