T-Mobile US, Inc. $TMUS Shares Acquired by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC lifted its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 0.5% during the second quarter, Holdings Channel reports. The institutional investor owned 83,071 shares of the Wireless communications provider’s stock after purchasing an additional 399 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in T-Mobile US were worth $19,793,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nuveen LLC purchased a new stake in shares of T-Mobile US during the 1st quarter worth $618,248,000. Assenagon Asset Management S.A. lifted its stake in shares of T-Mobile US by 518.8% in the second quarter. Assenagon Asset Management S.A. now owns 1,383,922 shares of the Wireless communications provider’s stock valued at $329,733,000 after purchasing an additional 1,160,275 shares during the period. Canada Pension Plan Investment Board boosted its holdings in T-Mobile US by 14.3% during the first quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider’s stock worth $1,837,399,000 after buying an additional 864,030 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in T-Mobile US by 25.4% during the first quarter. Goldman Sachs Group Inc. now owns 4,172,644 shares of the Wireless communications provider’s stock worth $1,112,886,000 after buying an additional 844,932 shares in the last quarter. Finally, Amundi grew its position in T-Mobile US by 34.4% during the first quarter. Amundi now owns 3,176,925 shares of the Wireless communications provider’s stock worth $851,066,000 after buying an additional 813,331 shares during the period. Institutional investors and hedge funds own 42.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on TMUS. Tigress Financial lifted their price target on shares of T-Mobile US from $305.00 to $310.00 and gave the company a “buy” rating in a research report on Tuesday, November 11th. Morgan Stanley reduced their price objective on T-Mobile US from $285.00 to $280.00 and set an “overweight” rating for the company in a report on Friday, October 24th. Moffett Nathanson boosted their target price on T-Mobile US from $210.00 to $230.00 and gave the stock a “neutral” rating in a research report on Thursday, October 2nd. Daiwa Capital Markets lowered their target price on T-Mobile US from $240.00 to $230.00 and set a “neutral” rating on the stock in a report on Tuesday, October 28th. Finally, HSBC raised T-Mobile US from a “hold” rating to a “buy” rating and set a $285.00 price target for the company in a research note on Friday, October 24th. Three analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $266.83.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS opened at $207.34 on Tuesday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.80 and a current ratio of 0.89. The business’s fifty day moving average price is $222.78 and its two-hundred day moving average price is $234.16. The stock has a market cap of $231.91 billion, a PE ratio of 19.94, a price-to-earnings-growth ratio of 1.51 and a beta of 0.57. T-Mobile US, Inc. has a one year low of $199.41 and a one year high of $276.49.

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

T-Mobile US Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be paid a dividend of $1.02 per share. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a $4.08 annualized dividend and a dividend yield of 2.0%. This is an increase from T-Mobile US’s previous quarterly dividend of $0.88. T-Mobile US’s dividend payout ratio is 39.23%.

Insider Activity

In related news, Director G Michael Sievert sold 22,500 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $216.97, for a total transaction of $4,881,825.00. Following the sale, the director owned 308,696 shares in the company, valued at approximately $66,977,771.12. This trade represents a 6.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Telekom Ag Deutsche sold 1,374 shares of the business’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $220.46, for a total value of $302,912.04. Following the completion of the transaction, the director owned 582,065,875 shares of the company’s stock, valued at $128,322,242,802.50. This trade represents a 0.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 1,719,181 shares of company stock valued at $404,701,767. 0.37% of the stock is owned by corporate insiders.

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.