Morningstar Investment Management LLC Acquires New Shares in T-Mobile US, Inc. $TMUS

Morningstar Investment Management LLC acquired a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,480 shares of the Wireless communications provider’s stock, valued at approximately $2,259,000.

A number of other large investors have also recently added to or reduced their stakes in TMUS. GAMMA Investing LLC lifted its holdings in T-Mobile US by 10.2% in the first quarter. GAMMA Investing LLC now owns 11,449 shares of the Wireless communications provider’s stock valued at $3,054,000 after acquiring an additional 1,059 shares during the last quarter. Stock Yards Bank & Trust Co. acquired a new position in T-Mobile US in the first quarter valued at approximately $231,000. Wealth Enhancement Advisory Services LLC lifted its holdings in T-Mobile US by 1.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 559,131 shares of the Wireless communications provider’s stock valued at $149,126,000 after acquiring an additional 5,957 shares during the last quarter. Dynamic Advisor Solutions LLC acquired a new position in T-Mobile US in the first quarter valued at approximately $1,096,000. Finally, Ritholtz Wealth Management lifted its holdings in T-Mobile US by 7.3% in the first quarter. Ritholtz Wealth Management now owns 13,084 shares of the Wireless communications provider’s stock valued at $3,490,000 after acquiring an additional 893 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 64,426 shares of the company’s stock in a transaction on Wednesday, October 8th. The stock was sold at an average price of $226.17, for a total transaction of $14,571,228.42. Following the sale, the director owned 628,039,751 shares of the company’s stock, valued at approximately $142,043,750,483.67. This represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 2,359,321 shares of company stock worth $570,950,708 over the last 90 days. 0.37% of the stock is currently owned by corporate insiders.

T-Mobile US Stock Down 1.6%

T-Mobile US stock opened at $225.06 on Tuesday. T-Mobile US, Inc. has a twelve month low of $208.39 and a twelve month high of $276.49. The stock’s fifty day simple moving average is $243.04 and its 200-day simple moving average is $242.43. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $253.29 billion, a P/E ratio of 21.23, a P/E/G ratio of 1.56 and a beta of 0.59.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, topping analysts’ consensus estimates of $2.69 by $0.15. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The business had revenue of $21.13 billion for the quarter, compared to analyst estimates of $20.99 billion. During the same quarter in the prior year, the company earned $2.49 earnings per share. The company’s revenue was up 6.9% on a year-over-year basis. As a group, equities analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be given a dividend of $1.02 per share. This is an increase 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 1.8%. The ex-dividend date of this dividend is Wednesday, November 26th. T-Mobile US’s dividend payout ratio is currently 33.21%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on TMUS shares. Arete Research upgraded T-Mobile US to a “strong-buy” rating in a report on Tuesday, July 8th. Moffett Nathanson upped their price target on T-Mobile US from $210.00 to $230.00 and gave the stock a “neutral” rating in a research note on Thursday, October 2nd. Wolfe Research decreased their price target on T-Mobile US from $300.00 to $290.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 30th. Rothschild & Co Redburn upgraded T-Mobile US from a “sell” rating to a “neutral” rating and set a $228.00 price target on the stock in a research note on Monday, July 7th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on T-Mobile US from $280.00 to $300.00 in a research note on Thursday, October 2nd. Three research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $265.13.

About T-Mobile US

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.