OVERSEA CHINESE BANKING Corp Ltd Acquires Shares of 17,565 T-Mobile US, Inc. (NASDAQ:TMUS)

OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 17,565 shares of the Wireless communications provider’s stock, valued at approximately $4,682,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC grew its stake in shares of T-Mobile US by 29,289.4% in the first quarter. GAMMA Investing LLC now owns 3,053,563 shares of the Wireless communications provider’s stock worth $814,416,000 after acquiring an additional 3,043,173 shares during the period. Canada Pension Plan Investment Board grew its stake in shares of T-Mobile US by 85.5% in the fourth quarter. Canada Pension Plan Investment Board now owns 6,025,096 shares of the Wireless communications provider’s stock worth $1,329,919,000 after acquiring an additional 2,777,657 shares during the period. Capital International Investors grew its stake in shares of T-Mobile US by 36.2% in the fourth quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider’s stock worth $1,440,424,000 after acquiring an additional 1,734,998 shares during the period. Deutsche Bank AG grew its stake in shares of T-Mobile US by 38.8% in the fourth quarter. Deutsche Bank AG now owns 3,465,534 shares of the Wireless communications provider’s stock worth $764,947,000 after acquiring an additional 968,444 shares during the period. Finally, Northern Trust Corp grew its stake in shares of T-Mobile US by 13.8% in the fourth quarter. Northern Trust Corp now owns 5,325,541 shares of the Wireless communications provider’s stock worth $1,175,507,000 after acquiring an additional 645,892 shares during the period. 42.49% of the stock is currently owned by institutional investors.

Insider Activity at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the business’s stock in a transaction on Monday, July 7th. The shares were sold at an average price of $238.08, for a total value of $16,627,507.20. Following the sale, the director owned 647,660,844 shares in the company, valued at approximately $154,195,093,739.52. The trade was a 0.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 1,555,330 shares of company stock valued at $360,568,811 over the last quarter. 0.37% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TMUS. Arete Research upgraded shares of T-Mobile US to a “strong-buy” rating in a research note on Tuesday, July 8th. Royal Bank Of Canada raised their price objective on shares of T-Mobile US from $265.00 to $270.00 and gave the stock a “sector perform” rating in a report on Friday, July 25th. JPMorgan Chase & Co. raised their price objective on shares of T-Mobile US from $270.00 to $280.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. Wall Street Zen downgraded shares of T-Mobile US from a “buy” rating to a “hold” rating in a report on Saturday, May 24th. Finally, Morgan Stanley raised their price objective on shares of T-Mobile US from $265.00 to $285.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, T-Mobile US presently has an average rating of “Moderate Buy” and a consensus target price of $256.31.

T-Mobile US Price Performance

TMUS stock opened at $237.20 on Friday. T-Mobile US, Inc. has a one year low of $185.39 and a one year high of $276.49. The company’s fifty day moving average price is $234.89 and its 200-day moving average price is $245.53. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21. The company has a market capitalization of $266.95 billion, a PE ratio of 22.38, a price-to-earnings-growth ratio of 1.30 and a beta of 0.62.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, topping the consensus estimate of $2.69 by $0.15. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The firm had revenue of $21.13 billion for the quarter, compared to the consensus estimate of $20.99 billion. During the same quarter in the previous year, the firm earned $2.49 earnings per share. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. On average, equities analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be issued a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US’s payout ratio is 33.21%.

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.