T-Mobile US, Inc. $TMUS Shares Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd boosted its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 16.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 49,458 shares of the Wireless communications provider’s stock after buying an additional 7,050 shares during the period. Y Intercept Hong Kong Ltd’s holdings in T-Mobile US were worth $10,388,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of TMUS. Leonteq Securities AG increased its stake in shares of T-Mobile US by 23.6% during the first quarter. Leonteq Securities AG now owns 6,365 shares of the Wireless communications provider’s stock valued at $1,337,000 after acquiring an additional 1,214 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in T-Mobile US by 52.8% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 306,654 shares of the Wireless communications provider’s stock worth $64,407,000 after purchasing an additional 105,900 shares during the period. Elevation Point Wealth Partners LLC lifted its position in T-Mobile US by 397.4% in the first quarter. Elevation Point Wealth Partners LLC now owns 24,058 shares of the Wireless communications provider’s stock worth $5,053,000 after purchasing an additional 19,221 shares during the period. Platform Technology Partners boosted its stake in T-Mobile US by 44.5% during the 1st quarter. Platform Technology Partners now owns 1,550 shares of the Wireless communications provider’s stock valued at $326,000 after purchasing an additional 477 shares in the last quarter. Finally, Mitchell & Pahl Private Wealth LLC increased its position in shares of T-Mobile US by 23.6% during the 1st quarter. Mitchell & Pahl Private Wealth LLC now owns 7,449 shares of the Wireless communications provider’s stock valued at $1,564,000 after purchasing an additional 1,421 shares during the period. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insider Activity

In other T-Mobile US news, COO Jon Freier sold 4,799 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $190.00, for a total transaction of $911,810.00. Following the transaction, the chief operating officer directly owned 217,168 shares in the company, valued at $41,261,920. This trade 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 available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael J. Katz sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $195.81, for a total value of $979,050.00. Following the completion of the transaction, the insider directly owned 181,930 shares in the company, valued at $35,623,713.30. The trade was a 2.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.32% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on TMUS shares. Arete Research boosted their price objective on T-Mobile US from $295.00 to $300.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Scotiabank decreased their target price on T-Mobile US from $266.00 to $263.00 and set a “sector outperform” rating for the company in a research note on Wednesday, April 29th. Moffett Nathanson upgraded shares of T-Mobile US from a “neutral” rating to a “buy” rating and set a $254.00 price target on the stock in a research report on Wednesday, April 8th. Royal Bank Of Canada cut their price target on shares of T-Mobile US from $255.00 to $240.00 and set an “outperform” rating for the company in a report on Wednesday, April 29th. Finally, KeyCorp upgraded shares of T-Mobile US from a “sector weight” rating to an “overweight” rating and set a $260.00 price objective for the company in a research report on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $260.27.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS opened at $177.52 on Friday. The firm has a market cap of $192.11 billion, a price-to-earnings ratio of 18.89, a P/E/G ratio of 1.01 and a beta of 0.33. T-Mobile US, Inc. has a 1 year low of $165.66 and a 1 year high of $261.56. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.58. The business has a fifty day simple moving average of $186.32 and a 200 day simple moving average of $197.22.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share for the quarter, topping the consensus estimate of $2.01 by $0.26. T-Mobile US had a return on equity of 19.47% and a net margin of 11.65%.The company had revenue of $23.11 billion for the quarter, compared to analyst estimates of $22.98 billion. During the same period in the prior year, the firm posted $2.58 EPS. The business’s revenue was up 10.6% compared to the same quarter last year. As a group, sell-side analysts predict that T-Mobile US, Inc. will post 10.65 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 28th will be issued a dividend of $1.02 per share. The ex-dividend date is Friday, August 28th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.3%. T-Mobile US’s dividend payout ratio (DPR) is currently 43.40%.

T-Mobile US Profile

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.