IFM Investors Pty Ltd Has $23.17 Million Stock Position in T-Mobile US, Inc. $TMUS

IFM Investors Pty Ltd lifted its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 6.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 97,553 shares of the Wireless communications provider’s stock after buying an additional 6,147 shares during the period. IFM Investors Pty Ltd’s holdings in T-Mobile US were worth $23,166,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. ICONIQ Capital LLC bought a new position in shares of T-Mobile US during the first quarter valued at $215,000. Bank of Hawaii acquired a new stake in shares of T-Mobile US during the 1st quarter worth about $234,000. Caisse DE Depot ET Placement DU Quebec lifted its holdings in T-Mobile US by 34.6% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 41,829 shares of the Wireless communications provider’s stock valued at $11,156,000 after purchasing an additional 10,747 shares during the last quarter. FORA Capital LLC bought a new position in T-Mobile US during the 1st quarter valued at about $4,897,000. Finally, Redwood Investment Management LLC boosted its position in T-Mobile US by 141.6% in the first quarter. Redwood Investment Management LLC now owns 5,216 shares of the Wireless communications provider’s stock valued at $1,391,000 after buying an additional 3,057 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Trading Up 1.0%

TMUS opened at $197.67 on Wednesday. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.89 and a quick ratio of 0.80. The company has a market cap of $221.10 billion, a price-to-earnings ratio of 19.01, a price-to-earnings-growth ratio of 1.26 and a beta of 0.44. The firm has a 50 day simple moving average of $209.65 and a 200 day simple moving average of $228.31. T-Mobile US, Inc. has a fifty-two week low of $194.01 and a fifty-two week high of $276.49.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 EPS for the quarter, topping analysts’ consensus estimates of $2.40 by $0.01. The firm had revenue of $21.96 billion during the quarter, compared to analyst estimates of $21.61 billion. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.61 EPS. On average, sell-side analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Friday, February 27th will be issued a dividend of $1.02 per share. The ex-dividend date is Friday, February 27th. This represents a $4.08 dividend on an annualized basis and a yield of 2.1%. T-Mobile US’s dividend payout ratio (DPR) is 39.23%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on TMUS. Wolfe Research cut their target price on shares of T-Mobile US from $290.00 to $253.00 and set an “outperform” rating for the company in a research note on Monday, December 15th. Raymond James Financial raised T-Mobile US to a “hold” rating in a research note on Wednesday, October 1st. Deutsche Bank Aktiengesellschaft raised their target price on T-Mobile US from $280.00 to $300.00 in a research note on Thursday, October 2nd. KeyCorp upgraded shares of T-Mobile US from an “underweight” rating to a “sector weight” rating in a research report on Tuesday, December 2nd. Finally, Barclays lowered their price objective on shares of T-Mobile US from $250.00 to $240.00 and set an “overweight” rating for the company in a research report on Friday, October 24th. Three analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $260.17.

Insider Activity

In other news, Director Telekom Ag Deutsche sold 64,426 shares of the company’s stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $238.98, for a total value of $15,396,525.48. Following the completion of the sale, the director directly owned 634,241,492 shares of the company’s stock, valued at $151,571,031,758.16. This represents a 0.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last three months, insiders sold 979,442 shares of company stock worth $223,402,816. 0.37% of the stock is currently owned by insiders.

T-Mobile US Company 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.