T-Mobile US, Inc. $TMUS Stake Increased by LGT Fund Management Co Ltd.

LGT Fund Management Co Ltd. increased its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 31.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,225 shares of the Wireless communications provider’s stock after buying an additional 5,990 shares during the period. LGT Fund Management Co Ltd.’s holdings in T-Mobile US were worth $6,010,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in TMUS. Merit Financial Group LLC boosted its holdings in T-Mobile US by 33.6% in the first quarter. Merit Financial Group LLC now owns 9,692 shares of the Wireless communications provider’s stock worth $2,585,000 after purchasing an additional 2,435 shares during the period. Portside Wealth Group LLC acquired a new position in T-Mobile US in the first quarter worth $259,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in T-Mobile US by 18.4% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,401 shares of the Wireless communications provider’s stock worth $907,000 after purchasing an additional 529 shares during the period. Breakwater Capital Group boosted its holdings in T-Mobile US by 143.1% in the first quarter. Breakwater Capital Group now owns 2,368 shares of the Wireless communications provider’s stock worth $632,000 after purchasing an additional 1,394 shares during the period. Finally, Vest Financial LLC boosted its holdings in T-Mobile US by 35.9% in the first quarter. Vest Financial LLC now owns 5,504 shares of the Wireless communications provider’s stock worth $1,468,000 after purchasing an additional 1,455 shares during the period. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Price Performance

Shares of T-Mobile US stock opened at $230.27 on Friday. 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 company’s 50-day moving average price is $244.56 and its two-hundred day moving average price is $244.10. T-Mobile US, Inc. has a 52 week low of $206.18 and a 52 week high of $276.49. The stock has a market cap of $259.15 billion, a PE ratio of 21.72, a price-to-earnings-growth ratio of 1.27 and a beta of 0.59.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly 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 analysts’ expectations of $20.99 billion. During the same period in the previous year, the business earned $2.49 earnings per share. T-Mobile US’s revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS 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. Shareholders of record on Wednesday, November 26th will be issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 1.8%. The ex-dividend date is Wednesday, November 26th. This is a boost from T-Mobile US’s previous quarterly dividend of $0.88. T-Mobile US’s dividend payout ratio is presently 38.49%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on TMUS shares. Rothschild & Co Redburn raised shares of T-Mobile US from a “sell” rating to a “neutral” rating and set a $228.00 price objective for the company in a report on Monday, July 7th. KeyCorp reissued an “underweight” rating and set a $200.00 price target on shares of T-Mobile US in a report on Wednesday, July 9th. Bank of America assumed coverage on shares of T-Mobile US in a report on Monday, July 7th. They set a “neutral” rating and a $255.00 price target for the company. Wolfe Research reduced their price target on shares of T-Mobile US from $300.00 to $290.00 and set an “outperform” rating for the company in a report on Tuesday. 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, eleven have assigned a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $262.50.

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 64,426 shares of the business’s stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $239.54, for a total transaction of $15,432,604.04. Following the sale, the director owned 634,112,640 shares in the company, valued at approximately $151,895,341,785.60. The trade was a 0.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders sold 2,584,633 shares of company stock worth $623,559,263. 0.37% of the stock is currently owned by insiders.

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.