T-Mobile US, Inc. $TMUS Shares Acquired by Waycross Investment Management Co

Waycross Investment Management Co lifted its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 2.8% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 8,489 shares of the Wireless communications provider’s stock after buying an additional 230 shares during the quarter. T-Mobile US accounts for approximately 2.1% of Waycross Investment Management Co’s portfolio, making the stock its 11th biggest position. Waycross Investment Management Co’s holdings in T-Mobile US were worth $2,023,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Nuveen LLC acquired a new stake in shares of T-Mobile US during the first quarter worth about $618,248,000. Assenagon Asset Management S.A. increased its stake in T-Mobile US by 518.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,383,922 shares of the Wireless communications provider’s stock worth $329,733,000 after buying an additional 1,160,275 shares during the period. Canada Pension Plan Investment Board lifted its holdings in T-Mobile US by 14.3% during the 1st quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider’s stock worth $1,837,399,000 after buying an additional 864,030 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in T-Mobile US by 25.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,172,644 shares of the Wireless communications provider’s stock valued at $1,112,886,000 after buying an additional 844,932 shares during the period. Finally, Amundi grew its stake in shares of T-Mobile US by 34.4% in the first quarter. Amundi now owns 3,176,925 shares of the Wireless communications provider’s stock worth $851,066,000 after acquiring an additional 813,331 shares in the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently issued reports on TMUS shares. Arete Research upgraded T-Mobile US to a “strong-buy” rating in a research note on Tuesday, July 8th. Morgan Stanley lifted their price objective on T-Mobile US from $265.00 to $285.00 and gave the company an “overweight” rating in a research note on Thursday, July 24th. KeyCorp restated an “underweight” rating and set a $200.00 target price on shares of T-Mobile US in a research note on Wednesday, July 9th. BNP Paribas Exane raised their target price on shares of T-Mobile US from $290.00 to $305.00 and gave the company an “outperform” rating in a report on Monday. Finally, The Goldman Sachs Group assumed coverage on shares of T-Mobile US in a report on Tuesday, September 2nd. They set a “buy” rating and a $286.00 price target for the company. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $264.29.

Insider Activity

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the business’s stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $244.98, for a total value of $17,109,403.20. Following the completion of the sale, the director directly owned 646,683,084 shares of the company’s stock, valued at approximately $158,424,421,918.32. The trade was a 0.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 2,579,219 shares of company stock worth $621,776,150 over the last 90 days. Company insiders own 0.37% of the company’s stock.

T-Mobile US Stock Performance

Shares of TMUS opened at $224.96 on Tuesday. The company has a market capitalization of $253.17 billion, a price-to-earnings ratio of 21.22, a price-to-earnings-growth ratio of 1.27 and a beta of 0.59. T-Mobile US, Inc. has a 52-week low of $207.40 and a 52-week high of $276.49. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33. The stock has a 50 day moving average price of $244.30 and a 200 day moving average price of $243.68.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share 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 business had revenue of $21.13 billion during the quarter, compared to the consensus estimate of $20.99 billion. During the same quarter in the previous year, the firm earned $2.49 EPS. The company’s revenue was up 6.9% compared to the same quarter last year. Research analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Wednesday, November 26th. 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 1.8%. T-Mobile US’s dividend payout ratio is 38.49%.

T-Mobile US Company 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.