GAM Holding AG Acquires Shares of 3,375 T-Mobile US, Inc. $TMUS

GAM Holding AG acquired a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) in the 2nd quarter, HoldingsChannel reports. The firm acquired 3,375 shares of the Wireless communications provider’s stock, valued at approximately $804,000.

Several other institutional investors have also added to or reduced their stakes in TMUS. Activest Wealth Management raised its position in T-Mobile US by 9,400.0% during the first quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 94 shares in the last quarter. Missouri Trust & Investment Co raised its position in T-Mobile US by 807.7% during the second quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 105 shares in the last quarter. Stone House Investment Management LLC acquired a new position in T-Mobile US during the first quarter valued at approximately $29,000. TCTC Holdings LLC raised its position in T-Mobile US by 208.1% during the first quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider’s stock valued at $30,000 after purchasing an additional 77 shares in the last quarter. Finally, N.E.W. Advisory Services LLC acquired a new position in T-Mobile US during the first quarter valued at approximately $47,000. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Stock Performance

Shares of T-Mobile US stock opened at $210.05 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.89 and a debt-to-equity ratio of 1.37. T-Mobile US, Inc. has a twelve month low of $207.64 and a twelve month high of $276.49. The stock has a market cap of $234.94 billion, a price-to-earnings ratio of 20.20, a P/E/G ratio of 1.51 and a beta of 0.59. The company’s fifty day moving average is $235.18 and its 200 day moving average is $239.15.

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 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 company had revenue of $21.96 billion for the quarter, compared to analysts’ expectations of $21.61 billion. During the same quarter in the previous year, the firm posted $2.61 earnings per share. T-Mobile US’s revenue for the quarter was up 8.9% on a year-over-year basis. Sell-side analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be paid a $1.02 dividend. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.88. This represents a $4.08 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, November 26th. T-Mobile US’s payout ratio is presently 39.23%.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 1,374 shares of the company’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $220.46, for a total transaction of $302,912.04. Following the sale, the director owned 582,065,875 shares of the company’s stock, valued at approximately $128,322,242,802.50. This represents a 0.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 2,322,741 shares of company stock valued at $556,959,972 over the last quarter. Insiders own 0.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on TMUS shares. Morgan Stanley decreased their target price on shares of T-Mobile US from $285.00 to $280.00 and set an “overweight” rating on the stock in a research note on Friday, October 24th. Wells Fargo & Company raised shares of 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. Barclays decreased their target price on shares of T-Mobile US from $250.00 to $240.00 and set an “overweight” rating on the stock in a research note on Friday, October 24th. Bank of America started coverage on shares of T-Mobile US in a research note on Monday, July 7th. They set a “neutral” rating and a $255.00 target price on the stock. Finally, BNP Paribas Exane boosted their target price on shares of T-Mobile US from $290.00 to $305.00 and gave the stock an “outperform” rating in a research note on Monday, October 6th. Three analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $266.63.

T-Mobile US 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.