Jupiter Asset Management Ltd. Takes Position in T-Mobile US, Inc. $TMUS

Jupiter Asset Management Ltd. purchased a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 149,248 shares of the Wireless communications provider’s stock, valued at approximately $35,560,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TMUS. Activest Wealth Management increased its position in T-Mobile US by 9,400.0% during the 1st 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 during the period. Missouri Trust & Investment Co increased its position in shares of 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 worth $28,000 after buying an additional 105 shares during the period. Stone House Investment Management LLC acquired a new stake in shares of T-Mobile US during the first quarter worth $29,000. Aspect Partners LLC raised its stake in T-Mobile US by 112.1% during the second quarter. Aspect Partners LLC now owns 123 shares of the Wireless communications provider’s stock worth $29,000 after buying an additional 65 shares during the last quarter. Finally, TCTC Holdings LLC boosted 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 acquiring an additional 77 shares during the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TMUS has been the subject of several research analyst reports. Wells Fargo & Company raised T-Mobile US from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $250.00 to $260.00 in a research report on Thursday, October 16th. Wolfe Research lowered their target price on T-Mobile US from $300.00 to $290.00 and set an “outperform” rating for the company in a report on Tuesday, September 30th. BNP Paribas Exane boosted their price target on T-Mobile US from $290.00 to $305.00 and gave the company an “outperform” rating in a research note on Monday, October 6th. Rothschild Redb raised shares of T-Mobile US to a “hold” rating in a research report on Tuesday, September 30th. Finally, The Goldman Sachs Group began coverage on shares of T-Mobile US in a research report on Tuesday, September 2nd. They set a “buy” rating and a $286.00 target price on the stock. Three analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, T-Mobile US presently has an average rating of “Moderate Buy” and a consensus price target of $266.83.

T-Mobile US Stock Up 3.0%

T-Mobile US stock opened at $211.98 on Wednesday. The company has a current ratio of 0.89, a quick ratio of 0.80 and a debt-to-equity ratio of 1.37. The firm’s fifty day moving average price is $228.69 and its two-hundred day moving average price is $236.35. The firm has a market capitalization of $237.10 billion, a price-to-earnings ratio of 20.38, a price-to-earnings-growth ratio of 1.51 and a beta of 0.57. T-Mobile US, Inc. has a 1-year low of $199.41 and a 1-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 EPS for the quarter, topping the consensus estimate of $2.40 by $0.01. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The firm had revenue of $21.96 billion during the quarter, compared to the consensus estimate of $21.61 billion. During the same period in the prior year, the business posted $2.61 earnings per share. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. On average, equities research analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

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

Insider Transactions at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the firm’s stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $250.87, for a total transaction of $17,520,760.80. Following the completion of the sale, the director directly owned 636,271,724 shares of the company’s stock, valued at $159,621,487,399.88. This trade represents a 0.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In the last ninety days, insiders sold 2,043,381 shares of company stock valued at $489,095,047. 0.37% of the stock is owned by corporate insiders.

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.