Verde Servicos Internacionais S.A. Acquires Shares of 54,499 T-Mobile US, Inc. $TMUS

Verde Servicos Internacionais S.A. acquired a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the 2nd quarter, HoldingsChannel.com reports. The firm acquired 54,499 shares of the Wireless communications provider’s stock, valued at approximately $12,985,000. T-Mobile US makes up about 5.7% of Verde Servicos Internacionais S.A.’s investment portfolio, making the stock its 5th biggest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TMUS. Hohimer Wealth Management LLC raised its stake in T-Mobile US by 2.3% in the first quarter. Hohimer Wealth Management LLC now owns 1,800 shares of the Wireless communications provider’s stock valued at $480,000 after buying an additional 41 shares during the last quarter. Journey Strategic Wealth LLC increased its holdings in shares of T-Mobile US by 4.2% during the first quarter. Journey Strategic Wealth LLC now owns 1,022 shares of the Wireless communications provider’s stock valued at $273,000 after acquiring an additional 41 shares in the last quarter. Angeles Wealth Management LLC raised its position in shares of T-Mobile US by 1.2% in the 1st quarter. Angeles Wealth Management LLC now owns 3,328 shares of the Wireless communications provider’s stock valued at $888,000 after purchasing an additional 41 shares during the last quarter. Weaver Capital Management LLC boosted its stake in T-Mobile US by 0.6% in the 2nd quarter. Weaver Capital Management LLC now owns 6,737 shares of the Wireless communications provider’s stock worth $1,605,000 after purchasing an additional 42 shares in the last quarter. Finally, Bank of Stockton grew its position in T-Mobile US by 1.2% during the 2nd quarter. Bank of Stockton now owns 3,802 shares of the Wireless communications provider’s stock worth $906,000 after purchasing an additional 44 shares during the last quarter. Institutional investors own 42.49% of the company’s stock.

Insider Transactions at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the business’s stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $232.63, for a total value of $16,246,879.20. Following the completion of the sale, the director directly owned 646,822,764 shares in the company, valued at $150,470,379,589.32. The trade was a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 2,434,575 shares of company stock worth $588,274,010 in the last quarter. Corporate insiders own 0.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on TMUS shares. Redburn Atlantic raised shares of T-Mobile US from a “strong sell” rating to a “hold” rating and set a $228.00 price objective on the stock in a report on Monday, July 7th. Wolfe Research reduced their price objective on T-Mobile US from $300.00 to $290.00 and set an “outperform” rating for the company in a research note on Tuesday, September 30th. Moffett Nathanson lifted their target price on T-Mobile US from $210.00 to $230.00 and gave the stock a “neutral” rating in a report on Thursday, October 2nd. Arete Research upgraded shares of T-Mobile US to a “strong-buy” rating in a report on Tuesday, July 8th. Finally, Raymond James Financial upgraded shares of T-Mobile US to a “hold” rating in a research note on Wednesday, October 1st. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, T-Mobile US currently has an average rating of “Moderate Buy” and an average price target of $264.29.

T-Mobile US Stock Performance

TMUS opened at $226.21 on Friday. The firm has a fifty day moving average price of $243.52 and a 200 day moving average price of $243.23. T-Mobile US, Inc. has a 1 year low of $208.39 and a 1 year high of $276.49. The stock has a market cap of $254.58 billion, a P/E ratio of 21.34, a P/E/G ratio of 1.48 and a beta of 0.59. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.21 and a quick ratio of 1.13.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $21.13 billion during the quarter, compared to analysts’ expectations of $20.99 billion. During the same quarter in the previous year, the company earned $2.49 earnings per share. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. Equities research analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders 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 yield of 1.8%. The ex-dividend date is Wednesday, November 26th. T-Mobile US’s dividend payout ratio (DPR) is currently 38.49%.

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.