University of Texas Texas AM Investment Management Co. Increases Stake in T-Mobile US, Inc. $TMUS

University of Texas Texas AM Investment Management Co. lifted its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 8,847.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,025 shares of the Wireless communications provider’s stock after purchasing an additional 37,600 shares during the quarter. T-Mobile US comprises 1.4% of University of Texas Texas AM Investment Management Co.’s investment portfolio, making the stock its 13th biggest holding. University of Texas Texas AM Investment Management Co.’s holdings in T-Mobile US were worth $9,060,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Activest Wealth Management lifted its position in T-Mobile US by 9,400.0% in the 1st quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 94 shares in the last quarter. Stone House Investment Management LLC bought a new position in shares of T-Mobile US in the first quarter worth about $29,000. TCTC Holdings LLC increased its stake in T-Mobile US by 208.1% in the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider’s stock worth $30,000 after buying an additional 77 shares in the last quarter. Missouri Trust & Investment Co lifted its holdings in shares of T-Mobile US by 807.7% in the second quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 105 shares in the last quarter. Finally, N.E.W. Advisory Services LLC bought a new position in shares of T-Mobile US during the 1st quarter valued at approximately $47,000. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Down 1.0%

T-Mobile US stock opened at $217.77 on Friday. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.89 and a quick ratio of 1.13. The stock has a market capitalization of $245.08 billion, a PE ratio of 20.94, a price-to-earnings-growth ratio of 1.49 and a beta of 0.59. The business has a 50 day simple moving average of $239.30 and a 200-day simple moving average of $240.62. T-Mobile US, Inc. has a 12 month low of $208.39 and a 12 month high of $276.49.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results 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. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. The firm had revenue of $21.96 billion for the quarter, compared to the consensus estimate of $21.61 billion. During the same period last year, the firm posted $2.61 earnings per share. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. On average, 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 announced a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be paid a dividend of $1.02 per share. The ex-dividend date is Wednesday, November 26th. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.88. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.9%. T-Mobile US’s payout ratio is currently 33.85%.

Insiders Place Their Bets

In other T-Mobile US news, Director Telekom Ag Deutsche sold 64,426 shares of the firm’s stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $226.17, for a total transaction of $14,571,228.42. Following the sale, the director owned 582,220,759 shares of the company’s stock, valued at approximately $131,680,869,063.03. This trade represents a 0.01% 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. Insiders sold 2,389,677 shares of company stock valued at $575,795,321 in the last 90 days. 0.37% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Rothschild Redb upgraded T-Mobile US to a “hold” rating in a report on Tuesday, September 30th. Deutsche Bank Aktiengesellschaft raised their price target on shares of T-Mobile US from $280.00 to $300.00 in a report on Thursday, October 2nd. Wells Fargo & Company upgraded T-Mobile US from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $250.00 to $260.00 in a research note on Thursday, October 16th. Moffett Nathanson raised their price target on T-Mobile US from $210.00 to $230.00 and gave the stock a “neutral” rating in a report on Thursday, October 2nd. Finally, BNP Paribas Exane upped their price objective on shares of T-Mobile US from $290.00 to $305.00 and gave the company an “outperform” rating in a report on Monday, October 6th. Three analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, T-Mobile US has a consensus rating of “Moderate Buy” and an average price target of $268.22.

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.